What is direct and indirect loss?
Direct losses refer to the physical or structural impact caused by the disaster such as the destruction of infrastructure caused by the force of high winds, flooding or ground shaking. Indirect effects are the subsequent or secondary results of the initial destruction, such as business interruption losses.
What is direct loss English law?
Direct loss is the natural result of the breach in the usual course of things. Most foreseeable kinds of loss are direct, including financial losses such as loss of profits and loss of business or goodwill.
What is the meaning of indirect losses?
Indirect loss – losses which do not naturally result from a breach and are not recoverable unless the defaulting party had special knowledge of the potential for such loss at the time of the contract.
[PDF] Direct and consequential losses - A single International approach
Direct and consequential losses - A single International approach www eversheds-sutherland com/documents/services/construction/Direct_and_consequential_losses pdf As to determining what is meant by 'consequential loss' it was English law that led the way in determining when in 1978 the English Court of Appeal decided
[PDF] Direct and Indirect Loss Under “Catch-22” in the Nordic Law of Sales
Direct and Indirect Loss Under “Catch-22” in the Nordic Law of Sales scandinavianlaw se/ pdf /38-2 pdf damages between direct and indirect loss under the harmonized Nordic sale of for the buyer's direct losses while liability for indirect losses requires
[PDF] The-Interpretation-of-a-Direct-Loss-Under-Fidelity-Bonds-by-Gary-J
The-Interpretation-of-a-Direct-Loss-Under-Fidelity-Bonds-by-Gary-J www amclaw com/wp-content/uploads/The-Interpretation-of-a-Direct-Loss-Under-Fidelity-Bonds-by-Gary-J-Valeriano-and-Carleton-R-Burch pdf The Company shall be liable for direct losses of Money Securities or Other Property caused by Theft or forgery by any Employee of the Insured acting alone or
[PDF] An indirect route to direct loss - Clyde & Co
An indirect route to direct loss - Clyde & Co www clydeco com/clyde/media/fileslibrary/Publications/2013/1302_Legal_analysis pdf An indirect route to direct loss A key requirement under many fidelity bonds is that an insured's loss “result directly from” employee dishonesty or other
[PDF] CONSEQUENTIAL DAMAGES - Miller Thomson LLP
CONSEQUENTIAL DAMAGES - Miller Thomson LLP www millerthomson com/assets/files/newsletter_attachments/issues/AB_Consequential_Damages pdf 14 jan 2004 Relying on a general exclusion as to consequential damage will not exclude damages for all losses beyond direct losses and care should be taken
[PDF] Direct loss and expense relating to remoteness of damages
Direct loss and expense relating to remoteness of damages eprints utm my/id/eprint/2133/1/LeeXiaShengMFAB2006 pdf Direct loss and expense is closely related to Section 74(1) and (2) Contract Act 1950 which similar to the rule in Hadley v Baxendale
[PDF] Critical Analysis of Loss and Damage Concepts under Process of
Critical Analysis of Loss and Damage Concepts under Process of www sciencedirect com/science/article/pii/S1877042814060133/ md5=5b833de7c18634e5c0bb74b92843dc28&pid=1-s2 0-S1877042814060133-main pdf The Civil Code of the Republic of Lithuania defines loss as the expression of damage in money i e costs incurred (direct losses) as well as lost profit (
[PDF] Training Deep Neural Networks via Direct Loss Minimization
Training Deep Neural Networks via Direct Loss Minimization utstat toronto edu/droy/icml16/publish/songb16 pdf In this paper we propose a direct loss minimization approach to train deep neural networks which provably minimizes the application-specific loss function
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