In marine insurance, loss sustained by necessary sale of goods at port prior to expected destination because of “perils of the sea.” Treated as total loss with amount realized from sale of goods credited on amount payable under policy.
In marine insurance, loss sustained by necessary sale of goods at port prior to expected destination because of “perils of the sea.” Treated as total loss with amount realized from sale of goods credited on amount payable under policy.
to receive our FREE white papers: