Gearbulk Integrated Report 2023 - Report - Page 135
INTEGRATED REPORT 2023
• IR: Integrated Report
• PC / HC: Propellor and Hull Cleaning
• ISM: International Safety Management
• PSC: Port State Control, the inspection of foreign ships in
• ISO: International Organisation for Standardisation
national ports to verify the condition of the ship and its
• JV: Joint Venture
equipment comply with the requirements of international
• KPIs: Key performance indicators
regulations and that the ship is manned and operated in
• LTIF: Lost Time Injury Frequency, the number of Lost Time
compliance with these rules.
Injuries per million man-hours worked during the reporting
• RAM: Risk Assessment Matrix
period.
• SEEMP: Ship Energy E昀케ciency Management Plan, a tool
• MACN: Maritime Anti-Corruption Network, a global
which incorporates best practices and continual improve-
network promoting good practice in the maritime industry
ment for the energy e昀케cient operation of a vessel. Intro-
by tackling bribes, facilitation payments and other forms
of corruption.
• MARPOL: Abbreviation for marine pollution and refers
duced by IMO.
• Semi-open: Vessels with hatch openings slightly smaller
than the cargo hold,causing minor overhangs.
to IMO’s International Convention for the Prevention of
• SOLAS: International Convention for the Safety of Life at Sea
Pollution from Ships which covers pollution caused by oil,
• SOX: Sulphur oxides, broad term referring to a range of
noxious liquids in bulk, pollutants carried in packaged form,
sulphur and oxygen containing compounds which can
sewage, 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
• STCW: Standards of Training, Certi昀椀cation and Watch-
• NGOs: Non-Government Organisation, an organisation
keeping. The IMO Convention for STCW prescribes
which operates independently from any form of govern-
minimum standards relating to training, certi昀椀cation and
ment and is not a conventional for-pro昀椀t business.
watchkeeping for seafarers.
• NORMA: Norwegian Maritime Cyber Resilience Centre
• Supramax: Bulk carrier in 50,000 to 60,000 dwt range.
• NOX: Generic term for nitric oxides and nitrogen dioxide
• TEFC: Totally Enclosed Forestry Carrier.
formed during the combustion process. Forms acid rain and
• TPM: Ton per mil
destroys the earth’s protective ozone layer. Inhalation can
• TRFC: Total recordable injury cases frequency
cause or worsen respiratory diseases such as bronchitis,
• Tweendecker: Vessel which has its holds divided by a
emphysema and aggravate heart disease.
‘tween’ deck which creates upper and lower holds.
• OCIMF: Oil Companies International Marine Forum
• USG: United States Gulf (of Mexico)
• OHGC: Open Hatch Gantry Crane.
• VSAT: Very Small Aperture Terminals
• OHJC: Open Hatch Jib Crane.
• OPEX: Operating expenses or operating costs
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