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Definitions (19)
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ad valorem
In proportion to the value
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allision –
The term used when a vessel hits a fixed object, the vessel is always assumed to be at fault in this case
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bow
The front of a vessel
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capsize
The term used when a vessel is overturned or turned on it’s side
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centennial
The 100th anniversary (or the celebrating of it)
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collision
The term used when two vessels hit
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general average
Declared upon vessel damage, whereupon shippers pay a certain percentage of damage incurred: carrier declares percentage of responsibility by all participants.
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gross tonnage
A vessels overall internal volume
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hms
Her Majesty’s Ship
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knot
Unit of speed equal to one nautical mile per hour (approx 1.151mph)
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