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A Transferable Letter of Credit allows the beneficiary to pass on the benfit of a Letter of Credit to one or more third parties. Normally used by companies that source rather than produce goods.

Category:Financial Terms

A business firm which sells its services to organizations which operate vessels

Category:Sea Words

A dust-collection chamber containing numerous permeable fabric filters through which the exhaust gases pass. Finer particulates entrained in the exhaust gas stream are collected in the filters for subsequent treatment/disposal.

Category:Sea Words

A value used to estimate interior air cooling requirements (load) calculated as the number of degrees per day (over a specified period) that the daily average temperature is above 65 degrees Fahrenheit (or some other, specified base temperature). The dail ...

Category:Energy Terms

In a square rigged ship, the act of hauling the head sheets to windward and laying the head-yards flat aback in order to bring the ships head out of the wind while tacking. This is done when helm action alone is insufficient.

Category:Sea Words

Line attached to the bottom of the boom used to flatten the sail by pulling the boom down, and thus tightening the luff of the sail. (2) A line used for hauling down a jib or staysail.

Category:Sea Words

Is the energy a substance possesses by virtue of its motion or velocity. Used primarily in calculations for dynamic and ejector type compressors.

Category:Sea Words

A dynamic compressor. A machine in which air or gas is compressed by the mechanical action of rotating vanes or impellers imparting velocity and pressure to the air or gas. In a centrifugal compressor, flow is in a radial direction. Air enters the compres ...

Category:Sea Words

Waves breaking over rocks or shoals. A wave that approaches shallow water, causing the wave height to exceed the depth of the water it is in, in effect tripping it. The wave changes from a smooth surge in the water to a cresting wave with water tumbling d ...

Category:Sea Words

Shell or body of a ship.

Category:Sea Words

A rail fastened along the inside of the bulwarks of a vessel and pierced to hold belaying pins

Category:Sea Words

The act of taking a ship on the high seas from those lawfully entitled to it.

Category:Sea Words

A harbor restriction placed on a ship which has an infectious disease on board, or which has arrived from a country where such a disease is prevalent. The crew may not go ashore until the ship is granted pratique.

Category:Sea Words

A Marine insurance term to refer to partial loss on an individual shipment from one of the perils insured against, regardless of the balance of the cargo. Particularaverage insurance can usually be obtained, but the loss must be in excess of a certain per ...

Category:Sea Words

Carriers' practice of dividing revenue received from through rates where joint hauls are involved. This is usually according to agreed formulae.

Category:Sea Words

The gap between government spending and revenue and thus the amount that needs to be borrowed. .

Category:Financial Terms

Before any deductions, particularly tax.

Category:Financial Terms

Progress backwards.

Category:Sea Words

Temporarily placed longitudinal bulkheads used to prevent bulk cargo from shifting.

Category:Sea Words

A technique for insulating and sealing exterior walls that reduces vapor diffusion through air leakage points by installing pre-cut blocks of rigid foam insulation over floor joists, sheet subfloor, and top plates before drywall is installed.

Category:Energy Terms