The value of a shipment agreed upon in order to secure a specific freight rate.


Related Terms

PADLOCK

An unmounted lock with a shackle that can be opened and closed; the shackle is usually passed through an eye, then closed to secure a hasp.

LOCKNUT

[DESENG] 1.A nut screwed downfirmly against another or against a washer to prevent loosening. Also known as jam nut. 2. A nut that is self-locking when tightened. 3. A nut fitted to the end of a pipe to secure it and prevent leakage.

BELAY

To secure a rope by winding on a pin or cleat

OUTRIGGER

A spar extended from side of ship to help secure mast

BATTEN DOWN

Secure hatches and loose objects both within the hull and on deck.

GASKET

A rope used to secure a sail (particularly the topsail) when stowed

SECURE

To make fast.

ANCHOR

A device used to secure a ship to the sea floor

TO ANCHOR

To use the anchor to secure a ship to the sea floor. If more than one anchor is used the ship is moored.

HATCH BATTENS

Flat bars which are wedged against hatch coamings to secure tarpaulin

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