A purchase (block and tackle) for hoisting a boat to its davits.

Articles packed so that one rests partially or entirely within another, thereby reducing the cubic-foot displacement.

Snappy, seamanlike; a smart ship is an efficient one.

A blast of from 4 to 6 seconds' duration.

A formal notice to the writer of an option from a clearing house that an option has been exercised.

A mortgage which guarantees the interest rate charged will remain a set number of percentage points.

A sudden squall of wind accompanied by lightning.

A common measurement of the internal volume of a ship with certain spaces excluded. One ton equals 100 cubic feet; the total of all the enclosed spaces within a ship expressed in tons each of which is equivalent to 100 cubic feet.

The last part of a rope or last link in an anchor chain.

Arrangements with a carrier for the acceptance and carriage of freight; i.e., a space reservation.

Running directly before wind and sea.

The world's largest exchange for futures contracts, in terms of the number of contracts traded.

An approach by a salesperson to a prospect (prospective buyer) either by telephone or in person.

The turbulent effect of air on the lee side of a sail when trimmed in too far.

See CFS.

An old naval saying to indicate those young men who, through birth or connection, were able to enter the Royal Navy without examination. Their subsequent promotion was assured.

To measure the depth of the water with a lead. Also said of a whale when it dives to the bottom.

A wooden wedge fitting into a drainage hole in the bottom of a boat for the purpose of draining the boat when she is out of water.

A document issued by an adviser/broker to a client outlining the basis of the relationship and.

The point of equilibrium of the total weight of a containership, truck, train or a piece of cargo.