Financial Transactions

Financial transactions refer to the exchange of money or assets between two or more parties. In the maritime context, financial transactions can include the buying and selling of ships, the payment of port fees and tariffs, the financing of vessel construction or repair, and the transfer of ownership of vessels. These transactions can involve various financial instruments such as letters of credit, bills of lading, and insurance policies. The maritime industry relies heavily on financial transactions to facilitate the movement of goods and people across the world's oceans.
Your Previous Searches
Random Picks
  • Distress Signals: Distress signals are a set of visual or audio signals used by ships and other maritime vessels to indicate that they are in distress and require immediate assistance. These signals are recognized internationally and are used to communicate ... Read More >>
  • Sagging: Sagging is a term used in naval architecture to describe the deformation of a ship's hull that occurs when the weight of the cargo or other equipment on board causes the middle of the ship to bend downward. This can lead to a reduction in t ... Read More >>
  • FO (IFO): FO (Fuel Oil) or IFO (Intermediate Fuel Oil) is a type of marine fuel that is used in large ships such as tankers, container ships, and bulk carriers. It is a heavy, viscous, and residual oil that is produced from crude oil after the distil ... Read More >>
Top News

Captain Cook's Endeavour confirmed to be in Rhode Island waters...

The location of the HMS Endeavour, a lost ship belonging to 18th-century British explorer Captain James Cook, has been confirmed as Rhode Island's Newport Harbor....

News Source: CBS News on 2025-06-17

Mapping Iran’s oil and gas sites and those attacked by Israel...

Iran is a top 10 oil and gas producer, making its energy sites crucial to both regional and global markets....

News Source: Al Jazeera English on 2025-06-17

Ships collide in Hormuz Strait in shadow of Israel-Iran war...

Incident in strategic waterway said to be 'not security related' despite potential effects of conflict....

News Source: Al Jazeera English on 2025-06-17

How else could Iran retaliate over the ongoing Israeli strikes targeting the cou...

As Israel pounds Iran with airstrikes targeting military facilities and its nuclear sites, officials in Tehran have proposed a variety of steps the Islamic Republic could take outside of launching ret...

News Source: ABC News on 2025-06-17

Wall Street isn’t freaking out about Israel and Iran yet. The Strait of Hormuz...

Global markets have remained relatively calm amid the escalating tensions between Israel and Iran. But that sentiment could quickly shift, according to experts, if the conflict affects the Strait of H...

News Source: CNN on 2025-06-17