A-8 Domestic insured events asserted abroad, Watercraft Liability Insurance, Basis

A-8.1 The following claims remain excluded from cover:, Liability Basis

1 claims for compensation of a punitive character, in particular punitive and exemplary damages; 2 claims under articles 1792 et seq. and 2270, and the associated rights of recourse under article 1147 of the French Code Civil, or equivalent provisions of other countries.

A-8.2 Abweichend von A-13.1.4 werden folgende Kosten und Aufwendungen als Leistungen auf die Versicherungssumme angerechnet, Liability Basis

A-8.2 By way of derogation from A-13.1.4, the following costs and expenses are set off against the sum insured as benefits: 1 judicial and out of court costs of defending against claims; costs in this sense are lawyers', experts', witnesses' and court costs; 2 expenditure to avert or mitigate the loss at or after the occurrence of the insured event, and the costs of investigating the loss, so far as that expenditure or those costs did not arise on the insurer's instructions.

A-8.3 The insurer's payments are made in euros. Where the place of payment lies outside the states belonging to the European Monetary Union, the insurer's obligations are deemed fulfilled at the point at which the euro amount is remitted to a financial institution situated in the European Monetary Union.