ilee.MINIMISINGLOSSESItisthedutyoftheAssuredandtheirservantsandagentsinrespectoflossrecoverablehereundertotakesuchmeasuresasmaybereasonableforthepurposeofavertingorminimizingsuchloss,andtoensurethatallrightsagainstcarriers,baileesorotherthirdpartiesareproperlypreservedandexercisedandtheUnderwriterswill,inadditiontoanylossrecoverablehereunder,reimbursetheAssuredforanychargesproperlyandreasonablyincurredinpursuanceoftheseduties.MeasurestakenbytheAssuredortheUnderwriterswiththeobjectofsaving,protectingorrecoveringthesubject-matterinsuredshallnotbe?eptanceofabandonmentorotherwiseprejudicetherightsofeitherparty.AVOIDANCEOFDELAYItisaconditionofthisinsurancethattheAssuredshallactwithreasonabledespatchinallcircumstanceswithintheircontrol.LAWANDPRACTICEThisinsuranceissubjecttoEnglishlawandpractice.
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