Colombian Trade Code - Decree 410 of 1971 - Book Five - Navigation - Part One - From the Navigation Aquatics - Title XIII - Marine Insurance - Part II - Aeronautics - Chapter XIV - Insurance - From: Section 1900 to: 1903 Art
CHAPTER XIV
Insurance
Section 1900 .- The public transport companies are obliged to caution that civil liability deal with Chapters VI, VII and XII by:
1. Insurance contract;
2. Guarantee issued by bank or
3. Cash deposit or securities in the bag.
Such bonds or insurance shall be constituted by a minimum amount of the liability limits set out in this
Code.
The deposit can be taken by fifty percent of the total capacity of the aircraft, without this meaning that changes the limit of liability for each passenger.
Foreign companies operating in Colombia must establish bond for an amount not less than the limits set by international agreements or, failing that, to what is established in this Code.
Section 1901 .- Colombian companies international public transport must also be guarantees for up to the limits of liability brought by international agreements to which Colombia is a party and with respect to international operations.
Other civilian aircraft flying over Colombian territory, whether domestic or foreign, must ensure their accountability from third-party damage to the surface and approach to the limits in this Code.
Section 1902 .- Amounts due to the operator because of the bonds referred to in this Chapter shall not be seized or kidnapped by persons other than those who suffer damages relating to such guarantees have not been compensated as such damages.
Section 1903 .- Air to the insurance contract shall apply, as relevant, the rules on marine insurance contained in this Code.
Code.
The deposit can be taken by fifty percent of the total capacity of the aircraft, without this meaning that changes the limit of liability for each passenger.
Foreign companies operating in Colombia must establish bond for an amount not less than the limits set by international agreements or, failing that, to what is established in this Code.
Section 1901 .- Colombian companies international public transport must also be guarantees for up to the limits of liability brought by international agreements to which Colombia is a party and with respect to international operations.
Other civilian aircraft flying over Colombian territory, whether domestic or foreign, must ensure their accountability from third-party damage to the surface and approach to the limits in this Code.
Section 1902 .- Amounts due to the operator because of the bonds referred to in this Chapter shall not be seized or kidnapped by persons other than those who suffer damages relating to such guarantees have not been compensated as such damages.
Section 1903 .- Air to the insurance contract shall apply, as relevant, the rules on marine insurance contained in this Code.
Comentarios