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Re: Insurance (Was: What happened to NR 95?)
- To: ausrail@railpage.org.au
- Subject: Re: Insurance (Was: What happened to NR 95?)
- From: gioia@fastlink.com.au (Bob Gioia)
- Date: Wed, 02 Sep 1998 00:57:53 -0800
- Newsgroups: aus.rail
- Organization: http://www.supernews.com: The World's Usenet/Discussions Start Here
- References: <35EA04CF.B83D073B@fastlink.com.au> <35ea26ab.1005293@news.netconnect.com.au> <6sdqu4$m7a$1@grissom.powerup.com.au> <35ebec8a.0@139.134.5.33> <6sgsqi$p45$1@news.mel.aone.net.au> <35EC15B8.F414714B@ozemail.com.au> <35EC8E8A.2B6D5922@hermes.net.au>
On Wed, 02 Sep 1998 10:17:14 +1000, David & Julie Donald <dsjmd@hermes.net.au> wrote:
The Beresfield incident involved three 82-class locomotives,
>which are not owned by FreightCorp, but only leased from Clyde, in broad terms,
>and thus there was a question about what was going to happen.
Not quite right. Neither Freightcorp (the eventual owners) nor Clyde own
the 89 units in the Readypower contract. They are owned by a finance company
and are leased to Freightcorp whilst a maintanence contract for 15 years is
held by Clyde. As such the owners (the finance company) insisted that the units be
fully insured by a fourth party (an insurance company) to protect their assets
from such mishaps. I'm told that a similar situation exists between NRC,
Gonninans, finance companies and insurance companies. Its all very complicated
in these times of non government railways.
Cheers
Bob
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