Author name: Balasundaram

A common man's musings

Rock-a-bye baby!

When you think of a rocking-chair, what are the images which come to mind immediately? An elderly gentleman sitting on it peering at a newspaper or a grey-haired lady knitting a sweater or a mitten for her grand-kids. Retired, domestic bliss? Well, am not into that league just as yet but had a rocking-chair experience

Travel

Lalbaugcha Raja

As has been our practice for the last few years, this time too we were at Lalbaug on Ganesh Chaturthi for ‘ mukh darshan ‘ of the Raja. Total time for darshan – One hour fifty minutes. Well managed crowds though there was a fair bit of jostling in front of the idol. The volunteers

Marine cargo insurance

Labels clause- Simple? Not really

Labels clause is a common feature in most marine cargo policies these days. Different versions of the clause are in vogue but the essence of this clause is as under: ‘ Should there be a loss/damage to the labels on the insured subject-matter during transit, insurer’s liability will be limited to the cost of new

Marine cargo insurance

Insufficiency of packing- 4.3 of ICC

Possibly the most debatable portion of the Institute Cargo clauses- 1982! Insufficiency or unsuitability of packing, an exclusion under 4.3 of ICC-1982 was a potent weapon in the hands of claim settlers & loss assessors who knew all claimants would not seek legal recourse and went about invoking this exclusion at the slightest opportunity. Assureds

A common man's musings

Education leading into a blind alley

The shocker today was the news item that 3700 PhDs and M.Phils along with 28,000 other post-graduates had applied for the jobs of messengers or peons in the UP Police….. jobs that required a qualification of Std V pass plus the ability to ride a bicycle. On the face of it, this appears to be

Marine cargo insurance

Institute R.A.C.E. clause CL 370-10/11/03

Every marine cargo practitioner knows that among the exclusions under the Institute cargo clauses ( A,B or C) are the nuclear group of perils.Confusion prevails in the following areas: By adding the Institute War clauses (cargo) to the policy, are the losses caused to cargo by nuclear weapons covered? What are the nuclear group of

A common man's musings

God’s will hath no why

August 1st 2018 The superpower looked down at India. Not a political, economic or nuclear superpower………………… but the all-pervading, omnipresent superpower, we know by different names but answering to the one name GOD. I like the look of India, God said to himself…. a nation with a rich history, great advancement , amazing democracy and

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