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Defined in WHMIS as a controlled product that is intended for disposal or is sold for recycling or recovery.

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VOYAGE CHARTER

A contract whereby the shipowner places the vessel at the disposal of the charterer for one or more voyages, the shipowner being responsible for the operation of the vessel.

DISPOSAL AREA

Area designated by the Corps of Engineers for depositing dredged material where existing depths indicate that the intent is not to cause sufficient shoaling to create a danger to surface navigation. Disposal areas are shown on nautical charts.

DUMPING GROUND

An area used for the disposal of dredge spoil. Although shown on nautical charts as dumping grounds in United States waters, the Federal regulations for these areas have been revoked and their use for dumping discontinued. These areas will continue to be shown on nautical charts until they are no longer considered to be a danger to navigation

COPPER STRIP CORROSION

A qualitative measure of the tendency of a petroleum product to corrode pure copper.

HYDROMETEOR

Any product of the condensation or sublimation of atmospheric water vapor whether forme

FERROUS HYDROXIDE

The reaction product of iron and water in the absence of oxygen; it remains soluble in the water Fe(OH)2.

FREE ON BOARD

The cost of a product before transportation costs are figured in.

FOREIGN TRADE ZONE

Known in some countries as a free zone, a foreign trade zone (FTZ) is a site within the USA (in or near a U.S. Customs port of entry) where foreign and domestic goods are held until they ready to be released into international commerce. If the final product is imported into the U.S., duties and taxes are not due until the goods are release into the U.S. market. Merchandise may enter a FTZ without a formal Customs entry or the payment of Customs duties or government excise taxes. In the zone, goods may

FTZ

Known in some countries as a free zone, a foreign trade zone (FTZ) is a site within the USA (in or near a U.S. Customs port of entry) where foreign and domestic goods are held until they ready to be released into international commerce. If the final product is imported into the U.S., duties and taxes are not due until the goods are release into the U.S. market. Merchandise may enter a FTZ without a formal Customs entry or the payment of Customs duties or government excise taxes. In the zone, goods may

CUSTODY TRANSFER

All Purchases, Sales and Exchanges involving third parties, or separate affiliated companies. Transfers using third party transportation.Transfers between business functions within an affiliate when there are legal, tax or significant product loss considerations.
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