A new letter of credit issued to another beneficiary on the strength of a primary credit. The second L/C uses the first L/C as collateral for the bank. Used in a three-party transaction.

Customs form permitting in bond cargo to be moved from one location to another under Customs control, within the same Customs district. Usually in motor carrier's possession while draying cargo.

This is a trading term between buyer and seller where a seller agrees to deliver goods to a buyer before a payment is made and without any form of guarantee of payment.

Abbreviation for "Not Otherwise Indexed By Name."

A wood-burning appliance for space and/or water heating and/or cooking.

Someone who becomes an account holder with a building society in the hope that they will benefit.

A device to record temperature in a container while cargo is en route.

(FSA)The replacement regulating body for the Securities and Investments Board (SIB). The FSA, which.

A configuration of an electrical circuit in which the voltage is the same across the terminals. The positive reference direction for each resistor current is down through the resistor with the same voltage across each resistor.

The earnings of a company are its annual profits after deduction of tax, dividends to preference.

A bond which was issued at a rating of AAA to BBB (investment grade) which has since fallen in.

Competent Harbour Authority

The distance or length of flow of the air past a point during a given interval of time.

A mainly flat surface for transmitting radiant energy.

A raft used in case of emergencies, such as sinking or fire.

Book in which is kept a reckoning of items of cargo received or discharged from a hatch or vessel.

A type of water heater that has no storage tank thus eliminating storage tank standby losses. Cold water travels through a pipe into the unit, and either a gas burner or an electric element heats the water only when needed.

A metallic element of atomic weight 200.6 1, unique (for metals) in that it remains liquid under all but very extreme temperatures.

A house built using passive solar design techniques.