Common use of Economic Factor Clause in Contracts

Economic Factor. This factor takes into consideration the type of the property taken from the ship. Cases of theft of cash or personal effects are generally less significant incidents compared to cases where the entire ship is hijacked either for the cargo onboard or theft of the vessel.

Appears in 4 contracts

Samples: www.recaap.org, www.recaap.org, www.recaap.org

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Economic Factor. This factor takes into consideration the type value of the property taken from the ship. Cases of theft of cash or personal effects are generally less significant incidents compared to cases where the entire ship is hijacked either for the cargo onboard or theft of the vessel.vessel.β€Œ

Appears in 1 contract

Samples: www.recaap.org

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