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Illustration of the partial payout of Sum Insured against probability of occurrence. Condition of average (also called underinsurance [1] in the U.S., or principle of average, [2] subject to average, [3] or pro rata condition of average [4] in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured.
Marine insurance traditionally formed the majority of business underwritten at Lloyd's. Nowadays, Marine insurance is often grouped with Aviation and Transit (cargo) risks, and in this form is known by the acronym 'MAT'. It is common for marine insurance agencies to compete with the offerings provided by local insurers.
The Formula 1 Powerboat World Championship (also F1) is an international motorboat racing competition for powerboats organised by the Union Internationale Motonautique (UIM) and promoted by H2O Racing, hence it often being referred to as F1H2O.
Formula One Singapore Grand Prix (2008–2019, 2022–present) Revised circuit with new straight between turns 15–16 (2023–present) Surface: Asphalt: Length: 4.940 km (3.070 miles) Turns: 19: Race lap record: 1:34.486 (Daniel Ricciardo, RB VCARB 01, 2024, F1) Revised circuit with re-profiled turns 16–17 (2018–2019, 2022) Surface ...
A form of what is now called general average was included in the Lex Rhodia, the Rhodes Maritime Code of c. 800 BC. [4] Julius Paulus quoted from the law around the turn of the 3rd century, and these quotes are preserved, and an excerpt is included in Justinian's 6th-century Digest of Justinian (part of the Corpus Juris Civilis), although the Lex Rhodia is itself now lost.
A Formula One Grand Prix is an auto racing event which takes place over three days (usually Friday to Sunday), with a series of practice and qualifying sessions prior to the race on Sunday. Current regulations provide for two free practice sessions on Friday, a morning practice session and an afternoon qualifying session held on Saturday, and ...
Class 1 is considered one of the most spectacular marine motorsports. A Class 1 race-boat has twin inboard 1100hp engines and can reach speeds in excess of 257 km/h (160 mph). All boats are limited by a minimum weight of 4950 kg. The sport of powerboat racing has undergone unprecedented changes since the earliest recorded race in 1887 in Nice ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 24 December 2024. Motorsport championship held worldwide "F1", "Formula 1", and "FIA F1 World Championship" redirect here. For other uses, see F1 (disambiguation), Formula One (disambiguation), and List of FIA championships. Formula One Formula One logo since 2018 Category Open-wheel single-seater ...
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