loss payee
Popularity
500+ learners.
- Examples
Seller shall be responsible for risks of loss and damage to the Bailed Property and Seller, at its own expense, shall keep such Bailed Property insured for the benefit of Purchaser, naming Purchaser as the loss payee and additional insured. | El Vendedor será responsable por el riesgo de pérdida o daños a los Bienes en garantía y deberá, a su propia costa, mantener dichos Bienes en garantía asegurados para beneficio del Comprador, designando al Comprador como beneficiario de la pérdida y segundo asegurado. |
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