{"id":345,"date":"2020-04-14T10:28:35","date_gmt":"2020-04-14T10:28:35","guid":{"rendered":"https:\/\/sudhirkumarjain.com\/shop\/?p=345"},"modified":"2020-04-22T10:28:54","modified_gmt":"2020-04-22T10:28:54","slug":"insurance-issue-of-the-week-38","status":"publish","type":"post","link":"https:\/\/sudhirkumarjain.com\/shop\/insurance-issue-of-the-week\/insurance-issue-of-the-week-38\/","title":{"rendered":"Insurance Issue of the week-38"},"content":{"rendered":"<p><strong>Bulk Oil Clauses- Guaranteed Out-Turn Under Marine Insurance <\/strong><\/p>\n<p>Kindly ensure that \u201c Guaranteed Out-Turn\u201d (GOT) clause is included under marine insurance of Bulk Oil. It covers the loss \u201c for leakage and \/or\/shortage the difference between the quantity loaded as evidenced by the Bill of Lading and the quantity discharged determined by the outturn survey report\u201d shall be payable subject to <strong><em>warranty that \u201c the Assured should ensure that tank\u2019s\u00a0\u00a0 be cleaned, tested and approved prior to loading of cargo and a certificate therefore be given by a Surveyor at Port of loading.<\/em><\/strong><\/p>\n<p>Generally the excess under this clause will be 0.5 % irrespective of the other excess applicable otherwise.<\/p>\n<p>Further if the condition in the Letter of Credit is that quantity supplied by the Supplier is subject to adjustment of +\/-\u00a0 2% which means up to 2% loss of quantity is not payable to the Supplier . Hence no claim is payable if the loss is up to 2%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bulk Oil Clauses- Guaranteed Out-Turn Under Marine Insurance Kindly ensure that \u201c Guaranteed Out-Turn\u201d (GOT) clause is included under marine<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-345","post","type-post","status-publish","format-standard","hentry","category-insurance-issue-of-the-week"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/comments?post=345"}],"version-history":[{"count":1,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/345\/revisions"}],"predecessor-version":[{"id":346,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/posts\/345\/revisions\/346"}],"wp:attachment":[{"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/media?parent=345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/categories?post=345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudhirkumarjain.com\/shop\/wp-json\/wp\/v2\/tags?post=345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}