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Perils of the Sea. Fortuitous accidents or casualties, peculiar to transportation on a navigable water, such as stranding, sinking, collision of the vessel, striking a submerged object, ...
PERILS OF THE SEA A marine insurance term used to designate heavy weather, stranding, lightning, collision, and seawater damage. PHYTOSANITARY INSPECTION CERTIFICATE ...
The insuring conditions include clauses naming such risks insured against as "perils of the sea," fire, jettison, forcible theft, and barratry. See >'Perils of the Sea," "Barratry," "All Risks Clause." ...
1. Compensation paid for the rescue of a ship, its cargo or passengers from the perils of the sea; 2. or, the act of saving a ship or its cargo from possible loss; 3. or, property saved from a wreck or fire. Samurai Bond ...
A clause used in marine insurance relating to the recoverability of partial and total losses from perils of the sea. The American and English coverage vary as follows: ...
See also: Tariff, Bill of lading, On board, Countertrade, Letter of credit
 
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