Restricted Greater Coasting Service.

Removal of worn or damaged gear and the fitting of new gear in replacement.

To make headway when there is no apparent wind.

Land

Closed System Measurement

Hellenic Register (Greek Class Society)

Maritime Subsidy Board

Limber hole of a ship.

A bank account balance to which the holder has instant access. The holder can withdraw funds by.

In charge of twelve to four watch. Ships navigation officer. Keeps charts (maps) up to date and monitors navigation equipment on bridge.

A Government Act introduced primarily to provide increased protection for investors and to regulate.

A stress that causes two parts of an elastic body. on either side of a typical stress plane, to pull apart. Contrast with compressive stress.

Maritime Institute for Research and Industrial Development.

Pacific Ocean Region (INMARSAT)

A letter of credit forwarded to the beneficiary by the advising bank without engagement on the part of the advising bank.

A letter of credit that allows the beneficiary to transfer in whole or in part to another beneficiary any amount which, in aggregate, of such transfers does not exceed the amount of the credit. Used by middlemen.

The Price/Earnings ratio of a company at the time when it is taken over by another.

The strongest part of a vessel's side, to which the beams, knees, and foot-hooks are bolted. The part between the water's edge and the bulwarks.

A trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment.

The maximum continuous operating pressure as designed by the manufacturer.