An agreement between insurers, ship owners and merchants associations which relaxes certain limitations of carrier’s liability for damage to goods contained in the Hague Rules, prescribing, inter alia, a higher limit per package than that provided in the gold clause of the Hague Rules and a longer period than that there allowed for the bringing of an action.
Insurance Encyclopedia
Gold Franc
A unit of value found in international conventions, consisting of 65.5 milligrams of pure gold.
Golfer’s Insurance
Insurance of golf clubs with, often, the addition of personal accident benefits, third party liability, and a cash benefit to cover hospitality costs if the insured holes in one.