insurance of a vessel
21Cost Insurance and Freight — ( CIF) Seller is responsible for the payment of freight to carry goods to a named destination, as agreed with the buyer. The seller is also responsible for providing cargo insurance at minimum coverage against the buyer s risk of loss or damage… …
22marine insurance — The insurance of ships or their cargo against specified causes of loss or damage that might be encountered at sea. The definition has widened over the years to include the transit of cargo over land at each end of the voyage and the term vessel… …
23cargo — The load or lading of a ship or other vessel, having no more than a transitory connection with the vessel, the intent being to unload it at the destination or port of call of the vessel. 48 Am J1st Ship § 2. In marine insurance, the word cargo… …
24abandonment — The act of giving up the ownership of something covered by an insurance policy and treating it as if it has been completely lost or destroyed. If the insurers agree to abandonment, they will pay a total loss claim (see actual total loss;… …
25Latrell Sprewell — infobox NBA Player name = Latrell Sprewell position = Guard/Forward height ft = 6 height in = 5 weight lbs = 195 nickname = Spree nationality = American birth date = birth date and age|1970|9|8 birth place = Milwaukee, Wisconsin highschool =… …
26Underwrite — Un der*write , v. i. To practice the business of insuring; to take a risk of insurance on a vessel or the like. [1913 Webster] …
27A1 — A description of property or a person that is in the best condition. In marine insurance, before a vessel can be insured, it has to be inspected to check its condition. If it is «maintained in good and efficient condition» it will be shown in… …
28assecuration — /ssekyareyshan/ In European law, assurance; insurance of a vessel, freight, or cargo …
29assecuration — /ssekyareyshan/ In European law, assurance; insurance of a vessel, freight, or cargo …
30t.l.o. — Insurance. total loss only. * * * t.l.o., total loss only (a condition of marine insurance covering the total destruction of a vessel). * * * abbr. (in the insurance industry) total loss only …
