Author name: Balasundaram

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

Marine cargo insurance

A pragmatic judgement on General Average

The LONGCHAMP case (Mitsui & Co Ltd & Ors vs Beteiligungsgesellschaft LPG Tankerflotte MBH & Co KG & Anor (2017) When modern-age piracy began around 2005 off the Somalian coast, the main aim of the pirates was to seize vessels and seek ransom which ran into millions of dollars. In majority of the cases, the

A common man's musings

Customer classification

Customer is always right- goes the maxim. Handling customers over the years as an insurer and broker, at times one gets really worked up and starts doubting this.I say to myself, this statement is always true……only there is a continuation to the sentence — “Customer is always right, but this does not mean you are

A common man's musings

Home food in multiplexes

Ranveer Singh takes Deepika Padukone in his arms……. sensual setting………soft music ⛈⛈🍷😍😍🎶🎶 ….. they murmur sweet nothings, panting heavily………….. their faces come closer ….. suddenly a strong masala smell fills the air and …. no Deepika doesn’t turn away, but I turn around to see the man seated behind me opening a packed box of

A common man's musings

What’s in a name? Everything

The most prized and personal possession one has is — his/her name. If that name gets gored, mutilated or tarnished you can imagine the plight of that person. “That person” here is yours truly. No,no, no don’t jump to conclusions that my reputation, character or stature has been tarnished . What I mean is literal

Marine cargo insurance

Unloading from a truck

An interesting case I recall from a few years back. We had issued a specific marine policy ( Trip policy) covering the import of a machine from Europe to the insured’s premises in India. Interestingly, the address of the insured’s office which was stated in the policy was on the third floor of a particular

A common man's musings

Happy Independence Day

15th August is a memorable day for India. As India celebrates her 72nd Independence Day ( 71st Anniversary) today, my hearty best wishes to Indians the world over. Yes, Indians are truly spread far and wide, in every part of the globe. Even as we look at the future with confidence and optimism, it is

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