PIT - CADET MODULE REVISION 28 JULY 2021 START

The agreed windows (in days) in which the ship owner must tender notice of readiness to the charterer that the ship has arrived at the port of loading and is ready to load

• Demurrage

• Terminal Notice

• Laycan

• Laytime

_______ is a type of voyage charter where vessel is contracted for several voyages which in continuation upon each voyage

• Contract of Affreightment

• Consecutive Voyage Charter

• Time Charter

• Bareboat Charter

The minimum depth of water a ship can safely navigate

• Loadline

• Beaufort Scale

• Waterline Limit

• Draft

The right-hand side, forward facing

• Starboard

• Port

• Forward

• Stern

The specialist intermediaries/negotiators between shipowners and charterers

• Broker

• Shipyard

• Trader

• Agents

Routes which are against the standard flow of traffic

• Safe Route

• Reverse Route

• Fronthaul

• Backhaul

Amount payable by charterer to shipowner for failing to load quantity of cargo in CP, payable at full freight

• Overage

• Penalty Fee

• Deadfreight

• Demurrage

The period of time when ship performs a voyage without cargo on board

• Ballast

• Transitting

• Laden

• Empty Voyage

Tanker of between 120,000 dwt and 199,000 dwt with dimensions which enables it to transit the Suez Canal fully laden

• Suezmax

• Aframax

• Coastal

• VLCC

Sunday Holiday Included; Term used to express laytime

• SHOIK

• SHINC

• SRBL

• SHEX