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Legal Provisions on the International Trade Terms in Thailand

Date: 2017-04-07
Views: 32

Thailand Special Line 2) Extended Liability Clause In the course of maritime transportation, if an unexpected situation beyond the control of the insured occurs, the insurance period will be handled according to the following regulations. When there are delays in transportation, detours, forced unloading, reloading, reprinting, or any changes made by the carrier using the authority granted by the transport contract, the insured will notify the insurance in a timely manner In the event that the person pays additional insurance premiums, the insurer may continue to be liable. According to the practice of international marine insurance, the Thai special line changes the above-mentioned abnormal transportation conditions during the transportation of cargo ships, which changes the risk of cargo transportation undertaken by the insurance. The insurer has the right to lift the risk of cargo transportation undertaken by the insurer Cancel the insurance contract. However, in order to protect the interests of the insured, the insurer still provides the insured with the insurance liability stipulated in the contract under the premise that the insured has fulfilled the prescribed obligations. Therefore, this payment is called the extended liability clause. Thailand Line

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