| Boston Plan, Borrowing Authority of Pension Benefit Guaranty Corporation (PBGC), Borderline Risk | |
| Bottomry, Branch Office, Breach of Contract |
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
Insurance
Both-To-Blame Clause
In ocean marine insurance , provision stipulating that upon the collision of two or more ships, when all ships are at fault, all owners and shippers having monetary interests in the voyage of the ships involved must share in all losses in proportion to the monetary values of their interests prior to the occurrence of the collision. This clause supercedes all other provisions for the allocation of losses among owners and shippers in ocean marine policies.