Glossary
AL-BAHRIAH INSURANCE & REINSURANCE S.A.L.
© Al-Bahriah Insurance & Reinsurance S.A.L. - Email: info@bahriah.com - Phone: +961 1 336633 - Fax: +961 1 612311
Address: 770, Al-Bahriah House, Hotel Dieu Avenue, Beirut - Lebanon
Glossary
The collision or actual contact of a ship with another ship or
vessel.
A provision in a policy stating that no return of premium will
be allowed except where the policy is cancelled.
The termination of a policy by notice or by mutual consent.
The amount of membership payable by a shipowners to
a mutual insurance association.
Cancellation returns only
Approximately 600 feet.
Collision
Cargo
Cargoworthiness
Charterer
Cancellation
Call
Cable length
Commission
Claims adjuster
Constructive total loss
Classification society
Claims documents
Cyclone
Fitness of a ship to carry a particular cargo.
Goods carried in or on a ship.
Person or company who hires a ship from a shipowner.
Remuneration to an agent or broker for services in arranging
an insurance.
An individual employed by an on behalf of an insurer for
claims adjustment and settlement.
A society having the purpose to inspect and grade the
standard of ships for the information of insurers.
Seasonal storms and heavy seas in the Indian Ocean.
abandoned on account of its actual total loss appearing total
value.
Documents required by the insurer when the insured wishes
Contact damage
Damage caused to a ship when striking something other than
another ship.
Chemical reaction between metal and the environment
producing a deterioration of the metal properties by oxidation.
A long discontinued fracture characterized by a sharp tip.
Corrosion
Crack
Cumulative damage
An aggregation of damage due to various physical causes
applied to fatigue under various stresses and frequencies.
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