Annual publication containing information of value to underwriters. It contains photographs, descriptions and performance details of the majority of civil and military aircraft and engines in current production and/or under development.

Clause that may be added to a hull policy in circumstances where hull particular average claims are likely to be frequent. The policy is made ‘free of particular average’ if the partial loss does not equal or exceed 3 per cent of the insured value. The insured warrants that he will remain uninsured for the 3 per cent.
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A clause applying an excess to a marine insurance policy.

A clause appearing in a contract of affreightment when disputes may be subject to US law. The clause obligates the owners of cargo to contribute to general average in cases of danger, damage or disaster resulting from faults or errors in navigation or in the management of a vessel or its machinery, provided that the owner shall have exercised due diligence to make the vessel in all respects seaworthy, and to have it properly manned, equipped and supplied. The clause avoids the consequences of a US court decision which held that a shipowner could not recover cargo’s proportion of general average arising out of a negligent navigation or error in management.