Marine
Marine Marine

INSTITUTE CARGO CLAUSES (A)

IMPORTANT COVERAGE

This Insurance covers all risks or loss of or damage to the subject-matter insured subject to following exclusions.

EXCLUSIONS

In no case shall this Insurance Cover

    1) Loss, damage or expenses attributable to willful misconduct of the Assured.

    2) Ordinary leakage, ordinary loss in weight or ordinary wear and tear of the subject- matter insured.

    3) Loss, damage or expense caused by the insufficiency or unsuitability of packing or preparation of the subject matter insured ( packing shall be deemed to include stowage in a container or liftman but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants)

    4) loss, damage or expense caused by inherent vice or nature of the Subject-matter insured.

    5) loss, damage or expense proximately caused by “delay” even though the delay be caused by a risk insured against (expectedness payable under clause 2 above)

    6) loss, damage or expense arising from Insolvency or financial default or the owners managers charterers or operators of the vessel.

    7) loss, damage or expense arising from the use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter.

    8)

      1) in no case shall this insurance cover loss damage or expense arising from Unseaworthiness of vessel or craft.Unfitness of vessel craft conveyance container of lift van for the safe carriage or the subject-matter insured. where the Assured or their servants are privy to such Un seaworthiness or unfitness or the time the subject matter insured is loaded therein

      2) The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are privy to “such unseaworthiness or unfitness

    9) In no case shall this Insurance cover loss damage or expense caused by War civil war, revolution rebellion, Insurrection or civil strife erasing therfrom,or any hostile act by or against a belligerent power.capture, seizure,arrest,restraint or detainment (piracy excepted) and the consequences thereof of any attempt thereat derelict mines, torpedoes bombs or other derelict weapons of war

    10) In no case shall this insurance cover loss damage or expense caused by strikers, lock-out workmen or persons taking part in lab our disturbances, riots or civil commotions resulting from strikes, lock outs, labour disturbances, riots or civil commotions caused by any terrorist or any person acting from a political motive

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