General Average (Prior Adventure)
Before the voyage commences 1 General average clause in bills of lading or charter party a) Code of Adjustment The contract of carriage is evidenced in the bill of lading or charter party or both, and it is customary for
General Average (Notifications)
When the Casualty Occurs 1 Persons to be notified When a casualty occurs which may give rise to general average sacrifices being made or expenses incurred, it is the responsibility of the shipowner to see that the proper steps are
General Average Principles
1. Principle of General Average: That which has been sacrificed for the benefit of all shall be made good by the contribution of all. The principle of general average was first formulated by the ancient Greeks in a maxim dealing
General Average – Port of Refuge
General Average - Port of Refuge (Note: the term 'port of refuge' is used here in its wider sense as indicating any port at which general average expenses is incurred. It may thus include a normal port of call for
General Average – Delivery of Cargo
1 Delivery of cargo With regard to general average security, it should be remembered that the shipowner retains his lien on the cargo only for so long as it remains in his custody. If the cargo is forwarded from a
Marine Insurance (non-disclosure & misrepresentation)
Θαλάσσια Ασφάλιση Ένα από τα κυριότερα χαρακτηριστικά κάθε σύμβασης θαλάσσιας ασφάλισης, που διέπεται από τo αγγλικό δίκαιο, είναι το δικαίωμα του ασφαλιστή να αποφύγει τις υποχρεώσεις του στην περίπτωση που ο ασφαλισμένος απέκρυψε ή παραποίησε ουσιώδη περιστατικά (non-disclosure and misrepresentation).
INSURANCE OF MARITIME CREDITORS
SECURITY AND INSURANCE OF MARITIME CREDITORS I. Insurance of maritime claims 1. Insurance as a secondary means of securing maritime claims Securing claims originating from the operation of merchant ship i.e. maritime claims is not of course less important than
ΑΣΦΑΛΙΣΗ ΤΩΝ ΝΑΥΤΙΚΩΝ ΔΑΝΕΙΣΤΩΝ
ΕΞΑΣΦΑΛΙΣΗ ΚΑΙ ΑΣΦΑΛΙΣΗ ΤΩΝ ΝΑΥΤΙΚΩΝ ΔΑΝΕΙΣΤΩΝ I. Ασφάλιση των ναυτικών απαιτήσεων 1. Η ασφάλιση ως συμπληρωματικό μέσο εξασφάλισης των ναυτικών απαιτήσεων α. Η εξασφάλιση των απαιτήσεων που γεννώνται από τη δραστηριότητα του πλοίου, αυτών που ονομάζουμε συνοπτικά ναυτικών απαιτήσεων, δεν
Averting or Minimising Loss
“for the purpose of averting or minimising such loss” This means a loss (or damage) for which the underwriters would respond under the policy, thus reproducing the effect of section 78(3) of the Marine Insurance Act, which states: “expenses incurred