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Thursday, 8 June 2017

BRAND AND TRADE MARKS CLAUSE (CARGO – NON STANDARD CLAUSES)

Notwithstanding anything contained herein to the contrary, the Underwriters agree not to sell or otherwise dispose of the salvaged branded goods without the consent of the Assured. In the event of the Assured declining to give such consent, the Assured shall retain possession of such salvaged branded goods and their reasonable salvage value shall be deducted from the amount of any claim for loss or damage that would otherwise be payable.
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