Rate this article:  

Table of contents

Rule 50 Insurance event

For the purposes of the Defence cover, the event giving rise to a claim shall be deemed to arise as follows:

a) claims arising out of contract (subject to paragraphs (b) and (c) below), in tort or under statute:

b) when the cause of action accrues;

c) claims for salvage or towage: when the services are commenced;

d) claims arising in connection with the building of a vessel: at the date of signing the building contract.