sue costs

20:23 Aug 28, 2017
English to Dutch translations [PRO]
Bus/Financial - Insurance / Marine insurance
English term or phrase: sue costs
"In addition, we may cover the sue and labour costs and the removal of debris"

I believe the expression is "the sue costs", not "the sue". This is regarding coverage in case of damage or total loss.

My best hunch is "gerechtskosten", but that would normally be "legal costs". Maybe the marine world has its own terms.
Gerben Dangremond
Australia
Local time: 21:08


Summary of answers provided
3kosten gemaakt op grond van de 'sue and labour clause' (in de betreffende verzekering)
Kitty Brussaard


  

Answers


12 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
sue and labour costs
kosten gemaakt op grond van de 'sue and labour clause' (in de betreffende verzekering)


Explanation:
Je moet deze term in zijn geheel zien (en vertalen): sue and labour costs/charges >> kosten gemaakt op grond van de 'sue and labour clause' (in de betreffende verzekering).

Eventueel ook: kosten van schadebeperkende maatregelen. Zie bijvoorbeeld. https://tinyurl.com/ybpjanbc (pp. 133/134).

Voor meer uitleg zie hieronder.

Sue and labour charges
Kosten gemaakt op grond van de sue and labour clause. ~ Zie ook: Sue and labour clause.
http://www.encyclo.nl/lokaal/10752&page=3

Sue and labour.

When a casualty occurs, the assured, in particular the master, is bound to take such measures as may be reasonable for the purpose of averting or minimising loss or damage of ship and cargo.

The expenses resulting from such action are recoverable from the underwriters under the “Duty of Assured Clause”. The object of this clause is that the master, acting on his own initiative and to the best of his knowledge, will immediately take all measures to protect underwriters’ interests. The consideration that the underwriters are anyhow liable for loss or damage should therefore play no part. The master should act as if the vessel was uninsured.

General average, and collision attack or defence costs, salvage charges, are not recoverable under the “Sue and Labour costs”. Only expenses properly and reasonably incurred for the purpose of averting or diminishing any loss resulting from a casualty occasioned by a peril covered by the policy are recoverable. Dry dock charges would not be recoverable.

Before 1983 “Sue and Labour” was an option under the old SG policy but a duty under the Marine Insurance Act (section 78). In the Institute Time Clauses (Hulls) 1983 it is now a duty to avert or minimise a loss.
http://www.shipinspection.eu/index.php/chartering-terms/85-s...

What is a Duty of Assured (Sue and Labour) Clause?

An insurance clause that obliges the assured to take all reasonable steps to avert or minimise any loss for which a claim would be payable under the policy; in return, most costs incurred in taking such steps are recoverable from the underwriters. In practice these expenses are called "sue and labour charges".

Sue and labour charges are supplementary to those covered by the policy, and do not include expenses incurred in general average or salvage, these being recoverable separately from the insurer.
http://www.shipinspection.eu/mca-orals/58-mca-oral-exam-ques...

sue and labor clause

An ocean and inland marine insurance provision that requires the insured to protect damaged property from further loss once a loss has occurred. It also establishes that the expenses of doing so will be borne by the insurer and the insured "in proportion to their respective interests" in the property. Thus, the insurer will pay the full "sue and labor" costs if the amount of insurance is equal to or greater than the value of the property. Current property and marine forms usually contain a similar provision, but it is seldom labeled a sue and labor clause. Instead, it is typically included as one of the insured's "Duties in the Event of Loss." An example would be the temporary placement of a tarp over a damaged roof to mitigate further damage.
https://www.irmi.com/online/insurance-glossary/terms/s/sue-a...

Kitty Brussaard
Netherlands
Local time: 11:08
Native speaker of: Native in DutchDutch
PRO pts in category: 36
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