The court of the country in which the thing or person, the subject of the action, is situated. See FORUM SHOPPING.

The selection by a claimant of a country where he prefers his action to be heard. If a choice exists the claimant ‘shops around’ to select the country where he is most likely to win or secure the highest award. Many UK liability policies exclude US jurisdiction.

A privately arranged contract that specifies the price for a transaction in the future. It differs from ‘futures’ in that it is not standardised and is not traded on organised exchanges. Each party bears the other’s credit risk.
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An agreement for insurance to come into force at some future date.

Institute Cargo Clause 12. Where, as a result of an insured peril, the transit is terminated short of the destination, the underwriter will reimburse the insured for any extra charges incurred in unloading, storing and forwarding the goods to their destination. The clause does not apply to general average or salvage. Forwarding charges due to insolvency or financial default are excluded.