Institute Warranty Limits definition

Institute Warranty Limits means the Institute Warranties as defined by the Institute of London Underwriters.
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Institute Warranty Limits means trading limits imposed by the hull insurers on the Vessel.
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Examples of Institute Warranty Limits in a sentence

  • Such place of operations shall always be within Institute Warranty Limits which will not be exceeded without the prior written approval of the Owners and any 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 necessary adjustment to the rate of hire.

  • World-wide trading always afloat, always within British Institute Warranty Limits, as may be revised from time to time, or within the limits applying in Owners’ insurances in effect from time to time, however excluding any war zones, embargoed countries and any other areas to which restrictions may be imposed by the United Nations or the flag state.

  • It is stipulated under Lines 69-72 that the charterer may order the ship to icebound ports “or to any part of the world” outside Institute Warranty Limits, provided the shipowner’s consent and the charterer’s duty to pay any additional insurance premium.

  • Such place of operations shall 57 always be within Institute Warranty Limits 58 which will not be exceeded without the prior 59 written approval of the Owners and any 60 necessary adjustment to the rate of hire.

  • When wipes are put directly into liquid scintillation cocktail, it is important that the wipe not add color or react with the cocktail.

  • Diekamp in Münster gütigst zur Verfügung.” See Karl Bihlmeyer, ed., Die Apostolischen Väter: Neubearbeitung der Funkschen Ausgabe (Tübingen: J.C.B. Mohr <Paul Siebeck>, 1956), xxxvi.

  • Trading always within Institute Warranty Limits, but Charterers have the option to trade beyond Institute Warranty Limits subject to Owner’s and their Underwriter’s prior consent, against paying to Owners additional insurance premium (if any) on hull and machinery as per vouchers from vessel’s Underwriters, but such additional premium not to exceed the amount charged if vessel had been insured by Lloyd’s of London.

  • Some of these areas are today outside of the trading limits as they are established by the English Hull Conditions (ITC) in England or the Institute Warranty Limits or in the Norwegian Marine Insurance Plan, cf.

  • Another difficulty for the owners' argument is the fact that the owners have already agreed in the charterparty what are to be the limits within which the charterers can order the vessel to sail, for present purposes the Institute Warranty Limits, and have undertaken that, barring unforeseen matters, the vessel will be fit to sail in those waters.

  • Mr Turner submitted that the arbitrators had wrongly concluded that because such employment (which was within Institute Warranty Limits – "IWL") was permitted under the Charterparty, therefore the Owners had agreed to accept the risks (falling short of danger) ordinarily incident at the ports of the sub – continent, including fouling of the hull and the costs of removing it.

Related to Institute Warranty Limits

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