Mutual insurance association letter of undertaking: for notice of assignment of insurances in shipping finance
Mutual insurance association letter of undertaking: for notice of assignment of insurances in shipping finance

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • Mutual insurance association letter of undertaking: for notice of assignment of insurances in shipping finance

[to be printed on headed notepaper of Association]

[insert name of assignee]

[insert address of assignee]

Dear Sirs

m.v. '[insert name of vessel]'—[insert name of owner]

We acknowledge receipt of a letter from [insert name] dated [insert date] enclosing notice of assignment to you dated [insert date] of the insurances on the above ship. So far as this Association is concerned, the managers do not consent to such assignment for the purposes of Rule 15