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
Facultative
Full and Down
Fixed & Floating Objects
Said when a ship’s cargo holds is full and ship’s hull is
immersed up to the permitted load line.
Fixed premium
Flag
Forecastle
Fore peak
Frame
Free reserves
The optional right of an underwriter to decide whether or not to insure
a risk.
The marine hull liability arising from contact with “fixed objects” such as
harbor, dock, pier, jetty, wharf, fastened buoys or other similar objects.
Superstructure on the upper deck and the front end of a ship.
A premium fixed without being subject to any supplementary adjustment
during the period of insurance.
Nationality of a ship in which it is registered.
Watertight compartment at front end of a ship.
Series of steel bars attached to the keel of a ship and
supporting the plating at the side of the ship.
Amount of money paid to a shipowner for carriage of cargo.
The financial liquidity reserve of an insurance company over and above
technical reserves for the purpose of withstanding unexpired risks or
outstanding claims.
Freight
 البحــــــريـــــــة للضمـــــــان واعـــــــادة الضمــــــــان ش.م.ل