The insurance of transported goods has no effect when the risks have not begun within two months of the commitment of the parties or of the date fixed for taking over. This provision is only applicable to policies operating by declaration of foodstuffs for the first foodstuff.
Goods are insured without interruption, wherever they may be, within the limits of the journey defined in the policy.
Goods may be surrendered if they are : 1° totally lost ; 2° Lost or damaged up to three quarters of their value; 3° Sold en route due to material damage to the insured objects as a result of a covered risk.
It may also take place in the following cases 1° If the ship is unseaworthy and if it has not been possible to start transporting the goods by any means of transport within three months; 2° No news of the vessel for more than three months.
In the event that an insured who has taken out a policy operating by declaration of foodstuffs has not complied with the obligations laid down by decree, the contract may be cancelled without delay at the request of the insurer, who shall also be entitled to the premiums corresponding to the undeclared shipments. If the insured is in bad faith, the insurer may exercise the right to recover payments made…
Suspension and cancellation for non-payment of a premium in respect of property insurance contracts covering damage to goods carried shall have no effect in respect of bona fide third parties who are beneficiaries of the insurance by virtue of a transfer made prior to notification of the suspension or cancellation. In the event of a claim, the insurer may, by means of an express clause contained in the documentary endorsement,…
Subject to the provisions of article L. 173-24, the injured third party has a direct right of action against the insurer covering the civil liability of the person liable. The insurer may not pay to a party other than the injured party all or part of the sum owed by him, as long as that party has not been paid and to that extent, except in the case of allocation…
Where a limitation fund has been set up, creditors whose rights are subject to limitation under the terms of articles 58 to 60 of law no. 67-5 of 3 January 1967 on the status of ships and other sea-going vessels have no action against the insurer.
Liability insurance, the purpose of which is to compensate for damage caused to third parties by the vessel and which is guaranteed under the terms of article L. 173-8, only takes effect if the sum insured by the hull policy is insufficient.
Whatever the number of events occurring during the term of the liability insurance, the sum underwritten by each insurer constitutes, per event, the limit of its commitment.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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