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Acronyms




j

J.&W.O.

Jettison and washing overboard

JETSAM

Goods from a ship's cargo, or parts of its equipment, that have been thrown overboard to lighten the load in time of danger, or to set a stranded ship adrift.

Joint Venture

A form of business partnership involving joint management and the sharing of risks and profits between enterprises sometimes based in different countries.

Just-In-Time (JIT)

The principle of production and inventory control in which goods arrive when needed for production or use.

NEWS
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