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Below: a lower deck of the ship. [1] Belowdecks: inside or into a ship, or down to a lower deck. [12] Bilge: the underwater part of a ship between the flat of the bottom and the vertical topsides [13] Bottom: the lowest part of the ship's hull. Bow: front of a ship (opposite of "stern") [1]
Shipbuilding contract, which is the contract for the complete construction of a ship, concerns the sales of future goods, so the property could not pass title at the time when the contract is concluded. The aim of shipbuilding contract is to regulate a substantial and complex project which the builders and buyers assume long-term obligations to ...
It is estimated that during the period 2005-2019, the global shipping industry as a whole paid taxes corresponding to an effective corporate income tax rate of 7%, compared to the OECD average corporate tax rate of 23.7%. One of the main reasons for the favorable tax treatment was the tonnage tax arrangements of several countries. [2]
Not until the 1950s was there a new Long Range style shipbuilding program undertaken by the Maritime Commission's successor agency, the U.S. Maritime Administration. That was for the construction of a number of C4 type cargo vessels which also were known as the "Mariner class". Those ships like their predecessors in the prewar Long Range ...
There are some clauses under the sales form protecting the interest of the buyer of the ship. For example, clause 9 of Sale Form 1993 has provided some limited protection for the buyer. Under clause 9, the seller warrants that the vessel is free from all charters, encumbrances, mortgages maritime liens, or any other debts whatsoever at the time ...
Clinker construction is a boat and ship-building method in which the hull planks overlap and are joined by nails that are driven through the overlap. These fastenings typically go through a metal rove over which the protruding end of the nail is deformed in a process comparable to riveting the planks together.
Merritt-Chapman & Scott, nicknamed "The Black Horse of the Sea", was a noted marine salvage and construction firm of the United States, with worldwide operations. The chief predecessor company was founded in the 1860s by Israel Merritt, but a large number of other firms were merged in over the course of the company's history.
The Spearhead-class expeditionary fast transport (EPF) is a United States Navy–led shipbuilding program to provide a high-speed, shallow draft vessel intended for rapid intra-theater transport of medium-sized cargo payloads. The EPFs can reach speeds of 35–45 knots (65–83 km/h; 40–52 mph), and allow the rapid transit and deployment of ...