A letter of credit that requires the beneficiary to present only a draft or a receipt for specified funds before receiving payment.

The ability of a non-water-soluble fluid to form an emulsion with water.

A reversible propeller mounted in a tunnel running through the ship/s hull to give movement athwart-ships.

A coupling pin centered on the front underside of a chassis; couples to the tractor.

A short piece of rope secured in the bow of a small boat used for making her fast.

A phrase with a nautical derivation, meaning a man under the influence of drink or unsteadiness through drink.

The planning and implementation of strategies designed to encourage consumers to improve energy efficiency, reduce energy costs, change the time of usage, or promote the use of different energy source.

To ease out or slacken a line, chain or cable or let it run in a controlled manner.

The names of battles or individual ship actions in which a warship has taken part, usually displayed in a prominent place on a ship as a source of pride in her name. Known as Battle Stars in the U.S. Navy.

Half of a sphere. On the globe hemispheres are used to describe the halves of the earth north or south of the equator.

Openings in the bottom or transom of a boat to drain water when sailing.

The conversion of mechanical, electrical or magnetic energy into heat.

The oxidation of conventional hydrocarbon lubricants when they reach the end of their useful life and begin to breakdown. Can cause operating temperature increase, increase brake horsepower and plugs separator, can destroy air end.

To remain nearly alongside another vessel.

Contraction for Empty Repositioning. The movement of empty containers.

Said of a vessel when she is shipping water on deck and it is running off through scuppers and freeing ports.

A safe anchorage, protected from most storms; may be natural or man-made, with breakwaters and jetties; a place for docking and loading.

Method of payment for goods in which documents transferring title are given the buyer upon payment of cash to an intermediary acting for the seller, usually a commission house.

American Shipbrokers Association

The adjustment of the standing rigging, the sails and the hull to balance the boat for optimum performance.