Deterioration

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• Magazine: In maritime context, a magazine refers to a compartment or storage area on a ship where ammunition, explosives, and other hazardous materials are stored. Magazines are designed to be fireproof, waterproof, and well-ventilated to prevent acc ... Read More >>
• Currency Hedging: In the maritime context, currency hedging refers to a strategy used by global shipping companies to protect against potential losses that could be incurred due to currency fluctuations. As international shipping involves transactions in mul ... Read More >>
• Non-mechanical Propulsion Systems: Non-mechanical propulsion systems are methods of propelling a vessel that do not rely on mechanical means, such as engines or propellers. These systems include but are not limited to sails, kites, and oars. Non-mechanical propulsion systems ... Read More >>