Some clauses are worded so as to provide insurers with a right to terminate the contract (a.) should the insurance be rendered illegal by sanctions or (b.) should the Insured expose the Insurer to a risk of being subject to any sanctions.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.
tippet (plural tippets) A shoulder covering, typically the fur of a fox, with long ends that dangle in front. 1942, Emily Carr, The Book of Small, âChristmas,â Drygoods shops did not have much that was Christmassy to display except red flannel and rabbit fur baby coats and muffs and tippets. A stole worn by Anglican ministers or other clergymen.
tip1. 1  a slender or pointed end or extremity, especially of anything long or tapered: the tips of the fingers. 2  the top, summit, or apex: the tip of the mountain. 3  a small piece or part, as of metal or leather, forming or covering the extremity of something: a cane with a rubber tip.