This is an INCO term and explains what the price quoted represents and the responsibility of the buyer and seller in relaton to arranging for the various costs associated(e.g. insurance, freight, duties) with the shipment. It is normally used in sea shipm ...

To ease away slowly, as in a line, sheet, or falls of a tackle.

An anchor which has become entangled with some object on the bottom, or, on weighing, has it's rode or chain wound around its stock or flukes.

A mutual fund which invests solely in common stocks of.

The rod connecting the disc to the lever on a valve.

A type of journal bearing in centrifugal air compressors.

The mount and housing for the compass, usually located on the wheel's pedestal.

A long sturdy pole fitted with a blunt hook at one end designed to catch a line when coming alongside a pier or mooring, to facilitate putting a line over a piling, recovering an object dropped overboard, or in pushing or fending off.

Another term used to describe brokerage firms because they earn their living by charging.

Basic raw materials and foodstuffs such as metals, petroleum, coffee, grain.

Ship Financing Revolving Fund

On steam vessels has responsibility for the boilers, on diesels, the evaporators and the auxiliary equipment.

A materials handling/storage facility used for completely unitized loads in containers and/or empty containers. Commonly referred to as CY.

A combination of one or more blocks and the associated tackle necessary to give a mechanical advantage. Useful for lifting heavy loads.

To put out a mooring, hawser or line from a ship to a point of attachment outside her.

The lowest closing price for a specific security over the last 52.

A line drawn on a chart, as a result of a bearing, along which the boat is positioned

Is a compression in which the temperature of a gas remains constant.

To bleed is the operation of draining any water out of a buoy which may have seeped inside after long use at sea.

Wind coming from the south.