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Quarantine Flag (Q Flag) | A yellow lag used as a Repairs and Maintenance (R&M) | Preventative
sanitary signal. It is displayed by all vessels entering maintenance and normal repairs to equipment due to

a harbor, and also when a contagious or infectious wear and tear. These repairs need to be done whether

disease exists on board or when the vessel has been or not a property is being upgraded, renovated, or
placed in quarantine.
repositioned. For instance, replacing a ilter on the

HVAC system is an R&M item; replacing the entire

Quarantine Harbor | A place where vessels HVAC system is a capital expense.
in quarantine are stationed when arriving from

contaminated ports.
Return on Investment (ROI) | The monetary beneits

derived from having spent money on developing or
Quarantine Station | A medical control center renovating a hotel.

located in an isolated spot ashore where patients with

contagious diseases from a vessel in quarantine are RevPAR | Room Revenue Per Available Room,
taken. It is also used for passengers and crews of expressed as the product of the occupancy rate times

vessels arriving from suspected ports while fumigation the attained average daily rate.

or any other disinfection is carried out onboard ship.
Revenue Ton (R/T) | The greater weight of
R
measurement of cargo where 1 ton is either 1,000

kilos or 1 cubic meter (for metric system). Also known
as “Bill of Lading Ton” or “Freight Ton.” It is used to

Real Estate Investment Trusts (REITs) | A company calculate freight charges.

that purchases and manages a portfolio of real estate
or real estate loans to earn proit for its shareholders, Roll-on/Roll-off (Ro/Ro) | A feature designed in the

using money invested by its shareholders.
specially constructed vessel in both the loading and

discharging ports.
Received-for-Shipment Bill of Lading | A term used

in contrast to shipped bill of lading or on-board bill of Route | The plan of movements of a vessel from the

lading. This kind of bill of lading is normally issued to irst port of call to her inal destination.
acknowledge receipt of shipment before cargo loading
S
or before the oficial original bill of lading is issued.

Nowadays, not many shippers ask for this kind of bill
of lading.

Said to Contain (STC) | A standard clause used

Reefer | The generic name of a temperature-controlled to protect carriers, NVOCC operators, or forwarders
container. The containers, which are insulated, are when cargo are stuffed into the container by shippers,

specially-designed to allow temperature-controlled air their agents, or other third parties. See also “Shipper’s

circulation within the container. A refrigeration plant is Load and Count.”
built into the rear of the container.

Salvage | Property that has been recovered from a

Relative Humidity % | The ratio of the actual amount wrecked vessel or the recovery of the ship herself.
of water vapor in the air to the maximum it can hold at

a given temperature, multiplied by 100.
Salvage Clause | A marine insurance policy clause

that states the proportion of salvage charges for which
Relay | To transfer cargo from one ship to another of underwriters are liable.

the same ownership.

Salvage Lien | A maritime lien that exists when a ship
Release Note | A receipt signed by a customer orgoodscomeintothepossessionofonewhopreserves

acknowledging the delivery of cargo.
them from the perils at sea. All salvage services carry

with them a maritime lien on the items saved.
Release Notiication System (RNS) | The electronic

notiication system that provides customers, customs Salvage Value | The value of which salvage is

agencies, and customers’ broker representatives with awarded. It generally means the value of ship and
proactive notiication of shipment acceptance, review cargo when they have been brought to a place of

and release.
safety by the salvors.

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