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TeachMeFinance.com Afloat -- Refers to a shipment of cargo which is currently on board a vessel between ports historic definition... Afloat -- A word used in the grain trade to designate grain which has been loaded into vessels for export or grain which is on passage but has not arrived at destination. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.