Under U.S. tax law, a corporation created to obtain tax exemption on part of the earnings of U.S. products in foreign markets. Must be set-up as a foreign corporation with an office outside the USA.
A free port in a country divorced from Customs authority but under government control. Merchandise, except that which is prohibited, may be stored in the zone without being subject to import duty regulations.
A sail placed forward of the mast, such as a jib; the sail set from the foremast on a schooner; the lowest square sail on the foremast of Square Riggers.
A support wire running from the upper part of the mast to the bow of the boat designed to pull the mast forward. A forestay that attaches slightly below the top of the mast can be used to help control the bend of the mast. The most forward stay on the boa ...
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