The word break bulk derives from the phrase breaking bulk — the separation from the holds  of the ship of a portion of a ship's cargo, or the start of the unloading process.  … [Read more...]

The central portion of the screw propeller which carries the blades, and forms the medium of attachment to the propeller shaft. Also known as propeller hub. … [Read more...]

The shell plate in a position either side of the propeller boss. … [Read more...]

Described by being the lowest bearing point of the ship’s rudder, when the rudder is of a type which is supported within the structure of a stern frame arrangement. … [Read more...]

These are usually in the form of ‘T’ bulb bars, ‘H’ girders or channel bars, which are designed to stiffen and support throughout the vessel’s length. They compensate for water pressure, panting, dry docking and racking stresses. … [Read more...]

Triangular steel plates secured between beams or half-beams and the side frames. They tend to compensate for racking stresses and localised stresses from heavyweights. … [Read more...]

"Bunkers" is the fuel energy used by a ship. This can include different grades and types of fuel oil used for different purposes. It can also include coal. In charterparties, there are a number of clauses dealing with bunkers. BIMCO has issued, supported or recommended certain "Bunker clauses" that should be inserted in charterparties. These are listed below:BIMCO Bunker Shortage Clause for Voyage Chartering 1974 BIMGO Bunker Shortage Clause for Time Chartering 1974 BIMCO Bunker Shortage Clause for Bills of Lading 1974 BIMCO Bunker Rise Clause for Voyage Chartering 1974 BIMCO … [Read more...]

It is customary to express the remuneration for the broker's time and efforts in negotiating and arranging the contract as a certain percentage of the money earned by the shipowner. (In marine insurance, the broker is generally paid a commission by the underwriter although the assured is the broker's client and the services are for the client.) In shipbroking, the term "brokerage" is generally preferable instead of "commission" because the latter term is usually related to the charterer's reward as "address commission". … [Read more...]

In the context of chartering, the most common "broker" is a "shipbroker". In general, in shipping, a broker is a person who acts as a "middleman" between two parties and negotiates the terms of a contract into which the two parties enter. The broker acts as an agent and usually represents only one of the parties, negotiating with the other party directly or with another broker representing the other side. In addition to a shipbroker-who can be an owner's broker or a charterer's agent negotiating a charter-there  are also other types of "brokers", such as:Sale and Purchase (S&P) … [Read more...]

This expression simply means to start the discharge. … [Read more...]