Your English writing platform
Discover LudwigExact(2)
The bill, which would authorize $60 billion in spending by the aviation administration over the next four years, also provides money needed for war risk insurance, security improvements and air traffic control modernizations, according to James C. May, the president and chief executive of the Air Transport Association, the airline trade group.
For big tankers, the cost is closer to $100,000 per voyage: $75,000 for war risk insurance and $20,000 for a $5 million kidnapping and ransom policy.
Similar(58)
In some countries standard clauses or forms of contracts must be used; for instance, in Sweden insurers must use a standard compulsory motor vehicle third-party liability policy, and in Switzerland a standard contract for war risks and life insurance is required.
U.S. Extends War Risk Coverage For Airlines.
These initial concerns, however, were short lived, at least in the beginning as the British government provided assurances that it would underwrite a large amount of the war risk insurance for shipping in order to allow trade amongst the Commonwealth to continue.
At issue are surcharges the airlines have imposed for fuel, added security and higher war risk insurance, according to some of the carriers being questioned.
At the outbreak of the 2011 Libyan Civil war, "risk managers", paid for by K&R insurers, helped co-ordinate the evacuation of hundreds of foreign workers.The move to a higher-tech approach seems well timed.
During the so-called "tanker war" of the 1980's, when Iran and Iraq attacked oil tankers in the Persian Gulf in an attempt to damage each other's economies, insurers raised war risk insurance premiums for ships sailing into the gulf by 50percentt at one point but oil prices barely budged.
A new "deduction" principle will be introduced for policies covering "catastrophic" risks for larger exporters — risks such as non‐convertibility of currency, war risk and expro priation.
Clearly, better to get your facts wrong while banging the drums for war than risk coming off as a wuss.
Brexit concerns, but trade war risk fading.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com