Maritime Abbreviation

CP / C/PAbbr

Charter Party — the contract between a shipowner and a charterer governing the terms of the vessel's hire.

Related maritime terms

Classification society— An independent technical body that sets and enforces standards for vessel design, construc… COAAbbr— Contract of Affreightment — a long-term agreement for a shipowner to carry an agreed cargo… COGAbbr— Course Over Ground — a vessel's actual direction of travel relative to the earth. Container vessel— A ship built to carry standardised intermodal containers. CPAAbbr— Closest Point of Approach — the predicted minimum distance between two vessels on their pr… Davit— A small shipboard crane used to launch and recover lifeboats or rescue craft. Deadweight (DWT)— A vessel's total lifting capacity: the sum of cargo, fuel, fresh water, ballast, provision… Demurrage— A financial penalty payable by the charterer when a vessel is detained in port beyond the …

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