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This glossary of nautical terms is an alphabetical listing of terms and expressions connected with ships, shipping, seamanship and navigation on water (mostly though not necessarily on the sea). Some remain current, while many date from the 17th to 19th centuries. The word nautical derives from the Latin nauticus, from Greek nautikos, from nautēs: "sailor", from naus: "ship".
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Chartering is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from the French "charte partie", or "parted document"). The three main types of charter are: demise charter, voyage charter, and time charter .
Meanings. Science. In the sciences, no free lunch means that the universe as a whole is ultimately a closed system. There is no source of matter, energy, or light that draws resources from something else which will not eventually be exhausted. Therefore, the no free lunch argument may also be applied to natural physical processes in a closed ...
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Procedure word. Procedure words (abbreviated to prowords) are words or phrases limited to radio telephone procedure used to facilitate communication by conveying information in a condensed standard verbal format. [1]
This is a list of the 30 largest container shipping companies as of February 2024, according to Alphaliner, ranked in order of the twenty-foot equivalent unit (TEU) capacity of their fleet. [1] In January 2022, MSC overtook Maersk for the container line with the largest shipping capacity for the first time since 1996. [2] Hanjin Shipping was also one of the biggest but it is now defunct. [3]
A free trade agreement ( FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occur when two countries agree to loosen trade restrictions between the two of them, generally to expand ...