The Insurance Company.

To restore the victim of a loss, in whole or in part, by payment, repair, or replacement.

The person granting a lease, also known as the landlord.

A cause of loss which may be specifically expressed in the policy or be embraced in a general description, such as “all risks”. A peril which is not embraced within the policy conditions is termed an ‘uninsured’ peril.

An abbreviation referring to goods being carried on deck or under deck.

The person to whom a lease is granted, commonly called the tenant.

The person (or persons) whose risk of financial loss from an Insured peril is protected by the policy. Sometimes called the “policyholder”.

Packing that is not adequate to withstand the normal hazards to be encountered by cargo in a marine transit.

Agents of the Corporation of Lloyd’s whose primary duty is to keep Lloyd’s informed of shipping movements, casualties and other matters of interest to Insurers and the commercial community. It has become customary for Underwriters and Insurance Companies to utilise the services of Lloyd’s Agents in connection with surveys of damaged vessels and cargo.

A liability which can be enforced in a court of law.