Introduction to a Charter Party

see Peak Watt.

One layer of glass in a window frame. It has very little insulating value (R-1) and provides only a thin barrier to the outside and can account for considerable heat loss and gain.

An option which can only be exercised by the holder at expiry (unlike American style options which.

An insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions.

An accounting term which refers to the amount of income a company receives in the form of interest.

The side-to-side (athwartship) motion of a vessel.

Polytetrafluorethylene.

Closing small leaks in a vessel's underwater body by drawing a sail, filled with oakum, underneath her.

On square-rigged ships, a small light square sail set above the skysail in fair weather. If the sail were triangular, it would be called a Skyscraper.

The horsepower required to isothermally compress the air or gas delivered by the compressor at specified conditions.

A bond sold without the right to the next interest.

An index of the share prices of the 250 largest companies (by market capitalisation) immediately.

A knot formed by taking the strands of the end of a line and tucking them over and under each other to prevent them from unraveling.

(1) Floating, but at mercy of wind and sea. (2) Piercing the hull with a projectile. (3) Taking in sail during a calm.

Letter of credit in which the specified payment is guaranteed by the bank if all terms and conditions are met by the drawee and which cannot be revoked without joint agreement of both the buyer and the seller.

Environmental contaminant that ingresses due to the action of the system or machine.

The policy of selecting stocks for your portfolio partly on the grounds of the ethical or.

The processing of the form or mode of a signal so as to make it intelligible to, or compatible with, a given device.

A non-negotiable bill of lading which states a specific identity to whom the goods should be delivered. See Bill of Lading.