DELAY - Civil Law. The time allowed
either by law or by agreement of the parties to do
something.
Under All Risk insurance coverage, damage due to
delay is not recoverable. Most underwriters have inserted
a 'Delay Cause' in the Open Cargo Policy, which states
specifically that damage caused by delay is not recoverable
even if the delay was due to a peril insured against.
The law allows a delay for a party who has been summoned
to appear to make defence and to appeal; it admits
of a delay during which an action may be brought,
certain rights exercised, and the like.
By the agreement of the parties there may be a delay
in the payment of a debt, the fulfilment of a contract,
etc..
