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Sea of Thieves is a 2018 action-adventure game developed by Rare and published by Xbox Game Studios. The player assumes the role of a pirate who completes voyages from different trading companies . The multiplayer game sees players explore an open world via a pirate ship from a first-person perspective .
Chartering is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from French charte partie 'parted document').
Baltic Dry Index measures the cost for shipping goods such as iron ore and grains. The trading volume of dry freight derivatives, a market estimated to be worth about $200 billion in 2007, grew as those needing ships attempted to contain their risks and investment banks and hedge funds looked to make profits from speculating on price movements.
The sale and purchase of a ship is one of the most complicated procedures in the shipping industry - far more complicated compared to a new building contract of a ship for example. The S&P contract involves different kinds of professional knowledge as well as strong negotiation skills.
A trade route is a logistical network identified as a series of pathways and stoppages used for the commercial transport of cargo. The term can also be used to refer to trade over bodies of water.
FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
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The typical pirate crew was an unorthodox mixture of former sailors, escaped convicts, disillusioned men, and possibly escapee or former slaves, among others, looking for wealth at any cost; once aboard a seafaring vessel, the group would draw-up their own ship- and crew-specific code (or articles), which listed and described the crew's ...