Common use of Obligation to report damage Clause in Contracts

Obligation to report damage. The LSP is obligated to report any damage to the principal and the transport liability insurance of the LSP immediately. For damages exceeding the amount of € 2,000, the LSP must immediately commission an expert or surveyor to assess the damage. The LSP must immediately contact the principal for obtaining instructions, otherwise he is liable for the resulting damages. Furthermore, the LSP is obliged to immediately provide all information that could be required for further claims processing by the principal or the principal`s insurer.