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
Schedule
Salvage
Control of pitch and roll in a mode that a ship remains buoyant and
maneuverable.
Seaworthiness
Salvor
The fitness of a vessel in all aspects to encounter the ordinary
perils of a voyage.
Selection
Settlement
Remuneration payable independently of contract to an outside
party who takes part in a successful rescue operation to save
life or property at sea.
Person or company who salves property at sea.
The settling up or payment of an account, premium or claim.
The part of a policy in which the variable details are inserted.
Insurer’s action in choosing what risks to insure and on what terms
in order to achieve a balanced portfolio.
Means vessel, and include hull, machinery, material, outfit and equipments.
Ship
A person or company acting as agent for a shipowner in arranging charters
and carriage.
The International Convention for the Safety of Life at Sea, 1974.
Surveyor
Superintendent
Sum Insured
Subrogation
Stern
Starboard
Stability
SOLAS
Shipbroker
The right hand side of a ship when looking forward.
The aftermost end of a ship.
Right of the Insurer to step into the shoes of the Insured following payment
of a claim in order to secure recoveries from the third party responsible for
the loss.
The sum expressed in a policy as the amount payable in a case of a
benefit policy; or the maximum liability of an insurer under a contract
of indemnity.
Person in charge of technical and safety operation of a ship.
Surging
Swaying
A qualified person by knowledge and skill to issue a report on the
condition of a ship and the cause of damage to it.
The sliding longitudinal motion of a ship.
The sliding lateral side to side motion of a ship.
 البحــــــريـــــــة للضمـــــــان واعـــــــادة الضمــــــــان ش.م.ل