A requirement imposed in the contract of insurance by the Insurer, and which must be literally complied with unless it is waived by the Insurer.
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LLOYD’S AGENTS
Agents of the Corporation of Lloyd’s whose primary duty is to keep Lloyd’s informed of shipping movements, casualties and other matters of interest to Insurers and the commercial community. It has become customary for Underwriters and Insurance Companies to utilise the services of Lloyd’s Agents in connection with surveys of damaged vessels and cargo.