The results reported by a company for a full financial year.

See 'futures.

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 letter of credit that allows the beneficiary to transfer in whole or in part to another beneficiary any amount which, in aggregate, of such transfers does not exceed the amount of the credit. Used by middlemen.

Hard surfaced area of the quay on which shipping containers are assembled before loading.

(At point of sale) (EFTS) An electronic payment system in which a plastic card is used to purchase goods or services. .

Corrosion at discrete sites, stress-corrosion cracking.

The ratio of the indicated power to shaft input.

Maritime Institute for Research and Industrial Development.

Direct

A rainbow seen in the spray of the ocean. It is optically the same phenomenon as the ordinary rainbow.

Transport International par la Route. Road transport operating agreement among European governments and the United States for the international movement of cargo by road. Display of the TIR carnet allows sealed containerloads to cross national frontiers w ...

Are categorized as internal or external heat reactivated. Internal type - Process air enters the dryer through the inlet piping, is then dried as it passes through the desiccant bed, and discharges through the outlet piping as dry air. Regeneration of the ...

A notation on a bill of lading that the cargo has been stowed on the open deck of the ship.

The point where the bottom and the sides of a ship join.

See: 'endowment.

The resistance to movement. (2) An anchor drags when its flukes do not hold.

Visible at magnifications above 25x.

To make headway when there is no apparent wind.

A rope passed round a man in the chains, while sounding.