MARINE INSURANCE
NEW SCHEME OPERATES NEXT YEAR UNPARALLELED DEVELOPMENT LONDON, Monday. The “Daily Telegraph" reports a development unparalleled In the history of marine insurance, since Lloyds' policy was continued in 177 U. It comes into operation on January 1, next, when every cargo insurance Doliey will he standardised, which should benefit British trade. The new policy, while: following the traditional form, has five additional clauses providing for the prevention °t the illicit importation of dangerous drugs; the exclusion of war risks: damage by strikers and men locked out; claims when the voyage is frustrated by “act of Kings, princes, and peoples": and the salving or protection of goods without underwriters admitting their liability.
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Bibliographic details
Sun (Auckland), Volume III, Issue 842, 10 December 1929, Page 9
Word Count
113MARINE INSURANCE Sun (Auckland), Volume III, Issue 842, 10 December 1929, Page 9
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