cargo is insured
111Lutine Bell — A bell that hangs in the underwriting room at Lloyd s and is rung for ceremonial occasions and rarely to draw the attention of underwriters to an important announcement. It was formerly rung once if a ship sank and twice for good news. It was… …
112uberrima fides — /yuwbehrama faydiyz/ Lat. The most abundant good faith; absolute and perfect candor or openness and honesty; the absence of any concealment or deception, however slight. A phrase used to express the perfect good faith, concealing nothing, with… …
113unloading — Act of discharging a cargo; taking a load from; disburdening or removing from. American Oil & Supply Co. v. United States Casualty Co., 19 N.J.Misc. 7, 18 A.2d 257, 259. An unloading clause in an automobile liability policy covers the entire… …
114in good safety — A warranty phrase in marine insurance, amounting to a stipulation by the insured that the insurance shall not attach in case the vessel or cargo shall have been lost or damaged at the time appointed for the attachment of the risk. Alexander,… …
115marine insurance — A policy or contract of insurance covering the risk of loss to ship, cargo, or freight from a peril or perils of the sea. 29A Am J Rev ed Ins §§ 1308 et seq. A maritime contract or guaranty, on the part of the insurer, that the ship or goods… …
116partial loss — A loss of the use of a member of the body for some purposes. Partial disability in health, mind, or person. 22 Am J2d Damg § 117. The destruction of a part of insured property. The loss at sea of a part of the cargo. See general average;… …
117pilferage hazard — noun : the risk of loss to cargo when specifically covered by marine insurance through theft committed by the ship s crew, stevedores, or others having access to the insured subject matter …
118trade warranty — noun or trading warranty : a warranty in a marine insurance policy restricting the use of an insured ship to the type of cargo, the service (as the lake trade), and sometimes the season for which it was designed …
