INHERENT VICE meaning: a natural characteristic that causes some goods to be spoiled or become damaged, which insurance…. Learn more.

5 天之前 · Inherent vice is generally referred to as any damage caused to cargo due to the inherent nature of the product as opposed to any damages inflicted on the goods by the carrier themselves. In other words, it’s damage done by internal causes rather than external ones.

What does "inherent vice" mean in legal documents? Inherent vice refers to a flaw or defect that is naturally part of a product or material. This means that the item has a tendency to deteriorate or fail without any outside influence.

2011年9月15日 · Generally, “inherent vice” implies that no external or extraneous peril caused the loss; rather, the loss or damage results from the internal composition of the property, or some aspect of the property that brings about its own destruction.

Inherent Vice refers to the tendency of certain goods or property to deteriorate or become damaged due to their inherent characteristics, despite all reasonable care and precautions. In insurance, inherent vice is an important consideration as it …

Definition of "inherent vice" A potential defect in a product that could cause damage without external influence, often excluded from insurance policies ; How to use "inherent vice" in a sentence. Due to inherent vice, the car's battery failed. The inherent vice of the chemical caused a spontaneous explosion.

What is Inherent Vice? Inherent vice is a term used in insurance and shipping to describe a defect, quality, or characteristic of an item that causes it to deteriorate, sustain damage, or become destroyed without any external cause. This defect is intrinsic to the item itself.

inherent vice (usually uncountable; pl. inherent vices) ( legal , business ) An intrinsic shortcoming in an object, especially an object's in-built tendency to degrade , which adversely affects its evaluation , preservability , insurability , or acceptability to be transported by a shipper , and which usually limits the legal liability of those ...

inherent vice (usually uncountable; pl. inherent vices) ( legal , business ) An intrinsic shortcoming in an object, especially an object's in-built tendency to degrade , which adversely affects its evaluation , preservability , insurability , or acceptability to be transported by a shipper , and which usually limits the legal liability of those ...

INHERENT VICE definition: a natural characteristic that causes some goods to be spoiled or become damaged, which insurance…. Learn more.