A document introduced to the EEC in 1988 as part of the “aligned series” of SITPRO documents designed for the improvement of trade procedures.

Damage to property which arises because other property in close proximity has been damaged. An example would be where fumes given off by water damaged cargo cause taint to another cargo.

Damage to baled or bagged goods (e.g. cotton) caused by excessive moisture from damp ground or exposure to weather, or by grit, dust or sand forced into the insured property by windstorm or inclement [..]

An undertaking by underwriters to pay the contribution due from a cargo assured on completion of the general average adjustment.

A provision acceptance of risk, subject to confirmation at a later date that the agreed cover is needed. Where applicable to an existing insurance cover is conditional, in practise, on prompt advice t [..]

a notice showing the particular details of a policy.

A clause in a hull policy, whereby underwriters cover loss of, or damage to, the insured ship, where it is caused deliberately by Governmental authority in attempts to mitigate the effects of pollutio [..]

A market understanding whereby underwriters cover goods against war risks only whilst they are on the overseas vessel. This rule is relaxed only in the case of goods in a transhipping port for a short [..]

The percentage written by an underwriter on a placing slip to indicate the proportion of the sum insured thereby that he is prepared to accept. When the written lines total more than 100%, each line i [..]

Abandonment