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.
What covers indirect losses?
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 difference between direct and indirect loss?
Consequential loss (also known as indirect loss) arises from a special circumstance of the case, not in the usual course of things.
[PDF] Loss Of Profits Consequential Losses And The Exclusion Clause
Loss Of Profits Consequential Losses And The Exclusion Clause eoasis rajahtann com/eOASIS/ll/ pdf /Loss_Of_Profits pdf These clauses generally seek to exclude or limit the liability of one of the parties to the contract for example the contractor for loss or damage arising
[PDF] The Economics of Natural Disasters
The Economics of Natural Disasters files stlouisfed org/research/publications/page1-econ/2018/05/03/the-economics-of-natural-disasters_SE pdf 1 mai 2018 example a damaged business might relocate permanently close or rebuild Indirect losses follow a disaster and are secondary to
[PDF] Exemption Clauses for Consequential Loss considered under
Exemption Clauses for Consequential Loss considered under www duo uio no/bitstream/handle/10852/38169/5038_Master-Thesis_Consequential-Loss sequence=1 In the maritime context there are a few standard charter parties for example SUPPLYTIME 1989 and 2005 which have an exemption clause for consequential loss
[PDF] consequential damages who pays the real price? - Porter Hedges LLP
consequential damages who pays the real price? - Porter Hedges LLP www porterhedges com/assets/htmldocuments/2018 05 15_Snyder_ConsequentialDamagesWhoPaysTheRealPrice pdf 15 mai 2018 Consequential Damages – “Result naturally but not ➢For Example: D-R agreed to increase the contract price to $33MM
[PDF] Consequential Loss Clauses in the Energy Sector - CMS Law
Consequential Loss Clauses in the Energy Sector - CMS Law cms law/content/download/443673/file/Consequential 20Loss 20Clauses 20in 20the 20Energy 20Sector_An 20international 20guide_FINAL pdf For example the FIDIC contract wording literally translates “indirect or consequential loss or damage” as “la perte ou le dommage indirect ou consequent”
[PDF] Recovering and Avoiding Consequential Damages in the Current
Recovering and Avoiding Consequential Damages in the Current www shutts com/wp-content/uploads/2015/09/Recovering-and-Avoiding-Consequential-Damages-in-the-Current-Economic-Climate-1 pdf 7 Common examples of direct damages include unpaid contract amounts cost to repair defective work and reduced proj- ect value due to nonconforming work
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