Very large crude carrier -tankers of 200,000 to 300,000 dwt.
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VLCC
Very large crude carriers: tankers between 200,000 and 300,000 dwt.
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PCC
Pure Car Carrier
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AFFREIGHTMENT CONTRACT
An agreement by an ocean carrier to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer.
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PROBO
Product Oil Bulk Ore Carrier
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HAMBURG RULES
Rules governing the rights and responsibilities of carrier and cargo interests which may be incorporated into a contract for the carriage of goods by sea either by agreement of the parties or statutorily. These rules were adopted by the United National Convention on the Carriage of Goods by Sea in 1978.
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HANDYMAX
A dry bulk carrier type of less than 50,000 tonnes and 12 mtr draught, popular for its efficiency and flexibility.
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HANDYSIZE
A bulk carrier type 40,000-65,000 tonnes.
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VESSEL MANIFEST
An international carrier is obliged to declare of the ship's crew and contents at the port of departure and arrival in this document.
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BACKLETTER
Where a seller/shipper issues a 'letter of indemnity' in favour of the carrier in exchange for a clean bill of lading. May have only a limited value. Example: P & I problems.
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NONVESSEL OPERATING COMMON CARRIER
A cargo consolidator in ocean trades who buys space from a carrier and resells it to smaller shippers. The NVOCC issues bills of lading, publishes tariffs, and otherwise conducts itself as an ocean common carrier, except that it does not provide the actual ocean or intermodal service.
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