Search results for: “insurance companies”
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General Average
Summary of General Average An ancient principle in international maritime law requiring a contribution by the vessel and cargo interests to pay for "extraordinary expenses and sacrifices"incurred in saving the vessel and its cargo. The term average derives from an Arabic word […]
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General Average
Summary of General Average An ancient principle in international maritime law requiring a contribution by the vessel and cargo interests to pay for "extraordinary expenses and sacrifices"incurred in saving the vessel and its cargo. The term average derives from an Arabic word […]
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Nationality Claims
Libya Claims: Nationality in 2013 (Continuation) United States views on international law [1] in relation to Libya Claims: Nationality: As they did before the Proposed Decision, claimants continue to argue that their own nationality is irrelevant and that the only relevant nationalities […]
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Trade Promotion Organizations
Trade Promotion Organizations in International Trade Meaning of Trade Promotion Organizations, according to the Dictionary of International Trade (Global Negotiator): There are various governmental and non- governmental organizations that play a role in the promotion of international trade. […]
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Trade Documents
Trade Documents in International Trade Meaning of Trade Documents, according to the Dictionary of International Trade (Global Negotiator): Paper documents (or electronic files) used in international trade that prove that certain events have taken place. For convenience, the documents commonly […]
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Anti-Corruption
Anti-Corruption Introduction By Anne Peters The 172 ratifications of the UN Convention against Corruption (UNCAC), which was adopted in 2003, shows that States around the world are – at least verbally – committed to the international fight against corruption… In the 1990s, the United States achieved adoption of a treaty to criminalize foreign bribery, namely…
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Arab Boycott
An economic boycott of Israel proclaimed in December 1945 by the Arab League to hamper "Jewish industry in Palestine." The boycott came to include not only Israeli firms and products, but firms having economic ties with Israel. A so-called blacklist of such firms was prepared by the […]
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Company Information
Company Information Legal Materials: Some Basics When someone asks for information about a company, a complete answer will include: company profiles, financial data, news articles and any other information particularly relevant to that company. Some researchers generally use the following sources, not necessarily in order, to compile a packet with a reasonable amounts of each…
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Captain's Protest
Captain's Protest in International Trade Meaning of Captain's Protest, according to the Dictionary of International Trade (Global Negotiator): A document prepared by the captain of a vessel on arrival at port, showing unusual conditions encountered during voyage. Generally, a […]
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Medical Malpractice
Malpractice Medical MalpracticeIntroduction to Medical MalpracticeMedical malpractice is the most common type of malpractice lawsuit. It typically involves the negligence of a physician while diagnosing or treating a patient. In the past, courts decided whether a physician's co…
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Fronting
Arrangement in which an insurance company issues a policy but transfers the risk to another insurer. This arrangement may arise when an insurer wishes to participate in a market where it is not admitted or where its policies may not be commercially acceptable. Under such circumstances, the insurer d…
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Bottomry
A contract whereby the owner or master of ship borrows for the use of the vessel, pledging the ship (or bottom) as collateral. It is stipulated that the loan shall be forgiven if the vessel is lost during the tenor of the loan or another stipulated period….
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History of Nationalization
History of Nationalization Introduction The fact that “Nationalization” had become in 1916-21 one of the burning political questions of the day is unfortunate as regards arriving at a clear appraisal of its principles, for, from the outset, it is difficult for a writer to avoid a certain bias in approaching its discussion. Yet Nationalization of…