TERMS AND DEFINITIONS

ABBREVIATION MEANING
MANIFEST Inventory of cargo on board
MB Merchant Broker
MDO (DO) Marine Diesel Oil
MIDSHIP Approximately in the location equally distant from the bow and stern
MIN/MAX Minimum/Maximum (cargo quantity)
MOA Memorandum of Agreement
MOLCHOPT More or Less Charterers Option
MOLOO More or Less Owners Option
MOORING An arrangement for securing a ship to a mooring buoy or pier
MT Mertic Tonne (i.e. 1,000 kilos)
M/V Motor Vessel / Merchant Vessel
NAABSA Not Always Afloat But Safely Aground
NM Nautical Mile. One minute of latitude; approximately 6,076 feet - about 1/8 longer than the statute mile of 5,280 feet
NAVIGATION The art and science of conducting a ship safely from one point to another
NCB National Cargo Bureau
NESTING Implies that cargo is presented stacked in the contour of similarly shaped cargo, it may be likened to a stack of plates. This is particularly relevant in the presentation of tankage strakes for transport
NON-REVERSIBLE (Detention). If loading completed sooner than expected, then saved days will not be added to discharge time allowed.
NOR Notice of Readiness
NRT Net Registered Tonnage
NYPE New York Produce Exchange
OO Owners Option
OBO Ore/Bulk/Oil Vessel
OSH Open Shelter Deck
OVERBOARD Over the side or out of the ship
OWS Owners