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Microorganisms that require free oxygen, or air, to live, and that which contribute to the decomposition of organic material in soil or composting systems.

Category:Energy Terms

Refers to the commitment by an Importer, evidenced by their accepting a Bill of Exchange drawn on them by an Exporter, to pay for goods at a fixed date in the future.

Category:Financial Terms

Insurance which pays a lump sum in the event of death of the insured being caused by an.

Category:Financial Terms

L/D

Load / Discharge Borkers term : average load/discharge rate per day, in tons. (L/D 6000/3000). Usually followed by more details about the method of counting the days.

Category:Abbreviations

B/C

Bulk Carrier

Category:Abbreviations

A short vertically erected pole at the bow on which the national flag is hoisted on naval ships while at anchor.

Category:Sea Words

(ASB)UK body that sets accounting standards. A subsidiary body of the Financial Reporting.

Category:Financial Terms

A technique to reduce corrosion of a metal surface under some conditions by passing sufficient to it to cause its electrode potential to enter and remain in the passive region; imposing an external electrical potential to protect a metal from corrosive at ...

The change in the initial anode potential resulting from current flow effects at or near the anode surface. Potential becomes mode noble (more positive) because of anodic polarization.

(Cost and Freight) (...Named Port of Destination):A Term of Sale where the seller pays the costs and freight necessary to bring the goods to the named port of destination, Terms of Sale but the risk of loss of or damage to the goods, as (continued) well a ...

Category:Sea Words

Small hatch in the fidley deck around the stack and uptakes. Generally closed by grating and steel covers.

Category:Technical Terms

OCC

Operations Control Centre (INMARSAT)

Category:Abbreviations

(1) The portion of solution in immediate contact with the anode, especially if the concentration gradient is steep. (2) The outer layer of the anode itself.

Laydays can be defined as the days kept aside in a ship’s voyage schedule for loading and unloading of the cargo. Laydays represent the time at which a ship must reach the charterer for cargo operations. Laydays are decided on the basis of the type and ...

The rate of build-up of a pension in a scheme where the calculation is based on salary. The accrual.

Category:Financial Terms

A Letter of Credit which includes a term bill of exchange in its required documentation. The bill will be accepted by the bank on which it is drawn, usually the issuing or advising bank, and the proceeds paid to the beneficiary at maturity.

Category:Financial Terms

Electrolytic cleaning in which the work is the anode. Also called reverse-current cleaning.

DDU

Delivered Duty Unpaid Delivered duty unpaid means that the seller delivers the goods to the buyer, not cleared for import, and not unloaded from any arriving means of transport at the named place of destination. The seller has to bear the costs and risks ...

Category:Abbreviations

A measure of the rate at which the air in an interior space is replace by outside (or conditioned) air by ventilation and infiltration; usually measured in cubic feet per time interval (hour), divided by the volume of air in the room.

Category:Energy Terms

The date to which accounts are made up for a company. When a company is incorporated, it will.

Category:Financial Terms