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


Very Large Crude Carrier. Our definition being a vessel of 200,000 dwt or above.

Voyage charter

The transportation of cargo from port(s) of loading to port(s) of discharge. Payment is normally per ton(ne) of cargo, and the shipowner pays for bunker, port and canal charges.

Voyage costs

Costs directly related to a specific voyage (eg. bunker, port and canal charges).

To search the glossary please click A-Z to browse by initial, or click 'ALL'. Initials that have no glossary entries are greyed out.

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