Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.
In order to recover under this insurance the Assured must have an insurable interest in the subject- matter insured at the time of the loss.
Subject to 11.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, notwithstanding that the loss occurred before the contract of insurance was concluded, unless the Assured were aware of…
No claim for Constructive Total Loss shall be recoverable hereunder unless the subject-matter insured is reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the cost of recovering, reconditioning and forwarding the subject-matter…
If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed value of the cargo shall be deemed to be increased to the total amount insured under this insurance and all Increased Value insurances…
The agreed value of the cargo shall be deemed to be equal to the total amount insured under the primary insurance and all Increased Value insurances covering the loss and affected on the cargo by the Assured, and liability under…
BENEFIT OF INSURANCE, This insurance shall not inure to the benefit of the carrier or other bailee.
MINIMISING LOSSES, 16 It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder, 16.1 to take such measures as may be reasonable for the purpose of averting or minimizing such loss, and
It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder, 16.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and exercised and the Underwriters will,…
