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Strike clause

An insurance clause included in insurance policies to cover against losses as a result of strikes. See Strikes, Riots and Commotion Clause (SRCC).

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Strike price

Price at which the option buyer obtains the right to purchase (call option) or sell (put option) the underlying security or currency.

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Strikes, Riots and Civil Commotion Clause (SRCC)

An insurance clause referring to loss or damage directly caused by strikers, locked-out workmen, persons’ participation in labor disturbances, and riots of various kinds. The ordinary marine insurance policy does not cover this risk. Coverage against it can be added…

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Stripping

Unloading goods from a container. Also called destuffing or devanning.

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