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Juridical Review of War-Related Trade Insurance Claims (Study at PT Asuransi Asei Indonesia Semarang Branch)


Tinjauan Yuridis Pelaksanaan Klaim Asuransi Perdagangan Terkait Risiko Peperangan (Studi Pada PT Asuransi Asei Indonesia Cabang Semarang)

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DOI:

https://doi.org/10.21070/ups.3048

Keywords:

Trade Insurance, Insurance Claim, War

Abstract

Force majeure in the form of war is a potential risk in global trade. One clear example is the claim filed by PT Tri Jaya Tangguh (TJT) in 2022 as an insurance customer of PT Asuransi Asei Indonesia (AAI) based on the Russian-Ukrainian war, which had an impact on export destination countries. This study employs a normative juridical approach to define Force Majeure and examine the viewpoint of the law as it relates to trade insurance claims that are necessary due to political and military concerns. According to the findings and conclusions reached, PT TJT's insurance claim is a proof of how the Russian-Ukrainian war cannot immediately be categorized as a force majeure that could lead to a claim and must be based on a provision from PT AAI regarding renegotiation potential and insurance coverage based on the export destination country, assessed by political stability.

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Posted

2023-08-29