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COMMON SHIPPING TERMS
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Yard |
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Fenced off, outdoor storage and repair area.
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Yaw |
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Variation of the course of a ship to port or starboard
caused by the action of waves or wind. |
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Yawl |
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A vessel's small boat moved by one oar
A small sailboat rigged fore-and-aft, with a short mizzenmast astern of the cockpit - distinguished from ketch
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Yield Bucket |
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The remaining slot capacity for a trade/voyage
in a certain port of loading after deduction of
the allowance for specific contracts. |
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Yield Management |
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The process of maximising the contribution of
every slot, vessel, trade and network. Basically
it should be seen as the process of allocating
the right type of capacity to the right kind of
customer at the right price as to maximise revenue
or yield. The concept should be used in combination with load factor management. |
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York - Antwerp Rules |
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There is a general average act when, and only
when any extraordinary sacrifice or expenditure
is intentionally and reasonably made or incurred
for the common safety for the purpose of preserving
from peril the property involved in a common maritime
adventure. |
