Commercial Maritime Law

1. An insurance contract concluded after the loss or arrival of the insured items shall be deemed void if it is established that knowledge of such loss or arrival had, prior to concluding the contract, reached the place where the contract was signed or where the insurer and the insured were located. 2. If an insurance contract is contingent on good or bad news, it shall not be revoked, unless it is established, prior to concluding the contract, that the insured had knowledge of the loss of the insured items, or that the insurer had knowledge of their arrival.