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.

(1) Order to men at the mast to extend themselves at intervals along a yard. (2) To keep a vessel at a certain place until a specified time has elapsed.

A space heating device that burns pellets; are more efficient, clean burning, and easier to operate relative to conventional cord wood burning appliances.

The electric current that flows between metals or conductive nonmetal in a galvanic couple.

To cause the land to sink below horizon by sailing away from it.

Special Periodical Survey of Inert Gas System

To Be Scrapped

The volatility of the underlying instrument implied by the market value option's.

The element directly responsive to the value of the measured variable.

Abbreviation for "Over, Short or Damaged" Usually discovered at cargo unloading.

A vessel specifically constructed for, or used in conjunction with, operations associated with the laying of submarine pipelines.

Is one in which the space occupied by the mixture is saturated with water vapor at the mixture temperature.

Estonia (flag).

European Vessel2. European currency

Measure of alkalinity or acidity in water and water containing fluids. Can be used to determine the corrosion inhibiting characteristic in water based fluids. Typically, pH > 8.0 is required to inhibit corrosion of iron and ferrous alloys in water based f ...

(1) Possessing a marked ability to accelerate the condensation of water vapor; applied to condensation nuclei composed of salts that yield aqueous solutions of a very low equilibrium vapor pressure compared with that of pure water at the same temperature. ...

A loan which the lender can recall at any time. There is no specific maturity.

Contract Regarding an Interim Supplement to Tanker Liability.

Liberian Shipping Council

A small boat intended to be used only for short sails or racing.