Skip to main content

Article 9

No: M/48 Date(g): 3/7/2012 | Date(h): 14/8/1433
1.The lessee shall not be liable for loss of the leased asset unless caused by deliberate act or negligence on his part. If such loss is due to deliberate act or negligence on the part of the lessee, he shall be liable to pay the value of the leased asset at the time of loss save for what is covered by insurance.
 
2.The lessor shall be liable for the consequences of loss if caused by the lessor or by force majeure.
 
3.The lessor shall be responsible to obtain cooperative insurance on the leased asset and shall not require it from the lessee.