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Futures Contract
In the maritime context, a futures contract is a standardized legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. The buyer of the futures contract is taking on the obligation to buy and receive the underlying asset when the futu... Read More >>
Forward Contract
In the maritime context, a Forward Contract refers to a private agreement between two parties to buy or sell a specific quantity of a commodity, currency, or other financial instruments at a specified price, with delivery and payment to occur at a specified future date. The price agreed upon is call... Read More >>
Articles
Foreign Exchange Risk
In the maritime context, Foreign Exchange Risk, also known as currency risk, refers to the potential for financial loss due to fluctuation in the exchange rate of one currency in relation to another. This risk is particularly relevant to the shipping industry, which operates in a global market and d... Read More >>
Options Contracts
In the maritime context, Options Contracts refer to a type of financial derivative used in the shipping industry. These contracts give the holder the right, but not the obligation, to buy or sell a specified amount of a commodity, in this case, shipping capacity or freight rates, at a predetermined ... Read More >>
Futures Contracts
In the maritime context, futures contracts refer to a standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, between parties not known to each other. The item in question in the maritime industry is often a commodity like oil, gas, or grain.... Read More >>
Today's Picks
Flag State
Flag State refers to the country under whose laws a ship is registered or licensed. The flag state has the authority and responsibility to enforce regulations over vessels registered under its flag, including safety, security, and environmental standards. The flag state also has the power to investi... Read More >>
Short Stay
Short Stay refers to a period of time during which a vessel remains in a port or anchorage for a brief duration, typically less than 24 hours. Short Stay is often used for vessels that are engaged in activities such as loading or unloading cargo, taking on supplies, or undergoing minor repairs. Duri... Read More >>
Satellite-based Navigation System
A satellite-based navigation system is a system that uses satellites to provide autonomous geo-spatial positioning with global coverage. These systems use a network of satellites to provide precise location and timing information to receivers on the ground, sea, or air. The most widely known satelli... Read More >>
Top News
China launches large-scale war games all around Taiwan...
China's launches drills around Taiwan to "severely punish" the island's pro-independence leader, as the U.S. boosts its war footing in Japan to deter Chinese "aggression."...
News Source: CBS News on 2025-04-01
Chinese military launches large-scale drills around Taiwan...
The Chinese military has announced large-scale drills around Taiwan as it again warned the self-ruled island against seeking formal independence...
News Source: ABC News on 2025-04-01
China holds military drills around Taiwan, calling its president a ‘parasite...
The Chinese military conducted large-scale drills around Taiwan in what it said was a “stern warning” to pro-independence forces on the Beijing-claimed island....
News Source: NBC News on 2025-04-01
Stylists share 4 fashion trends that are in for Gen Xers right now — and 4 the...
It can be hard for Gen X to parse through the endless cycle of fashion trends. So, stylists shared what's in and out for those in their 40s and 50s....
News Source: Business Insider on 2025-03-31
Ocean economy needs protection against wave of threats: OECD...
Sustained growth of blue economy at risk from multiple threats, including climate change and territorial disputes....
News Source: Al Jazeera English on 2025-03-31