Chapter II: Rules common to marine, river and lake insurance and insurance of goods transported by all modes of transport

Damage and loss are settled as damage, unless the insured chooses to surrender the goods in the cases determined by law or by agreement.

The insurer cannot be obliged to repair or replace the insured items.

The contribution to general average, whether provisional or definitive, and the costs of assistance and salvage shall be reimbursed by the insurer in proportion to the value insured by him, less, where appropriate, any special damage for which he is liable.

Surrender may be neither partial nor conditional. It transfers the rights of the insured on the insured objects to the insurer, subject to payment by the insured of the full insured sum, and the effects of this transfer go back between the parties to the moment when the insured notifies the insurer of his wish to surrender. The insurer may, without prejudice to payment of the sum insured, refuse the…

Any policyholder who has made an inaccurate claim declaration in bad faith shall forfeit the benefit of the insurance.

The insurer who has paid the insurance indemnity acquires, up to the amount of its payment, all the rights of the insured arising from the damage which gave rise to cover.

If the same risk has been covered by several insurers under the same insurance contract, each shall be liable, without solidarity with the others, only to the extent of the sum insured by it, which constitutes the limit of its liability.

Actions arising from the insurance contract are time-barred after two years.