EXMAR report 2025

6. Glossary 257 SO X Sulphur Oxides SRDII Second Shareholders’ Rights Directive SRR EU Ship Recycling Regulation No. 1257/2013 STCW International convention on Standards of Training, Certification and Watchkeeping for Seafarers STS Ship-to-ship cargo transfer TC Time Charter TCE Time Charter Equivalent TMSA Tanker Manager and Self-Assessment TRC Total Recordable Case TRCF Total Recordable Case Frequency TTSL Taking The Safety Lead U/C Under Construction ULCV Ultra Large Container Vessel ULGC Ultra Large Gas Carrier UN United Nations UNCLOS United Nations Convention on the Law of the Sea USCG United States Coast Guard USD United States Dollar US EPA United States Environmental Protection Agency UV Ultra Violet VCM Vinyl Chloride Monomer VLAC Very Large Ammonia Carrier VLGC Very Large Gas Carrier VLSFO Very Low Sulphur Fuel Oil VOC Volatile Organic Compounds