Commercial Maritime Law
Art. 348Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The damage sustained by goods shall be assessed by calculating the
difference in their value before and after the damage at the same time and
place, in which case the depreciation rate shall apply to the amount of insurance
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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