Examples of Regulatory Law in a sentence
Regarding the foregoing, KCSM represents to have the necessary insurance to guarantee the risks attributable to KCSM derived from the rendering of the Service in terms of the provisions of Article 53 of the Regulatory Law and 188 of the Railroad Regulation.
KCSM will be liable for the losses, damages and harm caused to the Freight as of the time of receiving the Freight in the Point of Origin until delivered to the Consignee in the Point of Destination, in the terms established in the Service Request, the Shipment Guide, this Agreement, the Regulatory Law and the Railroad Regulation.
The liability for KCSM will be limited and, if any, extinguished pursuant to the Regulatory Law, the Railroad Regulation or the Commerce Code.
When the User insures the Freight itself, by its own means or through an insurance company, KCSM will only be liable to the subrogated party for any loss or damage in accordance with the terms and limitations of Article 52 of the Railroad Service Regulatory Law.
Except as otherwise agreed upon in writing by the Parties, and except as provided below, pursuant to the second paragraph of Article 52 of the Regulatory Law the liability of KCSM for loss of or damage to the Freight shall be limited to an amount equivalent to 15 (fifteen) days’ general minimum wage in the Federal District per metric ton, or the proportional amount in case of shipments of lesser weight, pertaining to the specific weight of the loss or damage to the Freight.