Marine Cargo

Institute Cargo Clauses (A), (B) or (C) 1.1.82

• Loss damage or expense
  • attributable to willful misconduct of the assured
  • caused by inherent vice or nature of insured items
  • ordinary leakage, ordinary loss in weight or volume,  or ordinary wear & tear of insured items
  • arising from insolvency or financial default of the owners, managers, charterers or operators of the vessel
  • arising from unseaworthiness of vessel or craft, unfitness of vessel , craft, conveyance, container or lift van for the safe carriage of insured items, where the Assured or their servants are privy to such unseaworthiness or unfitness when the insured items are loaded therein. 
  • caused by insufficiency or unsuitability of packing or preparation of the insured items (packing shall be deemed to include stowage in a container or lift an but only when such stowage is carried out prior to attachment of this insurance by the Assured or their servants)
  • proximately caused by delay, even though the delay be caused by a risk insured against
  • arising from the use of any weapon of war or any weapon employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter
• The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness of the ship to carry the insured items to destination, unless the Assured or their servants are privy to such unseaworthiness or unfitness
• War and Strikes (normally included by way of the Institute War & Strikes Clause subject to an additional premium)

Institute Cargo Clauses (A), (B) or (C) 1.1.09

• Loss, damage or expense
  • attributable to  willful misconduct of the assured
  • caused by inherent vice or nature of insured items
  • ordinary leakage, ordinary loss in weight or volume, or ordinary wear & tear of insured items
  • caused by insolvency or financial default of owners managers charterers or operators of the vessel where at the time of loading of the insured items on board the vessel, the Assured are aware or in the ordinary course of business should be aware that such insolvency or financial default could prevent the normal prosecution of the voyage. This exclusion does not apply where the contract of insurance has been assigned to the party claiming hereunder who has bought or agreed to buy the insured items in good faith under a binding contract.
  • arising from unseaworthiness or unfitness of vessel or craft  for safe carriage of insured items, and where the Assured are privy to such unseaworthiness or unfitness at the time the insured items are loaded therein.
    Exclusion shall not apply where the contract of insurance has been assigned to the party claiming hereunder who has bought or agreed to buy the insured items in good faith under a binding contract.
  • arising from unfitness of container or conveyance for the safe carriage of  the insured items, where loading therein or thereon is carried out prior to attachment of this insurance or by the Assured or their employees and they are privy to such unfitness at the time of loading.
  • caused by insufficiency or unsuitability of packing or preparation of insured items to withstand ordinary incidents of the insured transit where such packing or preparation is carried out by the Assured or their employees or prior to the attachment of this insurance (packing shall be deemed to include stowage in a container and “employees” shall not include independent contractors)
  • proximately caused by delay, even though the delay is caused by a risk insured against
  • directly or indirectly caused by or arising from the use of any weapon or device employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter
• The Insurers waive any breach of the implied warranties of seaworthiness of the ship and fitness of the ship to carry the insured items to destination
• War and Strikes (normally included by way of the Institute War & Strikes Clause subject to additional premium)