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.
c. 1400, extreme end of something, top of something round or pointed, metal attachment to the end of something, from Middle Low German or Middle Dutch tip utmost point, extremity, tip (compare German zipfel, a diminutive formation); or from a Scandinavian source (compare Old Norse typpi).