The buying or selling of underlying instruments such as commodities, securities and currencies etc.

Same as evaporative power.

Compartment in the hold of a containership into which a shipping container fits exactly.

Shipper's communication(s) to its agent and/or directly to the international water-carrier. Instructions may be varied, e.g., specific details/clauses to be printed on the B/L, directions for cargo pickup and delivery.

A white navigation light carried by vessels under way at night to indicate their presence and give an indication of their course.

Is a process taking place without any heat exchange with the surroundings.

This type of clause covers merchandise if the damage amounts to three percent or more of the insured value of the package or cargo. If the vessel burns, sinks, collides, or sinks, all losses are fully covered. In marine insurance, the word average describ ...

The amount of precipitation falling in one day, or other specified period, that is likely to be equalled or exceeded in any given place only once in a century. That is, a precipitation amount that has a return period of 100 years.

Let the sail out by easing the sheet.

Sufficient movement through the water to allow the boat to be controlled and steered by the rudder.

2,000 pounds.

A heating system in which steam or hot water for space heating or hot water is piped from a central boiler plant or electric power/heating plant to a cluster of buildings.

A glazed structure, such as greenhouse or "sunspace."

The amount chargeable to capital gains tax (CGT) from gains made on the disposal of an asset. In.

People resident and domiciled in the UK are liable to income tax from their world-wide income.

A sudden, significant increase in station pressure.

The lowest charge that can be assessed to transport a shipment.

To bring a sailing vessel to a stop with her sails still set. This can be accomplished on a square rigged ship by bracing the yards aback on her foremast; on fore-and-aft rigged boats it is done by bringing her head into the wind so that the sails are no ...

The German central.

A device designed to enable accumulated liquids to be held for draining in a compressed air system.