A B C D E F G H I J K L M N O P Q R S T U V W Y Z

W/M

Weight or measurement is a method of quoting freight rates: 1. for sea freight, per metric ton (1.000 kilograms) or per cubic meter (35.3 cubic feet) whichever is greater; 2. for air freight, per kilogram or per 7,000 cubic centimeters (1 cubic foot) whichever.

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War risk

A peril that is normally excluded by a capture and seizure clause even in all risk clauses or London Institute of Underwriters Clause A. Insurance coverage is usually available for an additional premium.

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War risk insurance

Insurance coverage against war risks as outlined in detail in some dozen rather than specific paragraphs of an insurance policy. The policy conditions must be read for complete understanding. In general, they cover risks of captured seizure, destruction or damage…

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Warehouse receipt

A document listing the goods or commodities deposited in a warehouse. It is a receipt for the commodities listed, and for which the warehouse is the bailee. Warehouse receipts may be negotiable o non negotiable. A warehouse receipt made out…

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