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System of law specifically related to marine commerce and navigation.

The price at which a seller is ready and willing to sell and buyer ready and willing to buy.

The highest price a willing buyer would pay and willing seller accept.

A system of business activities which are designed to plan, promote, price and distribute want-satisfying products, services and ideas to target markets in order to achieve the objectives of both the consumer and the company.

Legal union of one man and one woman as husband and wife.

A form of construction which incorporates self-supporting walls of masonry, except that its floors and roofs may be of combustible materials, e.g., wood.

Whereby a group of persons insure with one insure under the terms of master agreement.

One who employs another and controls their conduct in the performance of that employment.

This relationship exists where the employer has the right to select the employee, the power to remove and discharge him and the right to direct both what work shall be done and the manner in which it shall be done. This relationship is normally now called “employer and employee”.

The captain.