A new letter of credit issued to another beneficiary on the strength of a primary credit. The second L/C uses the first L/C as collateral for the bank. Used in a three-party transaction.

An agreement to hold a carrier harmless with regard to a liability.

A sail set forward of the foremast on the headstay; a foresail

A lower-than-usual tariff rate assessed because a shipper offers a greater volume than specified in the tariff. The incentive rate is assessed for that portion exceeding the normal volume.

One of the large square openings in the deck of a ship through which freight is hoisted in or out, and access is had to the hold.

A tube with a narrow throat (a constriction) that increases the velocity and lowers the pressure of the liquid passing through it, creating a partial vacuum immediately after the constriction in the tube. The vacuum created has a sucking effect, and a ven ...

To assemble passengers and/or crew.

The relationship of flow per unit area to differential pressure across a filter medium.

Stout line or cable fore and aft around the deck of the boat to keep crew from falling overboard.

Time saved, reward for quick turnaround in dry cargo only.

The distance the bow of a boat is forward of another's stern

A train of a specified number of railcars, perhaps 100, which remain as a unit for a designated destination or until a change in routing is made.

A cap for the top of the mast.

Compressors of 20 HP or less, generally combined with all the components required to put the into operation.

Machines cooled by water circulated through jackets surrounding the cylinders or casings.

Direction from which the wind is blowing; an unsailable sector between close hauled headings.

Refers to the direction in which a line goes.

A boat owner's private pennant.

In railcar or container shipments, the weight of the empty railcar or empty container.

The sovereign power to take property for a necessary public use, with reasonable compensation.