产品描述
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.
2. This insurance covers
general average and salvage charges, adjusted or determined according to the
contract of affreightment and/or the governing law and practice, incurred to
avoid or in connection with the avoidance of loss from any cause except those
excluded in Clauses 4, 5, 6 and 7 or
elsewhere in this insurance.
3. This insurance is extended
to indemnify the Assured against such proportion of liability under the
contract of affreightment "Both to Blame Collision" Clause as is in
respect of a loss recoverable hereunder.
In the event of any claim by shipowners under the said Clause the
Assured agree to notify the Underwriters who shall have the right, at their own
cost and expense, to defend the Assured against such claim.
EXCLUSIONS
4. In no case shall this
insurance cover
4.1 loss damage or expense
attributable to wilful misconduct of the Assured
4.2 ordinary leakage, ordinary loss in
weight or volume, or ordinary wear and tear of the subject-matter insured
4.3 loss damage or expense caused by
insufficiency or unsuitability of packing or preparation of the subject-matter
insured (for the purpose of this Clause 4.3 "packing" shall be deemed
to include stowage in a container or liftvan but only when such stowage is
carried out prior to attachment of this insurance or by the Assured or their
servants)
4.4 loss damage or expense caused by
inherent vice or nature of the subject-matter insured
4.5 loss damage or expense proximately
caused by delay, even though the delay be caused by a risk insured against
(except expenses payable under Clause 2 above)
4.6 loss damage or expense arising
from insolvency or financial default of the owners managers charterers or
operators of the vessel
4.7
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.
5.