Commercial Maritime Law
Art. 298Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
An insurance policy shall remain unaffected if a period of 90 days—from the
start date of the insurance contract, or from the date specified for
commencement of the insured risk—lapses without the insured risk coming into
effect. In the case of an open-cover insurance policy, this provision shall only
apply to the first shipment.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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