A book which stands in the centre of the underwriting room and which records details of vessels which are or are likely to become total losses. The entries are made a by Lloyd’s waiter using a quill pen.

Insurance certificates issued by the Committee of Lloyd’s. They facilitate the payment of claims abroad.

A Committee at Lloyd’s which advises underwriters defending legal actions whether they should proceed to trial, having regard to Lloyd’s good name.

Lloyd’s Underwriters Claims Office, used by most marine underwriters at Lloyd’s to handle claims, including reinsurance matters.

Published twice a year in March and September and gives an alphabetical list of world ship-owners and details of vessels owned/managed by them. listed are names of vessels with former names, year of acquisition by present owner/manager, type, where built, year of built, gross, net and dead weight tonnages, classification society, flag and brief details of trading area, Importantly also shown is the record of each owner/manager with regard to total losses dating back up to ten years with prior periods in summary form.

A members’ agent who is appointed by a member who has more than one member’s agent to co-ordinate the administration of the member’s affairs at Lloyd’s.

A member of the Society which is a body corporate (including for the avoidance of doubt limited liability partnerships) or a Scottish limited partnership.

Cover holders place the risks. They are companies authorized by a managing agent to enter into contracts of insurance and/or issue insurance documentation, on behalf of the members of a syndicate.

Wholly owned non-assigned assets that must be lodged in trust with the Committee of Lloyd’s before a member can write any business. The amount of the Lloyd’s deposit, together with the Name’s means if they are individuals or their capital if they are incorporated Names, determines the maximum limit of premium income which may written on their behalf.

These funds are maintained in the USA for the protection of holders of US dollar denominated policies which incepted on or after 1 August 1995 (when the fund was established). They are premiums trust funds. Compare Lloyd’s American Trust Fund.