In addition, all policy coverage is now in a single document, simplifying the customer journey. Transport & Logistics UK also provides a complete package solution under a single wording, comprising freight liability, employers liability, public, products and pollution liability, and property (material...
Your policy, once agreed by TT Club, is comprised of the Policy Wording, the Policy Schedule (outlining the terms, rates, and conditions), any applicable Institute Cargo Clauses stated within, and the Certificate(s) of Marine Cargo Insurance issued in accordance with the Policy Wording. Our s...
SpecialNotice:ThisEnglishversionisforyourkindreferenceonly.PleaserefertoourChineseversion,whichisfiledinCIRC,asa standardpolicywording.注意:本英文版本仅供参考。标准条款以本公司在中国保监会备案的中文版本为准。海洋运输散装桐油保险条款OceanMarineInsuranceClauses(WoodoilBulk)1 海洋运输散装桐油保险条款 OceanMarine...
It is always important to be clear on what the reason for the attachment of the clause is and that the wording is perceivable and makes sense. Attaching a clause should be based upon the balance between the assured's interest in being adequately insured and the insurer's interest in not ...
manuscriptwordings,someknowledgeandexperienceinmarineclaimshandlingcanalsobeofvalue.Thislackofexpertisecanleadtosituationswhereinsurancecoverdoesnotreflectwhattheclientand/orbrokerintendedwhennegotiatingtheplacement;ortoindemnitynotbeingofthetypethattheunderwriterintendedwhenacceptingtherisk.Thisfactsheetexaminesafewimportant...
shall be in accordance with the provisions of a Marine Cargo Insurance Policy subject to Institute Bulk Oil Clauses 1/1983, or at the Seller's option, Institute Cargo Clauses (A), and the benefit thereof shall accrue to the Buyer upon the passing of risk in the Cargo as provided for ...
“stabilising” marketplace, with market wordings being tightened and reviewed for the best available coverage, and marine rating generally remaining flat, with increases applied where rating adequacy has not yet been achieved. One notable wording change that has been requested by Insurers for new ...
I tried to buy Family Travel Insurance, however as you go through the motions, it turns out that 18-79 years olds are only eligible. So i called up to clarify and add children under 18 to deal with a rather unhelpful customer services agent. Poor website, wording and experience. Date ...
Incoterms® fixes the responsibilities of the seller, the carriage agent, and the buyer. It avoids ambiguity in the wording of agreements. The latest publication ‘Incoterms® 2020’ was published in 2019. The abbreviation ‘Incoterms®’ is a registered trademark of the International Chamber...
The Marine Insurance Act of 1906 states that: for an unvalued policy, the measure ofindemnityis the insurable value of the subject-matter insured, so shipowners with valued policies may fare better if they make a claim during periods of falling market rates.2 In such scenarios, th...