Zimmermann On Ocean Shipping
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In our eReader you can find the full English version of the book. Read Zimmermann On Ocean Shipping Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Zimmermann On Ocean Shipping
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Again the distinction is made between "valued" and "open" policy. In the "valued" policy the agreed value of the prop- erty affected is given, while in the case of the "open" policy no value is stated ; it must be ascertained in the event of loss.
The difference between "floating" and "named" policy is that the first is secured by the shipper before he has learned the name of the vessel upon which his goods will be shipped; but when the vessel's identity becomes known, its name is declared to t...he underwriter and endorsed on the policy which then becomes the "named" policy. "Wager," "honor," or "P. P. I." ' policies are issued when the insurer does not possess "a genuine interest" in the property covered by the contract. Since, however, the law recognizes no policies without a "genuine interest" of the insurer, such policies are not legally enforceable; enforcement depends upon the honor or good faith of the parties involved. Policies may also be divided according to the time during which they protect the insured property.
What to read after Zimmermann On Ocean Shipping?
You can find similar books in the "Read Also" column, or choose other free books by Zimmermann, Erich W. (Erich Walter), 1888- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Again the distinction is made between "valued" and "open" policy. In the "valued" policy the agreed value of the prop- erty affected is given, while in the case of the "open" policy no value is stated ; it must be ascertained in the event of loss.
The difference between "floating" and "named" policy is that the first is secured by the shipper before he has learned the name of the vessel upon which his goods will be shipped; but when the vessel's identity becomes known, its name is declared to t...he underwriter and endorsed on the policy which then becomes the "named" policy. "Wager," "honor," or "P. P. I." ' policies are issued when the insurer does not possess "a genuine interest" in the property covered by the contract. Since, however, the law recognizes no policies without a "genuine interest" of the insurer, such policies are not legally enforceable; enforcement depends upon the honor or good faith of the parties involved. Policies may also be divided according to the time during which they protect the insured property.
What to read after Zimmermann On Ocean Shipping?
You can find similar books in the "Read Also" column, or choose other free books by Zimmermann, Erich W. (Erich Walter), 1888- to read onlineMoreLess
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