Difference between revisions of "Inherent vice"
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| − | An [[insurance]] term referring to any defect or other characteristic of a product that could result in damage to the product without external cause (for example, instability in a chemical that could cause it to explode spontaneously). Insurance policies may exclude inherent vice losses.<ref> | + | An [[insurance]] term referring to any defect or other characteristic of a product that could result in damage to the product without external cause (for example, instability in a chemical that could cause it to explode spontaneously). Insurance policies may exclude inherent vice losses.<ref>[http://www.marad.dot.gov/publications/glossary/glossary.html U.S. Department of Transportation Maritime Administration]</ref> |
==References== | ==References== | ||
| − | + | {{Reflist}} | |
[[Category:Shipping Terms]] | [[Category:Shipping Terms]] | ||