Whether In Berth or Not (WIBON)
WIBON is a condition in a charter party agreement that affects the computation of the…
What Is FHEX?
There are various types of liner terms that make up a charter party, which is…
What Is a Genset in Shipping?
Reefer containers are temperature controlled, which allows for easy transportation of temperature-sensitive cargo such as…
Over, Short & Damaged (OS&D): Meaning, Report & Claim Guide
Supply chains are complex logistics networks in which cargos move from one point to another….
What Is Vessel Turnaround Time (VTT)?
About 80% of the international trade volume is facilitated through our oceans, in various types…
What Is a Dangerous Goods Note (DGN)?
When it comes to shipping dangerous goods, they often require an accompanying document that indicates…
What Is SHEX?
When a shipowner and a charterer agree on chartering terms, all of the important information…
What Is SHINC?
A charter party indicates port, vessel, laytime, and commodity details, among other types of important…
What Is More or Less Charterer’s Option (MOLCO)?
In the world of chartering, there are various types of cargo tolerances that are agreed…