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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Warehouse-to-warehouse clause

Insurance coverage of international cargo from export warehouse to import warehouse. There is often limitations, such as a limit on the time coverage is in force after the goods arrive o the buyer´s side, but before finally delivery takes places….

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Warranty

A promise by a contracting party that the other party can rely on certain facts or representations as being true, A seller, for example, may warrant that certain products will meet a list of specifications furnished by the buyer.

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