MARINE INSURANCE
LLOYD'S NEW POLICY
IMPORTANT CHANGES
United Press Association—By Electric Tele-
graph—Copyright.
(Received 9th December, 10.30 a.m.) LONDON, 7th December.
. TVp London "Daily Telegraph" reports 4< felopment unparalleled in the history •of yarine insurance since Lloyd's policy yn-as confirmed in the year 1779, aiifl it 'comes into operation on Ist January. ■';_ Under the new conditions every cargoinsurance policy will be standardised, 'which should benefit the British trade. ', The new policy, while following the traj'ditional form, has five additional clauses providing for (1) prevention of illicit importation of dangerous drugs; (2) the .'exclusion of war risks; (3) damage by 'strikers and locked-out employees; (4) '.claims when voyage is frustrated by "act \ot Kings, princes, and peoples"; and (5) ithe salvaging or protection of goods without the underwriters' admitting liability.
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https://paperspast.natlib.govt.nz/newspapers/EP19291209.2.158.1
Bibliographic details
Evening Post, Volume CVIII, Issue 139, 9 December 1929, Page 14
Word Count
129MARINE INSURANCE Evening Post, Volume CVIII, Issue 139, 9 December 1929, Page 14
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