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Y
Yard
Fenced off, outdoor storage and repair area.
Yaw
Variation of the course of a ship to port or starboard caused by the
action of waves or wind.
Yawl
1. A vessel's small boat moved by one oar.
2. A small sailboat rigged fore-and-aft, with a short mizzenmast astern
of the cockpit - distinguished from ketch.
Yield Bucket
The remaining slot capacity for a trade/voyage in a certain port of
loading after deduction of the allowance for specific contracts.
Yield Management
The process of maximising the contribution of every slot, vessel, trade
and network. Basically it should be seen as the process of allocating the
right type of capacity to the right kind of customer at the right price
as to maximise revenue or yield. The concept should be used in combination
with load factor management.
York-Antwerp Rules of 1974
A set of internationally accepted rules for application to general
average circumstances. Most contracts of affreightment provide for general
average to be adjusted in accordance with these rules. In the absence of
such agreement adjustment is made in accordance with the law of the place
where the adventure is terminated.
See General Average Act
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