Ullage, Theft or Tropical Perils
(“the George S” case) In 1983 it first came to light that some ship's crews were siphoning off their cargo of crude oil to use as fuel. The practice was the subject of a circular to all governments, issued by
Marine Claims Department
It must be emphasised that not all claims received in the offices of insurers originate through the intermediary of brokers. A considerable number of cargo claims is sent directly to the Underwriters, mainly, of course, where a Company has a
Claims handling procedure
Where a claim is forwarded to a broker for collection a file will normally be made out, and some procedure must be adopted for regulation and control. Of course, the actual method will vary from one broker to another, but
Breach of Warranty
It will be remembered from Section 33, sub section (3) of M.I.A. 1906 that if a warranty is not exactly complied with, then subject to any express provision in the policy, the insurer is discharged from liability as from the
Piracy an old story in Modern Era
Introduction Approximately 80% of world trade currently travels by sea, representing around 93,000 merchant vessels, 1.25 million seafarers, and almost six billion tons of cargo. Since the end of the Second World War, seaborne trade has doubled every decade. In
Marine Insurance “The Contract”
Non-disclosure and Misrepresentation. One of the foundations of contract is the general principle that there is no obligation to speak within the context of negotiations for an ordinary commercial contract. There are countless cases within the principle of caveat emptor
Marine Insurance “The Contract”
The principle of good faith It must be borne in mind that all contracts are based upon mutuality of understanding and while the assured is entitled to every penny in settlement of an admissible claim, so is the insurer entitled
Cargo Underwriting
It is probably a fair statement to say that subrogation involves the cargo market more actively than other branches of marine insurance, and there is accordingly a need for the claims practitioner engaged in that field to understand the relationship
ΕΘΝΙΚΗ ΜΕΤΑΦΟΡΑ (ΝΟΜΟΛΟΓΙΑ)
Παραγραφή. Απόρριψη αγωγής του υποκατασταθέντος ασφαλιστή Εθνική μεταφορά πραγμάτων πλειόνων παραληπτών (συλλογική μεταφορά) από την Αθήνα στην Πάτρα εφαρμογή του ΕμπΝ. Ασφαλιστική υποκατάσταση. Η εξάμηνη παραγραφή του άρθρου 107 ΕμπΝ δεν συμπληρώνεται κατά την διάταξη του άρθρου 14 παρ. 5