Posts Tagged ‘INSOLVENCY EXCLUSION CLAUSE’

INSOLVENCY EXCLUSION CLAUSE

It is hereby agreed that the exclusion “loss damage or expense arising from insolvency or financial default of the owners, managers, charterers or operators of the vessel or aircraft” (incorporated in the Institute Clauses herein) is amended to read as follows: “In no case shall this insurance cover loss, damage, or expense arising from insolvency or financial default of the owners, managers, charterers or operators of ... Full story

INSOLVENCY EXCLUSION CLAUSE

It is hereby agreed that the exclusion “loss damage or expense arising from insolvency or financial default of the owners, managers, charterers or operators of the vessel or aircraft” (incorporated in the Institute Clauses herein) is amended to read as follows: “In no case shall this insurance cover loss, damage, or expense arising from insolvency or financial default of the owners, managers, ... Full story
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