Warranties. Under the Marine Insurance Act 1906, section 33(1) states that a warranty means a promissory warranty, i.e., a warranty by which the assured undertakes that some particular thing shall or shall not be done or that some condition shall be fulfilled or whereby he affirms or negatives the existence of a particular state of facts.

Waiver. A person may "waive" a benefit when he renounces or disclaims it. A waiver can be express or implied.

Wharf charter. A "berth" is the vessel's place at a wharf (or at anchor) and a "wharf" is a wooden, steel, concrete or stone platform beside which the vessel can lie in a berth for loading or discharging or taking stores and/or fuel.

War risk policy. Under the usual Hull policies for ships, the “War Exclusions” do not cover any loss, damage, expense or liability for a variety of causes.

Page 2 of 2
Loading...

SPONSORED: Amber For Sale - Loose Amber, Amber Gemstones on Sale -  https://ambersale.com 

AmberSale.com