General Agency Agreement

An index representing the cost of time chartering a tanker for a specific voyage at a given time. The index is given at Worldscale 100, which represents the price in dollars per ton for carrying the oil at that rate. The negotiated rate will be some perce ...

Laydays can be defined as the days kept aside in a ship’s voyage schedule for loading and unloading of the cargo. Laydays represent the time at which a ship must reach the charterer for cargo operations. Laydays are decided on the basis of the type and ...

Pushing and Towing Purposes.

United Kingdom Mutual

F2D Radio transmission designator.Data transmission using frequency modulation, with a single channel containing quantized or digital information with the use of a modulating sub-carrier. (ALRS)

Group of Seven Nations (United States, Canada, Japan, Britain, France, Germany, and Italy)

The structure of metals as revealed by macroscopic examination of the etched surface of a polished specimen.

A pleasure vessel, a pleasure boat; in American usage the idea of size and luxury is conveyed, either sail or power.

Starboard Aft

To tie a rope about a man and, after passing the rope under the ship and bringing it up on deck on the opposite side, haul away, dragging the man down and around the keel of the vessel. As the bottom of the ship was always covered with sharp barnacles, th ...

Motor Vessel

The combination of a life assurance policy and an annuity on the same life the purpose of which.

Exploration and Production.

Charter Party

International Association of Maritime Institutes

Quality Coordinator.

UK Major Ports Group

A recording hair hygrometer.

Upper Flammable Limit