Abratec
Brazilian National Association of Public Container Terminals
Antaq
Agency of Waterway Transportation.
Anvisa
National Health Surveillance Agency.
B3 (ex-BM&FBovespa)
São Paulo Stock Exchange.
Bareboat affreightment
An agreement by which the charterer has the possession, use and control of the vessel for a given period, including the right of designating the captain and crew.
BDR ou BDRs
Brazilian Depositary Receipts, share deposit certificates, each one representing one common share.
BNDES
Banco Nacional de Desenvolvimento Econômico e Social, the Brazilian national bank for economic and social development.
Bourse de Luxembourg Stock Exchange
Bourse de Luxembourg, Société Anonyme.
CAGR
Compounded annual growth rate.
Clearstream
Clearstream Banking, Societé Anonyme - Luxembourg.
Companies Act
Bermuda Companies Act of 1981 as subsequently amended.
Company or Wilson Sons
Concerns Wilson Sons S.A.
CSSF (Sector Vigilance Committee)
Luxembourg Financial or CSSF Commission de Surveillance du Secteur Financer, the Luxembourg regulating authority for the financial sector.
CVM
Securities and Exchange Commission.
Dredging
Digging service in the access channels and docking areas of ports for maintenance or increase of its depth.
EBITDA
EBITDA reflects net income before net financial revenues and expenses, income tax and social contribution, depreciation and amortization.
EBITDA Margin
Ratio between EBITDA and net revenues.
Euroclear
Euroclear Clearance System.
EuroMTF
The self-regulated trading market of the Luxembourg Stock Exchange.
FMM
Fundo da Marinha Mercante, the Merchant Shipping Fund.
Hub Port
Hub port for cargo.
IFRS
International Financial Reporting Standards.
Majority shareholder
Controlling shareholder of a company.
MHC
Mobile and rotatory harbor crane, used for loading and unloading containers into/from ships.
MPH
Movements per ship per hour.
Organized Ports
Ports that are built and equipped to serve the needs of navigation, of movement of passengers and handling and storage of goods, granted as a concession or operated by the Federation, the port traffic and operations of which fall under the jurisdiction of a port authority. The port authority is responsible for the management of the Organized Port, which could be the Federation itself or the Organized Port concessionaire entity.
OSV
“Offshore support vessels”, vessels that provide maritime support services for oil and gas exploration and production platforms.
Portainer
Quay gantry cranes whose is used for loading and unloading containers into/from ships.
PPRA
Program for Prevention of Environmental Risks.
PSV
“Platform supply vessels”, vessels that provide maritime support services for oil and gas exploration and production platforms.
Regulation S
Regulation S do Securities Act.
RTG or RTGs
Rubber-Tired Gantry cranes with tires and that use reinforced paths or roads.
Rule 144A
Rule 144A do Securities Act.
SEC
The U.S. Securities and Exchange Commission.
Securities Act
The U.S. Securities Act of 1933, as subsequently amended.
SELIC
Special System for Settlement and Custody.
SINDAMAR
Association of Maritime Navigation Agencies of the State of São Paulo.
Tag-along
Extension of rights enjoyed by controlling shareholders if they decide to sell their stake. In this case, the minority shareholders have the right to join the transaction and sell their minority stake in the company and sell their shares at the same price.
Take-or-Pay
Contractual obligation between a purchaser and a seller of product or services that requires the purchaser to pay a minimum amount for product or services, even if these have not been used or delivered.
TEU
Twenty equivalent unit, an international measure for the measurement of containers, equivalent to 20 feet.
Time charter
In this kind of agreement the charterer receives the vessel maintained and manned to operate for a pre-determined period. In case of stoppages due to technical reasons, any time loss is deducted from the lease expenses.
US GAAP
U.S. generally accepted accounting practices.
