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A legally binding agreement between two or more persons/organizations to carry out reciprocal obligations or value.

Category:Sea Words

Blocks of wood made to fit in the hawse-holes, or holes in the half-ports, when at sea. Those in the hawse-holes are sometimes called hawse-blocks.

Category:Sea Words

Galley smokestack or chimney.

Category:Sea Words

Working Party on Surveyors Reporting and Certification (IACS)

Category:Abbreviations

Depth measured; the number indicating depth on a chart; the process of measuring fuel or water in ships' tanks. A ship is thought to be "in soundings" when she is inside the 100 fathom line, and "off soundings" when she is outside that line. ...

Category:Sea Words

A term used by the London Stock Exchange to denote that a trade was reported for a transaction.

Category:Financial Terms

A block with a single sheave which is hinged and opens on the side so that the bight of a line can be led into the block and closed without running the whole length through

Category:Sea Words

Insurance which gives cover in respect of the contents of a home. This includes damage, theft or.

Category:Financial Terms

Pair of hooks linked together and attached to a crane.

Category:Sea Words

In the US a company can file for protection under Chapter 11 of the country's bankruptcy laws. The.

Category:Financial Terms

Ships time was counted by the half hour, starting at midnight. A half hour after twelve was one bell; one o'clock, two bells; and so on until four o'clock, which was eight bells. The counting then started over again, with 4

Category:Sea Words

Solar energy conversion technologies that convert solar energy to electricity, by heating a working fluid to power a turbine that drives a generator. Examples of these systems include central receiver systems, parabolic dish, and solar trough.

Category:Energy Terms

A short term note issued by banks and corporations with a range of maturities from 30 days to 270.

Category:Financial Terms

An apparatus that replicates the solar spectrum, and used for testing solar energy conversion devices.

Category:Energy Terms

All matter consists of molecules which are in constant motion, but which are held together by molecular forces. In a solid the molecules are closely packed and arranged in such a pattern that the influence of the molecular forces is very strong. This give ...

Category:Sea Words

A futures transaction where an equal and opposite trade closes an open position. This leaves a.

Category:Financial Terms

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

Category:Sea Words

Also known as (U.S.) Federal Bill of Lading Act of 1916. U.S. federal law enacting conditions by which a B/L may be issued. Penalties for issuing B/L's containing false data include monetary fines and/or imprisonment.

Category:Sea Words

A bond that can be converted into shares of the issuing company or its.

Category:Financial Terms

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

Category:Sea Words