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A phrase often included in charter parties and freight contracts referring to local rules and practices which may impact upon the costs borne by the various parties.



Related Terms

BAREBOAT CHARTER PARTY

A charter party under which the owner provides the vessel only or bare, and the charterer provides the crew, stores, cargoes, etc. Usually these charters are entered into for a longer period of time. Bareboat Charters can also be known as charter-parties by demise. The registered owner passes over to the demise charterer the complete control and management of the ship. The demise charterer becomes, for all effective purposes, the owner during the duration of the contract. The Master and crew are his servants and may be appointed by him. The demise charterer is a 'carrier' for the purposes of the Carriage of Goods by Sea Act 1971. This form of charter party often involves new buildings and may be used as part of an arrangement to finance a ship. The owner puts up the money for the purchase of the ship and the demise charterer operates her as the disponent owner.

OFFHIRE

A term used to describe the time at which a vessel is no longer meeting the terms of readiness for a shipment and is therefore no longer earning revenue during that time. Some situations which can cause offhire periods are holds not clean, dry, free from infestation; engine failure, cannot sail due to crew problem or shortage. Etc.. When a vessel's condition changes back to meet the contract or charter party terms it is placed back on-hire. In some cases such as poor engine perfoprmance which extends the charter and adds expenses a claim for partial offhire may be made.

SERVICE CONTRACT

As provided in the Shipping Act of 1984, a contract between a shipper (or a shippers association) and an ocean common carrier (or conference) in which the shipper makes a commitment to provide a certain minimum quantity of cargo or freight revenue over a fixed time period, and the ocean common carrier or conference commits to a certain rate or rate schedule as well as a de ned service level (such as assured space, transit time, port rotation or similar service features). The contract may also specify provisions in the event of nonperformance on the part of either party.

LUMP-SUM CHARTER

A voyage charter whereby the shipowner agrees to place the whole or a part of the vessel's capacity at the charterer's disposal for which a lump-sum freight is being paid.

MONOHEDRON

From the Greek word hedron (a geometrical figure having any number of planes). The theoretical ideal shape for planing over the water surface is one of constant (mono) section. Thus monohedron describes a hull that has a running surface of constant section; in practice the sections may not be exactly the same.

PLATEN

1.A flat plate against which something rests or is pressed. 2. The rubber-covered roller of a typewriter against which paper is pressed when struck by the typebars. 2. A flat surface for exchanging heat in a boiler or heat exchanger which may have extended heat transfer surfaces.

LUMPSUM FREIGHT

Money paid to shipper for charter of a ship (or portion) up to stated limit irrespective of quantity of cargo.

O/N

OrderNotify - a bill of lading term to provide surrender of the original bill of lading before freight is released; usually associated with a shipment covered under a letter of credit.

CAR SEAL

Metal strip and lead fastener used for locking freight car or truck doors. Seals are numbered for record purposes.

LOWEST SAFE WATERLINE

The lowest water level in a boiler drum at which the burner may safely operate.

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