The lenght between SEA bed to the highest point of a vessel is called AIR DRAUGHT, commonly it is useful to passing the vessel from a low rise brigde.
Saturday, September 29, 2012
ADDRESS COMMISSION
Address commission fairly known as ADDCOM is a term or arrangement used by BULK chartering.Commission payable by the shipowner to the charterer, expressed as a percentage of the freight or hire. Although this commission was sought by charterers as a means of reducing the freight or hire,Further in layman language it is a commission paid by ship owner to the charterer for the reduction in fright rate, further it can be adjusted in freight or can be paid by ship owner, Actually a charterer has so many large shipping department which used to run by money and this commission will shows in book keeping or account about the money in flow.
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