Loss, Liability and Warranty Surveys

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In this recent Federal Court case, the Court had to decide on the extent of warranties and assurance provided by marine surveyors in providing a survey report for insurance purposes.

Essentially, the question for determination was whether or not the survey report provided by the marine surveyors was a warranty survey. The Court held that the report was not a warranty survey, as a result of which the logistics provider (and their insurer) who had relied upon it as such could not recover their losses due to damage to the shipment.

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