International Navigating Limits definition
International Navigating Limits means the geographical limits, set by the Institute of Chartered Underwriters, London, within which the Vessel may navigate without incurring any additional insurance premium.
Examples of International Navigating Limits in a sentence
If Charterer orders the Vessel outside of the International Navigating Limits, Charterer shall reimburse Owner for any additional insurance premiums required by the Vessel’s underwriters as a consequence of such order.