Charterers and traders
Charterers and traders insurance is available to charterers of ships on both a time and voyage basis. Cover includes risks covered by conventional P&I insurance, including pollution, cargo, personal injury, fines and wreck removal, as well as additional risks specific to charterers, such as damage to hull, detention, contribution to general average and salvage, and war and terrorism.
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Thailand - Time Bars
As a civil law country, the general provisions of prescription are provided by the Civil and Commercial Code ("the Code") in its Book I, Title IV, Chapters I and II which came into force in 1923 and was subsequently amended in 1925 and 1992. In principle, the period of prescription begins to run from the moment when the claim can be enforced. If the claim is for forbearance, prescription begins to run from the moment when the right is first infringed (Section 193/12 of the Code).
Finland - Time Bars
According to the general principle of law debts shall be time bared if the creditor does not demand settlement within a reasonable time. Rules to shorten the limitation periods are implemented in Finnish legislation. The general law on time bar applicable to debts and other obligations are laid down in law 2003/728 Act on Limitations on debts. These general rules are applicable to all sorts of obligations (money, goods, services, damages, indemnities etc.) but do only apply if no special regulations on time bar are stipulated elsewhere in the legislation.