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W/ Wa Wc We Wh Wi Wo Wt
Win Wip Wit

With Average (WA)

Insurance coverage which gives the assured protection for partial damage by sea perils, if the partial damage amounts to 3% (or other percentage specified) or more of the value of the whole shipment or of a shipping package. If the…

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Without prejudice

A term used in the negotiation process to indicate that a particular conversation or letter cannot be used as evidence in court.

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Without reserve

A term indicating that an agent or representative is empowered to make definite decisions and adjustments without the approval of the principal represented. This is the opposite of advisory capacity.

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