The risk inherent in holding shares, bonds or other securities whose fortunes are closely allied.

A line drawn on a chart, as a result of a bearing, along which the boat is positioned

Ship Financing Revolving Fund

A winch with the ability to hold and haul a tensioned mooring rope and having a capacity for rope storage, controlled solely by hand.

ISO.

A raised portion of the hull forward of the cockpit intended to prevent water entering.

A non-profit entity that represents the interests of a number of shippers. The main focus of shippers associations is to pool the cargo volumes of members to leverage the most favorable service contract rate levels.

A boom on a jib or staysail.

Blowdown.

Is a compression in which the temperature of a gas remains constant.

A wire or rope contrivance placed around cargo and used to load or discharge it to/from a vessel.

ACRONYM - Compressed natural gas, primarily methane.

A business person who specialises in turning round companies in deep trouble.

Along or around a coast.

Same as two blocks.

A small round platform, smaller than a Crow's Nest, which was placed at the top of the mast to provide a greater range of vision from a ship at sea.

A "C" shaped fitting which can be slipped over the boom, for example, when the sail has been roller reefed to allow the boom vang to be reattached.

On steam vessels has responsibility for the boilers, on diesels, the evaporators and the auxiliary equipment.

A gift or other transfer of value made by an individual which is not covered by any of the various.

A materials handling/storage facility used for completely unitized loads in containers and/or empty containers. Commonly referred to as CY.