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Cap. 13 · Commercial Code (Cap. 13)

Cap. 13 Art. 372Whereprofitisless than the sum declared by assured.

Sub-title I

En vigueurTexte officiel

Where by such lists of prices current or other means it is proved that, in case of safe arrival, the profit would have been less than the sum stated in the contract by the assured, the insurer is discharged on paying such lesser sum. If the goods insured would have yielded no profit, nothing shall be due by the insurer.