Glossary entry

English term or phrase:

50/50 Provision

French translation:

(Règle de) Répartition des provisions (50 / 50)

Added to glossary by Ph_B (X)
Feb 6, 2015 14:49
9 yrs ago
English term

50/50 Provision

English to French Law/Patents Insurance Aéronautique
Terms of Hull and Spares Insurance
All required hull and spares insurance, so far as it relates to the Aircraft, will:
Additional Assureds: name the Finance Parties and the other Indemnitees as additional assureds for their respective rights and interests; and
50/50 Provision: if separate hull “all risks” and “war risks” insurances are arranged, include a 50/50 provision in accordance with market practice (AVS.103 is the current market language).
Proposed translations (French)
3 (Règle de) Répartition des provisions (50 / 50)
Change log

Feb 13, 2015 17:48: Ph_B (X) Created KOG entry

Proposed translations

22 hrs
Selected

(Règle de) Répartition des provisions (50 / 50)

Proposition basée sur ce que dit l'AVS 103, mentionnée juste après.

Vous trouverez le texte complet de l'AVS 103 ici : http://www.iua.co.uk/IUA_Test/Documents/Clauses_folder/aviat...

Le passage qui vous intéresse particulièrement est celui-ci :
in the event (…) agreement is reached between the "Hull All Risks" Insurers and the "Hull War Risks" Insurers that the Insured has a valid claim under one or other policy (…), each of the aforementioned groups of insurers agree (…) to advance to the Insured 50% of such amount as may be mutually agreed between them until such time as final settlement of the claim is agreed

d'où il ressort clairement qu'en attendant le règlement définitif du sinistre, les ass Corps et les ass Risques de Guerre, le cas échéant, s'entendent pour avancer à l'assuré, chacun par moitié, le montant du sinistre en suspens (ou, pour parler ass, le montant de la provision pour sinistre en suspens).
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