Short maritime terms glossary - part 3
EEC - European Economic Community.
ENTRY - A customs form used for the clearance of ships or merchandise.
ETA - Estimated time of arrival
ETD - Estimated time of departure
EUSC - Effective U. S. Control.
EVEN KEEL - When the draft of a ship fore and aft are the same.
EXIMBANK - Export-Import Bank: A Federal agency that aids in financing exports of U. S. goods and services through direct loans, loan guarantees,
and insurance.
FAC - Fast as can
FACS - Federation of American Controlled Shipping.
FAS - Free Along Side (of ship).
FEDERAL MARITIME COMMISSION(FMC) - Authorized tariffs and rate-making procedures on conferences operating in the United States.
FEEDER - A grain container or reservoir constructed around the hatchway between two decks of a ship which when filled with grain automatically feeds or fills in the vacant areas in the lower holds.
FEU - Forty Foot Equivalent Units (Containers).
FHEX - Fridays, holidays excluded
FHINC - Fridays, holidays included
FIO - Free in and out.
FIOST - Free in and out, stowed and trimmed
FIREMAN - an unlicensed member of the engine, room staff whose duties consist in standing watch in the boiler room and insuring the oil burning equipment is working properly.
FIRST REFUSAL - First attempt at best offer that can be matched
FIXTURE - Conclusion of shipbrokers negotiations to charter a ship -
an agreement
FLAGS OF CONVENIENCE - The registration of ships in a country whose tax on the profits of trading ships is low or whose requirements concerning manning or maintenance are not stringent. Sometimes referred to as flags of necessity; denotes registration of vessels in foreign nations that offer favorable tax structures and regulations; also the flag representing the nation under whose jurisdiction a ship is registered. Ships are always registered under the laws of one nation but are not always required to establish their home location in that country.
FLOATING OIL STORAGE - Oil stored on floating vessels. It has been the practice for oil to be stored in large laid-up oil tankers in order to offset the loss involved while the tankers are inactive.
FMC - Federal Maritime Commission.
FO - Fuel oil/free out
FOB (FREE ON BOARD)- Cost of a product before transportation costs are figured in.
F. O.B. - Free on Board: Export term in which the price quoted by the exporter does not include the costs of ocean transportation, but does include loading on board the vessel.
FORCE MAJEURE - Clause limiting responsibilities of charterers, shippers and receiver of cargo
FORECASTLE - The raised part of the forward end of a ship's hull. The inside space may be used for crew accommodation or quarters, though on new ships this space is being used for the storage of paints, tackle, deck and engine stores, tarpaulins, etc.
FORWARD - At or in the direction of the bow. Also the fore part of the ship.
FREE PRATIQUE - Clearance by the Health Authorities
FREIGHT - Money payable on delivery of cargo in a mercantile condition.
FREIGHT FORWARDER - Arranges shipments for customers usually break bulk. Does not actually carry the cargo or conduct business for the ship.
FREIGHT RATE - The charge made for the transportation of freight.
FRUSTRATION - Charterers when cancelling agreement sometimes quote 'doctrine of frustration' i. e. vessel is lost, extensive delays .
GA - General Average
GANGWAY - A narrow portable platform used as a passage, by persons entering or leaving a vessel moored alongside a pier or quay.
Gas tanker - Specially designed for the transport of condensed (liquefied) gases. The most important gases are: ammonia, ethylene, LNG (Liquefied Natural Gas), which consists mainly of methane, and is cooled to a temperature of minus 163 degrees Celcius, and LPG (Liquefied Petroleum Gas) such as butane and propane.
GATF - General Agreements on Tariffs and Trade
GDP - Gross Domestic Product: The total value of goods and services produced by a nation over a given period, usually 1 year.
GENERAL CARGO - A non-bulk oil cargo composed of miscellaneous goods.
GEOGRAPHICAL ROTATION - Ports in order of calling
GNP - Gross National Product: GDP plus the net income accruing from
foreign sources.
GOVERNMENT IMPELLED - Cargo owned by or subsidized by the
Federal Government.
GRAIN CAPACITY - Cubic capacity in 'grain"
GREAT LAKES PORTS - Ports in the lakes of Canada and/or USA popular for grain shipments. In Canada: Port Arthur and Fort William in Lake Superior; Hamilton, Kingston, Toronto and Prescott in Lake Ontario. In USA: Chicago, Milwaukee in Lake Michigan; Duluth and Superior in Lake Superior and Toledo in Lake Erie.
GREAT LAKES SHIP - Cargo ship developed to carry raw materials and manufactured goods on the Great Lakes. Most carry bulk cargoes of grain, iron ore or coal.
GROSS FREIGHT - Freight money collected or to be collected without calculating the expenses relating to the running cost of the ship for the
voyage undertaken.
Gross and Net tonnage (GT and NT) - Gross tonnage is the basis on which manning rules and safety regulations are applied, and registration fees are reckoned. Port fees are also often reckoned on the basis of GT and NT. GT and NT are defined according to formulas which take account, among other things, of the volume of the vessel's enclosed spaces (GT) and the volume of its
holds (NT).
GROSS REGISTERED TONS - A common measurement of the internal volume of a ship with certain spaces excluded. One ton equals 100 cubic feet; the total of all the enclosed spaces within a ship expressed in tons each of which is equivalent to 100 cubic feet.
GROUNDING - Deliberate contact by a ship with the bottom while she is moored or anchored as a result of the water level dropping.