We have been negotiating this particularly long and painful contract in Vietnam for almost 8 months. We are now down to one last disputed clause – unfortunately it is the most important clause and one which I am least familiar with: insurance.
So both sides pulled in respective risk advisors and that’s when things started getting really complex. Insurance jargons such as ‘waiver of subrogation rights’, ‘marine policy’ and ‘combined ratio after policyholder dividends’ started flying around to the dismay of business folks and lawyers alike.
It became the kind of mess you don’t want to prod with a ten yard stick. Just as I was hoping I will wake up one morning to find the issue solved by itself, I saw an email (where I was cc-ed) sent from the business folk on my side addressed to the business folk on the opposing side.
It reads: “Let’s go for beers and leave this to Frou and insurers to handle.”
A reply came in shortly: “Yes, I’d much rather do that. I don’t understand what’s going on anymore. Beers on me.”
(-___-)”
*The Frou twiddle thumbs at insurance clause*
3 comments:
Sorry, I just have to snigger at the hilarity of it. *chortles*
i've just googled 'waiver of subrogation rights' and before i could finish reading what it means, my head exploded.
They left me to ownself figure it out!
Well, I'm glad to report that I close the issue last friday (shin, I still dunno what subrogation means but I anyhow!)
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