A bar which projects above the coaming and which bears against a continuous rubber gasket strip set into the hatch panels of steel hatch covers in order to provide a weathertight seal.
May be "local" using a micro-processor or "remote" using a PC (Personal Computer) or "larger" computer. Only recommended where large "swings" in system (process) demand amplitude may occur. Very effective where "load shaping" is an important consideration ...
A letter of credit, issued by a foreign bank, whose validity has been confirmed by a domestic bank. An exporter with a confirmed letter of credit is assured of payment even if the foreign buyer or the foreign bank defaults.
The bank that adds its confirmation to another bank's (the issuing bank's) letter of credit and promises to pay the beneficiary upon presentation of documents specified in the letter of credit.
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