A document issued by the Association which records the names of Members interested in, and is evidence of a contract of insurance in respect of, an entered ship. When a term comes to an end. Where the assured abandons the subject matter insured to the underwriter and claims a total loss. The process by which the refrigeration equipment is checked to be operating within its designed parameters. It is used to identify the possible existence of insulation deficiencies.
Correspondents can be maritime lawyers, ship's agents or in some cases surveyors.
A book where records of the vessel's navigational progress and daily events are kept. A charter party under which the shipowner provides vessel, and charterer crew and cargo. A wood spar or steel tube used for discharging or loading dry or packaged cargo. The approximate level of premium which the Members will be advised how much to budget for the coming year. The right of option.