The Interpretation of War Clauses in Aviation and Marine Insurance Contracts
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Date
2004
Advisor
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E-ISSN
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Б. в.
Abstract
Аs a rule, war risks are not includ-
ed in the standard policy of protection and indemnity clubs and are insured on the basis of a separate insurance policy. On the contrary, any aviation or marine insurance agreement contains a "war clause", providing that certain regions are denied insurance, as air or sea travel in these regions is extremely dangerous, thus the risk of the occurrence of insured accidents is increasing considerably. If an insurance accident occurs to an aircraft or sea vessel in one of
the regions excluded from the insurance
protection area, insurance indemnity is
not paid even if the cause of the insured
accident is not related to military opera-
tions in any way.
Description
The Ukranian Journal of Business Low.-2004.- Vol. 2, No. 3
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Citation
The Ukranian Journal of Business Low = Український журнал підприємницького права