 | Law - 1922 - 738 pages
...machinery valued at 313,050!. . . . subject to Institute Time Clauses." Clause 18 of the latter provided: " In ascertaining whether the vessel is a constructive...loss the insured value shall be taken as the repaired vain?." The re-insurance policy contained the words, " The said ship, &c., goods and merchandise, &c.,... | |
 | Law reports, digests, etc - 1925 - 1300 pages
...Institute Clauses which form part of the contract also contain the following special clause : — '14. In ascertaining whether the Vessel is a constructive...the repaired value, and nothing in respect of the damage or break-up value of the vessel or wreck shall be taken into account.' " The following is a... | |
 | William Gow - 1909 - 504 pages
...clause which would by special agreement override that decision. The form adopted was as follows: — "In ascertaining whether the vessel is a constructive total loss, the insured value shall be taken on the repaired value and nothing in respect of the damaged or break-up value of the vessel or wreck... | |
 | William Gow - Insurance law - 1914 - 528 pages
...consequence of this decision underwriters were compelled to revise the valuation clause and make it read : In ascertaining whether the vessel is a constructive...of the vessel or wreck shall be taken into account. The regulations made in this section for estimating the cost of repairs do not state explicitly that... | |
 | Sir Joseph Arnould - Average (Maritime law) - 1914 - 1014 pages
...full, whether the vessel be fully or only partly loaded or in ballast, chartered or unchartered. o. In ascertaining whether the vessel is a constructive total loss the insured value in the policies on ship shall be taken as the repaired value and nothing in respect of the damaged... | |
 | Great Britain - World War, 1914-1918 - 1915 - 518 pages
...Protection Association shall be recoverable under this policy. (11) In ascertaining whether a ship is a constructive total loss the insured value shall...repaired value, and nothing in respect of the damaged or breaking up value of the ship shall be taken into account. (12) In the event of total or constructive... | |
 | George Maitland Lazarus - Freight and freightage - 1915 - 336 pages
...full, whether the vessel be fully or only partly loaded or in ballast, chartered or unchartered. 5. In ascertaining whether the vessel is a constructive total loss the insured value in the policies on ship shall be taken as the repaired value, and nothing in respect of the damaged... | |
 | William Gow - Insurance law - 1917 - 520 pages
...full, whether the vessel be fully or only partly loaded or in ballast, chartered or unchartered. 5. In ascertaining whether the vessel is a constructive total loss the insured value in the policies on ship shall be taken as the repaired value and nothing in respect, of the damaged... | |
 | William Franklin Gephart - Insurance - 1918 - 320 pages
...Protection Association shall be recoverable under this policy. (11) In ascertaining whether a ship is a constructive total loss, the insured value shall...repaired value, and nothing in respect of the damaged or breaking up value of the ship shall be taken into account. ( 12) In the event of total or constructive... | |
| |
In ascertaining whether the Vessel is a constructive total loss the insured value shall be taken as the repaired value and nothing in respect of the damaged or break-up value of the Vessel or wreck shall be taken into account. 
