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El principio de “knock for knock” ha demostrado ser un método eficiente de distribución de riesgos que permite previsibilidad y elimina la duplicidad de seguros, reduciendo en consecuencia los costos del aseguramiento.
A knock-for-knock agreement is an agreement between two insurance companies whereby, when both companies' policy-holders incur losses in the same insured event (usually a motor accident), each insurer pays the losses sustained by its own policy-holder regardless of who was responsible.
26 de nov. de 2021 · La noción de “knock for knock” implica un régimen contractual que aplica un principio de distribución del riesgo y asignación de sus responsabilidades asociadas.
What are knock-for-knock indemnities? A knock-for-knock clause is a reciprocal agreement to apportion liability for certain losses (usually, death or injury to personnel and damage to property) between contracting parties, supported by mutual indemnities.
28 de abr. de 2022 · Learn what knock-for-knock clauses are, how they work and why they are used in the offshore oil and gas industry. Find out the benefits, features and examples of these reciprocal agreements to apportion liability for certain losses between contracting parties.
Reviewing knock for knock indemnities: Risk allocation in maritime and offshore oil and gas contracts. Participants in the maritime and offshore oil and gas sectors operate in a unique environment, characterised by inherently hazardous conditions, high financial stakes and the potential for catastrophic consequences if things go awry.
2 de jun. de 2016 · A knock-for-knock indemnity is a mutual agreement to indemnify each other against specified losses, irrespective of fault. The article discusses the Court of Appeal's decision in Transocean Drilling, which upheld the effectiveness of such a clause to exclude liability for consequential loss.
