A nautical astronomical observation of the sun, moon, or a star, by which means a vessel's position can be determined. The sight was taken with a sextant at a specific time, determined by a chronometer.

Fresh bread.

First voyage of a ship.

An organization established by the members of an ocean conference acts as a self-policing force with broad authority to investigate tariff violations, including authority to scrutinize all documents kept by the carriers and their personnel. Violations are ...

A trust which has been registered with the appropriate authority and which enjoys income tax.

To carry sail to the full limit of strength of masts, yards, and tackles.

Small, circular sheets of newly-formed ice that do not impede navigation.

A flexible strip used for fairing lines.

Heavy canvas used as a covering.

An account, with a bank (or additionally a building society in the UK) into which deposits are made.

An options strategy involving four strike prices that has both limited risk and limited profit.

Running directly before wind and sea.

Snappy, seamanlike; a smart ship is an efficient one.

Pounds per square inch, gauge. Pressure indicated by a pressure gauge.

A valve which enables pressure to be reduced, or kept constant at a desired level.

To measure the depth of the water with a lead. Also said of a whale when it dives to the bottom.

Arrangements with a carrier for the acceptance and carriage of freight; i.e., a space reservation.

A bank jointly owned by a number of other banks. An increasingly unfashionable way for small banks.

A vessel's station bill showing duties of crew.

Response to an offer which varies the terms or conditions of that offer.