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Summary
of Marine Clauses
ICC (A), (B) and (C) |
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Institute
Cargo Clauses (C) |
EXCLUSIONS |
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Fire &
Explosion
Stranding,
grounding, sinking or capsize of vessel |
These standard exclusions
apply to Institute Cargo Clauses A, B & C
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Willful misconduct of the
Assured
-
Ordinary leakage or loss in
weight or volume
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Wear and tear
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Insufficient or unsuitable
packing arrangements
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Inherent vice
-
Delay
-
Insolvency of ship owners or
charterers
-
Nuclear or atomic weapons
-
Unseaworthiness of vessels
or containers
-
Malicious damage [(ICC (B)
and (C) only]
War and Strikes Risks
Cover for War, Strikes and Riots
is available and is usually purchased separately and incorporated within
the Marine Cargo Policy at the standard market rate. |
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Overturning
or derailment of land conveyance |
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Collision or
contact of vessel/conveyance with any external object other than water |
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Discharge of
cargo at port of distress |
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General
Average sacrifice |
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Jettison |
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Institute Cargo Clauses (B) |
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Includes
Institute Cargo Clauses (C) plus |
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Washing
overboard |
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Earthquake,
volcanic eruption or lightning |
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Entry of sea,
lake or river water into vessel, craft, hold, conveyance, container,
liftvan or place of storage |
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Total loss of
any package lost overboard or dropped whilst loading or unloading vessel
or craft |
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Institute
Cargo Clauses (A) |
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Includes
Institute Cargo Clauses (B) plus |
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Accidental
and/or malicious damage |