trade loss

(insurance) The ordinary and unavoidable loss of weight during a shipment that is considered normal to a particular trade. For example, loss caused by evaporation in ore shipments. May also include shortages due to other causes which are considered normal and unavoidable. These losses are generally uninsurable as underwriters will usually apply a deductible equal to, or exceeding, the expected loss percentage, in order to avoid paying inevitable losses.

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