The liability of a tenant under contract or tort for loss or damage to the premises leased to him. The custody and control exclusion in a public liability policy is overridden in connection with property leased to the insured to give cover. The tenant’s liability section of a household contents policy indemnifies the insured in respect of liability for buildings damage when caused by insured peril.

International Hull Clause enabling the insurer to take tenders for repair after notification of a loss. The insurer can decide where repairs are carried out and veto a particular place of repair or particular ship-repairing firm. The insurer makes an allowance (30 per cent of insured value) for time lost between invitations to tender and acceptance.
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A clause in a Marine Hull Policy which provides for immediate notification of accident and gives the insurers various rights in connection with repairs, including one to take tenders for repairs.

Lloyd’s members wishing to surrender their capacity. They enter a tender bid into the capacity auction, stipulating the minimum amount (the floor limit), in multiples of 0.1p per pound of capacity they are prepared to accept. Subsequently, tender bids are matched against bids submitted by subscribers to ascertain the amount of capacity to be transferred and the price of the transaction. See CAPACITY TRANSFER MARKET.