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CHAPTER 5 Cargo insurance and ‘perils of the sea’

Perils of the Seas and Inherent Vice in Marine Insurance Law

Page 89 CHAPTER 5 Cargo insurance and ‘perils of the sea’ Introduction The term ‘all risks’ encompasses all forms of loss, including and excluding losses that are specifically laid down in the Institute Cargo Clauses. The term ‘major difficulty’ has been faced in the context of ‘all risks’ policies on cargo and has been the determination of types of loss.

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