Glossary

ABS

American Bureau of Shipping

Aframax

A tanker of the largest size in the AFRA Freight Rate Assessment Scale Large One Category which includes vessels in the order of 80,000 - 100,000 DWT with typical load capacities of 600,000 barrels of crude oil

AIS

Automatic Identification System

Authorised Person

Under section 4 of the Merchant Shipping Law (2005 Revision), the individual authorised is required to sign and make a declaration of eligibility, whether for himself or on behalf of a body corporate, that he or the body corporate is in fact qualified to be registered as owner of a Cayman Islands ship. The Authorised Person may also sign other forms and provide supporting documentation on behalf of the owner, as may be required from time to time. See also Representative Person