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Homework answers / question archive / L small coastal vessel needs repairs following a loss caused by an insured peril
L small coastal vessel needs repairs following a loss caused by an insured peril. The wner of the vessel wants repairs to be carried out by a local repair yard owned by his rother. The insurers believe the vessel can be repaired more cheaply elsewhere. Explail :ith examples the provisions of the Institute Time Clauses — Hulls 1/10/83 giving isurers the right to take control of the claim.