Money paid to shipper for charter of a ship (or portion) up to stated limit irrespective of quantity of cargo.


Related Terms

TWA

Time Weighted Average

NO-GO GAGE

A limit gage designed not to fit a part being tested; usually employed with a go gage to set the acceptable maximum and minimum dimension limits of the part.

LIMIT VELOCITY

In armor and projectile testing, the lowest possible velocity at which any one of the complete penetrations is obtained; since the limit velocity is difficult to obtain, a more easily obtainable value, designated as the ballistic limit, is usually employed.

INELASTIC BUCKLING

Sudden increase of deflection or twist in a column when compressive stress reaches the elastic limit but before elastic buckling develops.

HORIZONTAL DANGER ANGLE

The maximum or minimum angle between two points on a chart, as observed from a vessel, indicating the limit of safe approach to an off-lying danger.

HIGH SEA

All water beyond the outer limit of the territorial sea. Although the high seas are in part coextensive with the waters of the contiguous zone, the fishing zone, and those over the continental shelf, freedom of the seas is not invalidated by the zonal overlap.

VAPOR PRESSURE-REID (RVP)

Measure of the pressure of vapor accumulated above a sample of gasoline or other volatile fuel in a standard bomb at 100°F (37.8°C). Used to predict the vapor locking tendencies of the fuel in a vehicle's fuel system. Controlled by law in some areas to limit air pollution from hydrocarbon evaporation while dispensing.

DIFFERENTIAL PRESSURE RELIEF VALVE

A valve whose primary function is to limit differential pressure.

INFINITESIMAL

1. Immeasurably small. 2. Approaching zero as a limit

PLIMSOLL LINE

A special marking, positioned amidships, that indicates the draft of the vessel and the legal limit to which the vessel may be loaded for specific water types and temperatures.

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