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A bank that acts as an agent to the seller's bank (the presenting bank). The collecting bank assumes no responsibility for either the documents or the merchandise.

Category:Sea Words

A rate made up of two or more factors, separately published.

Category:Sea Words

A unit used in comparing freight earnings or expenses. The amount earned from the cost of hauling a ton of freight one mile.- The movement of a ton of freight one mile.

Category:Sea Words

A number of yarns, twisted together and which in turn may be twisted into rope; a rope is stranded when a strain is broken; rope may be designated by the number of strands composing. Rope is commonly three-stranded. A vessel run ashore is said to be stran ...

Category:Sea Words

Blue working overalls.

Category:Sea Words

Pup

A short semi-trailer used jointly with a dolly and another semi-trailer to create a twin trailer

Category:Sea Words

Is the ratio of the theoretical work requirement to the actual work required to be performed on the gas for compression and delivery.

Category:Sea Words

Article shipped. For dangerous and hazardous cargo, the correct commodity identification is critical.

Category:Sea Words

The designation provided in a classification by which a class rate is determined.

Category:Sea Words

The charge in a company's accounts which reflects the reduction in value of an asset over time as.

Category:Financial Terms

Represents a complete record of the transaction between exporter and importer with regard to the goods sold. Also reports the content of the shipment and serves as the basis for all other documents about the shipment.

Category:Sea Words

A letter of credit, issued by a foreign bank, whose validity has been confirmed by a domestic bank. An exporter with a confirmed letter of credit is assured of payment even if the foreign buyer or the foreign bank defaults.

Category:Sea Words

One whose occupation is to rig or unrig vessels.

Category:Sea Words

A system in which distilled water, antifreeze, and/or corrosion inhibitors are circulated through a collector and storage tank in a closed loop. Heat picked up from the collector by the circulating fluid is transferred to the storage tank through the clos ...

Category:Sea Words

A rate published to apply to a specific article or articles.

Category:Sea Words

A system in which air supply is matched to demand by the starting and stopping of the unit.

Category:Sea Words

The amount the compass is deflected from the true direction by variation (magnetic) and deviation (metallic influences) together

Category:Sea Words

Is a pipe coming from the top of the airline to feed air to an outlet for tools or air operated devices, so that condensation does not easily flow into the dropleg.

Category:Sea Words

Rate at which unsaturated air cools as it travels vertically, provided that all temperature change is adiabatic (without heat exchange), and no condensation occurs.

Category:Sea Words

A kind of winch, which is applied for deep sea-bed material sampling, and performing the benthonic organism trawl survey.

Category:Technical Terms