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Measured from the most forward part of the fore end to the most after part of the after end of the hull.
![](https://www.marineterms.com/media/com_mtree/images/noimage_thb.png)
A measure of air purity that is equal to one complete air change (in an interior space).
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This is an irreversible guarantee given by the buyer's bank to pay a specific amount of money immediately or on a future date to the seller when he or she presents specific documents before a certain date and under the International Chamber of Commerce ru ...
![](https://www.marineterms.com/media/com_mtree/images/noimage_thb.png)
A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time. Some of the specific descriptions a ...
![](https://www.marineterms.com/media/com_mtree/images/noimage_thb.png)
A new letter of credit issued to another beneficiary on the strength of a primary credit. The second L/C uses the first L/C as collateral for the bank. Used in a three-party transaction.
![](https://www.marineterms.com/media/com_mtree/images/noimage_thb.png)
A letter of credit that requires the beneficiary to present only a draft or a receipt for specified funds before receiving payment.
![](https://www.marineterms.com/media/com_mtree/images/noimage_thb.png)
An L/C guaranteed by both the issuing and advising banks of payment so long as seller's documents are in order, and the L/C terms are met. Only applied to irrevocable L/C's. The confirming bank assumes the credit risk of the issuing bank.
![](https://www.marineterms.com/media/com_mtree/images/noimage_thb.png)
A letter of credit issued for the purchase and financing of merchandise, similar to acceptance-type letter of credit, except that it requires presentation of sight drafts payable on an installment basis.
![](https://www.marineterms.com/media/com_mtree/images/noimage_thb.png)
An instrument that, once established, cannot be modified or cancelled without the agreement of all parties concerned.
![](https://www.marineterms.com/media/com_mtree/images/noimage_thb.png)
A revolving letter of credit that prohibits the amount not used during the specific period from being available afterwards.
![](https://www.marineterms.com/media/com_mtree/images/noimage_thb.png)
A condition within the letter of credit which restricts its negotiation to a named bank.
![](https://www.marineterms.com/media/com_mtree/images/noimage_thb.png)
An instrument that can be modified or cancelled at any moment without notice to and agreement of the beneficiary, but customarily includes a clause in the credit to the effect that any draft negotiated by a bank prior to the receipt of a notice of revocat ...