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Shipping markets. The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.
The International Code of Signals ( INTERCO) is an international system of signals and codes for use by vessels to communicate important messages regarding safety of navigation and related matters. Signals can be sent by flaghoist, signal lamp ("blinker"), flag semaphore, radiotelegraphy, and radiotelephony. The International Code is the most ...
International reply coupon. An international reply coupon (IRC) is a coupon that can be exchanged for one or more postage stamps representing the minimum postage for an unregistered priority airmail letter of up to twenty grams sent to another Universal Postal Union (UPU) member country. IRCs are accepted by all UPU member countries.
IATA codes are abbreviations that the International Air Transport Association (IATA) publishes to facilitate air travel. They are typically 1, 2, 3, or 4 character combinations (referred to as unigrams, digrams, trigrams, or tetragrams, respectively) that uniquely identify locations, equipment, companies, and times to standardize international ...
The 1840s. The first regular steamship service from the west to the east coast of the United States began on February 28, 1849, with the arrival of the SS California in San Francisco Bay. California left New York Harbor on October 6, 1848, rounded Cape Horn at the tip of South America, and arrived at San Francisco, California after a 4-month 21 ...
General description. A zero coupon swap (ZCS) [1] is a derivative contract made between two parties with terms defining two 'legs' upon which each party either makes or receives payments. One leg is the traditional fixed leg, whose cashflows are determined at the outset, usually defined by an agreed fixed rate of interest.
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