05.07.2009
The portion of the sea bottom that slopes gradually from the edge of a continent. Usually defined as areas where water is less than 200 meters deep
A collective term referring to the continental shelf and continental slope
Under the United Nations Convention of the Sea, in a zone contiguous to its territorial sea, described as the contiguous zone, the coastal State may exercise the control necessary to: (a) prevent infringement of its customs, fiscal, immigration or sanitary laws and regulations within its territory or territorial sea; (b) punish infringement of the above laws and regulations committed within its territory or territorial sea. The contiguous zone may not extend beyond 24 nautical miles from the baselines from which the breadth of the territorial sea is measured.
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When near-term contracts for crude are cheaper than contracts for delivery in the future. A contango describes a market structure where barrels trade more cheaply on the spot market than those for delivery at future dates.
A contango structure usually indicates that oil market players expect crude supplies to be less scarce in the short term than they will be further into the future
The electrical energy consumed by a 1,000 watt (1 kilowatt) appliance in an hour is one kilowatt-hour (kWh). A kilowatt-hour is also known as a ‘unit of electricity’ and is the unit in which retail sales of electricity are measured