Colombian Trade Code - Decree 410 of 1971 - Book Five - Navigation - Part One - From the Navigation Aquatics - Title XIII - Marine Insurance - Chapter I - Object of Marine Insurance - From: Section 1703 At: Art: 1708
TITLE XIII MARITIME SECURITY CHAPTER I Purpose of the marine insurance Section 1703 .- The object of marine insurance all risks inherent in shipping. The marine insurance contract may be extended to the protection of risk land, river or air to a sea expedition accessories. Section 1704 .- There will be sea expedition: 1. When the ship, goods or goods that are transported in it, they are exposed to maritime risks; 2. When the freight, passenger, commission, profit or other pecuniary benefit, or security for any loan, advance or payment, it might harm from such risks, and 3. When the owner or other interested person in the insured property or person responsible for preservation, may incur liability to third thanks to the risks identified. Section 1705 .- The term marine risks which are specific to maritime navigation in or incidental to it such as storm, shipwreck, stranding, collision, explosion, fire, pillage, piracy, war, capture, seizur...
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