Rules for letters of credit drawn up by the Commission on Banking Technique and Practices of the International Chamber of Commerce in consultation with the banking associations of many countries. See Terms of Payment.
The consolidation of a quantity of individual items into one large shipping unit for easier handling.- Loading one or more large items of cargo onto a single piece of equipment, such as a pallet.
The air compressor continues to run, usually at full RPM, but no air is delivered because the inlet is either closed off or modified, not allowing inlet air to be trapped.
A space where alarm bells are installed on the bridge of a ship to trace or rectify any machinery faults. The computerized devices will report any fault immediately it appears and the engineers on board can attend to the necessary ramifications.
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