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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.
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
The Marine Insurance Act 1906 (8 Edw. 7. c. 41) is a UK act of Parliament regulating marine insurance. The act applies both to "ship & cargo" marine insurance, and to P&I cover. The act was drafted by Sir Mackenzie Dalzell Chalmers, who had earlier drafted the Sale of Goods Act 1893. The act is a codifying act, that is to say, it attempts to ...
Kris Jenner is getting in the Christmas spirit with some sexy snaps. On Dec. 24, the famous momager, 69, shared a series of throwback pictures revealing her chic holiday style throughout the years ...
Diontae Johnson’s time in Carolina proved to be nothing more than a layover on his way to playing with an AFC contender. Just months after being traded from the Steelers to the Panthers, Johnson ...
The 10 carry-on essentials that make for a first-class experience, according to pilots
The Lloyd's Open Form, formally "Lloyd's Standard Form of Salvage Agreement", and commonly referred to as the LOF, is a standard form contract for a proposed marine salvage operation. Originating in the late 19th century, the form is published by Lloyd's of London and is the most commonly used form for international salvage.
The process for building a deck in fiberglass is the same as for building a hull: a female mould is built, a layer of gel coat is sprayed in, then layers of fiberglass in resin are built up to the required deck thickness (if the deck has a core, the outer skin layers of fiberglass and resin are laid, then the core material, and finally the ...