Just like you are able to get insurance on smaller, domestic packages. Institute cargo clauses comparison of cover provided by the a, b and c clauses 2009 versions type of loss or damage a b c fire or explosion vessel or craft stranding, grounding, sinking or capsizing overturning or derailment of land conveyance collision of vessel, craft or conveyance discharge of cargo at a port of distress. This insurance covers, except as excluded by the provisions of clauses 4, 5, 6 and 7 below, 1. Annual marine cargo insurance policy incorporating institute.
Today i would like to mention the differences between institute cargo clauses a and institute cargo clauses c. Institute cargo clauses air subject \excluding sendings by post\ created date. 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. Institute war clauses air cargo 0101 2009 cl388 institute strikes clauses air cargo 0101 2009 cl389 further to the production of the institute cargo clauses a, b, c war clauses and strikes clauses under date of 0101 2009, the joint cargo committee has now prepared equivalent air cargo clauses, referenced as above. Aimu cargo clauses 2004 january 1, 2004 with average. Institute cargo clauses a cl382 01012009 risks covered risks 1. Ic institute cargo clauses ic 700 institute cargo clauses c 0101 2009 cl 384 1109 institute cargo clauses c risks covered risks 1. The institute cargo clauses 1982 were widely ekwall, daniel, nilsson, frederik. The introduction of the 1982 clauses was a radical step that finally liberated cargo policies from the old s. Institute cargo clauses airexcluding sendings by post 2009 1109 institute cargo clauses air excluding sendings by post risks coverd risks 1. This insurance covers all risks of loss of or damage to the subjectmatter. Institute cargo clauses c revised cl 19 risks covered 1 this insurance covers, except as provided in clauses 4, 5, 6 and 7 below, 1. General average this insurance covers general average and salvage charges, adjusted or determined according to the contract of carriage. A clauses are sometimes referred to as full cover b clauses as with particular average and.
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. Summary of cover under institute cargo clauses c continued uk t. Icc a 2009 cl382 adobe pdf file icc a 2009 cl382 adobe pdf file you are about to be signed out. 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. Risk comparison by institute cargo clauses lamb agency. Formal amendments are designed to adapt these provisions to the international. 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. 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. Institute cargo clauses 0101 2009 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. This insurance covers, except as provided in clauses 4, 5, 6 and 7 below. There are three basic sets of institute cargo clauses. Institute cargo clauses c risks covered 1 risks clause this insurance covers, except as provided in clauses 4, 5, 6 and 7 below, 1. View file html, pdf or wmv format download word document if available.
This insurance covers all risks of loss of or damage to the subjectmatter insured except as provided in. Institute cargo clauses, 2009 are amended institute cargo clauses, 1982. Cl 399 institute war clauses commodity trades 03052016. Page 4 of 41 subject to the prior payment of, or your agreement to pay, the premium set out in the schedule, we agree to provide insurance as set out in this policy. Exclusions 2 general exclusions clause in no case shall this insurance cover 2. A clauses are sometimes referred to as full cover b clauses as with particular average and c clauses as free of particular average. Institute war clauses air cargo 01012009 cl388 institute strikes clauses air cargo 01012009 cl389 further to the production of the institute cargo clauses a, b, c war clauses and strikes clauses under date of 01012009, the joint cargo committee has now prepared equivalent air cargo clauses, referenced as above. Institute cargo clauses 0101 2009 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.
Institute cargo clauses a cl382 0101 2009 risks covered risks 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. This insurance covers all risks of loss of or damage to the subjectmatter insured except as excluded by the provisions of clause 3, 4 and 5 below. Aimu cargo clauses 2004 january 1, 2004 fpaec english conditions.
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. Institute strikes clauses cargo risks covered risks 1. This is a quick reference guide to the differences between the three sets of institute cargo. Policy the second schedule to the marine insurance act 1906. What are institute cargo clauses in marine cargo insurance. A comparison of the 1982 and 2009 clauses with additional commentary.
It is further agreed that in the event of a claim under this contract, the insurer agrees to pay the cost of air freighting a replacement machines andor damaged parts to manufactures for repair and return or the air freighting of replacement machines andor parts from suppliers to destination notwithstanding that the interest. You will be signed out in seconds due to inactivity. Joint cargo committee royal sundaram general insurance. This insurance covers general average and salvage charges, adjusted or determined according to the contract. To continue working on the website, click stay signed in below. Th e publication of the institute cargo clauses icc 2009 was the product of a joint cargo committee working party headed by nick gooding which had been set up to revise the icca 111982 commencing in 2006, with fi nal distribution of the revised document in 2008. Risks 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. Widest insurance cover is provided under institute cargo clause a, a more restrictive. Cl 398 institute strikes clauses commodity trades 03052016. Institute cargo clauses air excluding sendings by post 1182 risk covered risks clause 1.
Th e publication of the institute cargo clauses icc 2009 was the product of a joint cargo committee working party headed by nick gooding which had been set up to revise the icc a 111982 commencing in 2006, with fi nal distribution of the revised document in 2008 before the new clauses began to be used on 11 2009. Cl 397 institute war and strikes clauses cargo stored afloat 03052016. 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. This insurance covers general average and salvage charges, adjusted or determined according to the. What are the differences between institute cargo clauses a. 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. These clauses are there to specify what kind of items in the cargo is covered in case of any loss or damage to the shipment. Written by an author who was closely involved with the revisions to the institute cargo clauses 2009, the work expertly examines marine cargo insurance by reference to important english and. These clauses were developed by the international chamber of commerce as a means of insurance for cargo while it is being shipped from the original location to its final destination. Standard international transport insurance clauses, published by the institute of london underwriters. The following is a brief summary of cover under institute cargo clauses c 01.
Institute cargo clauses air excluding sendings by post. Additionally, the word proximately has been removed from clause 4. The 2009 revision of the allrisks marine insurance icc a, by the international uderwriters association of london incorporates changes of varying degrees of importance. Institute cargo clauses come embedded in a marine insurance policy which covers cargo intransit. Duration of the insurance under institute cargo clauses 2009.
In issuing this policy, we have relied on the information contained in the proposal form. The institute cargo clauses are three sets of clauses providing different level of protection. Termination of transit clause terrorism 2009 download. Following an extensive period of worldwide consultation going back to 2006, the joint cargo committee released revised institute cargo clauses a. 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. Ic institute cargo clauses ic 700 institute cargo clauses c 01012009 cl 384 1109 institute cargo clauses c risks covered risks 1. Risk comparison by institute cargo clauses a b c stranding, grounding, sinking, or capsizing of vessel or craft yes yes yes. Cargo insurers take up cargo clauses, insurance day, 23102009. This insurance covers general average and salvage charges, adjusted or determined according to. The former clauses needed revision for several reasons. The three different levels of institute cargo clauses.