Space and Non-reciprocal charter parties
Where operators have reciprocal space sharing with other operators, though they issue their own bills of lading, the standard Rules cover generally provides USD 350 million coverage per event.
However, operators frequently buy space or slots where the basis is not reciprocal, and hence need additional coverage. The Club offers various limits of coverage for the potential exposure to cargo claims under a bill of lading where cargo is carried on another owners ship.
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IG Letters of Indemnity
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QCR Summer 2019: Delivery of cargo to a person not entitled to delivery under the bill of lading does not cause the bill to be spent
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