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English to Serbo-Croat translations [PRO] Bus/Financial - Ships, Sailing, Maritime
English term or phrase:Deed of Covenant
Should the Vessel become an actual constructive compromised or agreed total loss under the insurances required under sub-clause a) of Clause 12, all insurance payments for such loss shall be paid to the Mortgagee, if any, in the manner described in the Deed(s) of Covenant who shall distribute the moneys between themselves.