Tanker Water for Motor

Used for transportation of water and is the simplest and either rectangle or elliptical with/without full/half baffle plates need no calibration. Tankers used for transportation of petroleum products are governed by various acts viz., Explosive act, Weight and Measures Act (subject to calibration annually), general of 12 KL or approx. 9.6 MT CAPACITY. Tanks usually have three or four compartments and their front and rear end and cover are called as Dish ends, where parturition sheets used are called Baffles mainly to meant to reduce the oscillation of liquid. The loading is done by gravity feed method for majority of the goods such as kerosene, petrol, diesel and edible oil. The inlet for tankers carrying these type of goods will be normally on top of every compartment. There are goods loaded only by pressurized flow. These goods will be loaded only through ports filled at the bottom of the tanks, ex., LPG. The outlets) of gravitational fed loads are provided at the bottom of the tanks. The control of outflow will be done by gate valves. A special feature is provided in the petroleum carrier. A special shut of valve arrangement is provided for emergency purposes.

Tankers LPG for Motor

Tanks to transport gases and are governed by various Statutes. The products are LPG, Oxygen, Ammonia, Nitrogen etc and one such type of tank to carry is LPG tank. The product such as HSD, Petrol and kerosene are loaded at atmospheric pressure while LPG is loaded at certain higher pressure. All pressurized tanks will have safety valves. Temperature and pressure gauges are fitted in the tanks along with rotor gauge to find the level of the liquid. Maximum 85% capacity is loaded. The loading pressure of LPG is 10 KSCM, while filling pressure is 14.4 KSCM. Therefore, manufacturer of LPG Tank is required to involving testing authorities from day one i.e., selection of raw materials while manufacturing LPG Tanks. The drawing and valves details of the Tank are furnished to Explosive department for issuance of Certificate. As LPG is highly explosive in its nature, the Government through the Controller of Explosives stress the safety of the tank by involving third party agencies like M/s IES, Bureau of VERITAS for inspection, from selection of sheets, up to the end of manufacture of tank. Tests carried out during the manufacture of tank.

Target benefit plan

Type of retirement plan for an individual in which contributions are put into variable annuities or mutual funds to reach a specific level. Performance of investments may exceed or fall below the goals of the plan. Annual contributions are subject to the same rules as those for money purchase plans. When the employee retires, the funds may be paid in a lump sum or used to purchase an annuity.

Target risk

UK: A very large risk that attracts the attention of brokers and insurers because of its size. It becomes widely offered in the market place. The term also describes a risk that is offered to many insurer because of its undesirable, hazardous features.
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In personal lines casualty insurance, a phrase that refers to celebrities and wealthy individuals. At one time, the Target Risk Exclusion Clause in reinsurance listed major bridges, tunnels, and art collections, but that clause has been replaced by the total insured value (TIV) exclusion clause.
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REINSURANCE: In property reinsurance, certain risks (for example, particular bridges, tunnels, fine arts collections, and property of similarly high value and exposure) that are expressly excluded from coverage under reinsurance treaties. Such risks may require individual acceptance under facultative contracts.
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The prospective policyholders, divided by race, age, sex, and other demographics.

Target Risks

(i) Policy-holders or prospects for Insurance, whose business developers large premiums are considered targets for competing Insurance Agents and brokers. (ii) Large, hazardous exposure on which Insurance is difficult to place. (iii) Large exposure that is considered desirable from an Underwriting stand point by competing insured. (iv) Certain high value bridges, tunnels and fine art collections that are excluded from automatic Reinsurance to release the Reinsurer from potentially heavy accumulations of liability on any one exposure.

Tariff

Minimum premium rates drawn up by a trade association for a particular class of business.
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A general term for any obligatory listing of rates, terms conditions and exclusions etc for any particular or all classes of insurance business. An obligatory and binding schedule of premium rates, terms and conditions created and published by the Tariff Advisory Committee or Regulator.