Saudi Embassy at Dhaka

The Address of Saudi Embassy in Dhaka

• Embassy WebSite http://embassies.mofa.gov.sa/sites/bangladesh

• Address house 5 (NE) L,Road 83,Gulshan-2,Dhaka-1212

• Phone Number  0088028829333 - 29,32,34

• Phone Number 2 00880028829125

• Phone Number 3 0088028829128

• Fax Number 0088028823616

• Mission Head Mr. Abdullah bin Nasser Al Basiri - Ambassador of the Custodian of the Two Holy Mosques in Dhaka

• Country Code 008802

• Email bdemb@mofa.gov.sa

• Work Hours From 9:00 a.m. to 4:00 p.m.

• Weekend Friday and Saturday

• Time Difference The timing of the Kingdom of +3 hours

• Nationals Head Phone No  0088028829125

• Nationals Head Phone No  2 008801761199883

• P.O. Box 6001

Additional Information :

First-Loss Policy

DEFINITION of 'First-Loss Policy'

A type of property insurance policy that provides only partial insurance. In the event of a claim, the policyholder agrees to accept an amount less than the full value of damaged, destroyed or stolen items/property. In return, the insurer agrees to not penalize the policyholder for under-insuring their goods or property.

First-loss policies are most commonly used in the case of theft or burglary insurance to insure against events where a total loss is extremely rare (i.e. the burglary of all goods contained in a large store). In a first-loss policy claim event, the policyholder does not seek compensation for losses below the first-loss level. Premiums are calculated proportionately - meaning they are not based on the full value of total goods or property.

INVESTOPEDIA EXPLAINS 'First-Loss Policy'

Let's consider an example of what a first-loss policy would cover. If a store owner held $2.5 million worth of goods in his/her store but only assumed that the most s/he could lose at any one time due to theft or burglary would be approximately $50,000, s/he might obtain a first-loss policy for that amount. In the event that the store was burglarized and the owner lost more than $125,000 worth of stock s/he would only be compensated for the $50,000 worth of loss as stated under the first-loss policy.

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The Tug Boat

A tugboat (tug) is a boat that maneuvers vessels by pushing or towing them. Tugs move vessels that either should not move themselves, such as ships in a crowded harbor or a narrow canal,^[1] or those that cannot move by themselves, such as barges, disabled ships, log rafts, or oil platforms. Tugboats are powerful for their size and strongly built, and some are ocean-going. Some tugboats serve as icebreakers or salvage boats. Early tugboats had steam engines, but today most have diesel engines. Many tugboats have firefighting monitors, allowing them to assist in firefighting, especially in harbors.