Blocks on which the keel of a vessel rests when being built, or when she is in dry dock.

International Association of Maritime Institutes

An index representing the cost of time chartering a tanker for a specific voyage at a given time. The index is given at Worldscale 100, which represents the price in dollars per ton for carrying the oil at that rate. The negotiated rate will be some perce ...

Group of Seven Nations (United States, Canada, Japan, Britain, France, Germany, and Italy)

Clause in a voyage charter party which relieve the charterer of all responsibility one the cargo has been shipped.

Free In Out and Spout-Trimmed.

United Kingdom Mutual

Institute Warrant Limits

A vertical structural element that holds up a roof, encloses part or all of a room, or stands by itself to hold back soil.

International Maritime Dangerous Goods Code. The regulations published by the IMO for transporting hazardous materials internationally.

Upper Flammable Limit

Federal Aviation Administration.

A pleasure vessel, a pleasure boat; in American usage the idea of size and luxury is conveyed, either sail or power.

Research And Development

Quality Coordinator.

Exploration and Production.

IADC International Association of Dredging (also Diving) Contractors

[meaning]

Passenger/Training ship.

Pushing and Towing Purposes.