The material damage provison of the LOP says there has to be an indemnifiable loss or damage under the material damage policy for the LOP claim to trigger. “……the Company agrees (subject to the Special Conditions and Exclusions contained herein Read more…
Animal attacks can take various forms: 👉In one factory, rodents chewed through the wires causing short-circuiting and breakdown of an electric motor. 👉A troop of monkeys entered a factory and caused damage to the stocks lying in the warehouse. 👉A Read more…
The ongoing Israel-Hamas conflict has sent shockwaves worldwide, not only due to its geopolitical implications but also because of the unforeseen consequences it brings to various industries. This comprehensive blog post delves into the less-discussed impact of the conflict on Read more…
Ports and terminals play a vital role in global trade and commerce, serving as gateways for the movement of goods and cargo. However, these bustling hubs face various risks that can impact their operations, financial stability, and reputation. To safeguard Read more…
