Generally, you should avoid jargon. Abbreviated terms should be used with care, and their use should be limited to those cases where it is not likely to cause confusion. Therefore, it is often preferable to avoid abbreviations. However, if a long term is repeated many times throughout a text, an abbreviation may be warranted. You may also use abbreviations when it is necessary to prevent awkward construction.
If a list of abbreviated terms is not given in your document, then the first time that an abbreviated term is used, the full term shall be given with the abbreviated term following in parentheses. After defining the abbreviation in the text, you may use it throughout the document. However, if the abbreviation is used in the abstract of a publication, define it at first use in the abstract and again at first use in the text.
2,2′-bis(diphenylphosphino)-1,1′-binaphthyl (binap)
An exemplary list of recommended abbreviations is given in Appendix 10-2 of The ACS Style Guide. This list includes various structural abbreviations that are used in organic chemistry, for example
Ac – acetyl
Me – methyl
Et – ethyl
Ph – phenyl
Note that this list also includes some symbols that are not abbreviations (such as unit symbols or element symbols). The ACS Style Guide also includes a short list of common abbreviations that do not need to be defined (see page 158).
According to the Graphical Representation Standards for Chemical Structure Diagrams (IUPAC Recommendations 2008), structural abbreviations may also be used as labels in structural diagrams. These recommendations also include rules for the preferred ordering of structural abbreviations and other symbols in contracted labels (e.g. $\ce{-CHPh2}$ and not $\ce{-CPh2H}$).
According to the 2008 IUPAC recommendations (see Table II on page 406), the structural abbreviations Me, Et, Pr, iPr, Bu, iBu, s-Bu, t-Bu, Ac, Ph, Ms, Ts, and Cp may be used freely without further explanation. Other structural abbreviations may be used if they are accompanied by a clear explanation (e.g. a graphical representation) of the represented structural fragment. The use of structural abbreviations that are identical to an element symbol (e.g. Ac, Cm, Nb, Np, Pr, and Ts) should be restricted to situations where they are unlikely to be mistaken for the element symbols.