Bank that opens a straight or negotiable letter of credit and assumes the obligation to pay the bank or beneficiary if the documents presented are in accordance with the terms of the letter of credit.

Depending upon as a condition

A series of sound signals required by COLREGS to prevent collisions at sea.

A vessel formed of two or more hulls. A catamaran has two hulls, and a trimaran has three hulls.

The joining of two timbers by beveling the edges so the same thickness is maintained throughout the length of the joint.

Shell or body of a ship.

A Marine insurance term to refer to partial loss on an individual shipment from one of the perils insured against, regardless of the balance of the cargo. Particularaverage insurance can usually be obtained, but the loss must be in excess of a certain per ...

Place where loose or other non-containerized cargo is ungrouped for delivery.

Carriers' practice of dividing revenue received from through rates where joint hauls are involved. This is usually according to agreed formulae.

A positive displacement type compressor.

2,204.6 pounds or 1,000 kilograms.

Pounds per square inch, absolute.

To break into a conversation.

A dining room on a ship.

A business firm which sells its services to organizations which operate vessels

A unit designed to separate condensate from the compressed air stream.

A safety device used to prevent or stop unwanted flames.

Small iceberg that has broken away from a larger iceberg.

To sail too close to the wind so that the sails start to luff.

Fitted with drilling rig (oil derrick with rotary drill and a mud pumping system), drilling for petroleum.