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subrogation

  
 

Glossary : Shipping Terms : SUBROGAION

The right of the underwriter to step into the shoes of the assured following payment of a claim to recover the payment from another party who was responsible for the loss. Limited to the amount paid on the policy.

 

  
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SHIPNORTHAMERICA OFFERS A DYNAMIC LINEUP OF FREIGHT SHIPPING SERVICES DESIGNED TO MEET YOUR COMPANY’S UNIQUE NEEDS.

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