The Effects Of The Claim Period Clause Under The Deposit Liability Insurance For Non-vessel Operating Common Carrier
Most of the non-vessel operating
common carrier deposit liability insurance (hereinafter referred to as ‘NVOCC
deposit liability insurance’) provides for a claim period in the insurance
liability clause, which means that the claimant is obliged tosue
the insured and obtain the effective judgment documents within the insurance
period. The clause should be treated as null and voidfor
exemptingthe insurer from main responsibility,
increasing the liability of the claimant and excluding the main rights of the
claimant in an inappropriate manner, that violates the
principle of good faith.