An old three-masted vessel used in the Mediterranean.

Abbreviation for the "Uniform Customs and Practice for Documentary Credits," published by the International Chamber of Commerce. This is the most frequently used standard for making payments in international trade; e.g., paying on a Letter of Credit. It i ...

[meaning]

The point of the celestial sphere which is directly overhead.

Revenue per day

Society of Automotive Engineers.

Abbreviation for "Independent Action." The right of a conference member to publish a rate of tariff rule that departs from the Agreement's common rate or rule.

Receipt made by Chief Officer, stating the quantity and condition of goods loaded.

To tie a rope about a man and, after passing the rope under the ship and bringing it up on deck on the opposite side, haul away, dragging the man down and around the keel of the vessel. As the bottom of the ship was always covered with sharp barnacles, th ...

Charter Party

A pleasure vessel, a pleasure boat; in American usage the idea of size and luxury is conveyed, either sail or power.

[meaning]

Volume flow rate measured in liters per second

A term stated on the bills of lading offering lower shipping rates to importers east of the Rockies, provided merchandise from the Far East comes in through the West Coast ports. OCP rates were established by U.S. West Coast steamship companies in conjunc ...

Abbreviation for "Weight or Measurement;" the basis for assessing freight charges. Also known as "worm." The rate charged under W/M will be whichever produces the highest revenue between the weight of the shipment and the measure of the shipment. ...

A measurement. Outside diameter.

A place for the reception, delivery, consolidation, distribution, and storage of goods/cargo.

A gentle breeze; the slightest movement of air.

International Maritime Dangerous Goods Code. The regulations published by the IMO for transporting hazardous materials internationally.

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