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
Off risk
Oil record book
Term said for an Insurer when the insurance has been terminated.
Logbook recording the handling of oil by the Chief Engineer.
Term said for an Insurer when the insurance attach.
Additional premium payable on a cargo insurance when goods
are carried on an old vessel.
On risk
Overage
Over-insurance
Overloading
Owner
Insuring a ship for more than its value. May be fraudulent.
Loading cargo in excess of what a ship is permitted to carry by law.
Person or company who owns a ship. Also referred to as “Shipowner”.
 البحــــــريـــــــة للضمـــــــان واعـــــــادة الضمــــــــان ش.م.ل