Welcome to the Braemar Shipping Services Glossary. This contains terminology used in the shipping industry.


Oil/Bulk/Ore carrier (see Combination carrier).

Oil tanker

Tanker carrying crude oil or refined oil products.


The US Oil Pollution Act of 1990. Federal law imposing regulations on shipowners trading in US waters.

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AMEG: Middle East Gulf
USAC: US Atlantic Coast
USG: US Gulf
WAF: West Africa
TCE: Time Charter Equivalent
WS: Worldscale
TEU: Twenty Foot Equivalent Units