See letters of credit for a full explanation

Instructions given by a shipper to a bank indicating that documents transferring title to goods should be delivered to the buyer only upon the buyer's acceptance of the attached draft.

An indication on a draft that the documents attached are to be released to the drawee only on payment.

Department Of Defense

Screen of cloth or other material to give the crew protection against the weather, wind and water spray.

Department Of Energy

A computer software program that simulates energy consumption of commercial buildings; used for design and auditing purposes.

Heavy latch by which doors, hatches, portholes, etc., are secured; verb - to latch

see Watch

An old salt I know uses this term in reference to a "tangled mess of lines".

The short deckhouse or main hatchway which is raised above the level of the cabin top or coachroof.

Department Of the Interior

The area of calm which lies inside the trade winds near the equator.

The belt on each side of the Equator in which little or no wind ordinarily blows.

In the US, a plan which enables investors to accumulate shares in stock or a mutual fund by.

A set of wheels that support the front of a container; used when the automotive unit is disconnected.

A mooring buoy or spar. A group of piles driven close together and bound with wire cables into a single structure.

A cluster of piles for mooring.

A short spar under the cap of the bowsprit used for holding down a jib boom.

An architectural design invented by Buckminster Fuller with a regular polygonal structure based on radial symmetry.