Summary |
In this book, attention is in the main directed to the marine insurance of goods from the bankers’ point of view. That in the past difficulties have arisen between bankers and marine insurers is easily to be understood. In fact, it was these difficulties which led the International Union of Marine Insurance in association with the International Chamber of Commerce to produce in several languages “Tables of Practical Equivalents”. These tables, which have had a wide circulation, are designed to show on what conditions cargo is normally insured in the various markets by setting out in common form the provisions of the marine insurance clauses generally used in those markets.
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