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Lloyd's Maritime and Commercial Law Quarterly

FRAUDULENT DEVICES—THE MARKET RESPONSE

International Hull Clauses 2003
In response to recent judgments, in particular The Mercandian Continent 1 and The Aegeon ,2 which served to highlight the uncertainties of the law on fraudulent claims (including fraudulent means and devices), the Institute Hull Clauses 2002 (‘‘IHC 2002’’) incorporated express contractual obligations in relation to claims. The very fact that the law is uncertain rendered construction of the IHC 2002 claims provisions open to question. In its 2003 review of the hull clauses (‘‘IHC 2003’’),3 the Joint Hull Committee has made changes which serve to clarify certain issues left in doubt by the 2002 wording.4


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