Friday 9 June 2017

SUBROGATION CLAUSE (CARGO – NON STANDARD CLAUSES)

 The Assured shall at the request of the Insurer or their agents, assign and subrogate to the Insurer at time of payment and to an amount not exceeding the sum paid by the Insurer all their rights and claims against others and permit suit to be brought in the Insured’s name but a the Insurer’s expense, the Insured further agrees to render all reasonable assistance in the prosecution of said suit or suits.

Related Posts

SUBROGATION CLAUSE (CARGO – NON STANDARD CLAUSES)
4/ 5
Oleh