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Home / Opinion Digests / Insurance / Insurance – CGL – Ocean Transport – Pre-Shipment Fraud (access required)

Insurance – CGL – Ocean Transport – Pre-Shipment Fraud (access required)

A commercial general liability policy does not provide coverage for an import/export company that was defrauded by a criminal organization in the Philippines. The defendant-insurer’s motion for summary judgment is granted. Background Plaintiff contracted to buy 500,000 pounds of copper wire from Regent Phoenix Imports & Exports, a Philippine company. The delivery term in the Regent Phoenix agreement ...

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