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United Nations Cargo Insurance, Restricted Cover

CARGO INSURANCE - Restricted Cover

A. - COVERAGE

B. - GENERAL EXCLUSIONS

Alternative A
Alternative B

C. - ADDITIONAL COVERAGE

D. - PERIOD OF COVERAGE

Alternative A
Alternative B

E. - MEASURE OF INDEMNITY

Alternative A
Alternative B
Alternative A
Alternative B
Alternative A
Alternative B

F. - INSURABLE INTEREST

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

United Nations Marine Cargo Insurance, Restricted Cover

United Nations (UN)

copy @ Lex Mercatoria

United Nations Cargo Insurance, Restricted Cover

CARGO INSURANCE - Restricted Cover

B. - GENERAL EXCLUSIONS

3 This insurance does not cover:

3.1 loss, damage, liability or expense caused by:

3.1.1 war, hostilities or warlike acts;

3.1.2 civil war, revolution, rebellion, insurrection, or civil strife arising therefrom;

3.1.3 mines, torpedoes, bombs or other weapons of war;

3.1.4 capture, seizure other than by pirates, masters, officers or crew, arrest, restraint or detainment, and the consequences thereof or any attempt thereat;

3.1.5 sabotage or terrorism committed from a political motive;

3.1.6 detonation of an explosive caused by any person acting maliciously or from a political motive;

3.1.7 strikes, lock-outs or other similar labour disturbances;

3.1.8 civil commotions, riots or other similar events;

3.1.9 confiscation, requisition, or other similar measures taken or attempted by any government or other similar organization assuming or wielding power; or

3.1.10 deliberate damage to or deliberate destruction of the insured cargo or any part thereof by the wrongful act of any person or persons;

3.2 loss, damage, liability or expense resulting from the personal act or omission of the assured done with the intent to cause such loss, damage, liability or expense, or recklessly and with knowledge that such loss, damage, liability or expense would probably result;

3.3 ordinary leakage, ordinary loss in weight or volume, or any other ordinary loss of or damage to the insured cargo;

3.4 loss, damage, liability or expense caused by insufficiency or unsuitability of packing or preparation of the insured cargo;

3.5 loss, damage, liability or expense caused by inadequacy or unsuitability of the stowage of the insured cargo in a container or liftvan where such stowage is carried out prior to attachment of this insurance;

3.6.1 loss damage, liability or expense caused by

3.6.1.1 unseaworthiness of vessel or craft, or

3.6.1.2 unfitness of vessel, craft, conveyance, container or liftvan for the safe carriage of the insured cargo, where the assured knew of or had recklessly refrained from obtaining knowledge of such unseaworthiness of unfitness by the time the insured cargo was loaded therein.

3.6.2 This exclusion 3.6 shall not be invoked against a party claiming under this insurance to whom the insurance has been assigned and who has bought the insured cargo in good faith without notice of such unseaworthiness or unfitness;

3.7 loss, damage, liability or expense caused by inherent vice or nature of the insured cargo;

3.8 loss, damage, liability or expense caused by delay, even though the delay is caused by a peril insured against, except liability or expense payable under clause 5 (the General Average and Salvage Clause);

3.9

Alternative A

loss, damage, liability or expense caused by insolvency or financial default of the owners, managers, charterers or operators of the vessel;

Alternative B

3.9.1 loss, damage, liability or expense caused by insolvency or financial default of the owners, managers, charterers or operators of the vessel, where the assured has failed to take all necessary and prudent measures to establish, or to ensure that his agents establish, the financial reliability of those parties.

3.9.2 This exclusion 3.9 shall not be invoked against a party claiming under this insurance to whom the insurance has been assigned and who has bought the insured cargo in good faith without notice of such insolvency or financial default and without notice that the original assured has failed to take such measures.

3.10 Additional exclusion clause (if expressly agreed by the parties): loss, damage, liability or expense caused by piracy.

3.11 Additional exclusion clause (if expressly agreed by the parties): loss, damage, liability or expense arising directly or indirectly from or in connection with nuclear, radioactive or similar material or from the use of or accidents in nuclear installations or reactors.


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( International Trade/Commercial Law & e-Commerce Monitor )

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Lex Mercatoria