The Table Below, While Not Includes Many Terms Commonly Used By Shipbrokers And Others Involved In Ship Chartering, Mainly To Save Time And Effort In Communications.         Term Meaning Term Meaning AA Always Afloat GSP Good And Safe Port ABT About C/P Charter Party L/C Letter Of Credit T/C Time Charter APS […]

LAYDAYS: refers to a period of specified days during which owners must present the vessel for loading.   CANCELLING DATE: is the final Layday and the date beyond which, if the chartered vessel has not been presented for loading, the charterers may reject her and cancel the charter. Together, laydays/cancelling or, as it is often […]