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A Sue and Labor clause Ispecifies that the insurer will relmburse the shlpper for goods that have been abandoned after a stranding or a sinking,
A "Sue and Labor" clause
Ispecifies that the insurer will relmburse the shlpper for goods that have been abandoned after a stranding or a sinking, as long as the cosis of recovering the goods making them marketable is greater than their value.
directs the shipper to act in the best interest of the insurance company when a loss occurs.
covers losses stemming from a grounding of the ship.
Is the same as an thchmoree clause.
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