Gearbulk ESG Report 2023 - Report - Page 83
ESG REPORT 2023
• IR: Integrated Report
• PSC: Port State Control, the inspection of foreign ships in
• ISM: International Safety Management
national ports to verify the condition of the ship and its
• ISO: International Organisation for Standardisation.
equipment comply with the requirements of international
• JV: Joint Venture
regulations and that the ship is manned and operated in
• KPIs: Key performance indicators
• LTIF: Lost Time Injury Frequency, the number of Lost Time
Injuries per million man-hours worked during the reporting
period.
• MACN: Maritime Anti-Corruption Network, a global network
promoting good practice in the maritime industry by tackling
bribes, facilitation payments and other forms of corruption.
• MARPOL: Abbreviation for marine pollution and refers to
compliance with these rules.
• RAM: Risk Assessment Matrix
• SEEMP: Ship Energy E昀케ciency Management Plan, a tool
which incorporates best practices and continual improvement for the energy e昀케cient operation of a vessel. Introduced by IMO.
• Semi-open: Vessels with hatch openings slightly smaller
than the cargo hold,causing minor overhangs.
IMO’s International Convention for the Prevention of Pollu-
• SOLAS: International Convention for the Safety of Life at Sea
tion from Ships which covers pollution caused by oil, noxious
• SOX: Sulphur oxides, broad term referring to a range of
liquids in bulk, pollutants carried in packaged form, sewage,
sulphur and oxygen containing compounds which can
garbage, and air pollution.
be generated naturally (volcanoes) and from man-made
• MC: Manufactured Capital
sources such as burning of fossil fuels.
• MEPC: Marine Environment Protection Committee
• SRC: Social and Relationship Capital
• MLC: Maritime Labour Convention
• SRF: Ship Recycling Facility
• Mt: Metric tonnes.
• SRP: Ship Recycling Plan
• NC: Natural Capital
• SOLAS: International Convention for the Safety of Life at Sea
• NGOs: Non-Government Organisation, an organisation
• STCW: Standards of Training, Certi昀椀cation and Watch-
which operates independently from any form of government
keeping. The IMO Convention for STCW prescribes minimum
and is not a conventional for-pro昀椀t business.
standards relating to training, certi昀椀cation and watchkeeping
• NORMA: Norwegian Maritime Cyber Resilience Centre
• NOX: Generic term for nitric oxides and nitrogen dioxide
formed during the combustion process. Forms acid rain and
for seafarers.
• Supramax: Bulk carrier in 50,000 to 60,000 dwt range.
• TEFC: Totally Enclosed Forestry Carrier.
destroys the earth’s protective ozone layer. Inhalation can
• TPM: Ton per mil
cause or worsen respiratory diseases such as bronchitis,
• TRC: Total Recordable Cases
emphysema and aggravate heart disease.
• TRCF: Total Recordable Cases Frequency
• OCIMF: Oil Companies International Marine Forum
• OHGC: Open Hatch Gantry Crane.
• Tweendecker: Vessel which has its holds divided by a
‘tween’ deck which creates upper and lower holds.
• OHJC: Open Hatch Jib Crane.
• USG: United States Gulf (of Mexico)
• OPEX: Operating expenses or operating costs
• VSAT: Very Small Aperture Terminals
• PC / HC: Propellor and Hull Cleaning
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