Arkadiusz Ploski TITLE Numerical semigroups and plane curve singularities (II) ABSTRACT The Abhyanhar–Moh inequality can be stated in terms of the semigroup associated with a unique branch at infinity of the given plane affine curve. It is a valuable tool for proving the Abhyankar–Moh embedding line theorem and the Moh–Ephraim pencil theorem. We will study the numerical semigroups with the AM property and present a geometrical characterization of such semigroups. BIBLIOGRAPHY [1] E. Garcia Barroso, J. Gwozdziewicz, A. Ploski. Semigroups corresponding to branches at infinity of coordinate lines in the affine plane, Semigroups Forum 92 (3), pp. 534–540, 2016 [2] R.D. Barrolleta, E. Garcia Barroso, A. Ploski. On the Abhyankar–Moh inequality, Univ. Iag. Acta Math 52 (2015), pp. 7–14