Tags: Glossary

The depth of a vessel's keel below the waterline.

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

What does Draft mean?

In the shipping context, a draft refers to a written order to pay a specified amount of money. Drafts are commonly used in international trade transactions to ensure that the buyer pays the seller for goods received. The draft is presented to the buyer along with the shipping documents, which are typically released to the buyer upon acceptance and payment of the draft. 

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