Liability Insurance exclusion which denies coverage for the withdrawal or recall of potentially defective product from the market.
Insurance Encyclopedia
Sister ship Exclusion
A Product Insurance Exclusion which denies coverage for the withdrawal and recall of products from the market.
Sister ship Liability
Loss of property or income which occurs when an owner or user of a product decides not to use, or is legally forbidden from using the product.
Sister-Ship Clause for Marine Hull
Should be Vessel hereby come into collision with or receive salvage services from another vessel belonging wholly or in part the same Owners or under the same management, the Assured shall have the same rights under this insurance as they would have were the other vessel entirely the property of Owners not interested in the Vessel hereby insured; but in such cases the liability for the collision or the amount payable for the services rendered shall be referred to a sole arbitrator to be agreed upon between the Underwriters and the Assured.
Sistership clause
If two ships in the same ownership collide, the clause confers on the insured the same rights as if the two vessels were separately owned and separately insured. An appointed arbitrator apportions liability on that basis.
Sistership exclusion
An exclusion in products insurance that eliminates coverage for the withdrawal or recall of products.
Sistership exclusion (Liability Insurance)
An exclusion that prevents coverage of products withdrawn from the market.