LAW AND PRACTICE, 19 This insurance is subject to English law and practice as far as not in contradiction with Indonesian law.
It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances within their control.
Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the subject matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise prejudice the rights of either party.
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,…
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
BENEFIT OF INSURANCE, This insurance shall not inure to the benefit of the carrier or other bailee.
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…
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…
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…
