A<br/>letter of indemnity is written to the indemnitee, the party<br/>receiving the indemnity. ( )
A<br/>letter of indemnity is written to the indemnitee, the party<br/>receiving the indemnity. ( )
Normally<br/>there should be two parties in LOI: the carrier seeking the<br/>indemnity and the importer granting the indemnity. ( )
Normally<br/>there should be two parties in LOI: the carrier seeking the<br/>indemnity and the importer granting the indemnity. ( )
Caigo insurance is a contract of indemnity.( )
Caigo insurance is a contract of indemnity.( )
Marine cargo insurance contract is a contract of indemnity.
Marine cargo insurance contract is a contract of indemnity.
Any party of a contract is entitled to claim indemnity if they suffer a loss.
Any party of a contract is entitled to claim indemnity if they suffer a loss.
The indemnity principle is also appliable to life or personal accident insurance.
The indemnity principle is also appliable to life or personal accident insurance.
If the insured asks for indemnity, it must have insurable interest in the subject matter of insurance.
If the insured asks for indemnity, it must have insurable interest in the subject matter of insurance.
______ refers to the maximum amount which the insurer undertakes to pay for indemnity or for its insurance obligations.
______ refers to the maximum amount which the insurer undertakes to pay for indemnity or for its insurance obligations.
Fundamental principles of cargo insurance include __________. A: insurable interest B: utmost good faith C: indemnity D: proximate cause
Fundamental principles of cargo insurance include __________. A: insurable interest B: utmost good faith C: indemnity D: proximate cause
The marine cargo insurance is based on the principles of( )。 A: indemnity B: utmost good faith C: insurable interest D: proximate cause
The marine cargo insurance is based on the principles of( )。 A: indemnity B: utmost good faith C: insurable interest D: proximate cause