Shipping Industry Decodes Key Charter Contract Terms for Trade
This article interprets shipping terminology within charter contracts to assist maritime operators in understanding loading and unloading requirements and associated risks.
Shipping Industry Grapples with Complex Charter Terms Like PWWD, SSHINC
This article analyzes the meanings and practical applications of commonly used terms in charter party contracts: PWWD, SSHINC, and CQD. PWWD refers to 'Per Working Weather Day' and relates to the measurement of loading and unloading time; SSHINC specifies that Saturdays, Sundays, and holidays are included; while CQD represents the customary discharge speed at the port, with associated risks. These terms are crucial for ensuring the smooth operation of voyage charter agreements.
Unlocking International Shipping Terminology: The Meanings of CY/FO, CY/CY, and CY/LO
This article explains common terms in international shipping, specifically CY/FO, CY/CY, and CY/LO. By clarifying these terms, exporters and importers can better understand the allocation of costs, allowing for more effective management of expenses and risks. Mastering these terms will enhance trading efficiency and financial management capabilities.
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