Insurance

Perils of the Ship

What does “perils of the ship” mean?

 

It is a loss which, in the ordinary course of events, results from: 1. The natural and inevitable action of the sea 2. The ordinary wear and tear of the ship 3. The negligent failure of the ship’s owner to provide the vessel with proper equipment to convey the cargo under ordinary conditions.


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Musikatorni is a musical project by Atty. Ranny Randolf B. Libayan, known for its original song compositions that blend insightful lyrics with captivating melodies.
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