1) FIRST NOTICE OF LOSS shall be given to [broker's name] within 30 days from ... a Counter Guarantee on behalf of the French Companies, for their own and.
Ce document a été fabriqué par PDFmail (Copyright RTE Multimedia) http://www.pdfmail.com For Information Only CLAIMS PROCEDURE CLAUSE (France) When a casualty is impending or has occurred, the Assured must, without undue delay notify the Insurers through [Broker’s Name]. Irrespective of the above, the Assured have entrusted the [Leader of main market in case of two independent market placement] with the following task : 1) FIRST NOTICE OF LOSS shall be given to [broker’s name] within 30 days from occurrence or from time when loss/damage is known. This notice shall contain, as a minimum : - Vessel’s name - Location - Casualty - Date of loss 2) A LOSS SUMMARY shall be forwarded to [Brokers’ Name] (position of vessel, description of occurrence, extend of damage). With respect to repairs, an estimated cost must be included or reported in a separate letter as soon as possible. 3) AVERAGE SURVEY REPORT : it is not systematically intended to receive at all time the Survey report (being understood that the Hull Underwriters Statement/Adjustment includes main in connection with the casualty and the repairs done) but this report is available upon request by French Leading Underwriters. 4) THE LEAD HULL UNDERWRITERS STATEMENT/ADJUSTMENT must be forwarded to [broker’s name] in time to meet with the due date requirement (same in respect of the payments on accounts which could be requested). This statement must include the name of beneficiary, the Bank data references and a letter of Authority if the beneficiary is not the Assured. When the claim payment is subject to a Mortgagee’s approval (in accordance with a loss payable clause) then the [main market leader] shall ensure this approval is effective. If some exceptional circumstances in respect of a claim call for more information or clarifications, the [leader of main market] agrees to facilitate communication and if necessary to receive a representative of French Leading Underwriters in their offices. PS : It is reminded that CESAM can deliver a Counter Guarantee on behalf of the French Companies, for their own and respective share, when a 100 % security has been provided by the [leader of main market] r the liability of the Assured in consequence of Collision, striking or salvage. (If necessary and urgent, CESAM can also directly provide a security, for the account of the French Insurers, with their approval. in such case full details of the procedure shall be given to [Broker] by [main market leader].
Claims Handling Procedures Clause. Notwithstanding anything to the contrary contained in this Reinsurance it is a condition precedent to the reinsurer's liability ...
(Scandinavian Market). In the event of the premium or any deferred instalment and/or part thereof and/or any additional premium not having been received by ...
sufficient to pay the cost of new labels, capsules or wrappers, and the cost of reconditioning the goods, but in no event shall the Assurer(s) be liable for more ...
owner or charterer-by-demise of the Vessel, irrespective of whether it be Disbursements, Profits,. Increased Value or otherwise and also irrespective of ...
2.1 Hull and Machinery Policies on terms equivalent to Institute Time ... This insurance will terminate automatically at the time of any change of ownership,.
Page 2 sur 2. Provided such Vessels are: a) (i) not bulk and/or combination carriers over 10 years of age;. (ii) not mineral oil tankers exceeding 50,000 GRT ...
DTV Cargo Insurance Conditions 2000. (DTV Cargo 2000) ... and Age Clause for insurances governed by DTV Cargo 2000. 1. ... American Bureau of Shipping.
current at the place of shipment at the time the risk attached, plus the charges ... goods are delivered to the carrier and the freight paid independent of delivery.
3 ⢠To reimburse The Swedish Club on demand any sum or sums advanced in excess of their share in respect of the risks covered hereunder with interest ...
Name of the Clause : Arbitration Clause. Subject of the Clause ... which the party in default is domiciled or has assets or carries on business. The parties agree ...
and fifty thousand United States Dollars (US$ 250,000) shall be payable to the ... Mortgagee of a default under the Mortgage in which event all claims under this Policy of ... Underwriters shall not make such payment without first obtaining the writt
Oct 1, 1983 - 1 ⢠This insurance is extended to cover : the cost of repairing or replacing. (a) any boiler which bursts or shaft which breaks. (b) any defective ...
Nov 1, 1995 - Name of the Clause: Institute Time Clauses - Hulls - Restricted Perils. Subject of the Clause: Self explanatory. Category : General Conditions.
Aug 1, 1989 - They are not intended as legal advice and should not be relied upon as legal ... on a bareboat basis, or requisition for title or use of the vessel, ...
claim the whole under their Hull insurance cover or claim from the cargo as they think fit. ... the Average adjusters certify that involving cargo interests would be ...
insured ship having collided with a third party, the ship or object being towed. The ... PDF created with FinePrint pdfFactory trial version http://www.fineprint.com.
If the renewal order offered to the French Market is at least equal to or greater than the expiring order placed, and. If the overall net loss ratio is below or equal to ...
adjuster, assessors and/or surveyors and to control all negotiations, ... All claims on the original insurance to be submitted to [name of underwriter] for approval ...