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A charterparty (sometimes charter-party) is a maritime contract between a shipowner and a "charterer" for the hire of either a ship for the carriage of passengers or cargo, or a yacht for leisure.
A liner service is one of the two main classifications of merchant shipping, the other being tramp shipping. [1] The service is expected to be regular, scheduled, repeated and published. [ 1 ] From once established the frequency is generally expected to be no more than monthly, the actual frequency depending on the business available.
A ship's draft/draught is the "depth of the vessel below the waterline measured vertically to the lowest part of the hull, propellers, or other reference point". [1] That is, the draft or draught is the maximum depth of any part of the vessel, including appendages such as rudders, propellers and drop keels if deployed.
Affreightment (from freight) is a legal term relating to shipping.. A contract of affreightment is a contract between a ship-owner and a charterer, in which the ship-owner agrees to carry goods for the charterer in the ship, or to give the charterer the use of the whole or part of the ship's cargo-carrying space for the carriage of goods on a specified voyage or voyages or for a specified time.
TANSTAAFL: a plan for a new economic world order by Pierre Dos Utt (1949). The earliest known occurrence of the full phrase (except for the "a"), in the form "There ain't no such thing as free lunch", appears as the punchline of a joke related in an article in the El Paso Herald-Post of June 27, 1938 (and other Scripps-Howard newspapers about the same time), entitled "Economics in Eight Words".
One or more flags form a code word whose meaning can be looked up in a code book held by both parties. An example is the Popham numeric code used at the Battle of Trafalgar . In yacht racing and dinghy racing , flags have other meanings; for example, the P flag is used as the "preparatory" flag to indicate an imminent start, and the S flag ...
The freight interline system is a system of relations between trucking companies, rail, and airline networks. Interline freight is cargo that moves between different transportation companies on its journey from origin to consignee.
Olly olly oxen free" is a catchphrase or truce term used in children's games such as hide and seek, capture the flag, and kick the can to indicate that players who are hiding can come out into the open without losing the game or that the position of the sides in a game has changed [1] (as in which side is on the field or which side is at bat or ...