![]() AIS is intended to assist the vessel's watch standing officers and allow maritime authorities to track and monitor vessel movements, and integrates a standardized VHF transceiver system such as a LORAN-C or Global Positioning System receiver, with other electronic navigation sensors, such as a gyrocompass or rate of turn indicator. ![]() Information such as unique identification, position, course, and speed can be displayed on a screen or an ECDIS. These rules form the basis for assessing the design and construction of new vessels and the integrity of existing vessels and marine structures.Ī short range coastal tracking system used on ships and by Vessel Traffic Services (VTS) for identifying and locating vessels by electronically exchanging data with other nearby ships and VTS stations. ABS' core service is the provision of classification services through the development of standards called ABS Rules. At the end of 2006, ABS was the third largest class society with a classed fleet of over 10,000 commercial vessels and offshore facilities. It is a classification society, with a mission to promote the security of life, property and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine-related facilities. The American Bureau of Shipping (ABS), first chartered in the State of New York in 1862 to certify ship captains. Thus, both refer to same types of checks.This is one of several classification societies with a mission to promote the security of life, property and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine-related facilities (i.e. ![]() The words 'not negotiable' can also be used to generate the same effect. These kinds of checks are considered more safe than a general crossed check.Īn account payee check is not transferable and it is only paid into the account of the person whose name is written on the check. It refers to the condition stating that a bank will only make payment to the banker whose name is written in the crossing. These lines are also referred to as special or restrictive crossing. It also mentions the name of the bank between the lines. Special crossing is obtained by making a mark on the check by drawing two parallel lines across the check. If 'Account payee only' is added after canceling the bearer on check then the payment is only meant for only that person whose name is written on the check. If the check is crossed and ‘or bearer’ is deleted, then it means that it cannot be just encashed at the counter by the bearer of check. General crossing is obtained by making a mark on the check that is made by drawing two parallel lines across the top left-hand corner of the check. Two types of crossing are associated with these marks- general crossing and special crossing. This mark provides additional instruction to the bank regarding the payment through the check. It is a convenient way of obtaining money from the account.Ī cross check is a check with a mark comprising of two parallel lines. Now this document as a check is provided to the bank that instructs to pay the person or company, the amount of money that has been stated in the check. The drawer writes details like the amount of money, a payee, date and then signs a check. The account of the drawer has the money deposited on the account. The drawer has a current or checking account. The person who provides the authority is known as the drawer. However, they both refer to same type of checks which are only payable into the bank account.Ī check or cheque refers to a document that authorizes and provides instructions to order a certain amount of payment from a bank account. Thus, both refer to same kinds of checks.Ĭross check and Account payee check, can often create confusion, especially for those who fear banking terms. An account payee check is also paid only into the account of the person whose name is written on the check and thus, no counter payment is done. It provides an instruction to the paying bank to pay the amount only through a banker. Key Difference: A cross check is a check that cannot be directly paid to its bearer.
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