cargo is insured
61average — averageable, adj. averagely, adv. averageness, n. /av euhr ij, av rij/, n., adj., v., averaged, averaging. n. 1. a quantity, rating, or the like that represents or approximates an arithmetic mean: Her golf average is in the 90s. My average in… …
62Bulgaria — /bul gair ee euh, bool /, n. a republic in SE Europe. 8,652,745; 42,800 sq. mi. (110,850 sq. km). Cap.: Sofia. * * * Bulgaria Introduction Bulgaria Background: The Bulgars, a Central Asian Turkic tribe, merged with the local Slavic inhabitants in …
63marine insurance — 1. See ocean marine insurance. 2. See inland marine insurance. [1795 1805] * * * contract whereby, for a consideration stipulated to be paid by one interested in a ship or cargo that is subject to the risks of marine navigation, another… …
64HMS Lutine — Geschichte Typ Fregatte Bauwerft Marinewerft Toulon Bestellung …
65Luke Collingwood — Captain Luke Collingwood (died 1781) was captain of the slave ship the Zong . He was a doctor aboard his previous slave ship and not experienced enough to captain one. During the voyage of the Zong on November 29, 1781, he decided to throw ill… …
66Industrial disasters — are mass disasters caused by industrial companies, either by accident, negligence or incompetence. *Pemberton Mill was a large factory in Lawrence, Massachusetts, which collapsed without warning on January 10, 1860. An estimated 145 workers were… …
67excess — in an insurance policy, excess clauses specify that the policyholder will be responsible for a portion of claims under certain conditions. Glossary of Business Terms The dollar amount by which the equity exceeds the margin requirements in a… …
68free of particular average — marine cargo insurance that does not cover partial losses or partial damage unless caused by the vessel being sunk, stranded, burned, on fire, or in a collision. Bloomberg Financial Dictionary * * * free of particular average ˌfree of parˌticular …
69salvage — In general, that portion of goods or property which has been saved or remains after a casualty such as fire or other loss. In business, any property which is no longer useful (e.g. obsolete equipment) but which has scrap value. In insurance, that …
70collision clause — noun : a policy provision that the insurer agrees to assume the legal liability of an insured shipowner to owners of another vessel and its cargo for loss resulting from collision with the insured ship …
