Glossary · the trade's own words
Maritime procurement glossary
41 terms a buyer, superintendent or purchasing officer meets between the requisition and the delivery receipt — each defined the way it is used on a real order, with the rule or contract behind it and the sources we read.
Index
01 SHIP SUPPLY & PROCUREMENT — 1302 PORT CALLS, LAYTIME & DEMURRAGE — 703 CHARTERING — 504 MARINE INSURANCE & LIABILITY — 305 BUNKERS & FUEL COMPLIANCE — 506 SAFETY, SECURITY & SHIP REGULATION — 8
Every rule, date and figure is cited to its source
A–Z
Every term, alphabetically
D
- Demurrage
- Demurrage and detentionContainer D&D and free time
E
- ETA, ETB and ETDEstimated time of arrival, berthing and departure
I
- IMPA codeInternational Marine Purchasing Association code
- Incoterms for ship supply
- ISM CodeInternational Safety Management Code
- ISPS CodeInternational Ship and Port Facility Security Code
- ISSA codeInternational Shipsuppliers & Services Association
L
- Launch boat delivery
- Laytime
- LSA CodeInternational Life-Saving Appliance Code
M
- MARPOL Annex VIPrevention of air pollution from ships
- MED wheel markMarine Equipment Directive
- MGOMarine gas oil
O
- Off-hire
- OPLOff port limits
- Owners’ items
P
- P&I clubProtection and indemnity club
- Port agent
- Port state controlPSC
R
- Requisition
- RFQRequest for quotation
S
- Ship chandler
- Ship spares in transit
- Slop chest
- SOLASInternational Convention for the Safety of Life at Sea
V
- VLSFOVery low sulphur fuel oil
- Voyage charter
01 · 13 terms
Ship supply & procurement
Codes, documents and delivery terms behind a requisition — from the IMPA code on the line to the launch boat at the anchorage.
- Bonded stores
- Dutiable goods — tobacco, spirits, wine, beer, perfume — supplied to a ship free of duty under customs control, for consumption on board outside the country's territory.
- Cash to master
- Cash — usually US dollars — delivered to the ship's master in port, normally through the port agent, for crew advances, wages and small expenses on board.
- IMPA code
- A six-digit number from the IMPA Marine Stores Guide that identifies one ship-store item, so buyer and chandler mean exactly the same thing on a requisition.
- Incoterms for ship supply
- The ICC's eleven standard trade terms, used on spare-part and stores orders to fix where the seller's delivery ends and who pays freight, insurance and duties.
- ISSA code
- The item numbering of the ISSA Ship Stores and Provisions & Bonded Stores catalogues, published by the International Shipsuppliers & Services Association — the supplier-side counterpart to IMPA.
- Launch boat delivery
- Delivery of stores, spares or provisions to a ship lying at anchor or off port limits, carried out by a launch or supply boat rather than a truck at the quay.
- OPL
- Off (or outside) port limits — a ship receiving bunkers, stores, spares or a crew change outside a port's limits, without formally entering the port.
- Owners’ items
- Goods the owner or manager buys and ships to the vessel themselves — spares, stores, documents — held by a local supplier or agent until they are delivered on board.
- Requisition
- The ship's request to the office for goods or services — the list a purchaser turns into enquiries, quotes and an order.
- RFQ
- A request for quotation: the enquiry a purchaser sends to suppliers asking them to price a requisition under stated terms.
- Ship chandler
- A supplier that delivers stores, provisions, spares and consumables to ships in port or at anchorage — the shipsupplier of the trade bodies.
- Ship spares in transit
- Spare parts consigned to a ship through a port — "for vessel X, in transit" — so they move under customs control to the ship instead of being imported.
- Slop chest
- The ship's own store of clothing, work gear, tobacco and personal items, kept by the master and sold to the crew during the voyage.
02 · 7 terms
Port calls, laytime & demurrage
Arrival times, notice of readiness, laytime and the money that runs when a ship or a box stays too long.
- Demurrage
- The agreed amount a charterer pays the owner for each day a ship is kept beyond the laytime allowed for loading or discharging; its mirror, despatch, is paid for time saved.
- Demurrage and detention
- Carrier charges for keeping a container too long after free time ends: demurrage while it sits in the terminal, detention while it is outside (with the consignee or shipper).
- ETA, ETB and ETD
- The ship's estimated time of arrival (at the port or pilot station), of berthing (all fast alongside) and of departure — the three times every port-call order is planned around.
- Husbandry
- The services a port agent arranges for the ship and crew rather than for the cargo — crew changes, spares and stores, repairs, medical assistance, cash and mail.
- Laytime
- The period agreed in a voyage charter during which the owner keeps the ship available for loading or discharging without payment beyond the freight.
- Notice of readiness
- The master's notice to the charterer that the ship has arrived and is ready in every respect to load or discharge — the event that starts laytime running.
- Port agent
- The ship's representative at a port — arranging clearances, berth, pilots and tugs, cargo documents and the owner's husbandry, and paying port costs on the principal's behalf.
03 · 5 terms
Chartering
How a ship is hired — by the voyage, by time or bare — and what each form leaves with the owner.
- Bareboat charter
- A charter of the ship alone, without crew — the charterer takes possession, mans, operates, maintains and insures her for the period, much as an owner would.
- Charter party
- The contract by which a charterer hires a ship (or her carrying capacity) from the owner — by the voyage, for a period of time, or bare without crew.
- Off-hire
- A period during a time charter when hire stops because the ship cannot work fully for the charterer, for a cause listed in the charter's off-hire clause.
- Time charter
- A charter in which the charterer hires a crewed ship for a period (or a trip) at a daily rate of hire and directs her employment, while the owner keeps operating her.
- Voyage charter
- A charter to carry a stated cargo between named ports for an agreed freight, with the owner running and paying for the voyage and the charterer allowed laytime to load and discharge.
04 · 3 terms
Marine insurance & liability
Who pays when something goes wrong: the hull underwriter, the P&I club, or everyone in the venture.
- General average
- The rule that an extraordinary sacrifice or expense made to save ship and cargo from a common peril is shared by every interest in the voyage in proportion to its value.
- Hull and machinery insurance
- Insurance of the ship herself — hull, machinery and equipment — against physical loss or damage, plus part of the owner's collision liability.
- P&I club
- A mutual association of ship-owners that insures its members' third-party liabilities — crew injury, cargo claims, pollution, collision balance, wreck removal.
05 · 5 terms
Bunkers & fuel compliance
Fuel grades, sulphur limits and the paperwork every stem leaves behind.
- Bunker delivery note
- The supplier's document recording a bunker delivery — grade, quantity, density, sulphur content — required by MARPOL Annex VI and kept on board for three years.
- Bunkers
- The fuel a ship burns in her engines and boilers — residual and distillate marine fuels specified to ISO 8217 — and, as a verb, the act of supplying it.
- MARPOL Annex VI
- The annex of the MARPOL convention that regulates air pollution from ships — sulphur in fuel, NOx from engines, ozone-depleting substances, fuel quality and emission control areas.
- MGO
- Marine gas oil — a light distillate bunker fuel, usually ISO 8217 grade DMA; at 0.10% sulphur it is the low-sulphur MGO (LSMGO) burned in emission control areas.
- VLSFO
- Very low sulphur fuel oil — residual or blended fuel oil with no more than 0.50% sulphur, the main compliant fuel since the IMO 2020 global sulphur cap.
06 · 8 terms
Safety, security & ship regulation
The conventions, codes and authorities that decide what a ship must carry and who checks it.
- Classification society
- An organisation that sets technical rules for the design, construction and maintenance of ships, surveys ships against them, and keeps them "in class" — usually also acting for the flag state.
- Flag state
- The state in which a ship is registered and whose flag she flies — the government responsible for her safety, crewing and certification wherever she trades.
- ISM Code
- The International Safety Management Code — the SOLAS chapter IX requirement that ship operators run an audited safety management system ashore and on board.
- ISPS Code
- The International Ship and Port Facility Security Code, the mandatory security regime under SOLAS chapter XI-2 for ships and the port facilities that serve them.
- LSA Code
- The International Life-Saving Appliance Code — the technical standards that lifejackets, lifebuoys, immersion suits, pyrotechnics, liferafts and lifeboats required by SOLAS must meet.
- MED wheel mark
- The steering-wheel symbol showing that marine equipment conforms to the EU Marine Equipment Directive (2014/90/EU) — required for listed equipment on EU-flagged ships.
- Port state control
- Inspection of foreign ships in a country's ports to check they comply with the conventions — with the power to detain a ship until serious deficiencies are fixed.
- SOLAS
- The International Convention for the Safety of Life at Sea, 1974 — IMO's main treaty on the safety of merchant ships, from construction and fire protection to life-saving appliances and security.
