GLOTRANS HCM PARTICIPATED IN VIETBUILD EXHIBITION - AN IMPRESSIVE BIG EVENT OF THE CONSTRUCTION INDUSTRY - REAL ESTATE - BUILDING MATERIALS & INTERIOR AND EXTERIOR DECORATION.

Viet Build Ho Chi Minh 2022 – With the theme of Construction - Building Materials - Real Estate and Interior and Exterior Decoration. Combined with many rich and practical activities to introduce products of building materials, interior and exterior decoration with new designs, enhanced features and quality to meet the needs of homes, construction and interior decoration are growing larger and larger, associated with sustainable development, environmental protection and life enhancement, expressing the tradition, ecological and modern environment of the whole society.

Within the framework of the program, a series of activities related to trade connections, product introduction demonstrations throughout the event days to promote trade promotion, scientific and technological innovation and investment attraction. 

For the purpose of connecting and supporting the logistics segment, Glotrans has been supporting Door to Door transportation services; consulting specialized procedures - Glotrans will be a reliable companion of Import - Export businesses. Glotrans always tries to ensure competitive prices and affirm its reputation for service quality as well as credibility in the market.

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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.

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Company Q (Plaintiff – the Insured) and Company B (Defendant – the Insurer) entered into an insurance contract. After an insured event occurred, the parties could not agree on the value of the loss and therefore conducted an assessment. The unilateral assessment conducted by the Insurer was not accepted, while the independent assessment was only partially recognized.