Generally a coastal ship designed to carry coal.
Insurance Encyclopedia
Sundry Hulls Vessels : Dredger
Dredger is a craft used to de-silt harbor basins and mouths, river and canal bottoms in order to open and deepen the channels and maintain sufficient draught so as to allow bigger vessels to enter harbor waters and make them navigable.
Sundry Hulls Vessels : Fishing Boats
Fishing boats are small fishing crafts, mostly wooden built and operate in local coastal waters. They can be non-mechanised such as Vallams and Catamarans or may be mechanized ones of steel construction. In view of their smaller size and limited engine power, their operations are normally restricted to a distance of 20 NM from shore. Vallams and Cattamarans are not permitted to ply beyond 10 NM from shore.
Sundry Hulls Vessels : Fishing Vessel
A ship fitted with mechanized means of propulsion which is exclusively engaged in sea fishing for profit. Many of the modern day fishing vessels are built of steel and fiberglass (GRP) rapidly phasing out wood made vessels.
Sundry Hulls Vessels : Launches/Boats
Launches/Boats are open or half decked utility boats, used to carry passenger tourists over short distances.
Sundry Hulls Vessels : Sailing Vessel
These are country crafts, fitted with sails, propelled by wind power. They were generally wooden built. Now-a-days, mechanized Sailing Vessels are steel built and are used to carry cargo between Indian Ports. They also ply to countries in close proximity such as Sri Lanka. Many also ply to Persian Gulf and some even to East African Ports. Sailing Vessels are invariably single-decked having one or two hatches and carry general cargoes.
Sundry Hulls Vessels : Tugs
Tugs are looked upon as the “maids of all work” for the merchant fleets and re expected to render services which are many and varied. The basic requirements for the Tugs are stability under all conditions of operation, maneuverability and adequate towing power. Tugs are equipped with sophisticated gadgets and provided with powerful engines.
Sundry Hulls Vessels : Yacht
This is a type of pleasure craft used by wealthy owners for their private pleasure purpose. These crafts are capable of developing high speeds, usually more than 15 knots.
Sunk
This means the vessel must be fully submerged.
Sunrise Clause
UK: A clause in casualty reinsurance contracts that provides coverage for losses reported to the reinsurer or the company, as applicable, during the term of the current reinsurance contract, but resulting from occurrences that took place during a prior period. Sunrise clauses are used to reactivate coverage that no longer exists due to the existence of a sunset clause. See Sunset Clause.
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REINSURANCE: A clause occasionally found in casualty reinsurance or claimsmade contracts that provides coverage for losses reported to the (re)insurer during the term of the current contract, but resulting from pre-inception occurrences. Sunrise clauses are used to reactivate coverage that no longer exists due to the existence of a sunset clause. (See SUNSET CLAUSE).
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UK: A clause that provides retroactive cover in respect of losses occurring before the inception of a (re) insurance contract.
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A clause in casualty reinsurance contracts that provides that the reinsurer will not be liable for any loss that is not reported to the reinsurer within a specified period of time (typically 5, 7 or 10 years) after the expiration of the reinsurance contract. See Sunrise Clause.
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REINSURANCE: A clause which restricts cover to claims notified during the period from the inception of a (re) insurance contract to a specified date after the expiry of that contract.
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Reinsurance or claimsmade policy clause restricting cover to losses reported within a restricted period after the expiry of the policy. The period may be short, a ‘mini tail’, e.g. 60 days, or longer, e.g. three years for certain reinsurance contracts. See EXTENDED REPORTING PERIOD.