Gearbulk ESGreport 2024 Paperturn - Flipbook - Page 82
GEARBULK
GLOSSARY
OF TERMS AND
ACRONYMS
• AI: Arti昀椀cial Intelligence
• EEDI: Energy E昀케ciency Design Index
• ABC: Anti Bribery and Corruption
• EEOI: Energy E昀케ciency Operational index
• AER: Annual E昀케ciency Ratio
• ESG: Environmental Social Governance
• AF: Anti Fouling
• ETS: Emission Trading System
• Biofouling: The accumulation of plant and animal organisms
• EU: European Union
on wetted surfaces.
• EUA: European Carbon Allowances
• BoD: Board of Directors
• EQ: Emotional intelligence
• BWM: Ballast Water and Sediments
• FC: Financial Capital
• BWTS: Ballast Water Treatment System
• FE: Facilities and Equipment
• CBT: Computer based training
• FFA: Forward Freight Agreements
• CEO: Chief Executive O昀케cer
• Fleximax: Vessels with open hatch, box shaped holds but
• CFO: Chief Financial O昀케cer
having 昀椀xed jib cranes rather than travelling gantry cranes.
• CH4: Methane
This gives rise to small overhangs on four hold bulkheads
• CII: Carbon Intensity Indicator
incorporating the crane support structure.
• CMS: Crew Management System
• FS: Financial Statements
• COA: Contract of A昀昀reightment, a contract requiring the
• GBSF: Gearbulk Solidarity Fund
carriage of a determined quantity of a speci昀椀ed cargo over
• GHG: Greenhouse Gases, generic name for a range of
a given period of time.
gases which absorb and re昀氀ect thermal radiation back to
• CO2: Carbon Dioxide – major Greenhouse gas. An atmos-
the earth’s surface which would otherwise have escaped
pheric increase of 35% since pre-industrial levels has been
into space, thus leading to global warming.
attributed to burning of fossil fuels and deforestation,
• GLT: Gearbulk Leadership Team.
causing global warming. This increased level is also respon-
• GRI: Global Reporting Initiative
sible for increased acidi昀椀cation of the oceans.
• HAZID: Hazard Identi昀椀cation
• CSR: Corporate Social Responsibility
• HAZOP: Hazard and Operability Study
• Dunnage: Material used to support and secure cargo during
• HC: Human Capital
transportation.
• HFC: Hydro昀氀uorocarbon
• DWT: Deadweight tonnage is a measure of the sum of the
• HR: Human Resources
weights a vessel can carry including cargo, fuel, ballast, fresh
• HSEQ: Health, safety, quality and environment policy
water, and stores.
• IACS: Integrated Administration and Control System
• EBITDA: Earnings before interest, tax, depreciation and
• IC: Intellectual Capital
amortisation
• ICS: International Chamber of Shipping
• ECA: Emission Control Area, areas with more stringent regu-
• IHM: Inventory of Hazardous Materials.
lation of emissions such as SOX and NOX for environmental
• IMO: International Maritime Organisation, United Nations
and/or human health issues.
agency responsible for the safety and security of shipping
• ECDIS: Electronic Chart Display and Information System
and the prevention of pollution from ships.
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APPENDIX
