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Institute Marine Cargo Clauses

War Clauses

RISKS COVERED

1. - Risks Clause

2. - General Average Clause

EXCLUSIONS

3. - General Exclusions Clause

4. - Unseaworthiness and Unfitness Exclusion Clause

DURATION

5. - Transit Clause

6. - Change of Voyage Clause

7.

CLAIMS

8. - Insurable Interest Clause

9. - Increased Value Clause

BENEFIT OF INSURANCE

10. - Not to Inure Clause

MINIMISING LOSSES

11. - Duty of Assured Clause

12. - Waiver Clause

AVOIDANCE OF DELAY

13. - Reasonable Despatch Clause

LAW AND PRACTICE

14. - English Law and Practice Clause

[Post Note]

[Post Note]

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

Institute Marine Cargo Clauses, War

Institute Marine Cargo Clauses

copy @ Lex Mercatoria

Institute Marine Cargo Clauses

War Clauses

CLAIMS

9. - Increased Value Clause

9.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed value of the cargo shall be deemed to be increased to the total amount insured under this insurance and all Increased Value insurances covering the loss, and liability under this insurance shall be in such proportion as the sum insured herein bears to such total amount insured. In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under all other insurances.

9.2 Where this insurance is on Increased Value the following clause shall apply:

The agreed value of the cargo shall be deemed to be equal to the total amount insured under the primary insurance and all Increased Value insurances covering the loss and effected on the cargo by the Assured, and liability under this insurance shall be in such proportion as the sum insured herein bears to such total amount insured.

In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under all other insurances.


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Lex Mercatoria