A term used in banking which refers to settlement of payments between accounts both held at the same.

A sailboat with its bow pointed directly into the wind, preventing the sails from filling properly and stopping the boat. It can be very difficult to get a boat that is in irons back under sail. also known as "In Stays".

A vessel is in soundings when she is in sufficiently shallow water for soundings to be made and used as an aid in the vessel's navigation.

A call option with an exercise price below the price of the underlying instrument (e.g..

In transit, or in passage.

Allows foreign merchandise arriving at one port to be transported in bond to another port, where a superseding entry is filed.

The difference between the input quantity applied to a measuring instrument and the output quantity indicated by the instrument. The inaccuracy of an instrument is equal to the sum of its instrument error and its uncertainty.

Inboard

Towards the center line of a ship (towards the center).

These lights use an electrically heated filament to produce light in a vacuum or inert gas-filled bulb.

A state benefit payable after the expiry of state sickness benefit if a person is still unfit to.

A lower-than-usual tariff rate assessed because a shipper offers a greater volume than specified in the tariff. The incentive rate is assessed for that portion exceeding the normal volume.

A stock option, which specifies a set number of shares at a specified option price extending over a.

A common unit used in measurement of atmospheric pressure. Defined as that pressure exerted by a one-inch column of mercury at standard gravity and a temperature of 0'C.

A unit used when measuring atmospheric pressure. 33.86 millibars.

A measurement of vacuum or pressure that is used to measure the airflow restriction.

The amount of solar radiation striking a surface per unit of time and area.

Particles of foreign material in a metallic matrix. The particles are usually compounds (such as oxides, sulfides, or silicates), but may be of any substance that is foreign to (and essentially insoluble in) the matrix.

These are official trade shipping terms agreed by the International Chamber of Commerce, Paris.

Money received by an individual as a salary, or from investments. Cash deposits and bonds will.