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Bath Iron Works (BIW) is a major United States shipyard located on the Kennebec River in Bath, Maine, founded in 1884 as Bath Iron Works, Limited. Since 1995, Bath Iron Works has been a subsidiary of General Dynamics , one of the world's largest defense companies.
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".
It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route for tanker or a basket of routes for dry bulk, contracts are traded ‘over the counter’ on a principal-to-principal basis and can be cleared through a clearing house.
The term "free on board", or "f.o.b." was used historically in relation to the transfer of risk from seller to buyer as goods are shipped. [1] There appears to have been an assumption that property and risk would pass from the seller to the buyer at the same time.
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Indian Register of Shipping (IRClass) is an internationally recognised, independent ship classification society, founded in India in 1975. It is a public limited company incorporated under Section 25 of the Indian Companies Act 1956 (Section 8 of Indian Companies Act 2013).
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