What marine insurers can learn from the RENOS case?
Source: Middle East Insurance Review | May 2017
When assessing a constructive total loss of a ship, should the value of salvage services incurred prior to the issuance of a Notice of Abandonment be taken into account? Mr Grant Pilkington of Clyde & Co offers advice in the context of a court decision in the RENOS engine room fire insurance claim and highlights its relevance for marine insurers in the UAE and Saudi Arabia.
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