subject cargo 1. What is representation? Explain TWO (2) ways that assured could
ID: 410735 • Letter: S
Question
subject cargo
1. What is representation? Explain TWO (2) ways that assured could do to disclose all information as a method of representation.
b. Please read the case given below and answer the following questions
Based from the case Noten BV v Harding, where the immediate cause of wet damage to the consignment of gloves were shipped wet which with the excessive moisture given the conditions in which they are expected to be carried. The result of the gloves being shipped wet was that the water from the gloved migrated to the roof of the container and form condensation so that when colder weather was encountered, moisture then fell back on to the gloves.
Based on the situation, explain the proximate cause and the rule of thumb for the above case.
Singapore Strait and Malacca Strait is among the dangerous and busiest maritime passage in the world. Explain these statement.
Explanation / Answer
1) Representation is declaration about the true and fare nature of information that is given by assured on the basis of which an insurance policy is accepted.The representation can either be done in writing and inserted in contract or by oral expression so that the insurer can correctly assess the risk involved in entering into a contract.
Singapore and malacca straits are narrow corridors walled by singapore and malaydia on one side and indonesia on the other. This narrow strait has been declared the most dangerous by UN because of the number hijacks and attampted attacks on ships in this area. More than a lakh ship travel through this route every year and it is one of most busiest route to connect china and japan with the rest of asia and africa. It mostly sees oil transits between the two sides.
Armed and organised sea pirates zero in on ships entering the south china sea through this route. According to a survey piracy claims around 10 to 12 billions of losses wvery year. The share of piracy attacks in the mallacca and singapore straits account for a large scale of those losses.
Looking at the trade and scale of piracy attacks in the region, it is safely catagorised as the most dangerous maritime pasaages in the world.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.