“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
Οδική Μεταφορά – CMR – Ανάλυση
ΟΔΙΚΗ ΜΕΤΑΦΟΡΑ Η συνθήκη αυτή αφορά την σύμβαση για την διεθνή οδική μεταφορά πραγμάτων, τη γνωστή ως CMR, που υπεγράφη στην Γενεύη στις 19 Μαΐου 1956 και παρέμεινε ανοιχτή προς υπογραφή για τις χώρες που ανήκαν στο οικονομικό μπλοκ
Carriage by Road – CMR – Analysis
Historically, this is not so in the case of common carriers, who may be defined as those who declare themselves ready to accept for carriage goods of a general nature and over general routes. Such carriers are bound to accept
Allelopathy in Perishable Foods and Plants
Allelopathy is understood to mean the influence exerted by vegetable products (fruits) on other plants or plants of the same species through the gases they give off, such as carbon dioxide (CO2), ethylene (ethene, C2H4) and aromatic substances, which reach
Risk Management in Supply- Chain
TRADE DISRUPTION INSURANCE The effectiveness of Trade Disruption Insurance (TDI) as a form of risk management in supply-chain security. An Effective Solution Against Supply-Chain Security Risk. Trade disruption insurance,(TDI) protects against loss of profits and extra expenses arising
Salvage Agreements in dispute
Shipowners can bind cargo owners to arbitration in salvage agreements Background A shipowner or master can bind cargo owners to arbitration where it is offered in a salvage agreement (under the Lloyds Standard Form of Salvage Agreement (LOF 2000)). The
Food, Beverage & Wine
Consumers are becoming increasingly aware of food safety and food quality issues. This has led many suppliers, processors and distributors to put in place comprehensive and costly measures to protect brand reputation. However, companies still rely on traditional
Excess Stock Insurance
Do you have a large commercial client with high stock values? Do you have limited capacity in your local insurance markets? The answer is an Excess Stock insurance policy which incorporates a method of structuring the risk so that each
Deductible Buy-down
Question: Why should I have to carry a higher deductible than I am financially comfortable with? Answer: You do not have to! Have you ever been asked this question by one of your clients? Well now you have the answer.