Posted on November 14, 2023July 22, 2024
On November 14, 2023, the Cayman Islands Insurance Association (CIIA) hosted our annual social cocktail party at the George Town Yacht Club.
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Money paid to a ship owner in compensation for delay of a vessel beyond the period allowed in a charter party when loading or discharging. In marine insurance the term is used to denote any loss of hire period incurred by the ship owner.