Posts Tagged ‘SELLERS INTEREST CLAUSE’

Notwithstanding that the interest insured hereunder may be purchased on “Free on Board” and/or “Cost and Freight” and/or “Free Along Side” or similar terms, it is agreed that the risk hereunder shall attach from the time of handling for the purposes of loading onto the carrying vehicle at the Suppliers Premises; Underwriters being subrogated to the Assured’s rights of recourse against the suppliers ... Full story

“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 ... Full story