Pay Off
Pay Off is a term used in maritime context to describe the process of releasing a vessel from a berth or a quay. This process involves the payment of all dues and charges to the port authorities, including pilotage, towage, mooring, and any other services rendered to the vessel while it was in port. Once all the dues are paid, the vessel is free to leave the port and continue its voyage. The Pay Off process is usually carried out by the ship's agent, who is responsible for settling all the financial obligations of the vessel while it is in port.
Your Previous Searches
Random Picks
- Vessel Traffic Services: Vessel Traffic Services (VTS) is a shore-based system implemented by a competent authority to improve the safety and efficiency of vessel traffic and to protect the environment. VTS is designed to provide active monitoring and navigational ... Read More >>
- Bulk Commodities: Bulk commodities refer to large quantities of goods that are transported in unpackaged form, such as coal, iron ore, grain, and cement. These goods are typically loaded onto ships in their raw form, without any packaging or containers, and ... Read More >>
- Naval Forces: Naval Forces refer to the military units that operate on or under the sea. These forces are responsible for protecting a country's maritime interests, including its territorial waters, shipping lanes, and offshore resources. Naval Forces ty ... Read More >>
Top News
Japan will watch China's military after Beijing admits violating Japanese airspa...
Japanese officials say they are closely watching to see if China keeps its promise to prevent further violations of Japan’s airspace after explaining that an incursion by a Chinese military aircraft...
News Source: ABC News on 2024-11-20
Southeast Asian defense chiefs meet in Laos as maritime disputes with China are ...
Southeast Asian defense chiefs and representatives are meeting in the Laotian capital for security talks at a time of increasing maritime disputes with China in the Asia-Pacific and as the transition ...
News Source: ABC News on 2024-11-20
Biden's $100 billion disaster aid request includes money to rebuild the collapse...
President Joe Biden’s pending request to Congress for nearly $100 billion in emergency disaster aid includes money to rebuild Baltimore’s Francis Scott Key Bridge after its deadly collapse in Marc...
News Source: ABC News on 2024-11-19
The Houthis appear determined to score a hit on the American and European warshi...
The US and European Union have maintained a significant Middle East naval presence to battle the Houthis over the past year....
News Source: Business Insider on 2024-11-19
US defense chief says alliance with Philippines will transcend administrations...
U.S. Defense Secretary Lloyd Austin has condemned China's dangerous actions against the Philippines and renewed a warning that the United States would defend its treaty ally if Filipino forces come un...
News Source: ABC News on 2024-11-19