“Vessel Casualty Report gives details of vessels which have met with some casualty while carrying cargo from one Port to another and which may have resulted in (i) loss/damage to the cargo carried in the vessel or (ii) General Average Loss/Expenditure. Please go through the Casualty Report and check whether your cargo had been carried in any of the vessels mentioned therein and check...

“Vessel Casualty Report gives details of vessels which have met with some casualty while carrying cargo from one Port to another and which may have resulted in (i) loss/damage to the cargo carried in the vessel or (ii) General Average Loss/Expenditure. Please go through the Casualty Report and check whether your cargo had been carried in any of the vessels mentioned therein and check...

The employer will not be denied its claim under motor vehicle policy as per recent Supreme Court judgement if his or her driver produces fake or invalid license. Generally, there is a condition in standard Motor vehicle act policy, which states:- Breach of conditions under section 149(2) (a) of the motor vehicles act absolves the insurer of its liability to...

Global spread of Corona Virus The coronavirus COVID-19 has affected 109 countries and territories around the world and 1 international conveyance (the Diamond Princess cruise ship harbored in Yokohama, Japan). As on 09th March 2020, total 1,11,318 persons are affected all around the world. Out of which 62,661 patients have recovered and deaths reported is 3,882 (i.e. 3.48%). Number of...

Corporate insolvencies are expected to grow 2.4% in 2020, a pronounced acceleration from the 1.4% increase recorded in 2019, largely resulting from the Coronavirus outbreak. The coronavirus outbreak slows in China and accelerates in the rest of the world, especially South Korea and Italy. The outbreak of the coronavirus though is compounding the challenges to global trade and manufacturing, by...