Scribd Logo
Upload

Welcome to Scribd!

  • 44 views

    Letter of Undertaking For Marine Insurance: M.V. "Red Lily"

    Uploaded by

    Rafed al shad
    (1) This letter confirms marine insurance for the vessel M.V. "Red Lily" with Tokio Marine & Nichido Fire Insurance Co., Ltd and two other insurers. (2) The insurance provides hull and machinery coverage as well as war risk coverage from July 20, 2020 to July 20, 2021 for a sum insured of $28,000,000. (3) The letter outlines the key terms of the insurance policy including trading limitations, applicable clauses and conditions, deductibles, and the co-insurers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Letter of Undertaking For Marine Insurance: M.V. "Red Lily"

    Uploaded by

    Rafed al shad
    44 views1 page
    (1) This letter confirms marine insurance for the vessel M.V. "Red Lily" with Tokio Marine & Nichido Fire Insurance Co., Ltd and two other insurers. (2) The insurance provides hull and machinery coverage as well as war risk coverage from July 20, 2020 to July 20, 2021 for a sum insured of $28,000,000. (3) The letter outlines the key terms of the insurance policy including trading limitations, applicable clauses and conditions, deductibles, and the co-insurers.

    Original Title

    H & M_

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    (1) This letter confirms marine insurance for the vessel M.V. "Red Lily" with Tokio Marine & Nichido Fire Insurance Co., Ltd and two other insurers. (2) The insurance provides hull and machinery coverage as well as war risk coverage from July 20, 2020 to July 20, 2021 for a sum insured of $28,000,000. (3) The letter outlines the key terms of the insurance policy including trading limitations, applicable clauses and conditions, deductibles, and the co-insurers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    44 views1 page

    Letter of Undertaking For Marine Insurance: M.V. "Red Lily"

    Uploaded by

    Rafed al shad
    (1) This letter confirms marine insurance for the vessel M.V. "Red Lily" with Tokio Marine & Nichido Fire Insurance Co., Ltd and two other insurers. (2) The insurance provides hull and machinery coverage as well as war risk coverage from July 20, 2020 to July 20, 2021 for a sum insured of $28,000,000. (3) The letter outlines the key terms of the insurance policy including trading limitations, applicable clauses and conditions, deductibles, and the co-insurers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    LETTER OF UNDERTAKING FOR MARINE INSURANCE

    To: SANTOKU SENPAKU CO., LTD


    20 July, 2020
    Dear Sirs,
    M.V. “RED LILY”

    We hereby confirm that Marine Insurance for the Vessel is insured with the terms and conditions set out hereunder.
    We draw your attention to that the Insurer(s) hereby undertake subject always to the provisions, exclusions, terms and conditions of the Policy, the
    Endorsement attaching to and forming part of the Policy, and the Clauses written in the Policy and the Endorsement of the Vessel, in consideration
    of the payment to Insurer(s) of the premium on or before the deferred due date subject to Premium Clauses (For Deferred Due Date) (1/4/2016).
    This letter of undertaking is replaced by the Policy once being issued.

    Type : (1) Hull and Machinery Insurance (Marine) Policy No : (1) Pol.# 12047T01365
    (2) Hull and Machinery Insurance (War) (2) Pol.# 12047TR1384
    Assured(s) : LUCRETIA SHIPPING S.A.
    Vessel : “RED LILY” (2017BLT, 43,036G/T)
    Period : (1),(2),(3),(4) with effect from 20th July, 2020 to 20th July, 2021
    Interest : (1) Hull and Machinery, Equipment etc.
    (2) Hull and Machinery, Equipment and P & I
    Sum Insured Value and Amount: (1), (2) US$28,000,000
    Trading Warranties: (1) World-wide Trading Warranties (1/4/97)
    (2) War Risk Navigation Limitations and Named Listed Areas Calls and Transits Clauses as described in
    Tokio Marine & Nichido Fire Insurance Homepage (URL: www.tokiomarine-nichido.co.jp/)
    Conditions : (1) Institute Time Clauses - Hulls (1/10/83) Amended for Japanese
    Clauses Class No.6 (4/2010) and Institute Additional Perils Clauses - Hulls Amended (4/2010)
    (For use only with the Institute Time Clauses - Hulls 1/10/83 Amended for Japanese Clauses Class No.6)
    (2) Institute War and Strikes Clauses Hulls-Time (1/10/83) Amended (4/2010),
    War Risk Protection and Indemnity Clauses (Hulls) (1/4/2014) and War Risk Protection and
    Indemnity Clauses (Crew Liability) (1/4/09)
    Deductible : (1) JPY 10,000,000 per Deductible Clauses(G)(1/4/2010)
    (2) NIL
    Insurer(s) : 50% Tokio Marine & Nichido Fire Insurance Co., Ltd. (Leading Insurer)
    30% Sompo Japan Insurance Inc.
    20% Mitsui Sumitomo Insurance Co., Ltd.
    This undertaking is on co-insurance basis subject to Co-Insurers Clauses (1/4/96).

    All the other terms, conditions, limitation, exclusions are subject to the Policy and Endorsement.

    Yours faithfully,
    Tokio Marine & Nichido Fire Insurance Co.,Ltd.

    Hayato Maeda
    Manager, Nishi-Nihon Marine Industry Production Dept.

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy