 |
| |||
| security over insurances (Security for creditors can be obtained by conferring rights to them under the cargo insurance and under the third party liability insurance. Different methods to create this form of security exist, either to assign the benefit of the policy to the pledgee, to include the pledgee expressly in the policy (co-insurance) or to follow the rule that in asset insurance, the insurance follows the goods themselves. kotechek) | |||