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constructioncredit riskbroker duties
ABN Amro Bank NV v Royal & Sun Alliance Insurance Plc
[2021] EWHC 442 (Comm)
Key Principle
An all-risks marine cargo policy can, on its true construction, provide credit-risk cover where a bespoke clause clearly so provides; clear contractual language prevails, and arguments of rectification, estoppel and avoidance for non-disclosure/misrepresentation will fail where not made out, while a broker owes duties at placement.
Area of Law
General
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