Tokyo Convention (1963)

This Convention deals with offences and certain other acts including unlawful seizure of aircraft, committed on board the aircraft. The Indian Parliament passed the Act to give effect to this Tokyo Convention, 1963. The Act provides for application of Indian criminal Law to aircraft as follows: “Any act or omission taking place on board an Indian registered aircraft while in flight elsewhere, which if taking place in India, would constitute an offence under any law in force in India, shall constitute that offence.”

Tomograph

Special type of x-ray imaging apparatus that makes a record (tomogram) of slices through a body structure to obliterate overlying structures (e.g., study of the kidneys or temporomandibular joints).

Ton

Freight rates for liner cargo generally are quoted on the basis of a certain rate per ton, depending on the nature of the commodity. This ton, however, may be weigh ton or a measurement ton.

Tonner reinsurance

1. Form of total loss only reinsurance of: (a) vessels over or between specified tonnages; or (b) aircraft over or between specified hull values and/or seating capacities. The policies are effected on policy proof of interest without the benefit of salvage to the insurer. 2. An aviation reinsurance under which the reinsurer agrees to pay a fixed amount if an air crash results in a stated number of deaths.

Tontine bonus method

A method of distributing bonuses to ‘with profits’ life insurance policyholders which has been used in the US but not in the UK. There are variations but the general principle is that declared surpluses are retained for ultimate distribution to the policyholders who survive a certain fixed period.