Process Clause - Cargo

PROCESS CLAUSE – CARGO

PROCESS CLAUSE – CARGO Whenever this insurance is extended to cover whilst the cargo kept in the storage, this insurance remains in full force whilst the subject matter insured is under any process but in no case shall extend to cover damage thereto solely caused by such process or resulting therefrom PROCESS CLAUSE – CARGO […]

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Both To Blame Clauses

BOTH TO BLAME – Marine cargo In the event the bill of lading and/or charterer party for merchandise insured hereunder contain the so called “both to blame collsion clause” or similar clause, the Insurer agree as to all losses covered by this insurance to indemnify the Assured for the amount which the they are legally […]

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APPORTIONMENT OF RECOVERIES CLAUSE

APPORTIONMENT OF RECOVERIES CLAUSE Marine cargo It is hereby understood and agreed that where recovery is obtained form a carrier or other third party such recovery shall be apportioned between the Assured and the Underwriters in the same proportion as the respective parties hereto borned the loss   Baca Juga : Business Interruption Insurance Contingent […]