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Definitions (1175)

1

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abaft


a position behind [the vessel]
Source: cbmu.com

2

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abandonment


Giving up the proprietary rights in insured property to the underwriter in exchange for payment of a constructive total loss.
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3

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abeam


on a line at right angles to a ship's or aircraft's length
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4

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ACOG


Aircraft on ground
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5

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act of God


"An event that is the result of natural forces, arising without human intervention, which no human foresight could have provided against and of which no human prudence was not bound to recogn [..]
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6

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Act of God


"An event that is the result of natural forces, arising without human intervention, which no human foresight could have provided against and of which no human prudence was not bound to recogn [..]
Source: cbmu.com

7

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Act Of God


"An event that is the result of natural forces, arising without human intervention, which no human foresight could have provided against and of which no human prudence was not bound to recogn [..]
Source: cbmu.com

8

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Actual Total Loss


This occurs when: 1. The insured property is completely destroyed; or 2. The insured is irretrievably deprived of the insured property; or 3. Cargo changes in character so that it is no longer the thi [..]
Source: cbmu.com

9

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advance


An agreed percentage increase applied to the total of invoice plus freight, for unknown expenses at the time of shipment, and also for a portion of the insured's profit.
Source: cbmu.com

10

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advance freight


Same as Prepared Freight.
Source: cbmu.com


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