Glossary

Transportation from one city to another as differentiated from local switching service.

A vessel advertising sailings on a specified trade route on a regular basis. It is not necessary that every named port be called on every voyage.

The penalty a seller must pay if the construction project does not meet contractual standards or deadlines.

The amount in degrees that a vessel tilts from the vertical.

1.06 liquid U.S. quarts or 33.9 fluid ounces.

An organization maintained for the surveying and classing of ships so that insurance underwriters and others may know the quality and condition of the vessels offered for insurance or employment.

Natural gas will liquefy at a temperature of approximately -259 F or -160 C at atmospheric pressure. One cubic foot of liquefied gas will expand to approximately 600 cubic feet of gas at…

An ocean-going ship specially constructed to carry LNG in tanks at 160 C. Current average carrying capacity of LNGs is 125,000 cubic metres. Many LNGCs presently under construction or on order are in…

The waterline corresponding to the maximum draft to which a vessel is permitted to load, either by freeboard regulations, the conditions of classification, or the conditions of service. See also Plimsoll Mark.

Cargo delivered to/from the carrier where origin/destination of the cargo is in the local area.