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Maritime; Ocean shipping

Keeping the ship and its cargo floating in the water in proper trim.

Ryon-Un Maru

Maritime; Ocean shipping

A Japanese ghost ship, the Ryou-Un Maru, appeared in Alaskan waters on April 5, 2012. The ship, which had been drifting at 1 mile per day, was lost at sea after being set adrift ...

capital construction fund (CCF)

Maritime; Ocean shipping

A tax benefit for operators of u. S. -built, u. S. -flag ships in the u. S. Foreign, great lakes, or noncontiguous domestic trades, by which taxes may be deferred on income ...


Maritime; Ocean shipping

A raised bridge running fore and aft from the midship, and called "walkway. " it affords safe passage over the pipelines and other deck obstructions.

certificate of inspection

Maritime; Ocean shipping

A certificate usually required for industrial equipment and meat products. There are companies in every port city that specialize in issuing certificates of inspection for ...


Maritime; Ocean shipping

A customs document permitting the holder to carry or send merchandise temporarily into certain foreign countries without paying duties or posting bonds.

cargo retention clauses

Maritime; Ocean shipping

Clauses introduced by charterers based on shortage of delivered cargo because of increased oil prices.