A measurement of speed. One nautical mile per hour, a nautical mile measuring 6,080 feet.
A measurement of speed. One nautical mile per hour, a nautical mile measuring 6,080 feet.
Management of the pure risks to which a Company might be subject. It involves analyzing all exposures for the possibility of loss, and determining how to handle these exposures through such practices as avoiding the risk, retaining the risk, reducing the risk, or transferring the risk, usually by insurance.
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