Essays about: "Duncan Richmond"

Found 1 essay containing the words Duncan Richmond.

  1. 1. Third Party Claims against P&I Clubs and the “pay to be paid” Rule

    University essay from Lunds universitet/Juridiska institutionen

    Author : Duncan Richmond; [2010]
    Keywords : Maritime law; Law and Political Science;

    Abstract : The “pay to be paid” Rule is a fundamental component of Protection & Indemnity (hereinafter referred to as “P&I”) insurance policies, which requires a Club Member to discharge his liabilities to the injured third party before he can be indemnified by the P&I Club. If the Club Member cannot compensate the third party as a result of insolvency, the third party is denied full satisfaction of his judgment against the Member. READ MORE