Page 19 - Marine Insurance IC67 EBOOK

The Insurance Times
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TYPES OF CHARGES IN MARINE CLAIMS

LOSS PREVENTION CHARGES EXTRA CHARGES

PARTICULAR SUE & LABOUR SALVAGE
CHARGES CHARGES CHARGES

1. Incurred for avoiding 1. Incurred to avoid 1. They are remuneration 1. Survey fees.
loss - whether already loss where peril payable to 3rd parties 2. Auction charges.
occurred or not insured must have who independently of 3. Sale charges.
given rise to loss any contract, render 4. Warehousing charges.
2. Incurred either short services to save life or 5. Loading / unloading
of destination or at 2. Incurred only short property at sea.
the destination of destination charges & other port
2. They are payable on expenses.
"no cure, no fee" ‘basis’

1. Must be incurred for the benefit of specific interest and not for the common venture.
2. Must be incurred by the insured or his agent.
3. Paid in full-under-insurance not applied even if it is applied on the claim on cargo.
4. These charges are paid over and above the sum-insured for cargo.