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Glossary - W

Waiver Clause

Clause in a marine insurance policy stating that no acts of the insurer or insured in recovering, saving or preserving the property insured, shall be considered a dismissal from or acceptance of abandonment.

War Risk

Perils of war or warlike operations, such as capture, seizure, arrests, restraints of kings, princesses and people, hostilities, civil war, mines, torpedo s. War risks are not covered under a policy for marine perils and must therefore be covered under a separate policy for war risks.


A building specially designed for receipt, storage and handling of goods.

Warehouse Keeper

Party who takes responsibility for goods entered into a warehouse.

Warehouse Receipt

Receipt for products deposited in a warehouse.


Storing goods in a warehouse.

Warsaw Convention

The Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw, 12 October 1929, or that Convention as amended by the Hague Protocol, 1955, stipulating obligations or parties and limitations and/or exonerations of carriers (aircargo).


Non-negotiable document document evidencing the contract of the transport of cargo.

Wear and Tear

Loss or detoriation resulting from ordinary use.


Ability to withstand a defined weatherproofness test.

Weight Charge

The charge for carriage of goods based on their weight (aircargo).


A place for berthing vessels to facilitate loading and discharging of cargo.


The fee charged for the use of a wharf for mooring, loading or discharging a vessel or for storing goods.


See World Health Organisation.

Wide Body

An aircraft with two corridors, such as a Boeing 747 and a DC-10.

World Health Organisation

Abbreviation: W.H.O.

The global agency linked with the United Nations and cooperating with other technical agencies relating to health matters at sea and on land.