Marine insurance term whereby the insurer forgoes the benefit of the salvage. Tonner reinsurance contracts are written both WBS and PPI to obviate questions of legal enforceability when salvage is clearly impossible.
The Rantings of the barely human.
Marine insurance term whereby the insurer forgoes the benefit of the salvage. Tonner reinsurance contracts are written both WBS and PPI to obviate questions of legal enforceability when salvage is clearly impossible.