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Welcome to the Braemar Shipping Services Glossary. This contains terminology used in the shipping industry.

Net revenue

Gross freight income less voyage costs (bunker costs, port duties etc.).

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AMEG: Middle East Gulf
USAC: US Atlantic Coast
USG: US Gulf
WAF: West Africa
TCE: Time Charter Equivalent
WS: Worldscale
TEU: Twenty Foot Equivalent Units