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A sea captain, ship's captain, captain, master, or shipmaster, is a high-grade licensed mariner who holds ultimate command and responsibility of a merchant vessel. [1] The captain is responsible for the safe and efficient operation of the ship, including its seaworthiness, safety and security, cargo operations, navigation, crew management, and ...
Freedom of navigation. Freedom of navigation ( FON) is a principle of law of the sea that ships flying the flag of any sovereign state shall not suffer interference from other states, apart from the exceptions provided for in international law. [1] In the realm of international law, it has been defined as “freedom of movement for vessels ...
General description. A zero coupon swap (ZCS) [1] is a derivative contract made between two parties with terms defining two 'legs' upon which each party either makes or receives payments. One leg is the traditional fixed leg, whose cashflows are determined at the outset, usually defined by an agreed fixed rate of interest.
t. e. A zero-coupon bond (also discount bond or deep discount bond) is a bond in which the face value is repaid at the time of maturity. [1] Unlike regular bonds, it does not make periodic interest payments or have so-called coupons, hence the term zero-coupon bond. When the bond reaches maturity, its investor receives its par (or face) value.
The mail or post is a system for physically transporting postcards, letters, and parcels. [1] A postal service can be private or public, though many governments place restrictions on private systems. Since the mid-19th century, national postal systems have generally been established as a government monopoly, with a fee on the article prepaid.
The mysteriously derelict schooner Carroll A. Deering, as seen from the Cape Lookout lightship on 28 January 1921 (US Coast Guard). A ghost ship, also known as a phantom ship, is a vessel with no living crew aboard; it may be a fictional ghostly vessel, such as the Flying Dutchman, or a physical derelict found adrift with its crew missing or dead, like the Mary Celeste.
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