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What Do People Mean By The Expression AI ?

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What Do People Mean By The Expression AI ?

The origin of an expression which is now in common use is due to the fact that a ship which is in perfect condition is rated AI at Lloyd's .A shipowner had to apply to Lloyd's when he wants to insure his vessel ,and the premium is arranged according to the condition of the ship. If it is pronounced AI,the premium is charged at the lowest rate.from.this has originated our habit of referring to first-class things or conditions as being AI.

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