Commentary

134 Extent of indemnity under the Government Indemnity Scheme

BAILMENT vol 3(1)
| Commentary

134 Extent of indemnity under the Government Indemnity Scheme

| Commentary

134 Extent of indemnity under the Government Indemnity Scheme

The indemnity is usually ‘nail-to-nail’, that is to say that it applies in respect of loss of or damage to the object whilst on loan to the borrower and while being taken to the place where it is kept while on loan and when returned from that place1. There is a maximum loan period of three years2.

The indemnity is entered into between the Secretary of State and the owner and the consideration for the contract is the owner’s lending of the object and the Secretary of State’s undertaking to

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