GLOTRANS ATTENDED THE “FINANCIAL SUPPORT ON TECHNOLOGY PLATFORM”

On August 22th, in Ho Chi Minh, Vietnam Chamber of Commerce and Industry (VCCI) co-ordinated with Olea Global Company to organize the “Financial Support on Technology Platform” seminar for all of Vietnam’s export businesses.

Attending in the seminar, Glotrans had an opportunity to listen to experts share about financial approaching policies of busniesses and the solution to finance for export, taking advantages of Free Trade Agreement (FTA) to promote and develop an export market for Vietnam businesses. Glotrans also had a chance to listen about the economy’s current opportunities and challenges to export companies as well as the introduction about the receivable supports to export businesses on Olea platform.

Besides, Glotrans also had an opportunity to meet SMEs businesses and exchange views on the current economic situation. Ahead of the economic difficulties, Glotrans believed that the cooperation and mutual support of businesses will help us to overcome this depression and be towards to the future with full of positive signal.

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GLOTRANS ATTENDS THANH HOA INVESTMENT PROMOTION CONFERENCE 2026: A SUPPLY CHAIN & LOGISTICS PERSPECTIVE

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GLOTRANS HAI PHONG HOSTS “GLOTRANS & CAREER COMPASS” TALKSHOW AT VIETNAM MARITIME UNIVERSITY

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The Insured’s Duty to Prevent and Mitigate Losses

Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.

Insurance Contracts Do Not Automatically Terminate Due to Late Premium Payment

Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.