[C164]
Used in ocean marine hull, cargo and freight policies, setting forth the insured's responsibilities and the underwriter's obligations, with respect to the insured's interest, when involved in a general average and/or an act of salvage. The insured can be a coinsurer if the insured's interest is underinsured.
(See General Average.)
Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100