Rules for letters of credit drawn up by the Commission on Banking Technique and Practices of the International Chamber of Commerce in consultation with the banking associations of many countries. See Terms of Payment.

Standardized weights or volumes for heating fuels.

A turbine that is driven by high velocity jets of water or steam from a nozzle directed to vanes or buckets attached to a wheel. (A pelton wheel is an impulse hydroturbine).

A floating island of ice. Only one-ninth of the total mass of an iceberg is visible above water level.

An instrument that shows changes in humidity.

The windward side (from where the wind is blowing).

In the stock market, an index is a device that measures changes in the prices of a basket of.

A refined petroleum product suitable for use as a fuel in internal combustion engines.

On square-rigged ships, the blocks attached to those yards on which studdingsails were set.

A vessel discharges part of its cargo at anchor into a lighter to reduce the vessel's draft so it can then get alongside a pier.

Secure hatches and loose objects both within the hull and on deck.

The stay that the jib is hoisted on. Usually the headstay.

The bearing of an object after magnetic variation has been considered, but without compensation for magnetic deviation.

See cathodic protection.

The path followed by electrons from a generation source, through an electrical system, and returning to the source.

A ton on which the shipment is freighted. If cargo is rated as weight or measure (W/M), whichever produces the highest revenue will be considered the revenue ton. Weights are based on metric tons and measures are based on cubic meters. RT=1 MT or 1 CBM.

A wearable device used to keep a person afloat. Also called a life jacket, life preserver, PFD or personal floatation device.

In the US, the amount (normally fixed) which a policyholder is obliged to pay prior to an.

The upper surface of a column of liquid.

An act of Congress (1903) prohibiting rebates, concession, misbilling, etc. and providing specific penalties for such violations.