MEOClassOneAll oral topicsWritten study desk

MEO CLASS 1 · ORAL QUESTION 20

Q7c – Rider Clause in one word

Answer

A- Amendment or supplement or provision or addendum or endorsement

- An amendment or supplement that modifies the standard terms of a shipping charter party or marine

insurance policy.

- It customizes the contract to address specific needs, risks, or circumstances of the parties involved.

- It is called an endrsmnt, which can restrict or expand coverage, clarify liablties, set special conditions or

add opertnl or financial provisions beyond the specified terms.