An officer taking his turn as officer of the watch.

Release of merchandise by a bank to a buyer while the bank retains title to the merchandise. The goods are usually obtained for manufacturing or sales purposes. The buyer is obligated to maintain the goods (or the proceeds from their sales) distinct from ...

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

To turn the boat away from the wind. also Fall Off.

Cargo moving under Customs control where duty has not yet been paid.

A double block where the two sheaves lie in a plane one below the other, rather than alongside each other.

The first plank on the outer hull of a wooden vessel next to the keel. In steel ships, the plating next to the keel, or what is known as strake A.

To temporarily sew the ends of two ropes together for rendering through a block. Also to grip together parts of a fall to prevent running out. To marry strands to prepare for splicing.

The energy in foot pounds required to compress polytropically and to transfer one pound of a given gas from one pressure level to another.

A charge for services performed in connection with floating elevators.- Charges assessed for the handling of grain through grain elevators.

Openings in the bottom or transom of a boat to drain water when sailing.

To continue sailing under the same canvas despite the worsening of the wind.

Measuring point for compressor acceptance test. Pressure at the point of use.

The energy in foot pounds required to compress adiabatically and to deliver one pound of a given gas from one pressure level to another.

A propeller that can have the pitch of its blade changed to reduce drag when not in use.

A shore that wind blows onto; it is best to stay well off a lee shore in a storm

A penalty charge against shippers or consignees for delaying carrier's equipment beyond allowed time. Demurrage applies to cargo; detention applies to equipment. See Per Diem.

An L/C guaranteed by both the issuing and advising banks of payment so long as seller's documents are in order, and the L/C terms are met. Only applied to irrevocable L/C's. The confirming bank assumes the credit risk of the issuing bank.

An absolute temperature scale. ((

An instrument for measuring, testing, or registering.