A term used in conjunction with policies such as low cost endowment assurance and low start.

Remedial Action Projects

Any fixed object that a navigator may use to find his position, such as permanent land or sea markers, buoys, radiobeacons, and lighthouses, and to indicate safe and unsafe waters.

A line on the compass aligned with the centerline of the vessel that indicates the vessel's compass heading. Since it points to the vessel's bow, it enables a course to be steered by bringing the lubber's line to the point on the compass card which indica ...

Marine Accident Reporting Scheme Created by the Nautical Institute NI, the report are anonymous and do not provide any name of persons, ships or companies. The are published monthly in the NI publication 'Seaways'.The reports can be Emailed to mars@nautin ...

Quantity of gas actually compressed and delivered to the discharge system at rated speed of the machine and under rated pressure conditions.

Scavenging

A computer based trading system operating in futures markets incorporating the features of open.

A guarantee issued by a bank, on behalf of a seller to a buyer, in relation to any advance payment that is made by the buyer to the seller to allow the contract to commence. If the contract is not completed the buyer can claim reimbursement of the advance ...

A change in dimensions directly proportional to and in phase with an increase or decrease in applied force.

See bimetallic thermometer.

Public Resolution which requires that U.S. Government financed cargoes (Eximbank) must be shipped 100% in U.S. flag ships, but that the requirement may be waived up to 50% in some cases.

The amount of heat energy needed to raise the temperature of a given mass of a substance by one degree Celsius. The heat required to raise the temperature of 1 kg of water by 1 degree Celsius is 4186 Joules.

Holding oars at right angles to fore and aft line of boat with blades horizontal and parallel to surface of water.

Underwriters Lab.

The pressure exerted by the atmosphere as a consequence of gravitational attraction exerted upon the "column" of air lying directly above the point in question.

See 'state.

Ship supplies.

Personnel Data Decision System.

The main rate of income tax in the UK, which for the year 2002-2003 is 22%. The rate is applied.