Finally, got the update info from Insurance company that the claims was “almost” complete, but needed you, Central Watson Co Ltd to complete and return the attached Subrogation Form. By assigning their rights on the claim settlement to “A.S. WATSON & CO., LIMITED-INTERNATIONAL BUYING”, the settlement amount will be paid to “A.S. WATSON & CO., LIMITED-INTERNATIONAL BUYING” under the Master policy.
As the Trade Terms of related PO was under FOB or CFR, the loss happened when the container was on board and so the risk had been transferred to “Central Watson Co Ltd” at the time of loss.
Therefore please company chop & signed the attached letter, then colour scan it to us first (need to forward to Insurance company to check if correct), thanks a lot !