The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:
To: The mortgagee/lessor/guarantor
m.v. '[name of vessel]'—[name of owner]
We confirm that we have effected insurances for the account of the above owners as set out in Appendix 'A' attached.
Pursuant to instructions received from the above owners and/or their authorised manager or agents, and in consideration of you approving us as the appointed brokers in connection with the insurances covered by this letter, we hereby undertake:
to hold the insurance slips or contracts, the policies when issued, and any renewals of such policies or new policies or any policies substituted therefor with your consent as may be arranged through ourselves and the benefit of the insurances thereunder to your order in accordance with the terms of the loss payable clause[s] set out in
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.