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A moral, rather than a contractual commitment by a bank to provide a loan to a borrower up to a.

Category:Financial Terms

A hygrometer using goldbeater's skin as the sensitive element. Variations of the physical dimensions of the skin caused by its hygroscopic character indicate relative humidity. (Note: Goldbeater's skin is the prepared outside membrane of the large intesti ...

Category:Meteorology

A computer based trading system operating in futures markets incorporating the features of open.

Category:Financial Terms

FAS

Free Alongside Ship Free Alongside Ship means that the seller delivers when the goods are placed alongside the vessel at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that mom ...

Category:Abbreviations

The demand on, or the power output of, an electrical system or any of its parts over an interval of time, as determined by the total number of kilowatt-hours divided by the units of time in the interval.

Category:Energy Terms

The temperature of a body referred to the absolute zero, at which point the volume of an ideal gas theoretically becomes zero. (Fahrenheit scale is minus 459.67

Category:Sea Words

A deviation to move cargo on the return leg of a voyage for the purpose of minimizing ballast mileage and thereby reducing transportation costs.

Category:Sea Words

NL

No Liner On Tailshaft

Category:Abbreviations

See aneroid capsule.

Category:Meteorology

In reference to solar energy systems, the angle at which direct sunlight strikes a surface; the angle between the direction of the sun and the perpindicular to the surface. Sunlight with an incident angle of 90 degrees tends to be absorbed, while lower an ...

Category:Energy Terms

VPP

Variable Pitch Propeller

Category:Abbreviations

A person appointed by a company to perform an audit. In the UK auditors are Chartered.

Category:Financial Terms

ODS

Operating Differential Subsidy: A direct subsidy paid to U.S.-flag operators to offset the high operating cost of U.S.-flag ships when compared to foreign-flag counterparts.

Category:Abbreviations

Corrosion that occurs under organic films in the form of randomly distributed threadlike filaments or spots. In many cases this is identical to filiform corrosion.

Polarization of the cathode; change of the electrode potential in the active (negative) direction due to current flow; a reduction from the initial potential resulting from current flow effects at or near the cathode surface. Potential becomes more active ...

Non-Condensing

Category:Abbreviations

An insolvency practitioner appointed when a company goes into receivership. If a company is.

Category:Financial Terms

Ship supplies.

Category:Sea Words

A generic term for microstructures formed by diffusionless phase transformation in which the parent and product phases have a specific crystallographic relationship. Martensite is characterized by an acicular pattern in the microstructure in both ferrous ...

The total gas pressure (static plus velocity).

Category:Sea Words