Search results
Results From The WOW.Com Content Network
A peculiarity of marine insurance, and insurance law generally, is the use of the terms condition and warranty. In English law, a condition typically describes a part of the contract that is fundamental to the performance of that contract, and, if breached, the non-breaching party is entitled not only to claim damages but to terminate the ...
Under Section 39 of the Marine Insurance Act 1906, in a voyage policy there is an implied warranty that the vessel is "reasonably seaworthy in all respects": S. 39 (1) In a voyage policy there is an implied warranty that at the commencement of the voyage the ship shall be seaworthy for the purpose of the particular adventure insured.
The FTC has enacted regulations governing the disclosure of written consumer product warranty terms and conditions on consumer products actually costing the consumer more than $15. The Rules can be found at 16 C.F.R. Part 701. Under the terms of the Act, ambiguous statements in a warranty are construed against the drafter of the warranty.
Fundamentally, the main duty of the seller is to deliver the ship by the terms, conditions, and warranties of the contract. The time of delivery may or may not be an essential part of the contract depending on the clause of the contract.
Lawsuits brought for the breach of an obligation under a charterparty fall within admiralty jurisdiction. If a breach of charter terms creates a maritime lien, the suit may be in rem (i.e. against the vessel itself). [citation needed] In pleasure boating, the most frequent charter arrangement is bareboat yacht charter. A voyage or time charter ...
Repayment terms Most lenders offer boat loans with repayment terms ranging to 15 years, with some institutions offering repayment terms up to 20 years. Unsecured boat loan terms are often shorter ...
21. Patagonia. Outdoor gear-maker Patagonia calls its lifetime warranty an “Ironclad Guarantee.” If you buy Patagonia apparel and gear for climbing, skiing, snowboarding, surfing, fly fishing ...
Initially, the Directive established four categories that permit the allowable wind and wave conditions for vessels in each class: [5] Class A - the boat may safely navigate any waters. Class B - the boat is limited to offshore navigation. (Winds up to Force 8 & waves up to 4 metres) Class C - the boat is limited to inshore (coastal) navigation.