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Small language learning about Singapore Line?

Date: 2017-04-03
Views: 47

The loss of the subject line of the Singapore special line insurance must constitute the subrogation of compensation. The following two conditions must be met: First, the loss must be caused by a third party ’s tort or breach of contract due to negligence or negligence, and the third party ’s loss In accordance with the provisions of the law or the agreement between the two parties in the contract, they are liable for compensation; secondly, such damage or breach of contract by the third party is the insurance liability in the insurance contract. If the third party ’s damage or breach of contract does not fall within the scope of insurance underwriting liability, it cannot constitute a condition for subrogation on insurance. In the case of freight insurance business, there is often a case for reimbursement. For example, if the seller exports 1 000 bales of Singapore special line to the United States under CIF conditions, we will insure all risks according to the contract. On the way of shipping, the edible water pipe in the cabin was a waste leaking pipe, which caused 30 bags in the batch of grey cloths to be soaked with water. Since the seller had insured all risks for the grey cloth, the consignee immediately filed a claim with the insurance company on the basis of the insurance policy. The insurance company discovered through investigation that the ship was at fault during transportation. After that, after paying the insured dog, the insurance company has the right to request the ship to compensate the loss in the name of the insured. Coverage of International Marine Cargo Transportation Insurance Singapore Special Line

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