Letter Of Credit

Overtime.

Automation and Robotics

Integrated Tug/Barge

Where a seller/shipper issues a 'letter of indemnity' in favour of the carrier in exchange for a clean bill of lading

Food and Drug Administration.

(Free Alongside Ship) (...Named Port of Shipment):A Term of Sale which means the seller fulfills his obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment.This means that the bu ...

Freight rate for shipping container for a particular commodity.

A mooring line fixed to the bow of the boat and leading aft where it is attached to the dock. This prevents the boat from moving forward in its berth. Its opposite, the forward quarter spring line, is used to keep the boat from moving aft in its berth.

Free air delivery. Air at the atmospheric conditions of the site and unaffected by the compressor. Flow is measured at the discharge valve of the compressor, after the aftercooler, the water separator and built in check valve. Capacity and power consumpti ...

American Society of Mechanical Engineers

Steel surround to a hatchway vertically to the deck for preventing water ingress into the hold and to lessen risk for persons.

(See TAUNT.)

Stays running from a masthead to the vessel's side, slanting a little aft. See STAYS.)

The situation of the helm when it is put in the opposite direction from that in which the wind blows.

The component of a solar thermal collector that absorbs solar radiation and converts it to heat, or, as in a solar photovoltaic device, the material that readily absorbs photons to generate charge carriers (free electrons or holes).

Money paid to shipper for charter of a ship (or portion) up to stated limit irrespective of quantity of cargo

Said of an anchor cable when its line angle approximates a continuation of the fore stay line .

Laydays/cancelling

Work done by a man who bustles about doing nothing. Usually amplified by adding "running twice round the scuttle butt and once round the longboat".