Thursday, 8 June 2017

BASIS OF VALUATION CLAUSE - (CARGO – NON STANDARD CLAUSES)


 It is hereby agreed that the basis of settlement shall be the sum of the prime costs of the goods or merchandise, the expenses of and incidental to shipping, the charges of insurance, plus 10% added thereto, provided the sum insured as declared to Underwriters are inclusive of all the above charges.

Related Posts

BASIS OF VALUATION CLAUSE - (CARGO – NON STANDARD CLAUSES)
4/ 5
Oleh