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> Dictionary
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| Term | Definition |
| fixture |
indicates a ship has been fixed for employment |
| Term | Definition |
| Baltic Freight Index |
a statistical index generated daily by calculating the weighted average of the actual fixtures on twelve frequently fixed routes; BFI for short |
| MOLOO |
short for More Or Less Owner's Option which means that the owners have option to ask for any percentage of cargo as stated in fixture note |
| shipbroker |
1. one whose business is selling and buying of ships, i.e. sale and purchase broker;
2. one who serves as an intermediary between a shipowner and a shipper or charterer; commission upon successful fixture or fixing of voyage charters comes from the shipowner and not from the charterer |
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