Chartering Terms & Abbreviations
Aaosa Always afloat or safe aground. The condition for a vessel whilst in port. Addendum Additional terms at the end of a charter party. Arbitration Method of settling disputes which is usually binding on parties. A clause usually in a charter party. ASBA American Shipbrokers Association B/L Bill of lading, receipt of goods shipped onboard signed by Master (or agent) who contracts to carry them, stating terms on which goods are carried. B/N Booking note Backletter Where a seller/shipper issues…