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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]
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]
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 ...
Graphical representation of the dimensions used to describe a ship. Length between perpendiculars (often abbreviated as p/p, p.p., pp, LPP, LBP or Length BPP) is the length of a ship along the summer load line from the forward surface of the stem, or main bow perpendicular member, to the after surface of the sternpost, or main stern perpendicular member.
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 ...
Vertical transom and stern of a modern cargo ship. In some boats and ships, a transom is the aft transverse surface of the hull that forms the stern of a vessel. Historically, they are a development from the canoe stern (or "double-ender") wherein which both bow and stern are pointed. Transoms add both strength and width to the stern.
Mexican officials are planning to implement a $42 immigration levy for every passenger on cruise ships that dock in Mexico. Industry experts share why they are against the tourist tax.
In place of the afterdeck, a ship may be built with a poop deck, that is a deck that forms the roof of a cabin built in the rear, or "aft", part of the superstructure of a ship; a poop deck is usually higher up than an afterdeck. A ship may have its superstructure or aftercastle located in the stern and thus not have an afterdeck. The stern and ...