Extended Operational and Trade Vocabulary

Shipbroking, Freight Derivatives, and Baltic Indices glossary (page 2)

Vocabulary of shipbroking and freight trading: independent and S&P brokers such as Affinity and Allied, contracts of affreightment, vessel segments like Aframax named for the Average Freight Rate Assessment scale, tanker route codes, all-telex-fixed confirmation, and the arbitration-clause and Baltic-index terminology underpinning chartering and freight-derivative markets.

255 defined terms.

Showing 5 on this page (page 2 of 2).

X

XSI-C: Subset of the Xeneta Shipping Index focused on contract container freight rates negotiated between shippers and carriers.

Y

Yard Slot: Newbuilding berth at a shipyard reserved by an owner for vessel construction under SAJ, AWES, NEWBUILDCON, or bespoke forms.
Year Contract (CAL): Calendar-year FFA strip covering January through December settlement, a core liquidity point on the dry and wet forward curve.

Z

Zhoushan Bunker Index: Bunker price benchmark published by Sinopec and Shanghai Petroleum Exchange for the Port of Zhoushan.
Zone Charter: Charter party variant under which a vessel trades within a defined geographic zone for a period, hedged using regional Baltic routes.