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Questions and Answers
What does the abbreviation TEU stand for?
What does the abbreviation TEU stand for?
- Tactical Equipment Unit
- Total Effective Unit
- Twenty-foot Equivalent Unit (correct)
- Tonnage Equivalent Unit
CGI stands for Compensated Cargo Index.
CGI stands for Compensated Cargo Index.
False (B)
What does FSU stand for in the context of shipping?
What does FSU stand for in the context of shipping?
Floating Storage Unit
The abbreviation for Marine Gas Oil is ______.
The abbreviation for Marine Gas Oil is ______.
Match the following abbreviations with their meanings:
Match the following abbreviations with their meanings:
Flashcards
TEU (Twenty-foot Equivalent Unit)
TEU (Twenty-foot Equivalent Unit)
A standard unit of measurement for containerized cargo, equivalent to a 20-foot long container.
CGI (Compensated Cross Tonnage)
CGI (Compensated Cross Tonnage)
A method for calculating the amount of cargo capacity based on vessel type, used for compensation purposes.
VLEC (Very Large Ethane Carrier)
VLEC (Very Large Ethane Carrier)
A vessel designed for large-scale transportation of ethane, a type of natural gas.
TCP (Time Charter Party)
TCP (Time Charter Party)
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OOPT (Owners Option)
OOPT (Owners Option)
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Study Notes
Shipping Terminology
- TEV: Twenty-foot Equivalent Unit
- C.G.I.: Compensated Gross Tonnage - An indicator of the amount of work that is necessary to build a given ship. It is calculated by multiplying tonnage by a coefficient determined by type/size of particular ship.
- VLEC: Very Large Ethane Carrier
- TCP: Time Charter Party
- OOPT: Owners Option
- DLOSP: Dropping Last Outward Sea Pilot
- CHOPT: Charreers Option
- FSU: Floating Storage Unit
- POPR: Per Day Pro Rata
- JKTC: Japan, Korea, Taiwan, China
- SIRE: Ship Inspection Report
- JBOG: Japan Bunker Oil Guarantee
- FO: Fuel Oil
- MGO: Marine Gas Oil
- CNG: Compressed Natural Gas
- HFU: Heavy Fuel Oil - bunker fuel
- FOE: Fuel Oil Equivalency
- HH: Henry Hub
- TTF: Title Transfer Facility
- IGG: Inert Gas Generator
- ACQ: Actual / Annual Contract Quantity
- DOQT: Downwards Quantity Tolerance - Contracted allowed reduction in the volume of cargo delivered than initial specified amount.
- AQT: Additional Quantity Tolerance - Opposite of above
- LNG-BV: LNG-Bunkering Vessel
- FWA: Fresh Water Allowance
- TPC: Tons Per Centimetre
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