SELLERS INTEREST CLAUSE

“All Risks” insurance to protect the Assured only if required on Cost and Freight (C&F), free on Board (FOB) or other “Uninsured” sales.

This Insurance to indemnify the Assured for loss and/or damage recoverable under the above clauses, but shall pay only if and to the extent that the buyer fails to pay for such lost and/or damaged goods and/or refuses the goods and/or the documents of title thereof ; the goods thus remaining the property of and/or at the risk of the Assured.

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