Posts Tagged ‘INCREASED VALUE (DUTY AND/OR TAXES) CLAUSE’

INCREASED VALUE (DUTY AND/OR TAXES) CLAUSE

To cover increased value of cargo by reason of payment of duty and/or taxes at the port or place destination but to apply only as such duty and/or taxes are imposed. Subject to the same clauses and conditions as the insurance on cargo and to pay the same percentage of loss (excluding charges and expenses) as the original insurance but excluding claims in ... Full story
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