GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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23:30 Feb 18, 2008 |
English to Arabic translations [PRO] Law/Patents - Transport / Transportation / Shipping / Insurance | |||||||
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| Selected response from: Shazly Egypt Local time: 13:07 | ||||||
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absorption clause فقرة/ بند استيعاب النثريات في التأمين Explanation: :) |
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absorption clause مادة المساهمة في مطالبة صاحب السفينة المؤمن عليه/مادة الامتصاص Explanation: A general average absorption clause is a provision inserted into a hull insurance policy. The clause requires the underwriters to “absorb” up to an agreed amount a claim in general average that the insured ship owner has against another party, most commonly cargo interests. The ship owners are provided with a solid contractual mechanism to allow them to claim for the other parties’ contributions under their hull insurance policy. This mechanism is usually referred to as an “absorption clause”. |
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absorption clause بند المشاركة في تحمل الخسائر Explanation: . |
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absorption clause فقرة تأمين صاحب السفينة (من تعويض خسائر الشاحن)ـ Explanation: عقد تأمين بحري |
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