Commercial Maritime Law
Art. 313Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The insurer may, by agreement, be exempted from paying damages within
the limits specified by the insurance contract; the exempted amount shall be
deducted from the amount of compensation. However, compensation may,
upon agreement, be due in full if the damage exceeds the specified limit of
exemption.
2. In all cases, the amount of exemption shall be calculated after deducting the
normal loss sustained by the insured items during the voyage.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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