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
Ice bound
Ice breaker
IMO
Ice strengthened
Incurred loss
A ship specially constructed to break up ice in order to open a navigable
channel for other ships.
Used whereby a ship is unable to leave a port because of severe ice
conditions.
Insured
Institute Clauses
The series of payment amounts at intervals during a policy period.
The sum of all installments is equivalent to the annual premium.
Installment premium
Inception date  
Implied warranty
Insurer
Indication
International Maritime Organization. The United Nations Agency concerned
with safety at sea.
A warranty which is implied in a policy such as warranty of seaworthiness
and legality as distinct from an “expressed warranty”.
Date on which an insurance contract begins also referred as “date of
attachment”.
Loss arising during a period of insurance whether settled or not.
by a committee of companies and Lloyd’s underwriters as standard
The person or entity covered by a policy of insurance.
The party who is liable to pay claims under a policy of insurance.
A quotation obtained from an Insurer indicating a rate or premium.
Inter coastal
The action of trading to and calling ports along the coast.
 البحــــــريـــــــة للضمـــــــان واعـــــــادة الضمــــــــان ش.م.ل