Monday, July 31, 2017

DUTY CLAUSES FOR MARINE CARGO INSURANCE

Duty clause

This insurance covers the Insured’s contingent interest on Custom Duty arising from the insured goods arriving at the port of destination damaged by a peril insured against but full duty had been levied and paid thereon as if the goods had arrived sound provided claims payable hereunder shall not exceed ______percent of the insured value on the damage portion of the insured goods.

No comments:

Post a Comment