In this briefing, the claimant is a money exchange company and the defendant an insurance company. The claimant signed an insurance policy with the defendant to cover any loss resulting solely and directly from dishonest or fraudulent acts by employees.
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The ‘bill of lading’ is a formal document that serves as a receipt for cargo being transported by a sea carrier.
One major difference between arbitration and litigation is that parties to an arbitration participate in the selection of the tribunal.