Podcast
Questions and Answers
What does LLI stand for in the maritime industry?
What does LLI stand for in the maritime industry?
- Local Labor Input
- Limited Liability Insurance
- Live Load Index
- Long Lead Items (correct)
The FCC( abbreviation) stands for 'First Class Charterers' in the maritime industry.
The FCC( abbreviation) stands for 'First Class Charterers' in the maritime industry.
True (A)
What is a FSRU and what is its main purpose?
What is a FSRU and what is its main purpose?
A Floating Storage & Regasification Unit. It stores Liquified Natural Gas (LNG) and converts it to gas, enabling the transport of LNG to shore through pipelines.
The ______ is a metric unit of pressure defined as 100,000 Pa.
The ______ is a metric unit of pressure defined as 100,000 Pa.
Match the following acronyms with their respective meanings in the maritime industry:
Match the following acronyms with their respective meanings in the maritime industry:
Flashcards
RFI
RFI
A request made to a potential supplier to indicate their interest in providing goods or services.
RFQ
RFQ
A formal request to potential suppliers to submit their price proposals for goods or services.
LLI
LLI
Items that take an extended time to procure, typically due to long manufacturing lead times or complex logistics.
FSRU
FSRU
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MOA
MOA
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Study Notes
Acronyms
- RFI: Request For Indication
- RFQ: Request For Quotations
- LLI: Long Lead Items
- ORF: Onshore Receiving Facility
- FSRU: Floating Storage & Regasification Unit – Ship that stores LNG and connects it to gas so it can be sent to land through pipelines.
- ITIC: International Transport Intermediaries Club
- MOA: Memorandum of Agreements – A "contract" for buying or selling a ship.
- MAA: London Maritime Arbitration Association
- FCC: First Class Charterers
- FONASBA: Federation of National Association of Shipbrokers & Agents
- BIMCO: Baltic and International Maritime Council
- KYC: Know Your Counterparty
- VBO: Ultimate Beneficial Owner
- VLGC: Very Large Gas Carrier
- IMO: International Maritime Organisation
- Mbar: Millibar – Metric unit of pressure defined as 100,000 Pa
- LOA: Length Overall
- CBM: Cubic Metre
- RPM: Revolutions Per Minute – A measure of how fast an engine is spinning
- BWTS: Ballast Water Treatment System
- LDT: Light Displacement – The weight of the ship excluding cargo, fuel, ballast, stores, passengers, crew but with water in the boilers when steaming
- DSME: Daewoo Shipbuilding & Marine Engineering Co. -- built in South Korea
- DPV: Delivered at Place Unloaded
- DAT: Delivered At Terminal
- FOB: Free On Board
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Description
Test your knowledge of essential maritime acronyms with this quick quiz. Learn about terms related to shipping, transport, and maritime regulations. Perfect for students and professionals in the maritime industry!
