The passage during which the tanker is carrying cargo. … [Read more...]
Load on Top Procedure
Load on top is the shipboard procedure of collecting and settling water and oil mixtures, resulting from ballasting and tank cleaning operations (usually in a special slop tank or tanks), and subsequently loading cargo on top of and pumping the mixture ashore at the discharge port. … [Read more...]
Load on Top Practice
Load on top is the act of commingling onboard quantity with cargo being loaded. … [Read more...]
Load on Top
Loading of cargo oil on top of cargo residue slops that have been processed according to established LOT procedures. … [Read more...]
Load Line
The maximum draft to which the vessel may load. The line on a vessel indicating the maximum depth to which that vessel can sink when fully loaded with cargo. Also known as its marks. … [Read more...]
Load Displacement
The displacement of a vessel when it floats at its loading draft. … [Read more...]
Lloyd’s Register of Shipping
British classification society. … [Read more...]
List
The leaning of the vessel to the port or starboard. … [Read more...]
Limited Liability
The law that permits a shipowner to restrict his liability to the value of this vessel after the accident plus the earnings for the voyage. … [Read more...]
Lightering
Conveying cargo with another vessel known as a lighter from a ship to shore, or voyage. … [Read more...]