On 25 May 2011, the English Court of Appeal issued judgment on a dispute over the validity of the cancellation of a marine policy under an Iran sanctions clause, the scope for renewals, and the extension to policies to be prohibited under existing EU (European Union) sanctions against Iran.he contract of insurance was a composite policy of marine insurance covering hull and machinery risks on the NITC fleet of Iranian oil tankers, and the co-assured included a Cypriot operating company, Arash Shipping Enterprises Co. Ltd, which was owned or controlled by Iranian nationals.
DEFINITION of 'Tipping' The act of providing material non-public information about a publicly-traded company to a person who is not authorized to have the information. This is an illegal act.
The tipping point is the critical point in an evolving situation that leads to a new and irreversible development.The term is said to have originated in the field of epidemiology when an infectious disease reaches a point beyond any local ability to control it from spreading more widely.n some usage, a tipping point is simply an addition or increment that in itself might not seem extraordinary but that unexpectedly is just the amount of additional change that will lead to a big effect.