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Questions and Answers
What does the acronym FSRU stand for?
What does the acronym FSRU stand for?
The acronym MOA stands for Memorandum of Arrangements.
The acronym MOA stands for Memorandum of Arrangements.
False (B)
What does the acronym KYC represent in a maritime context?
What does the acronym KYC represent in a maritime context?
Know Your Counterparty
The unit of pressure defined as 100,000 Pa is known as a ________.
The unit of pressure defined as 100,000 Pa is known as a ________.
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Match the following acronyms with their descriptions:
Match the following acronyms with their descriptions:
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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 & 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 & 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 to steaming level
- DSME: Daewoo Shipbuilding & Marine Engineering Co. – based in South Korea
- DPV: Delivered at Place Unloaded
- DAT: Delivered At Terminal
- FOB: Free On Board
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Description
Test your knowledge on maritime acronyms with this quiz. From RFI to VLGC, discover the meanings of various terms used in the shipping industry. Perfect for students and professionals alike looking to strengthen their maritime vocabulary.
