General average clause this insurance covers general average and salvage charges, adjusted or determined according. Institute cargo clauses comparison this is a quick reference guide to the differences between the three sets of institute cargo clauses cl382cl383cl384 1. Other clauses such as institute frozen foodbulk oil etc clauses are undergoing revision and will be released by the joint cargo committee jcc soon. Insuring cargoes a practical guide to the law and practice. This insurance covers, except as excluded by the provisions of clauses 4, 5, 6 and 7. A clauses are sometimes referred to as full cover b clauses as with particular average and c clauses as free of particular average. Here are the three institute cargo clauses as detailed below. This insurance covers general average and salvage charges, adjusted or determined according to the contract of affreightment andor the governing law and. Jcc cargo clauses background following an extensive period of worldwide consultation going back to 2006, the joint cargo committee released revised institute cargo clauses a, b and c, along with accompanying institute cargo clauses war and institute cargo clauses strikes, on 24 november 2008. The following is a brief summary of cover under institute cargo clauses c 01. Pdf26kb institute cargo clauses b 1109 download pdf36kb institute cargo clauses c 1109 download pdf26kb institute cargo clauses air. A b c fire and explosion stranding, grounding, sinking or capsizing overturning or derailment of land conveyance collision discharge at port of distress total loss of vessel general average sacrifice jettison of cargo.
It is considered to be one of the widest marine insurance coverages and therefore, you should be ready to pay the high premium for this as you would be getting the extensive cover. An analysis of the practical application of the institute cargo clauses 1983 as well as 2009 editions as well as comparative clauses used and adopted by other markets such as sweden, norway, france, germany, canada and usa. Cl 398 institute strikes clauses commodity trades 03052016. This insurance covers, except as provided in clauses 4, 5, 6 and 7 below, 1. The institute cargo clauses a 1109 contain clause 1 cover for all risks of loss or damage except as excluded clause 4. View file html, pdf or wmv format download word document if available. Institute cargo clauses a risks covered risks his insurance covers all risks of loss of or damage to the subjectmatter insured except as excluded by the provisions of clauses 4, 5, 6 and 7 below. What are institute cargo clauses in marine cargo insurance. Institute cargo clauses a risks covered 1 this insurance covers all risks of loss of or damage to the subjectmatter insured except as provided in clauses 4, 5, 6 and 7 below. The marginal side headings in the 1982 clauses have been replaced by sub headings.
Institute cargo clauses c risks covered 1 risks clause this insurance covers, except as provided in clauses 4, 5, 6 and 7 below, 1. Duration of risk transit clause insurance attaches 6a1 aimu. This insurance covers general average and salvage charges, adjusted or determined according to the contract. Aimu cargo clauses 2004 january 1, 2004 fpaec english conditions. Widest insurance cover is provided under institute cargo clause a, a more restrictive. Please note that cover in respect of war and strikes is not automatic for all transits. It is considered to be slightly a restrictive cover. The institute cargo clauses also underpin the basis of contracts of marine insurance in many parts of the world. The 2009 modifications to the clauses are advantageous to the insured andor clarify market terms and practice.
This insurance covers general average and salvage charges, adjusted or determined according to. General average clause this insurance covers general average and salvage charges, adjusted or determined according to the contract of. The agreed value of the cargo shall be deemed to be equal to the total amount insured under the primary insurance and all increased value insurances covering the loss and effected on the cargo by the assured, and liability under this insurance shall be in such. Institute cargo clauses air excluding sendings by post 1182 risk covered risks clause 1. Today i would like to mention the differences between institute cargo clauses a and institute cargo clauses c. This insurance covers all risks of loss of or damage to the subjectmatter insured except as provided in clauses 2, 3 and 4 below. This insurance covers general average and salvage charges, adjusted or determined according to the. What are the differences between institute cargo clauses a. Each marine cargo policy type covers different amount of risks, whereas institute cargo clauses c has the minimum coverage and institute cargo clauses a, also known as all risks, has the maximum coverage.
Institute bulk oil clauses risks covered risks clause 1. Set of terms for cargo insurance policies voluntarily adopted as standard terms by many international marine insurance organizations, including the institute of london underwriters and the american institute of marine underwriters. Institute marine cargo clauses, a det juridiske fakultet uio. Institute cargo clauses a risks covered 1 this insurance covers all risks of loss of or damage to the subject matter insured except as provided in clauses 4, 5, 6 and 7 below. Institute cargo clauses comparison of cover loss or damage covered under.
Claim under a marine policy incorporating institute cargo clauses a 1982 and the institute strike clauses 1982. Institute cargo clauses air excluding sending by post risks covered 1. Institute marine cargo clauses, a det juridiske fakultet. This insurance covers all risks of loss of or damage to the subjectmatter insured. Cargo insurance conditions and clauses ahliasuransi. The 1982 version of icc abcair and associated warstrikes clauses have been replaced by the 2009 edition. While there are numerous clauses and different clauses will apply to different cargoes, normally the widest cover is provided under institute cargo clauses a with more restrictive cover under, institute cargo clauses b and institute cargo clauses c. This insurance covers all risks of loss of or damage to the subjectmatter insured except as excluded by the provisions of clauses 4, 5, 6 and 7 below. A comparison of the 1982 and 2009 clauses with additional commentary. Exclusions 2 general exclusions clause in no case shall this insurance cover 2. Since then, the norwegian cargo clauses have been further amended, chiefly in 1990 when the clauses were adapted to act no.
Institute cargo clauses air risks covered 1 this insurance covers all risks of loss of or damage to the subjectmatter insured except as provided in clauses 2, 3 and 4 below. This insurance covers all risks of loss of or damage to the subjectmatter insured except as provided in clauses 4, 5, 6 and 7 below. This insurance covers, except as excluded by the provisions of clauses 3 and 4 below, loss of or damage to the subjectmatter insured caused by 1. Cl 397 institute war and strikes clauses cargo stored afloat 03052016. This insurance covers all risks of loss of or damage to the subjectmatter insured except as provided in clauses 2,3 and 4 below. Inland transit rail or road clause theinsurancesurveyor.
Attaches from the time the insured goods loaded into the wagontruck for the commencement of transit and continues during the ordinary coure of transit including customary transhipment, if any, and ceases immediately on the unloading from wagon at the final destination railway station or arrival of vehicle at. This insurance covers general average and salvage charges, adjusted or determined. Institute cargo clauses air excluding sendings by post. Institute cargo clauses c risks covered 1 this insurance covers, except as provided in clauses 4, 5, 6 and 7 below, 1. Institute theft, pilferage and nondelivery insured value clause 16728 pdf 43kb institute theft, pilferage and nondelivery clause 11282 pdf 4kb label clause pdf 15kb letter of credit clause pdf 33kb mail and parcel post clauses for use only with mar policy form pdf 17kb mail and parcel post clauses for use only with sg. Institute strikes clauses cargo risks covered risks 1. The institute cargo clauses are three sets of clauses providing different level of protection. From the time the insured property leaves the warehouse for the commencement of transit. Cl 399 institute war clauses commodity trades 03052016.
Summary of cover under institute cargo clauses c continued uk t. Institute cargo clauses b risks covered 1 risks clause this insurance covers, except as provided in clauses 4, 5, 6 and 7 below, 1. Aimu cargo clauses 2004 january 1, 2004 with average. Jan 12, 2012 the 1982 version of icc abcair and associated warstrikes clauses have been replaced by the 2009 edition. Policy the second schedule to the marine insurance act 1906. Powered by create your own unique website with customizable templates. Cargo clauses 1982 and 2009 see sections 22 and 23 of this course outline. This insurance covers all risks of loss of or damage to the subject matter insured except as provided in clauses 2, 3 and 4 below. Risks clause this insurance covers all risks of loss of or damage to the subjectmatter insured except as provided in clauses 4, 5, 6 and 7 below.
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