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Benefit of Insurance Clause

Home Shipping Terms & Glossary Benefit of Insurance Clause
May 6, 2025 0 comments by Christopher Hardwick

Clause by which the bailee of goods claims the benefit of any insurance policy effected by the cargo owner on the goods in care of the bailee. Such a clause in a contract of carriage issued in accordance with the Carriage of Goods by Sea Act is void at law.

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