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Marine insurance covers the physical loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. [ 1][ 2] Cargo insurance is the sub-branch of marine insurance, [ 3] though marine insurance also includes onshore and offshore exposed ...
Seaworthiness is a concept that runs through maritime law in at least four contractual relationships. In a marine insurance voyage policy, the assured warrants that the vessel is seaworthy. A carrier of goods by sea owes a duty to a shipper of cargo that the vessel is seaworthy at the start of the voyage. A shipowner warrants to a charterer ...
The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law ( 15 U.S.C. § 2301 et seq. ). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
An act to limit the Liability of Ship-Owners, and for other Purposes. In United States maritime law, the Limitation of Liability Act of 1851, codified as 46 U.S.C. § 30523 since December 2022, states that the owner of a vessel may limit damage claims to the value of the vessel at the end of the voyage plus "pending freight", as long as the ...
That’s often a claim you’ll have to submit to your auto insurer. If a neighbor’s tree causes damage to your home and car simultaneously, you may be looking at two separate claims.
I’m 59 years old, make $150K/year, and my plan was to retire at 67 — but I'm tired and over the grind. Can I call it quits now or keep milking my high-paying job for as long as possible?
The law of carriage of goods by sea is a body of law that governs the rights and duties of shippers, carriers and consignees of marine cargo. [ 1] Primarily concerned with cargo claims, this body of law combines the international commercial law, the law of the sea and admiralty laws . The typical obligations of a carrier by sea to a shipper of ...
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