Posted on July 20, 2013July 20, 2013
A guarantee to the ship owner in writing from an insurer, bank or other party, to pay the amount of the adjusted contribution of the cargo owner.
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A combination of Installment Annuity and Term Insurance under which the amount of annuity consideration (premium) paid determines the amount of one-year renewable Term Insurance an annuitant can purchase and place on the life of anyone designated.