The acronym meaning, “lift-on, lift-off,” denoting the method by which cargo is loaded onto and discharged from an ocean vessel, which in this case is by the use of a crane.

The add charges to an insurance premium.

Capacity sol as against capacity available, expressed as a percentage.

The outer line on the body of a ship up to which she submerges in water with safety. It varies according t the season and waters in which she plies.

(i) Rupee amount or percentage added to the basic rate or premium to cover an Insurer’s cost of securing and maintaining business. Any other percentage or rupee addition to a basic Insurance rate or premium to cover the additional cost of a future type of coverage or for special safety inspection services. Those elements added to the risk premium to allow for Insurers expenses, profits and contingencies.
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UK: 1. Adjustments made to the risk premium, i.e. pure premium, to calculate the premium. Loadings include allowances for office expenses, profit and loss escalation. 2. An increased charge as an underwriting measure in respect of a higher normal risk. 3. Placing goods on a vessel or vehicle. In marine, goods in transit, commercial vehicle and public liability cover, the acts of loading and unloading may signify the moment that the risk attaches or terminates. A ‘loading/unloading’ clause provides a dividing line between the public liability policy and commercial vehicle third party section.
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An amount that is built in to the insurance cost. This amount covers the operating cost of the insurer, as well as the chance that the insurer’s losses for that period will be higher than anticipated, and the changes in the interest earned from the insurer’s investments. This is added to the amount required to cover losses, known as the pure insurance cost.
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MEDICAL,USA: Dollar amount or percentage added to the insurance policy’s basic rate or premium that is used to cover the expense to the insurance company of maintaining the business (e.g., in life insurance to provide for expenses, contingencies, or profits or to adjust the premium rate for special situations such as older average age, hazardous industry, many unskilled employees, and adverse experience).
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The overhead or administrative expenses of an insurer that is included in the cost of a policy.

A feature of commercial general liability (CGL) policies intended to separate that coverage from the automobile exposure. The CGL coverage ends at the point where an item is picked up for loading onto an auto and resumes at the point where the item is deposited upon unloading.

In property Insurance, an instrument which an Insurer issues to its insured when paying a loss for which a third party may be legally liable. Under this instrument, the Insurer lends to the insured, rather than paying the insured outright, the Insurer lends to the insured, rather than paying to the insured outright, the money needed to restore the damaged property. The Insurer agrees to cancel the loan to the extent that the amount of the loss cannot be recovered from the third party. Loan receipts have been used to circumvent stipulations in bills of lading and other contracts through which shippers and others have sought indirect protection under Insurance purchased by owners of damaged property.