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 ...

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.

A solid absorption agent used in deliquescent type dryers.

A device used to keep a person afloat. Also called a life preserver, life vest, PFD or personal floatation device.

Bell used for striking the half hours of each watch.

A gigantic sea animal.

The conversion of mechanical, electrical or magnetic energy into heat.

A projecting aperture at the end of a tube, pipe etc. serving as an outlet for compressed air. Reduces the demand on the compressor by generating the highest thrust and volume for the lowest possible air consumption.

An indicator that signals pressure conditions.

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

Name given to the lowest deck in a ship.

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

Tightly woven cloth used for sails, awnings, covers, dodgers and biminis; slang for sails.

After a seam is caulked, to lay over it a narrow piece of canvas and then pour on hot pitch and tar .

A letter of credit that requires the beneficiary to present only a draft or a receipt for specified funds before receiving payment.

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.

Said to weigh.

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

To ease out or slacken a line, chain or cable or let it run in a controlled manner.

A writ issued by a court; requires that specific things be done.