...`Institute of London Underwriters’ had shown the moulds as new ones. The certificate issued by supplier `Silver Jet Ltd.’ dated 15-9-1990 states that the moulds were designed and fabricated especially for the...[Order per : S.L. Peeran, Member (J)]. - The Revenue is aggrieved with the Order-in-original dated 7-1-1991 passed by the Collector of Customs, Panaji, Goa. By this order..., the ld. Collector has ordered for dropping the adjudication proceedings and has further directed that the importers shall produce the authorisation from the Ministry of Defence/Coast Guard before the...

...-all risks, Institute classification clauses, Post parcel clauses, Institute war and Institute strike clauses.” The meaning of Institute Cargo Clauses (ICC) is as under:Institute c...the policy document. The first page of the insurance policy document did note that the policy was subject to the “Institute cargo clauses-A, Institute all cargo clauses-A, Inland transit (Rail/Road) A...American Institute of Marine Underwrite Rs. Widest insurance cover is provided under ‘Institute Cargo Clause A’, a more restrictive cover under ‘Institute Cargo...

...National Commission held that as the insurance policies clearly stated that the claim was “payable at London” and the declared invoice value and the insured value of the consignments were in terms of...terms of the policy, the insured amount was payable at London and, therefore, the payment to be effected has to be in Pounds Sterling. The consignment of the precious stones was dispatched in favour of...M/s Emdico (London) Limited. As per the insurance policy, the claim for settlement was given to M/s W.K Webster & Company, 6 Lloyd's Avenue, London. The contention of the respondent is that as the...

...to have been hospitalised from 25-7-1988 to 4-8-1988. A sum of Rs 3 lakhs allegedly was spent on his treatment at London, borne by his son.4. On return to India, the...India Institute of Medical Sciences, New Delhi (for short ‘AIIMS’). Applying that yardstick, as suggested, a sum of Rs 30,000 on account of bypass surgery and a sum of Rs 10,000 for angiography was...rates prevalent in the Escorts Heart Institute and Research Centre (for short ‘Escorts’), reducing his high claim to the expenses incurred for medical treatment in London. There is an inkling to that...

...about the risk involved, the premium payable, the period of coverage and the portion of risk which is sought to be reinsured. The said London brokers contacted various underwriters and after getting...of this insurance risk, the appellant contacted Messrs Sedgwick Offshore Resources Ltd., London who are brokers in London for placement of reinsurance business. The appellant furnished all the details...after deducting the brokerage, was remitted to the London brokers with the permission of the Reserve Bank of India. According to the appellant, the amount of commission retained by it was a receipt of...

...underwriters at Lloyd's can be made payable by Lloyd's agents all over the world, thereby obviating the necessity of referring claims to London for settlement. The entire underwriting business at Lloyd's...Products Pvt. Ltd. with underwriters at Lloyd's dated 6 August, 1959 by which they undertake to issue to M/s. Walrond, Scarman and Company duly stamped floating policies of Marine Insurance at Lloyd's to...agents of the individual underwriters. They perform important functions as surveyor and in many ways render services. The Committee of Lloyd's have made arrangements whereby claims on policies of...

..., Acton, W3, London. At the same time, he pursued his medical studies. He got himself registered as a postgraduate student at Royal National Institute of Orthopaedics, London on 12-3-1979. Jagdish Singh...Namita. They found the respondent to be a suitable match for their daughter. After making the selection of the proposed groom, Namita was called from London. The engagement ceremony was held between...with her parents returned to London on the night of 5-9-1978.10. As arranged, the respondent reached London on 27-2-1979. He started living with his in-laws at 22, Friars Way...

...in favour of the insurance Company as a subrogee was competent to institute and maintain the suit against the Railway Administration.3. We agree with the reasoning and...conclusion of our learned Brother Mathew that subrogation does not confer any independent right on underwriters to maintain in their own name and without reference to the persons assured an action for...with the insurance company of certain goods to be shipped to London. Before the cargo left Australia it was damaged or destroyed through the negligence of the defendant King, an employee of the...

...as “Institute of Certified Financial Analysts”, which was changed to “Institute of Chartered Financial Analysts of India”. The appellants contend that it offers the Chartered Financial Analyst course...a purported caution to members about the appellant Institute was published in the following terms:“It has come to the notice of the Institute that the Institute of...the name, which is very close to the letters ‘FCA’ conferred by the Institute of Chartered Accountants of India. He has further opined that the activities of the Institute of Chartered Financial...

...Insurance Company for a sum of Rs 39,90,122 against the peril and/or risk of non-delivery of the said goods. The policy contained Institute Cargo clause (C). It also expressly included the risk of non...-delivery of even a single piece of log.4. The relevant clauses of the said contract are as under:“Institute Cargo clause (C...before delivery of the goods as provided for in clause 8 above, then this insurance shall also terminate unless prompt notice is given to the underwriters and continuation of cover is requested when...

...130,44,00,00 American Depository Shares. Further, an additional number of American Depository Shares upto 19,56,00,00 were to be underwritten, at the option of the underwriters. In terms of the...underwriting agreement, between the appellant and the above mentioned underwriters, it had been agreed that the appellant would sell to the underwriters, American Depository Shares, at the price of USD 13.193...underwriters or their agents, through the facility of depository, being Citi Bank N.A The appellant had entered into a depository agreement with Citi Bank N.A, a National Banking Association, organised...

.... The price of the imported copper is determined on the basis of the price listed at London Metal Exchange. For manufacturing copper cathodes, the appellant requires substantial capital for sourcing the...option of the underwriters. In terms of the underwriting agreement, between the appellant and the above mentioned underwriters, it had been agreed that the appellant would sell to the underwriters...underwriter shall be delivered to the underwriters or their agents, through the facility of depository, being Citi Bank N.A. The appellant had entered into a depository agreement with Citi Bank N.A., a...

...irrespective ot percentage". According to Clause 3 of the Institute War Clauses, "the insurance against the risks covered by these clauses attaches from the time the interest hereby insured leaves the...by the consignors themselves is an external cause? In my judgment the answer must be in the negative. Underwriters in a policy of marine insurance undertake, in consideration of a...1. The plaintiff-appellant, Mohan Lal Kalia, placed an order with the respondent, Messrs. Wood Trading Co., Hongkong for 2,50,000 hosiery needles at a rate of Rs. 12/- per thousand. The...

...Macleod, C.J:— The plaintiffs filed this suit against the defendant, the Senior Member of Lloyd's Underwriters, London, on a policy of March 24, 1920. The Policy contained the following...clause:—“It is mutually agreed that in accordance with the aforesaid regulations the benefit of this Policy and the right to receive or endorse over claims thereon may be passed, whether...before or after claim by endorsement, and that such endorse or the bearer of the Policy if endorsed in blank, on production of this Policy shall have power to receive and give receipts for or to endorse...

...relying upon Clause 9 of the Institute Cargo Clauses A of the policy and pleaded that it cannot be accused of deficiency in service because the appellant did not promptly give intimation about the...appellant had been intimated about discharge of the cargo at Colombo Port, it did not promptly inform the Insurance Company as per the requirement of Clause 9 of the Institute Cargo Clauses....9. Clause 9 of the Institute Cargo Clauses, which formed part of the policy obtained by the appellant, reads thus:“9. Termination of Contract...

...petition filed by the appellant under Article 226 of the Constitution to quash an order passed by the respondent Institute on April 26, 1963 which had the effect of terminating his services...Mining of the University of London. He got a Postgraduate Diploma from the Imperial College of Science and Technology, London. He worked for sometime and was employed successively in some of the...Universities in the United States of America. Since the year 1960 the appellant had been making efforts to get employment in the respondent Institute. This Institute is one of the four Institutes of...

...3, 1958, and September 24, 1958, respectively. The value of shares under written by the above named underwriters was Rs. 2,00,000, Rs. 50,000, Rs. 1,00,000, Rs. 1,00,000, Rs. 1,00,000, Rs. 1,50,000....3. According to the terms of these agreements, the company undertook to pay commission to the underwriters at 5 per cent, of the face value of the shares subscribed or procured by the .... The underwriters on their part undertook to procure subscription of the shares of the face value specified in the respective agreements within two months of the date of the agreements. An important...

...vessel, on account of non-compliance with the ‘Institute Classification Clause’ (‘ICC’) in the Marine Insurance Policy.8. Unfortunately for the Appellant, on 7.8.2010 there...Respondent's claim settling agent in London had informed the Respondent that the subject vessel was classed with Lloyd's Register of Shipping until 10.10.2007, after which Lloyd's had withdrawn the...:“6 For coverage of shipments by sea: the vessel shall conform to the current Institute Classification Clause; otherwise the cover shall be subject to additional steamer extra premium...

...Clauses (Air Cargo), and an Institute Theft Pilferage Non-Delivery Clause that listed out the terms and conditions of all damages and loss covered under the policy. The duration of the policy was to be...shipper of the flowers sued its underwriters on the ground that the transit policy of insurance required delivery into the warehouse of the consignee and since that event had not occurred, the loss...insurance shall also terminate unless prompt notice is given to the underwriters and continuation of cover is requested when the insurance shall remain in force, subject to an additional premium if...