Marine Insurance Tariff

1
== |-, - + + ==== =s- == =-=+ ==-+ =+= ==

|-, - + + =- = |+ =++ +== = == -==-=, - + -== =
+ =+-== - + +==-+ == == ==-= =+ ==+ == ===+ -+,
-- = =+ c
+-c -
+=+
1= =- -= += = -++ -= ==+ == ===+ -+, --
+ c
- = -+ ==-= -+|+ =- == -c
2= + == - +=== =+ = -=== = -+=
+ ==- -= == |-, - + + + =++ ==== =s- ==
==- ==- +c
==+ -= == |-, - + + + =++ ==== ==+ ==
=-== =- +=- = - |+ ==s- =- ==- +c
= ==- -= = -+ ==== ==+ == ==- =a - =- ==-
+c
==+ == -= |+ - |+ =t t--+ =+- +== = ====-
Cargo == += = =:+- =+- == =: == -+ ==== =-
== ==- +c
z === -= ==+ ==+ +-= ===+ =++ - =- =-=
|+ == -+ ====+ =- ==- +c ===+ -=+, ====
==- +==, ==+= - == ===+ =- == =-- c-
= = ++ (Cover Note) -= -+= === = =- ==- -|+
=--= == = +- =- ===+ =;= == -+ ==== = =-
=- ==- +c
c == (Warranty) -= ==+ == =--+ ++- =-= ==+= ===+
-=+= =-= =- == -+ ====+ +-+- ==- +c
= ==-+ -= ==+ == =+- ==-= ==+=: -- +- += ==-
+c
== -= = -+ ==== ==:- ==+ ==== ===+- =--=
==-+ ==- +c
= ==+= -= ===+ -=+= =-=- --= =-=+--= +=
=-+ == ===+ |+ ==+ += - ===== ==- + =- ==-
+c
2
= =++ -= +=+ - -+- ==- --=== =--= += =- +- ==
-+ ====+ = ==~- +c
s ===+ -=+ -= ==+ == = = =- == -+ ====+
===+ -=+ =:== ==~- +c
: +--= += -= ==+ == =- =- =a=-= + +=
==+ == =~=- +- == -+ ====+ -- += ==~- +c
t +== (Clause) -= ===+ =- ==+ += - == -+
====+ ==+ == ===+ +== ==- +c
ICC 'A' -= == -+ ====+ Institute Cargo Clauses 'A' ==- +c
- ITC 'A' -= == -+ ====+ Inland Transit (Rail or Road) Clause 'A'
==- +c
ICC (Air) -= == -+ ====+ Institute Cargo Clauses (Air) ==-
+c
ICC 'B' -= == -+ ====+ Institute Cargo Clauses 'B' ==- +c
+ ITC 'B' -= == -+ ====+ Inland Transit (Rail or Road) Clause 'B'
==- +c
- ICC 'C' -= == -+ ====+ Institute Cargo Clauses 'C' ==-
+c
+ ITC 'C' -= == -+ ====+ Inland Transit (Rail or Road) Clause
'C' (Fire Risk Only) ==- +c
+ ==+ == == (All Risk Insurance) -= == -+= ==-= ICC
'A' - ITC 'A' - ICC (Air) +=== =-=- =+- - == =++
== == - - == ==- +c
= =+- == == (Basic Risk Insurance) -= == -+= ==-=
ICC 'B' - ITC 'B' +== ====+ == =+ - - == ==- +c
=--= == == (Minimum Risk Insurance) -= == -+= ==-=
ICC 'C' - ITC 'C' +== ====+ == =+ - - == ==- +c
= =- ==+ =-- (Extra Hazardous Goods) -= -- := ===:
:= +- := += -=- = (Flash Point) |+ =-- ==~- +c
= ==+ =-- (Hazardous Goods) -= -- := ===: := +-
:= - = =t - - := ===: := +- :: +=
-=- = (Flash Point) |+ =-- ==~- +c
== - =-- (Non hazardous Goods) -= - := ===: :=
+- :: - = =t -=- = (Flash Point) |+ =-- ==~- +c
3
= - === (Declaration Policy) -= == -+ ====+ -
=== ==- +c
- -+| ==== -= == -+= -+| ==== ==- +c
3= -+ -+= ++ ==+= ===- =- ==+ == =-==+ += = -+
== -c
4= = === == +- ==-== = =|+ ==+==- == ===+
=-- - +++ = =|+ c
- = -+ == - = ==+==- == ===+ =-- - +++
=-+ | =+ += +- == -+ ==== | =+ =-- c-
+-c - -
=== ===+ =--
5= +--= += == -+ =-=- ==+ == =- =- =a=-+ -+==
= ====+ +--= += + += ==+ == + |+c =+ ==+
== =- +-c
+ - ===+ == =-==-+ ====,
- === =+ == ===+ == =-==- ====
6= === = =- ==+= ==+ == = =-==-- ====+ ===== ==
-+= -+| ====+ +== ==- = === = =- +-c
7= == = ++ + -= = =- -+= === = =- ==- -|+ =--=
=-==- ====+ == = ++ = =- =+- c - ==- -= =a ==
= +++ =;= -+| ====+ === = =- +-c
8= ===== = ++ = =- -- == -+= -+| ====+ ==+
-- =-= -= ===== = ++ = =- -
- + ==-+ +- -= ===== = ++ = =- -
- == -+= -+| ====+ + -+-+ =+-= - === =
=- == =--= +- =+ =- c-
9= == ===== = ++= == += =- -- == -+ ==== =
===== = ++= - =+ ==+ == =--+ t-- += =+ +c
+- +- == += =- -
10=-+- === == -+= -+| ====+ === = =- +-c
- =+--+ ====+ === = = ==-+ +- --+- +- -=
==== +- += =- +:- c-
4
11===-+ =- =- -=+ == -++ =-==- ==== ==-+ =- =-
+- c
12===+ == === t--+ === =-= == -+ ==== ICC 'A' -
ITC 'A' - ICC (Air) +== ==- = ==+ == === = =- +-c
- ==+ == ===== t--+ === - ==+ == =--+ ++-+
=+= =+--+ = =-=- +==+ =-a == -+ ====+ ==
=+ +== ==- =- +-c
==+ == ==== ==+ == ---+ ++-+ =+= == -+ ====
=+ == ===- +- |= =-- ==+ ==+ = ===+
-=+= =-= =- +-c
==+ == === =-=- =-a == - = =+ = ===+
-=+= =-= = == -+ ==== =+=a +== ==- =- +-c
13==+- == === t--+ === =-= == -+ ==== ICC 'B' -
ITC 'B' +== ==- = =+- == === = =- +-c
- =+- == ===== t--+ === - ==+ == =--+ ++-+
=+= =+--+ = =-=- +==+ =-a == -+ ====+ ==
=+ +== ==- =- +-c
=+- == ==== ==+ == =--+ ++-+ =+= == -+
==== =+ == ===- +- |= =-- ==+ ==+ =
===+ -=+= =-= =- +-c
=+- == === =-=- =-a == - = =+ =
===+ -=+= =-= = =+=a +== ==- =- +-c
14==--= == === t--+ === =-= == -+ ==== ICC 'C' -
ITC 'C' +== ==- = =--= == === = =- +-c
- =--= == ===== t--+ === - ==+ == =--+ ++-+
=+= =+--+ = =-=- +==+ =-a == -+ ====+
=+ +== ==- =- +-c
=--= == === =-=- =-a == - = =+ = ===+
-=+= =-= = =+=a +== ==- =- +-c
15==-a == + == -+ ==== = - === =-=- == -+
==== =-a == + = = ==== =- +-c
+ ===+ -=+= + == - =+ = =-= =- +-c
- =+ + == =-+ == -+= -+|+ == =+ +==
==- =- +-c
5
= + == - = -+- -+| ==== + ==-+ =- +-c
- ==+ == ===, =+- == === =--= == === =-=-
t--+ === =-= :-=, == - -=+ =+- SRCC - =: :-=,
== - -=+ =+- War and SRCC == + =- =+-c
=+- == === =-=- =+--+ - = =-=- == -
===+ =+= Water damage - Theft Pilferage & Non-delivery - Non-delivery
== - + =- =+-c
-, ==+ -==-- === + =--= Non-delivery == - =+ +
=- =+-c
== -+= =-= | ==== ++ +- = =-a == + =-
-
16==++ ===+ =-- == -+ ==== = - +=+ ==== ++=
=-==- ==== =++ ===- +-c
- =+--+ ==== =++ === +- Vessels/Conveyance + =+= ===-
+c
17==== +-- ++ (L/C) |+ =--= - == |+ =--=
=+ = === - == = ++ =- -
- =+--+ ==== === - == = ++ =- + == |+
- ===+- =+= =+=+ =|+ +-- ++ ===+ += ==- =- +-c
=+--+ ==== === - == = ++ =- + === - ==
= +++ =++= +- +- =- +-c
=+--+ ==== === - == = ++ =- + == -++
=== += =--+- = -+- +; =- =+-c
=+--+ = =-=+ = =-= =|+ |- +- Termination of Transit
Clause (Terrorissm) - Automatic Termination Clause + =-- ==== ===
=- +- =+ +- c-
+-c -
== ===+ =--
18===-+ == -+ ==== =- ==+ =--= ==-+ =-==-- =
-+| ==== -c
19===-+ ==- -- == -+= -+|+ =--= ==-+ +=
= ==-+ -+ =- -
- == -+= -+|+ c= +- =- == =--= =+ +-=|+ =-- c-
6
20===-+ +- --+- =-+- = -+= =-= -|+ ==+ -= =-- -
==+ += ==-+ -++ == ==-+ +- --+- =-+-c
21==-a == - + = =+-+ ==-+ = -+ ==== =-a
== - + = =+-+ =--= ==-+ =-==- ==== -c
+-c -
==-+= c= ===+ =--
22=+=- =+- c= t-- - ==- +=-= - |= ==+= ==-=: =-==-=
+ = - = -+| ==== c= +- =- =+-c
23=-: ==== t-- =+- c= -: == t-- - ==-+ += ==+=
==-=: =-==-=+ = -- = -+| ==== c= +- =- =+-c
- ==+ == ==-== =-- ==-+ t-- - |= == -+ ====+ c=
+- =- -
24=-= == =+ +== = -+- c= -= == (In-land) =+ +== = t-- =-
==-+ t-- += - -= =-= -==== -+= + +- |= ==+=
===+- ==-=: = ==== c= - =+-c
+ ==-+ t-- += - -= =-= -====+ +== +=
== += |= =-==-= + = -+ = -+| ====
==-+ t-- += - -= =-= -====+ +==
+=== - = =t |= =-==-= + = - = -+| ====
- -= == (In-land) =+ +== = t-- =- ==-+ t-- += - -= -
=-= -= -+= = |= ==+= ===+- ==-=: =-==-= + = -
= = -+| ==== c= - =+-c
25=+= == -+- c= == =+-+ ==-- -: = ==+ == =-== +-
|= ==+= ==-=: =-==-= + = - = -+| ==== c= +- =-
=+-c
26=s= ==: =+- c= |== +-- ++== ==- - -=- - ==+ == =--+
==: += +-== +: - = =t |+ =--= ==+= ==-=: =-==-
= + = - = -+| ==== c= +- =- =+-c
- - === =-=- == =-++ ==- +c =---+ += +== - =|+
==: += +== +: - = =t |+ =--= ==+= ==-=:
=-==-= + = - = -+| ==== c= +- =- =+-c
=+--+ - ====+ c= +- =-+ == - === =-=-+ ==-
|== - +-c
7
- =+ - =a= =- ++ ++ = =+--+ - ====+ c= +-
=- =+ +- c-
- ===+ == =-+ ==- |+c =+ =+--+ - ====+ c=
+- =- +-c
+-c -
+== ===+ =--
27=+=== |++- +=+ ==+= ==+ == = =-==- = -+| ====+
+== ===== ==- =- +-c == -+= -+| ++ +== ==- =-
+ ==-+ +- --+- =- +-c
28====== +== ==- =- +- == -+ ==== === = =
t--+ === - ===+ ++ =-= = ====+ +== ==- =- +-c
+ ==+ ==+ == ==- - - = ==+ == === = =
=-- ===== =-==-+ = -+| ====+ ICC'A' +== ==- =-
+-c,
==+ ==+ == ==- - - = =+- == === =
= =-- ===== =-==- = -+| ====+ ICC'B' +== ==-
=- +-c,
= ==+ ==+ == ==- - - = =--= == === = =
=-- ===== =-==-= = -+| ====+ ICC'C' +== ==- =-
+-c,
==+ ==+ == - -- - -: ==+ == ==- - -
= ==+ == === = = =-- ===== =-==- = -+|
====+ ICC (Air) +== ==- =- +-c,
z -= ==+ == =+ - - = ==+ == === = = =--
===== =-==-z = -+| ====+ ITC'A' +== ==- =- +-c,
= -= ==+ == =+ - - = =+- == === = =
=-- ===== =-==-= = -+| ====+ ITC'B' +== ==- =-
+-c,
c -= ==+ == =+ - - = =--= == === = =
=-- ===== =-==-c = -+| ====+ ITC'C' +== ==- =-
+-c
- =+--+ ====+ +==+ =-a ==+ == =--, t--+ ===,
===+ ++ - - =|+ + ==+ =+= = ====+
== =+ +== ==- =- +-c
+ =-==-= ==== Institute war Clauses (Cargo),
8
=-==- ==== Notice of Cancellation and Automatic Termanition
Clause,
= =-==-= ==== Institute Strikes Clauses (Cargo),
=-==-= ==== Institute War Cancellation Clause (Cargo),
z =-==-s ==== Institute War Clauses (Air Cargo),
= =-==-: ==== Institute Strikes Clauses (Air Cargo),
c =-==-t ==== Strikes, Riots and Civil Commotions Clause,
= =-==- ==== Institute Classification Clause,
=-==-- ==== Pre-despatch Survey Clause,
= =-==- ==== Extension of Cover Beyond Seven Days Clause,
= =-==- ==== Theft, Pilferage & Non-delivery Clause,
s =-==-+ ==== Non-delivery Clause,
: =-==-- ==== Water Damage Clause,
t =-==-+ ==== Institute Replacement Clause,
=-==-+ ==== Replacement Clause (Second Hand Machinery),
- =-==-= ==== Duty Insurance Clause,
=-==- ==== Quarantine Insurance Clause,
=-== -= ==== Termination of Tranisit Clause (Terrorism)
+-c - -
== ===+ =--
29==== |+ +- ==+ == = ==+ -= ---+ ++-+ =+=
=-=+- =-= =-==- = -+| ====+ == ===- =+-c
30=-=+= ==- +- ==== ==:|+ ==+ + = ===+ -=+=
==- +-c
31=++ == ===- -+:- == -++ =-==- = =-= |
=++ == ===- -
- =+--+ = =-= | =++ == ===- +- =-- ==- |=
==-+ --+- =- +-c
9
+-c -
- === ===+ =--
32=- ==== |+ +- == -+ ==== - === = =
=-==-- ====+ ===== =-==- = -+| ====+ -=+ ==- =-
+c
- - ==== - =- == =-= == -+= -+|+ =+
+== ==- =- +-c
33=- === = =- -- : - : =t ==-+ ==a -== -
=== = =- -
- ==-+-+ ==-= ==+ ===--= =+ - =a= =-+ =a= -- +
=--= ==== =-- =+ - =a= =-+ -= =-= =- =+-c
34=- ===+ =-+ - ===+ =-+ = - =-+ -c
35=- ===+ ==: - === = - =-= = - =-
=-++ Turnover + =+= - ===+ ==: -+ =- +- c
36=t-- =|+ =--+ - === =-=- == |+ =--+ t-- +=
== =-==-- ====+ t=+ ++ ==+= +- =- =-- =- +-c
37=- ===+ ==-+ - ===+ ==-+ += =-==-- -
=-==- = -+|+ ==-+ - =-==-= = -+|+ c= ==== =- =-
+-c
- - === =-=- : - : =t - - ==-+ =- =--+
== - - |= = ==== =- +-c
+ c; c; =--+ ==: c; c; -- |= = ==== ==-+ ==:
==-+ =- =- +-c
c; c; =--+ ==: --- |= - === =-=- == -
=|+ =-- == =++-= ==-+ =- =-- ====+ ==-+ =
+ ==:+ ==-+ += =- =- +-c
=+--+ - ==== =- = - ==- += ==-+ +=+ +=-= +==
+-- += +=+ += +- | +c =+ - === = =- +-c
-+ - ====+ ++ +- | +c =+--+ ====+ +=
+=== - ===+ ==-+ += == ==- = =- +-c
- +- +- =--= =-- += += =-= |+ =- t-- =|+ =--+
==: ==== =- ==-+ += - - -
10
+-c- =
--+
38===: -+ == -+ ==== = =- ===+ ==: = ====
-+ =- +-c
+ ==+ =-= Invoice Value
-+=+- ==: +== =- +==-+ == += =-t - =+-
Tolerance Level =-= |+ ==+ =-=+ += =-- Tolerance
Level + =++-= =: - ==- +=+ =+= ==+ =-=
+== =- +-c
==+ =-=+ +-- === += + ==- = (Incidental Costs),
= === +=- =- +==- + =- = = - = =-= |+ + ==-
=+ =-a == =+ == ==+ =-=+ +-- === +=,
= -+ Custom Duty =- |= ==-- = -+ ==+ +=
- ==+ -=+= ==+ ===--+ ==+ =-=, + ==- = == = ==-
- = -+ == == : += ==: +== =- +-c
39== =-+ --- == -+ ====+ "ITC 'A' " - "ITC 'B' = +- =-
Duration of Cover =: ===+ =+= = ==== =-- =- =+-c
+ =--+ =-+ =t= = -=== +== =- =+-c
=--+ == =-==-- = -+| ==== + ==-+ =- +-c
= =-==-- = -+| ==== Extension of Cover Beyond Seven Days Clause
===== ==- =- +-c
40=== =+-= +=- +=- += == =+- =+- +- ==+ == =-==
=+- == =+-= +=- +=- += ==-++ +-- =t -
-
11
=-==- +
-+ + == ===+-
MARINE INSURANCE QUESTIONNAIRE FORM
(FOR DECLARATION POLICY)
Date: ...................
Name of office: .................
Agency: ........................
ALL QUESTIONS ARE TO BE ANSWERED
1. Name & Address of Proposer: .......................
2. Period of Insurance: ................................
3. Description of goods to be insured:................
4. Details of Packing :......................
5. Details of Voyage or Transit :..................
a) From :............................
b) To :.........................
c) Mode of transit (by Sea / Air / Rail / Road) :.........................
6.Sum Insured:...................
7.Limit per sending :.....................
8.Limit per location :...................
9. Type of Insurance Cover required (All Risk / Basic Risk / Minimum Risk) :................
10. Additional Cover required :...................
11. How long has proposer previously been handling this type of business ..........................
PROPOSER'S SIGNATURE
12
=-==-
-+ == ===+-
MARINE INSURANCE QUESTIONNAIRE FORM
Date:....................
Name of office:..................
Agency:.................
ALL QUESTIONS ARE TO BE ANSWERED
1. Name & Address of Proposer :.......................
2. Description of goods to be insured :................
3. Details of Packing :......................
4. Details of Voyage or Transit :..................
a) From :............................
b) To :.........................
c) Mode of transit (by Sea / Air / Rail / Road) :.........................
d) In case of Sea Voyage, name of the vessel :...........................
e) Invoice No & Date :
f) L/C No.& Date :
g) B/L No./C/N No./AW/B No./R/R No.& Date :
5. Estimated Date of Departure :
6. Sum Insured
a) Invoice value :.................
b) Tolerance Limit (If any) :...................
c) Incremental Costs (Expressed as a percentage of Invoice value) :................
d) Duty (Duty amount payable on arrival) :................
7. Type of Insurance Cover required (All Risk / Basic Risk / Minimum Risk) :.................
8. Additional Cover required :...................
9. How long has proposer previously been handling this type of business :.................
PROPOSER'S SIGNATURE
13
=-==--
-+ - == ===+-
Marine Insurance Policy
We...................(hereinafter called the Insurer) hereby agree in consideration of the payment to us by or on behalf of
the Insured of the Premium specified in the schedule to insure against loss , damage ,liability or expenses to the extent
and in the manner herein provided
SCHEDULE
Date: Issued at: Date of Questionnaire:
Policy No : Agent:
Name and address of Insured : Bill No:
Receipt No. :
Sum Insured:
Invoice Value
Incidental cost
Duty
Total
Premium
Stamp Duty
VAT
Total :
Subject matter insured/Interest :
Marks & Numbers:
Voyage :
From :
To :
Invoice No & Date :
L/C No.& Date :
B/L No./C/N No./AW/B No./R/R No.& Date :
Vessel and / or Conveyance:
Estimated Date of Departure :
Terms of Insurance: Subject to the following clauses listed and attached hereto and printed warranties below;
Clauses:
Warranties:
Deductible Excess:
Surveyor Name :
Contact Person :
Address:
Claims payable at:
Signed for and on behalf of the.......................................
Authorized Signatory
Name:
Designation:
Office Seal: ........................................
14
CONDITIONS
1 PROCEDURE IN THE EVENT OF LOSS OR DAMAGE FOR WHICH INSURERS MAY BE LIABLE
A FOR CARGO SHIPMENTS
i It is the duty of the Insured and their Agents, in all cases, to take such measures as may
be reasonable for the purpose of minimising a loss and to ensure that all rights against
Carriers, Bailees or other third parties are properly preserved and exercised.
In particular the Insured or their Agents are required:-
a To claim immediately on the Carriers, Port Authorities or other Bailees for any
missing packages;
b In no circumstances, except under written protest, to give clean receipt where
goods are in doubtful condition;
c When delivery is made by container, to ensure that the Container and its seals are
examined immediately by their responsible official.
If the Container is delivered damaged or with seals broken or missing or with seals
other than stated in the shipping documents, to clause the delivery receipt
accordingly and retain all defective or irregular seals for subsequent identification;
d To apply immediately for survey by Carriers' or other Bailees' Representatives if
any loss or damage be apparent and claim on the Carriers or other Bailees for any
actual loss or damage found at such survey;
e To give notice in writing to the Carriers or other Bailees within 3 days of delivery
if the loss or damage was not apparent at the time of delivery.
Note: - The Consignee or their Agents are recommended to make themselves
familiar with the Regulations of the Port Authorities at the port of discharge.
ii To enable claims to be dealt with promptly the Insured or their Agents are advised to
submit all available supporting documents/stated below without delay (when
applicable):-
a Original Policy or Certificate of Insurance,
b Original or Copy of Shipping Invoice, together with Shipping Specification and/or
Weigh Note;
c Original Bill of Lading and/or other contract of carriage;
d Survey Report or other documentary evidence to show the extent of the loss or
damage;
e Landing Account and Weight Note, Remark Lists at final destination;
f Correspondence exchanged with the Carriers and other parties regarding their
liability for the loss or damage.
B FOR INLAND DESPATCHES
i It is the duty of the Insured and their Agents in all cases to take such measures as may
be reasonable for the purpose of averting or minimising a loss and to ensure that rights
against Carriers, Bailees or other Third parties are properly preserved and exercised.
In particular the Insured or their Agents/Consignees must-
a under no circumstances, given clean receipt to the Carriers in respect of packages
which are offered to them for delivery in a doubtful condition, except under written
protest;
15
b take examined delivery from the Carriers of any packages which are outwardly
damaged or appeared to have been tampered with and obtain a Certificate of
Damage and/or Storage from the Carriers;
if the Carriers should refused to grant examined delivery, suitable remarks as to the
condition of the packages and the contents thereof should be made in the Railway
Station Delivery Book or on the negotiable copy of the Consignment Note in the
case of despatches by Road/Aircraft;
c take weightment/examined delivery of any packages which are in an outwardly
sound condition, but deficient weight, as compared with the booked weight, and
obtain a Certificate of Shortage from Carriers, if deficiency in weight is proved;
To give notice in writing to the Carriers or other Bailees within 3 days of delivery
if the loss or damage was not apparent at the time of delivery.
The Insurer's liability shall succeed and not in any way supersede that of the Carriers,
Bailees or other Third Parties concerned.
ii To enable claims to be dealt with promptly, the Insured or their Agents are advised to
submit all available supporting documents/stated below without delay
(when applicable):-
a Original Policy or Certificate of Insurance;
b Originals or copies of the Supply Invoice and packing/weight specifications;
c The negotiable or other copy of the Carriers' Receipt and/or the original of the
Carriers' Certificate of Non-delivery or Certificate of Damage and/or Shortage;
d Survey Report or any other documentary evidence of loss or damage;
e Copies of Notices of Claim against the Carriers and other third parties together
with the relative Postal Registration Receipts and receipted A/D Cards and copies
of all subsequent correspondence exchanged with them;
f Claim Bill.
C PROCEDURE FOR CLAIMS AGAINST CARRIERS
In the event of loss of or damage to the interest insured whilst in the custody of the Carrier,
proper notice of claim, specifying details of the consignment full booking particulars, nature
and extent of loss/damage and the amount of compensation, with copies of the relative
Supply Invoice and the Carriers Certificate of Non-delivery or Certificate of Damage and/or
Shortage must be issued against:-
i The General Manager or Chief Commercial Superintendent of the Railway
Administration on which the booking and destination station lie, within 6 month from
the date of booking; or
ii The Road Carriers concerned (booking and destination offices), within 6 months from
the date of booking; or
iii The Air Carriers concerned, within 7 days from the date of delivery of the goods at
destination or in the case of non-delivery within 14 days from the date of booking.
Notice of claim as above should be served by the actual owners of the goods (consignors or
consignees as the case may be).
Such notices should specify that they are also being served on behalf of the Insurers.
The postal Registration Receipts and receipted A/D Cards relative to such notices of Claim,
also any official acknowledgements/replies from the Carriers, should be carefully preserved.
The originals of the Carrier's Receipts or certificate of Non-delivery or Certificate of Damage
and/or Shortage must not be surrendered to the Carriers without prior reference to the Insurer.
16
2 LAW AND PRACTICE
A
Provisions of Nepalese Law (if any) shall prevail over any other Law mentioned in the
clauses attached to this policy.
B
In case of any dispute on any loss or damage under this policy, the same shall be resolved
according to the Insurance Act, 2049.
3
RADIOACTIVE CONTAMINATION EXCLUSION
In no case shall this insurance cover loss, damage, liability or expense directly or indirectly caused
by or contributed to by or arising from:
A
Ionising radiations from or contamination by radioactivity from any nuclear fuel or from any
nuclear waste or from the combustion of nuclear fuel;
B
The radioactive, toxic, explosive or other hazardous or contaminating properties of any
nuclear installation reactor or other nuclear assembly or nuclear component thereof;
C
Any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction
or radioactive force or matter.
17
=-==-
-+ == ===+-
Marine Cargo Cover Note
..................................having proposed for the insurance specified below and paid sum of
Rs.............hereby held covered in the terms of the Insurer's usual form of Policy applicable
thereto for the period from......................... (time)......................................................................
to......................................
Invoice No. :
Bank L/C No. :
B/L No / R/R No / C/N No/AW/BNo. & Date :
Sum Insured;
Invoice Value :
Incidental cost :
Duty : __________
Total : ....................
Premium
(as per attached sheet)
Stamp Duty :_________
VAT ( %) :_________
Total : -------------
DETAIL
Policy No. :........................................................
Voyage/Journey :............................................
Conveyance :..........................................................
subject Matter :..........................................................................
Estimated Date of Departure :..........................................
Risks Covered :.............................................
Excess :..................................................
Signed for and on behalf of the........................................................................
Seal
Name:
Designation:
18
=-==-
-+ == ===+-
Marine Insurance Premium Calculation Sheet
Specified premium rate (as per S.N....of Schedule 6) (In decimal) .....................(A)
Air transit discount (20% of A)
or
Inland transit within Nepal (limited distance) discount (30% of A)
or
Inland transit within Nepal discount (25% of A)
or
Inland transit discount (20% of A)
.....................(B)
( A-B) .....................(C)
Container discount (10% of C) .....................(D)
(C-D) .....................(E)
Additional premium rate for;
a) W& SRCC or SRCC (as per S.N.....of Schedule 7)
b) Other (specify)
i)......... (as per S.N.... of Schedule7)
ii) ......... (as per S.N.... of Schedule 7)
.....................(F)
.....................(G)
.....................(H)
Applicable premium rate (E+F+G+H) .....................(I)
Premium for other than duty insurance
{(Invoice value + incremental cost) x Applicable premium rate}(In Rs.) ..................... (J)
Premium for duty insurance
(Duty in amount x Applicable premium rate) .....................(K)
(J + K) .....................(L)
Direct business discount (10% of L) .....................(M)
Large Sum Insured Discount (20% of M) .....................(N)
Premium
19
=-==-
-+ - + == ===+-
==+ === ===- +- =++
==+ ===-- ==+= - - -=- ==-
|=
===+ =+= ==:+ +--
+--===,
- ==+ ===-- s= +== + -= +
|=
===+ =+= ==:+ +--
+--===,
==+ -==-- == + ==- (Bagged
Cargo) |=
===+ =+= ==:+ - +-- -
+--=== ,
==+ ===-- = =-= =| =+
|=
===+ =+= ==:+ - +--===
-+=+ ==+ -==--+ + - (Total Loss) - Non delivery of entire
consignment / conveyance |+ =--= =-=- =++ +; =- -
=-==--
-+ = == ===+-
==+ ==+ =--= ==-+ +- == ==:=
Rate (%)
All
Risk
A
Basic
Risk
B
Minimum
Risk
C
==+ =+- =--=
S.N. Description --
== == ==
AUTOMOBILES
(Other than driven on own
power)
--==- =- =+-
==| -=|+ =--= =+
1
( Spare Parts Should be rated
as Sr. No.37 )
-+= += =+ ==-+
+= =-= +== =- +-c
0.26 0.14 0.06
BAGGED CARGO
(Other than Specified in
other points)
== + ==-
== == =-= |+ =+
a. In New Gunny/Jute Bags
+ -= == - =-+ ==
+
0.25 0.15 0.06
2
b.Polythene Bags, Double
Bags, and woven Sacs
+=-+ =, : - |+
= - =-+ == +
0.22 0.13 0.05
3 BETLENUTS =+ 0.50 0.30 0.12
BEVERAGES AND
MINERAL WATER
(Including Liquors)
+= + =-= -=
= == + =-
a. In Glass Bottles + + =-== + 0.40 0.25 0.10
4
b. In Other Packing == =+:= + 0.30 0.15 0.06
5 CABLES AND WIRES == +++ - 0.15 0.10 0.04
6 CEMENT === 0.50 0.15 0.06
20
Rate (%)
All
Risk
A
Basic
Risk
B
Minimum
Risk
C
==+ =+- =--=
S.N. Description --
== == ==
CHEMICALS
( Other than Fluid )
==-+ +
-= - == =+
a. Non Hazardous + == - 0.30 0.18 0.07
b. Hazardous ==+ 0.40 0.25 0.10
7
c. Extra Hazardous = =- ==+ 0.50 0.30 0.12
8 COAL +:= 0.50 0.40 0.30
9
CARPETS, TEXTILES,
HOSIERY AND
GARMENT RAW
MATERIALS AND
PRODUCTS
++=, ++:, == -
===+ +-= + -
-= ==-
0.15 0.10 0.04
10
COTTON, YARN,
THREAD
++=, == +++ += 0.10 0.08 0.04
EDIBLE OIL AND GHEE =, -= =
a. In Bulk, Tanks, Tankers
+ ==;, ==; - s=
+== +
0.35 0.20 0.08
11
b. In Drum, Jar and Other
Packing
:=, = - == =+:=
+
0.22 0.15 0.06
EDIBLE ITEMS
(Other than specified in
other points)
= +
== == =-= |+ =+
a. Grains and Pulses + =-, =- - =:=: 0.25 0.15 0.06
b. Oil Seeds -=- 0.32 0.17 0.07
12
c. Others = == 0.25 0.15 0.06
13
ELECTRIC AND
ELECTRONIC ITEMS
(Other than specified in
other points) including
Watch, External Data
Media, Computers And
Accessories
==-= - :=+=-+ ==-
== == =-= |+ =+
:, ==- +-+== ===+-
==-, +=== - =
===+ =-==-
0.30 0.20 0.08
14
EMPTY GAS CYLINDER ==+ = ==: 0.08 0.05 0.03
FRAGILE & BRITTLE
ARTICLES
=== ==+= - - -=-
==-
15
(China Ware, Glass Ware,
Sanitary Ware and Others)
=:- -=, + ==-,
-=-= -= - == ==-
+++ ==-
0.80 0.50 0.20
FERTILIZER + == -
a. In Bulk + s= +== 0.50 0.23 0.09 16
b. In Bags == 0.40 0.20 0.08
17 FOOT WARE == +++ =a 0.20 0.12 0.05
FURNITURE +-=
a. Metal and Plastics + +- - ==+== =-+ 0.20 0.12 0.05
18
b. Wooden and other
+s - == =====
=-+
0.70 0.40 0.20
19
GOLD, SILVER AND
PRECIOUS STONES
=-, = - ==-= + 0.50 0.30 0.12
20
HANDICRAFTS OTHER
THAN FRAGILE AND
BRITTLE
=== ==+= -- --+=+
==-
0.30 0.15 0.06
21
Rate (%)
All
Risk
A
Basic
Risk
B
Minimum
Risk
C
==+ =+- =--=
S.N. Description --
== == ==
LEATHER AND
LEATHER GOODS
(excluding footwear)
c= - c=== =-+
==-
= a =+
a. Raw & Semi Finished + += - =+ -= 0.25 0.15 0.06
21
b. Finished Goods -= ==- 0.20 0.12 0.05
LIQUID CARGO AND
CHEMICALS IN FLUID
FORM
-= ==-, -= - ==+
+= - ==-+ +
Non Hazardous == -
a. In Tankar or Drums + ==: - :== + 0.40 0.25 0.10
Hazardous ==+
Extra Hazardous =- ==+
22
LPG
(LIQUEFIED PETROLEUM
GAS)
|= + =
-=+- +==== ==
a. In Tanker or Bullet + ==; - ==== + 0.40 0.25 0.10
23
b. In Cylinders ==:= + 0.20 0.12 0.05
MACHINERY AND
MACHINE TOOLS
=- - =- ==
a. Hand Tools + - a== =-- == 0.20 0.10 0.04
24
b. Other Power Tools == a== =-- == 0.30 0.20 0.08
25 MARBLE AND GRANITE === - =-:= 0.50 0.30 0.12
26
METAL - BILLETS,
INGOTS
=== - :-===+ += +
+-
0.06 0.04 0.02
27
METAL HARDWARE
GOODS, METAL
UTENSILS AND METAL
SHEETS
+-+ -= ===, +-+
:+: +-+ += +
+-
0.08 0.05 0.03
28 METAL SCRAP +-+ =+=+ 0.08 0.05 0.03
29
MATCHES AND ALIKE
(Fire Works, Fire Crackers,
Gunpowder, Ammunitions,
Celluloid, Explosives and the
likes)
==: - ==- +++
==-
=- +++ +=+,
:==+, =-===+ ==-,
=, ====s, ==--::,
=-+=+ - ==- +++
==-
0.90 0.55 0.25
PAPERS, PAPER
PRODUCT &
STATIONERIES
+==, +==== =-+ -
-=- ==-
a. News Prints, cardboards + == += - +:=: 0.30 0.15 0.06
b. Books Magazines,
Stationeries
+-=, +++++ - -=-
==-
0.25 0.12 0.05
30
c. Others = == ==- 0.30 0.15 0.06
31 PLYWOOD AND
PARTICLE BOARD
=:=: - +=+= =: 0.25 0.15 0.06
22
Rate (%)
All
Risk
A
Basic
Risk
B
Minimum
Risk
C
==+ =+- =--=
S.N. Description --
== == ==
PERISHABLE ITEMS === ==- - =:- =--
a. Non Refrigerated and Non
Insulated
+ +==: := ==: =
-|+
0.40 0.20 0.08 32
b. Refrigerated or Insulated +==: - :===: |+ 0.30 0.16 0.06
33
PERSONAL EFFECTS
AND HOUSEHOLD
GOODS
=a=- - == ==- 2.00 0.50 0.20
PETROLEUM FUEL
(KEROSENE, DIESEL,
PETROL)
+==== :+-
+==, :== - =;-=
a. In Bulk + s= +== 0.80 0.50 0.20
34
b. In Tanker and Others ==; - === 0.40 0.25 0.10
35
PHARMACEUTICALS,
MEDICINES,
TOILETERIES AND
COSMETICS
=+ - =+== =--,
=-:=== - == ++-+
===
0.25 0.15 0.06
PLASTIC ITEMS ==++ ==-
a. Plastic Sheets + ==+ == 0.18 0.10 0.04
b. Plastic Granules == +++ ==++ - 0.25 0.15 0.06
36
c. Other Plastic Goods = ==++ == ==- 0.20 0.12 0.05
SPARE PARTS
(Including Automobile
Spares)
-+= +==
--==- =- =+-+ -+=
+== ==-
a. Electric and Electronic + ==-= - :=+=-+ 0.32 0.22 0.09
b. Glass Items == =-+ 0.80 0.50 0.20
c. Mechanical = =+-+= 0.25 0.15 0.06
37
d. Rubber and Plastic Items
(including tires and tubes)
= - ==+== =-+
== - === =-
0.20 0.12 0.05
38
STRAW, GRASS, HAYS,
BAGGASE, BRAN, HUSK,
JUTE, COMBUSTIBLE
FIBRES AND ALIKE
+=, =, -=, ===, =, ==
- ==- +++ === =--
- == =-- ==-
0.70 0.50 0.20
SUGAR =-
a. In Bulk + s= +== + 0.60 0.35 0.14 39
40 TIMBER & WOOD =- =|+ - -=|+ +s 0.15 0.10 0.04
TOBACCO AND
TOBACCO PRODUCTS
=- - =-== =--
a. Leaf Tobacco + =-+ +- 0.30 0.20 0.10 41
b. Tobacco Product
=-== =-+ - =-==
=--
0.25 0.15 0.06
23
=-==-
-+ - == ===+-
=-a == + = =+-+ ==-+
+= =- ==-+
-===+ == =+ - - = = -
==== :-=, == - -=+ =+- ==
+ =
==:+ -
- ==+ ==+ == ==- - - = = -
==== =: :-=, == - -=+ =+-
== + =
==:+ ,
==+ ==+ == - -- -, -: ==+
== ==- - - = = - ==== =:
:-=, == - -=+ =+- == + =
==:+ -,
=+- == === =-=- Non-delivery
== + =
=-== - = -+|+ ===+-
==-+ + ,
=+- == === =-=- Water damage
== + =
=-== - = -+|+ ===+-
==-+ + -,
- =+- == === =-=- Theft, Pilferage &
Non-delivery == + =
=-== - = -+|+ ===+-
==-+ + -,
-= ==+ == =+ - - = = -
===+ Duration of Cover Extension =
=-== = -+|+ ===+-
==-+ + +- -
=-==-=
+-c- == ===+-
==+ ==-+= c=
+= =- c=
+=- =+- c= -+ -- == ===+-

-
-: ==== t-- =+- c= -+ - == ===+- -
-= == =+ +== = =+- c=
+ -+ - + + == ===+-
- + - + == ===+- -
= -+ - + - == ===+- -
+= == =+- c= -+ - == ===+-
s= ==: =+- c= -+ -- + - == ===+- -

-+=+ =-=- c= =-==- ==== =- =- +-c
24
=-==-
-+ - == ===+-
==+ == +==+ ==
+= +==+ =- ===+ ++ t-- == ++=-
T. Institute Cargo Clauses A ==+ == ==+ == ==-
. Institute Cargo Clauses B =+- == ==+ == ==-
~. Institute Cargo Clauses C =--= == ==+ == ==-
. Institute Cargo Clauses (Air) ==+ == -: == ==-
==+ == +== --
=--= =+
/.
Inland Transit (Rail or Road)
Clause A
==+ == -= == =+
==+ - -: ==
+== -- =--= =+
-.
Clause B
=+- == -= == =+
==+ - -: ==
+== -- =--= =+
.
Clause C (Fire Risk only)
=--= == -= == =+
==+ - -: ==
+== -- =--= =+
. Institute War Clauses (Cargo) == ==+ == ==- =: == + = =
.
Notice of Cancellation and
Automatic Termination Clause ==
==+-: ==
==-
=: == + = =
T.
Institute Strikes Clauses
(Cargo)
== ==+ == ==-
:-=, == -=+
=+- == + =
=
TT.
Institute War Cancellation
Clause (Cargo)
== ==+ == ==- =: == + = =
T.
Institute War Clauses ( Air
Cargo)
== -: == ==-
==+ == +== --
=--= =: == +
= =
T~.
Institute Strikes Clauses (Air
Cargo)
== -: == ==-
==+ == +== --
=--= :-=, ==
-=+ =+- == +
= =
T.
Strikes, Riots and Civil
Commotions Clause
== -= == =+
==+ - -: ==
+== -- =--=
:-=, == -=+
=+- == + =
=
T/. Institute Classification Clause == ==+ == ==- -
T-. Pre-despatch Survey Clause == ==
t-- ==+ +- == --
+ == =- +
25
+= +==+ =- ===+ ++ t-- == ++=-
T.
Extension of Cover Beyond
Seven Days Clause
==+ ==, =+-
==
-= == =+
==+ - -: ==
+== -- =--= ==+
== / =+- ==
==== +- =-
Duration of cover =:
=-- =
T.
Theft, Pilferage and Non-
delivery Clause
=+- == ==
TPND == + =
=
T. Non-delivery Clause =+- == == ND == + = =
. Water Damage Clause =+- == ==
Water Damage == +
= =
T. Institute Replacement Clause == ==
==+ ===-- ==-
+ =--=
.
Institute Replacement Clause
(Second Hand Machinery)
== ==
==+ ===-- Second
Hand Machinery +
=--=
~. Duty Insurance Clause == ==
==:= = -+
==- |+ =--=
. Quarantine Insurance Clause == ==
/.
Termination of Transit Clause
(Terrorissm)
==
==+-: ==
==-
:-=, == -=+
=+- == + =
=
=-==- +
-+ -= =+--+ + + == ===+-
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.
Risks Clause
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.
General Average
Clause
3 This insurance is extended to indemnify the Insured 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 ship
owners under the said Clause the Insured agree to notify the Insurers who shall
have the right, at their own cost and expense, to defend the Insured against such
claim.
Both to Blame
Collision Clause
EXCLUSIONS
4 In no case shall this insurance cover
4.1 loss damage or expense attributable to willful misconduct of the Insured
General
Exclusions
Clause
4.2 ordinary leakages, 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
26
4.3 packing shall be deemed to include stowage in a container or lift van
but only when such stowage is carried out prior to attachment of this
insurance or by the Insured 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 5.1 In no case shall this insurance cover loss damage or expense arising from
Unseaworthiness of vessel or craft,
unfitness of vessel craft conveyance container or lift van for the safe
carriage of the subject-matter insured,
Unseaworthiness and
Unfitness
Exclusion clause
where the Insured or their servants are privy to such Unseaworthiness or
unfitness, at the time the subject matter insured is loaded therein.
5.2 The Insurers waive any breach of the implied warranties of seaworthiness of
the ship and fitness of the ship to carry the subject-matter insured to
destination, unless the Insured or their servants are privy to such
Unseaworthiness or unfitness.
6 In no case shall this insurance cover loss damage or expense caused by
6.1 war civil war revolution rebellion insurrection, or civil strife arising there
from, or any hostile act by or against a belligerent power
War Exclusion
Clause
6.2 capture seizure arrest restraint or detainment (piracy excepted) , and the
consequences thereof or any attempt thereat
6.3 derelict mines torpedoes bombs or other derelict weapons of war.
7 In no case shall this insurance cover loss damage or expense
7.1 caused by strikes, locked-out workmen, or persons taking part in labor
disturbances, riots or civil commotions
Strikes Exclusion
Clause
7.2 resulting from strikes, lock-outs labor disturbances, riots or civil
commotions
7.3 Caused by any terrorist or any person acting from a political motive.
DURATION
8 8.1 This insurance attaches from the time the goods leave the warehouse or
place of storage at the place named herein for the commencement of the
transit, continues during the ordinary course of transit and terminates either
8.1.1 on delivery to the Consignees' or other final warehouse or place of storage
at the destination named herein,
Transit Clause
8.1.2 on delivery to any other warehouse or place of storage, whether prior to or
at the destination named herein, which the Insured elect to use either
8.1.2.1 for storage other than in the ordinary course of transit or
8.1.2.2 for allocation or distribution,
or
8.1.3 on the expiry of 60 days after completion of discharge over side of the
goods hereby insured from the oversea vessel at the final port of discharge,
whichever shall first occur.
8.2 If, after discharge over side from the oversea vessel at the final port of
discharge, but prior to termination of this insurance, the goods are to be
forwarded to a destination other than that to which they are insured
hereunder, this insurance, whilst remaining subject to termination as
provided for above, shall not extend beyond the commencement of transit to
such other destination.
8.3 This insurance shall remain in force (subject to termination as provided for
above and to the provisions of Clause 9 below) during delay beyond the
control of the Insured, any deviation, forced discharge, reshipment or
27
transshipment and during any variation of the adventure arising from the
exercise of a liberty granted to ship-owners or charterers under the contract
of affreightment.
9 If owing to circumstances beyond the control of the Insured either the contract of
carriage is terminated at a port or place other than the destination named therein
or the transit is otherwise terminated before delivery of the goods as provided for
in Clause 8 above, then this insurance shall also terminate unless prompt notice is
given to the Insurers and continuation of cover is requested when the insurance
shall remain in force, subject to an additional premium if required by the Insurers,
either
Termination of
Contract of
Carriage Clause
9.1 until the goods are sold and delivered at such port or place, or, unless
otherwise specially agreed, until the expiry of 60 days after arrival of the
goods hereby insured at such port or place, whichever shall first occur,
or
9.2 if the goods are forwarded within the said period of 60 days (or any agreed
extension thereof) to the destination named herein or to any other
destination, until terminated in accordance with the provisions of Clause 8
above.
10 Where, after attachment of this insurance, the destination is changed by the
Insured, held covered at a premium and on conditions to be arranged subject to
prompt notice being given to the Insurers.
Change of Voyage
Clause
CLAIMS
11 11.1 In order to recover under this insurance the Insured must have an insurable
interest in the subject-matter insured at the time of the loss.
11.2 Subject to 11.1 above, the Insured shall be entitled to recover for insured loss
occurring during the period covered by this insurance, notwithstanding that
the loss occurred before the contract of insurance was concluded, unless the
Insured were aware of the loss and the Insurers were not.
Insurable Interest
Clause
12 Where, as a result of the operation of a risk covered by this insurance, the insured
transit is terminated at a port or place other than that to which the subject-matter is
covered under this insurance, the Insurers will reimburse the Insured for any extra
charges properly and reasonably incurred in unloading storing and forwarding the
subject-matter to the destination to which it is insured hereunder.
This Clause 12, which does not apply to general average or salvage charges, shall
be subject to the exclusions contained in Clauses 4, 5, 6 and 7 above, and shall not
include charges arising from the fault negligence insolvency or financial default
of the Insured or their servants.
Forwarding Charges
Clause
13 No claim for Constructive Total Loss shall be recoverable hereunder unless the
subject-matter insured is reasonably abandoned either on account of its actual
total loss appearing to be unavoidable or because the cost of recovering,
reconditioning and forwarding the subject-matter to the destination to which it is
insured would exceed its value on arrival.
Constructive Total
Loss Clause
14 14.1 If any Increased Value insurance is effected by the Insured 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 Insured shall provide the Insurers with evidence of
the amounts insured under all other insurances.
Increased Value
Clause
14.2 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 Insured, and
liability under this insurance shall be in such proportion as the sum insured
herein bears to such total amount insured.
28
BENEFIT OF INSURANCE
15 This insurance shall not inure to the benefit of the carrier or other bailee.
Not to Inure Clause
MINIMISING LOSSES
16 It is the duty of the Insured and their servants and agents in respect of loss
recoverable hereunder
16.1 to take such measures as may be reasonable for the purpose of averting or
minimizing such loss,
Duty of Insured
Clause
and
16.2 to ensure that all rights against carriers, bailees or other third parties are
properly preserved and exercised
and the Insurers will, in addition to any loss recoverable hereunder, reimburse the
Insured for any charges properly and reasonably incurred in pursuance of these
duties.
17 Measures taken by the Insured or the Insurers with the object of saving,
protecting or recovering the Subject-matter insured shall not be considered as a
waiver or acceptance of abandonment or otherwise prejudice the rights of either
party.
Waiver Clause
AVOIDANCE OF DELAY
18 It is a condition of this insurance that the Insured shall act with reasonable
despatch in all circumstances within their control.
Reasonable Despatch
Clause
LAW AND PRACTICE
19 This insurance is subject to English law and practice.
English law and
practice Clause
Note: - It is necessary for the insured when they become aware of an event which is "held covered" under
this insurance to give prompt notice to the insurers and the right to such cover is dependent upon
compliance with this obligation.
Name:
Designation:
Office Seal: ........................................
=-==-
-+ -= =+--+ + == ===+-
INSTITUTE CARGO CLAUSES (B)
RISKS COVERED
1 This insurance covers, except as provided in Clauses 4, 5, 6 and 7 below,
Risks Clause
1.1 loss of or damage to the subject-matter insured reasonably attributable to
1.1.1 fire or explosion
1.1.2 vessel or craft being stranded grounded sunk or capsized
1.1.3 overturning or derailment of land conveyance
1.1.4 collision or contact of vessel craft or conveyance with any
external object other than water
1.1.5 discharge of cargo at a port of distress
1.1.6 earthquake volcanic eruption or lightning,
1.2 loss of or damage to the subject-matter insured caused by
1.2.1 general average sacrifice
1.2.2 jettison or washing overboard
1.2.3 entry of sea lake or river water into vessel craft hold conveyance
container liftman or place of storage,
29
1.3 total loss of any package lost overboard or dropped whilst loading on to,
or unloading from, vessel or craft.
General Average
Clause
in respect of a loss recoverable hereunder. In the event of any claim by ship-owners
under the said Clause the Insured agree to notify the Insurers who shall have the
right, at their own cost and expense, to defend the Insured against such claim.
Both to Blame
Collision Clause
EXCLUSIONS
4.2 ordinary leakage, ordinary loss in weight or volume, or ordinary wear
and tear of the subject-matter insured
General
Exclusions Clause
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 lift van but only when such stowage is carried out prior to
attachment of this insurance or by the Insured or their servants)
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 deliberate damage to or deliberate destruction of the subject-matter
insured or any part thereof by the wrongful act of any person or persons
Unseaworthiness
and Unfitness
Exclusion clause
5.2 The Insurers waive any breach of the implied warranties of seaworthiness
of the ship and fitness of the ship to carry the subject-matter insured to
War Exclusion
Clause
6.2 capture seizure arrest restraint or detainment, and the consequences
thereof or any attempt thereat
7.1 caused by strikes, locked-out workmen, or persons taking part in labour
Strikes Exclusion
Clause
7.2 resulting from strikes, lock-outs labor disturbances, riots or civil
commotions
7.3 caused by any terrorist or any person acting from a political motive.
DURATION
30
transit, continues during the ordinary course of transit and terminates
either
Transit Clause
8.1.1 on delivery to the Consignees or other final warehouse or place of storage at
the destination named herein,
8.1.2 on delivery to any other warehouse or place of storage, whether prior to or at
the destination named herein, which the Insured elect to use either
or
8.1.3 on the expiry of 60 days after completion of discharge over side of the goods
hereby insured from the oversea vessel at the final port of discharge,
provided for above, shall not extend beyond the commencement of transit
to such other destination.
8.3 This insurance shall remain in force (subject to termination as provided
for above and to the provisions of Clause 9 below) during delay beyond
the control of the Insured, any deviation, forced discharge, reshipment or
exercise of a liberty granted to ship-owners or charterers under the
contract of affreightment.
shall remain in force, subject to an additional premium if required by the
Insurers, either
Termination of
Contract of
Carriage Clause
or
9.2 if the goods are forwarded within the said period of 60 days (or any
agreed extension thereof) to the destination named herein or to any other
above.
Change of Voyage
Clause
CLAIMS
11 11.1 In order to recover under this insurance the Insured must have an
insurable interest in the subject-matter insured at the time of the loss.
Insurable Interest
Clause
11.2 Subject to 11.1 above, the Insured shall be entitled to recover for insured
loss occurring during the period covered by this insurance,
notwithstanding that the loss occurred before the contract of insurance
was concluded, unless the Insured were aware of the loss and the Insurers
were not.
Forwarding
Charges Clause
31
include charges arising from the fault negligence insolvency or financial default of
the Insured or their servants.
Constructive Total
Loss Clause
1414.1 If any Increased Value insurance is effected by the Insured on the cargo
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 Insured shall provide the Insurers with
evidence of the amounts insured under all other insurances.
Increased Value
Clause
apply:
insurances covering the loss and effected on the cargo by the Insured,
and liability under this insurance shall be in such proportion as the sum
insured herein bears to such total amount insured.
Not to Inure Clause
MINIMISING LOSSES
Duty of Insured
Clause
16.1 to take such measures as may be reasonable for the purpose of averting
or minimizing such loss,
and
Insured for any charges property and reasonably incurred in pursuance of these
duties.
protecting or recovering the subject-matter insured shall not be considered as a
party.
Waiver Clause
AVOIDANCE OF DELAY
Reasonable
Despatch Clause
LAW AND PRACTICE
English law and
practice.
NOTE: It is necessary for the Insured when they become aware of an event which is held covered under this
insurance to give prompt notice to the Insurers and the right to such cover is dependent upon compliance with
this obligation.
Name:
Designation:
Office Seal: ........................................
32
=-==- =
-+ -= =+--+ + = == ===+-
INSTITUTE CARGO CLAUSES (C)
RISKS COVERED
1 This insurance covers, except as provided in Clauses 4, 5, 6 and 7 below,
Risks Clause
1.1 loss of or damage to the subject-matter insured reasonably attributable to
1.1.1 fire or explosion
1.1.2 vessel or craft being stranded grounded sunk or capsized
1.1.3 overturning or derailment of land conveyance
1.1.4 collision or contact of vessel craft or conveyance with any external
object other than water
1.1.5 discharge of cargo at a port of distress
1.2 loss of or damage to the subject-matter insured caused by
1.2.1 general average sacrifice
1.2.2 jettison
General Average
Clause
in respect of a loss recoverable hereunder. In the event of any claim by ship-
owners under the said Clause the Insured agree to notify the Insurers who shall
have the right, at their own cost and expense, to defend the Insured against such
claim.
Both to Blame
Collision Clause
EXCLUSIONS
4.2 ordinary leakage, ordinary loss in weight or volume, or ordinary wear and
tear of the subject-matter insured
General
Exclusions Clause
matter insured
Clause 2 above)
4.7 deliberate damage to or deliberate destruction of the subject-matter insured
or any part thereof by the wrongful act of any person or persons
Unseaworthiness
and Unfitness
Exclusion clause
33
War Exclusion
Clause
6.2 capture seizure arrest restraint or detainment, and the consequences thereof
or any attempt thereat
Strikes Exclusion
Clause
7.2 resulting from strikes, lock-outs labour disturbances, riots or civil
commotions
DURATION
either
Transit Clause
8.1.1 on delivery to the Consignees' or other final warehouse or place of
storage at the destination named herein,
8.1.2 on delivery to any other warehouse or place of storage, whether prior
to or at the destination named herein, which the Insured elect to use
either
8.1.2.1 for storage other than in the ordinary course of transit, or
or
goods hereby insured from the oversea vessel at the final port of
discharge,
contract of affreightment.
carriage is terminated at a port or place other than the destination named therein or
the transit is otherwise terminated before delivery of the goods as provided for in
Clause 8 above, then this insurance shall also terminate unless prompt notice is
shall remain in force, subject to an additional premium if required by the Insurers,
either
Termination of
Contract of
Carriage Clause
or
9.2 if the goods are forwarded within the said period of 60 days (or any agreed
extension thereof) to the destination named herein or to any other
above.
34
Change of Voyage
Clause
CLAIMS
Insurable Interest
Clause
notwithstanding that the loss occurred before the contract of insurance was
concluded, unless the Insured were aware of the loss and the Insurers were
not.
include charges arising from the fault negligence insolvency or financial default of
the Insured or their servants.
Forwarding
Charges Clause
subject-matter insured is reasonably abandoned either on account of its actual total
loss appearing to be unavoidable or because the cost of recovering, reconditioning
and forwarding the subject-matter to the destination to which it is insured would
exceed its value on arrival.
Constructive Total
Loss Clause
1414.1 If any Increased Value insurance is effected by the Insured on the cargo
insured.
In the event of claim the Insured shall provide the Insurers with evidence
of the amounts insured under all other insurances.
Increased Value
Clause
apply:
liability under this insurance shall be in such proportion as the sum
Not to Inure Clause
MINIMISING LOSSES
Duty of Insured
Clause
16.1 to take such measures as may be reasonable for the purpose of averting
or minimizing such loss,
and
and the Insurers will, in addition to any loss recoverable hereunder, reimburse
the Insured for any charges property and reasonably incurred in pursuance of
these duties.
Waiver Clause
35
party.
AVOIDANCE OF DELAY
Reasonable
Despatch Clause
LAW AND PRACTICE
English law and
practice.
NOTE: It is necessary for the Insured when they become aware of an event which is held covered under
this insurance to give prompt notice to the Insurers and the right to such cover is dependent upon compliance
with this obligation.
Name:
Designation:
Office Seal: ........................................
=-==-
-+ -= =+--+ + == ===+-
INSTITUTE CARGO CLAUSES (AIR)
RISKS COVERED
1 This insurance covers all risks of loss of or damage to a subject matter insured
except as provided in Clauses 2,3 and 4 below.
Risks Clause
EXCLUSIONS
General
Exclusions
Clause
matter insured
2.5 loss damage or expense arising from unfitness of aircraft conveyance
container or lift van for the safe carriage of the subject-matter insured, where
the Insured or their servants are privy to such unfitness at the time the
subject matter insured is loaded therein.
be caused by a risk insured against
owners' managers' charterers or operators of the aircraft
War Exclusion
36
Clause
3.2 capture seizure arrest restraint or detainment( piracy excepted), and the
consequences thereof or any attempt thereat
Strikes Exclusion
Clause
commotions
DURATION
5 5.1 This insurance attaches from the time the subject-matter insured leaves the
warehouse premises or place of storage at the place named herein for the
commencement of the transit, continues during the ordinary course of transit
and terminates either
5.1.1 on delivery to the Consignees' or other final warehouse premises or place
of storage at the destination named herein,
Transit Clause
5.1.2 on delivery to any other warehouse premises or place of storage, whether
prior to or at the destination named herein, which the Insured elect to use
either
or
5.1.3 on the expiry of 30 days after unloading the subject-matter insured from
the aircraft at the final place of discharge,
5.2 If, after unloading from the aircraft at the final place of discharge, but prior
to termination of this insurance, the subject-matter insured is forwarded to a
destination other than that to which it is insured hereunder, this insurance,
whilst remaining subject to termination as provided for above, shall not
extend beyond the commencement of transit to such other destination.
5.3 This insurance shall remain in force (subject to termination as provided for
above and to the provisions of Clause 6 below) during delay beyond the
control of the Insured, any deviation, forced discharge, reshipment or
exercise of a liberty granted to the air carriers under the contract of carriage.
carriage is terminated at a place other than the destination named therein or the
transit is otherwise terminated before delivery of the subject-matter insured as
provided for in Clause 5 above, then this insurance shall also terminate unless
prompt notice is given to the Insurers and continuation of cover is requested when
the insurance shall remain in force, subject to an additional premium if required
by the Insurers, either
Termination of
Contract of
Carriage Clause
6.1 until the subject-matter is sold and delivered at such place, or, unless
subject-matter hereby insured at such place, whichever shall first occur,
or
6.2 if the subject-matter is forwarded within the said period of 30 days (or any
agreed extension thereof) to the destination named herein or to any other
above.
Change of Transit
Clause
CLAIMS
Insurable Interest
Clause
37
transit is terminated at a place other than that to which the subject-matter is
be subject to the exclusions contained in Clauses 2,3 and 4 above, and shall not
include charges arising from the fault negligence insolvency or financial default
of the Insured or their servants.
Forwarding Charges
Clause
Constructive Total
Loss Clause
11 11.1 If any Increased Value insurance is effected by the Insured on the cargo
insured.
Increased Value
Clause
apply:
liability under this insurance shall be in such proportion as the sum insured
herein bears to such total amount insured.
Not to Inure Clause
MINIMISING LOSSES
Duty of Insured
Clause
and
duties.
party.
Waiver Clause
AVOIDANCE OF DELAY
Reasonable Despatch
Clause
LAW AND PRACTICE
English law and
practice Clause
Note: - It is necessary for the insured when they become aware of an event which is "held covered" under
38
this insurance to give prompt notice to the insurers and the right to such cover is dependent upon
compliance with this obligation.
Name:
Designation:
Office Seal: ........................................
=-==- z
-+ -= =+--+ + z == ===+-
INLAND TRANSIT (RAIL OR ROAD) CLAUSE (A)
RISKS COVERED
1 This insurance covers all risks of loss or damage to subject matter insured
except as provided in Clauses 2, 3 and 4 below.
Risks Clause
EXCLUSIONS
General
Exclusions
Clause
matter insured
War Exclusion
Clause
3.3 derelict mines bombs or other derelict weapons of war.
Strikes Exclusion
Clause
commotions
DURATION
5 This insurance attaches from the time the goods leave the warehouse and/or the
store at the place named in the Policy for the commencement of the transit and
continues during the ordinary course of transit including customary transshipment
if any,
5.1 until delivery to the final warehouse at the destination named in the policy, or
Transit Clause
5.2 in respect of transits by rail only or rail and road, until expiry of seven days after
arrival of the railway wagon at the final destination railway station, or
39
5.1.3 in respect of transits by road only until expiry of 7 days after arrival of the vehicle
at the destination town named in the Policy
N.B.1 the period of seven days referred to above shall be reckoned from the
midnight of the day of arrival of railway wagon at the destination railway
station or vehicle at the destination town named in the Policy.
N.B.2 Transit by Rail only shall include incidental transit by Road performed by
Railway Authorities to or from Railway out-Agency.
CLAIMS
interest in the subject-matter insured at the time of loss.
Insurable Interest
Clause
7 This insurance shall not inure to the benefit of the carrier or other bailees.
Not to Inure Clause
MINIMISING LOSSES
Duty of Insured
Clause
and
properly preserved and exercised by lodging a monetary claim against
railway/road carriers /bailees within six months from the date of
railway/lorry receipt or as prescribed by the relevant statute
and the insurers will, in addition to any loss recoverable hereunder,
reimburse the insured for any charges properly and reasonably incurred in
pursuance of these duties.
9 Measures taken by the Insured or the Insurers with the object of saving, protecting
or recovering the subject-matter insured shall not be considered as a waiver or
acceptance of abandonment or otherwise prejudice the rights of either party.
Waiver Clause
AVOIDANCE OF DELAY
Reasonable Despatch
Clause
Name:
Designation:
Office Seal: ........................................
40
=-==- =
-+ -= =+--+ + = == ===+-
INLAND TRANSIT (RAIL OR ROAD) CLAUSE (B)
RISKS COVERED
1 This insurance covers, except as provided in Clauses 2,3 and 4 below the risks of
physical loss or damage to the insured goods caused by,
Risks Clause
a i fire
ii lightening
iii breakage of bridges
b i collision with or by the carrying vehicle
ii overturning of carrying vehicle
iii derailment or accidents of like nature to the carrying railway wagon/vehicle
EXCLUSIONS
General
Exclusions
Clause
matter insured
War Exclusion
Clause
3.3 derelict mines bombs or other derelict weapons of war.
Strikes Exclusion
Clause
commotions
4.4 deliberate damage to or deliberate destruction of the subject matter insured
or any part thereof by the wrongful act of any person or persons.
DURATION
5 This insurance attaches from the time the goods leave the warehouse and/or the
store at the place named in the Policy for the commencement of transit, continues
during the ordinary course of transit including customary transshipment if any,
5.1.1 until delivery to the final warehouse at the destination named on the policy, or
Transit Clause
5.1.2 in respect of transits by rail only or rail and road, until expiry of seven days after
arrival of the railway wagon at the final destination railway station, or
5.1.3 in respect of transits by road only until expiry of 7 days after arrival of the vehicle
at the destination town named in the Policy
N.B.1 the period of seven days referred to above shall be reckoned from midnight
of the day of arrival of railway wagon at the destination railway station or
vehicle at the destination town named in the Policy.
N.B.2 Transit by Rail only shall include incidental transit by Road performed by
Railway Authorities to or from Railway out-Agency.
41
CLAIMS
Insurable Interest
Clause
Not to Inure Clause
MINIMISING LOSSES
Duty of Insured
Clause
and
railway/road carriers / bailees within six months form the date of
and the insurers will, in addition to any loss recoverable hereunder,
reimburse the insured for any charges properly and reasonably incurred in
Waiver Clause
AVOIDANCE OF DELAY
Reasonable
Despatch Clause
Name:
Designation:
Office Seal: ........................................
42
=-==- c
-+ -= =+--+ + c == ===+-
INLAND TRANSIT (RAIL OR ROAD) CLAUSE (C)
(FIRE RISKS ONLY)
RISKS COVERED
1 This insurance covers, except as provided in clauses 2, 3 and 4 below,
risks of physical loss or damage to the insured goods caused by
(i) Fire
(ii) Lightening
Risks Clause
EXCLUSIONS
General
Exclusions
Clause
matter insured
War Exclusion
Clause
Strikes Exclusion
Clause
commotions
4.4 deliberate damage to or deliberate destruction of the subject matter insured
or any part thereof by the wrongful act of any person or persons.
DURATION
5 This insurance attaches with the loading of each bale or package into the
wagons/truck for the commencement of the transit, and continues during the
ordinary course of transit, including customary transshipments, if any, and ceases
immediately on the unloading of each bale or package
5.1 at the railway station at destination named in the Policy in respect of transit by
rail
Transit Clause
5.2 at the destination named in the Policy in respect of transit by road.
CLAIMS
Insurable Interest
Clause
Not to Inure Clause
MINIMISING LOSSES
43
Duty of Insured
Clause
and
railway/road carriers /bailees within six months from the date of
and the insurers will, in addition to any loss recoverable hereunder, reimburse
the Insured for any charges properly and reasonably incurred in pursuance of
these duties.
Waiver Clause
AVOIDANCE OF DELAY
Reasonable Despatch
Clause
Name:
Designation:
Office Seal: ........................................
=-==- =
-+ -= =+--+ - + + == ===+-
INSTITUTE WAR CLAUSES (CARGO)
RISKS COVERED
1 This insurance covers, except as provided in Clauses 3 and 4 below, loss of or
damage to the subject-matter insured caused by
Risks Clause
1.2 capture seizure arrest restraint or detainment, arising from risks covered
under 1.1 above, and the consequences thereof or any attempt thereat
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 a risk covered under these clauses.
General Average
Clause
EXCLUSIONS
General Exclusions
Clause
3.1 loss damage or expense attributable to willful misconduct of the Assured
44
attachment of this insurance or by the Assured or their servants)
matter insured
Clause 2 above)
3.7 any claim based upon loss of or frustration of the voyage or adventure
3.8 loss damage or expense arising from any hostile use of the any weapon of
war employing atomic or nuclear fission and/or fusion or other like
reaction or radioactive force or matter.
4
4.1 In no case shall this insurance cover loss damage or expense arising from
Unseaworthiness
and Unfitness
Exclusion clause
unfitness, at the time the subject-matter insured is loaded therein.
destination, unless the Assured or their servants are privy to such
DURATION
5
5.1 This insurance
Transit Clause
5.1.1 attaches only as the subject-matter insured and as to any part as that
part is loaded on an oversea vessel
and
5.1.2 terminates, subject to 5.2 and 5.3 below, either as the subject-matter
insured and as to any part as that part is discharged from an oversea
vessel at the final port or place of discharge,
or
on expiry of 15 days counting from midnight of the day of arrival of
the vessel at the final port or place of discharge,
whichever shall first occur;
nevertheless,
subject to prompt notice to the Insurers and to an additional premium,
such insurance ,
5.1.3 reattaches when, without having discharged the subject-matter insured
at the final port or place of discharge, the vessel sails there from
and
5.1.4 terminates, subject to 5.2 and 5.3 below, either as the subject-matter
insured and as to any part as that part is thereafter discharged from the
vessel at the final (or substituted) port or place of discharge,
or
on expiry of 15 days counting from midnight of the day of re-arrival
of the vessel at the final port or place of discharge or arrival of the
vessel at a substituted port or place of discharge,
5.2 If during the insured voyage the oversea vessel arrives at an intermediate
port or place to discharge the subject-matter insured for on-carriage by
oversea vessel or by aircraft, or the goods are discharged from the vessel
at a port or place of refuge, then, subject to 5.3 below and to an
additional premium if required, this insurance continues until the expiry
of 15 days counting from midnight of the day of arrival of the vessel at
45
such port or place, but thereafter reattaches as the subject-matter insured
and as to any part as that part is loaded on an on-carrying oversea vessel
or aircraft. During the period of 15 days the insurance remains in force
after discharge only whilst the subject-matter insured and as to any part
as that part is at such port or place. If the goods are on-carried within the
said period of 15 days or if the insurance reattaches as provided in this
Clause 5.2
5.2.1 where the on-carriage is by oversea vessel this insurance continues
subject to the terms of these clauses
or
5.2.2 where the on-carriage is by aircraft, the current Institute War Clauses
(Air Cargo) (excluding sending by Post) shall be deemed to form part
of this insurance and shall apply to the on-carriage by air.
5.3 If the voyage in the contract of carriage is terminated at a port or place
other than the destination agreed therein, such port or place shall be
deemed the final port of discharge and such insurance terminates in
accordance with 5.1.2. If the subject-matter insured is subsequently
reshipped to the original or any other destination, then provided notice is
given to the Insurers before the commencement of such further transit
and subject to an additional premium, such insurance reattaches
5.3.1 in the case of the subject-matter insured having been discharged, as
the subject-matter insured and as to any part as that part is loaded on
the on-carrying vessel for the voyage;
5.3.2 in the case of the subject-matter not having been discharged, when the
vessel sails from such deemed final part of discharge;
thereafter such insurance terminates in accordance with 5.1.4.
5.4 The insurance against the risks of mines and derelict torpedoes, floating
or submerged, is extended whilst the subject-matter insured or any part
thereof is on craft whilst in transit to or from the oversea vessel, but in no
case beyond the expiry of 60 days after discharge from the oversea vessel
unless otherwise specially agreed by the Insurers.
5.5 Subject to prompt notice to Insurers, and to an additional premium if
required, this insurance shall remain in force within the provisions of
these Clauses during any deviation, or any variation of the adventure
arising from the exercise of a liberty granted to ship-owners or charterers
under the contract of affreightment.
(For the purpose of Clause 5
arrival shall be deemed to mean that the vessel is anchored, moored or
otherwise secured at a berth or place within the Harbour Authority area. If such
a berth or place is not available, arrival is deemed to have occurred when the
vessel first anchors, moors or otherwise secures either at or off the intended
port or place of discharge
oversea vessel shall be deemed to mean a vessel carrying the subject-matter
from one port or place to another where such voyage involves a sea passage by
that vessel)
6
Where, after attachment of this insurance, the destination is changed by the
Assured, held covered at a premium and on conditions to be arranged subject
to prompt notice being given to the Insurers
Change of Voyage
Clause
7
Anything contained in this contract which is inconsistent with Clauses 3.7, 3.8
or 5 shall, to the extent of such inconsistency, be null and void.
CLAIMS
8
8.1 In order to recover under this insurance the Assured must have an
8.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured
was concluded, unless the Assured were aware of the loss and the
Insurers were not.
46
9
9.1 If any Increased Value insurance is effected by the Assured on the cargo
apply:
insurances covering the loss and effected on the cargo by the Assured, and
In the event of claim the Assured shall provide the Insurers with evidence
of the amounts insured under all other i
nsurances.
10
This insurance shall not inure to the benefit of the carrier or other bailee.
Not to Inure Clause
MINIMISING LOSSES
11
It is the duty of the Assured and their servants and agents in respect of loss
Duty of Insured
Clause
minimising such loss,
and
and the Insurers will, in addition to any loss recoverable hereunder,
reimburse the Assured for any charges properly and reasonably incurred
in pursuance of these duties.
12
Measures taken by the Assured or the Insurers with the object of saving,
waiver or acceptance of abandonment or otherwise prejudice the rights of
either party.
Waiver Clause
AVOIDANCE OF DELAY
13
It is a condition of this insurance that the Assured shall act with reasonable
Reasonable Despatch
Clause
LAW AND PRACTICE
14
This insurance is subject to English law and practice.
English law and
practice Clause
(NOTE: It is necessary for the Assured when they become aware of an event which is held covered
under this insurance to give prompt notice to the Insurers and the right to such cover is dependent upon
compliance with this obligation.)
Name:
Designation:
Office Seal: ........................................
47
=-==-
-+ -= =+--+ - + == ===+-
NOTICE OF CANCELLATION AND AUTOMATIC TERMINATION CLAUSE
This insurance may be cancelled by either the Underwriters or the Assured giving 48 hours notice (such
cancellation becoming effective on the expiry of 48 hours from midnight of the day on which notice of
cancellation is issued by or to the Underwriters). The Underwriters agree however to reinstate this insurance
subject to agreement between the Underwriters and the assured prior to the expiry of such notice of
cancellation as to the new rate of premium and/ or conditions and /or warranties.
Whether or not such notice of cancellation has been given this insurance shall TERMINATE
AUTOMATICALLY:
1 Upon the occurrence of any hostile detonation of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter, wheresoever or whensoever
such detonation may occur and whether or not the subject matter insured may be involved.
2 Upon the outbreak of war (whether there be a declaration of war or not) between any of the following
countries: United Kingdom, United States of America, France, the Russian Federation, the People's
Republic of China; in the event of the subject-matter insured or the named storage vessel being
requisitioned either for title or use.
In the event either of cancellation by notice or of automatic termination of this insurance by reason of
the operation of the above provisions a net returns of premium shall be payable to the Assured, pro rata
or as may be agreed.
Name:
Designation:
=-==- =
-+ -= =+--+ - + = == ===+-
INSTITUTE STRIKES CLAUSES (CARGO)
RISKS COVERED
1 This insurance covers, except as provided in Clauses 3 and 4 below, loss of or
Risks Clause
1.1 strikers, locked-out workmen, or persons taking part in labour
1.2 any terrorist or any person acting from a political motive.
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 a
risk covered under these clauses.
General Average
Clause
48
EXCLUSIONS
General Exclusions
Clause
matter insured
Clause 2 above)
3.7 loss damage or expense arising from the absence shortage or withholding
of labour of any description whatsoever resulting from any strike,
lockout, labour disturbance, riot or civil commotion
employing atomic or nuclear fission and/or fusion or other like reaction
or radioactive force or matter
3.10 loss damage or expense caused by war civil war revolution rebellion
insurrection, or civil strife arising there from, or any hostile act by or
against a belligerent power.
Unseaworthiness of vessel craft,
Unseaworthiness
and Unfitness
Exclusion clause
unfitness, at the time the subject-matter insured is loaded therein
DURATION
either
Transit Clause
5.1.1 on delivery to the Consignees' or other final warehouse or place of
storage at the destination named herein,
5.1.2 on delivery to any other warehouse or place of storage, whether prior
to or at the destination named herein, which the Insured elect to use
either.
or
goods hereby insured from the oversea vessel at the final port of
discharge,
49
contract of affreightment
shall remain in force, subject to an additional premium if required by the
Insurers, either,
Termination of
Contract of Carriage
Clause
goods hereby insured at such port or place, whichever shall first occur
6.2 if the goods are forwarded within the said period of 60 days (or any
agreed thereof) to the destination named herein or to any other
destination, until terminated in accordance with the provisions of Clause
5 above.
or
Change of Voyage
Clause
CLAIMS
Insurable Interest
Clause
was concluded, unless the Insured were aware of the loss and the Insurers
were not.
9 9.1 If any Increased Value Insurance is effected by the Insured on the cargo
Increased Value
Clause
apply:
Not to Inure
Clause
50
MINIMISING LOSSES
minimising such loss,
Duty of Insured
Clause
and
and the Insurers will in addition to any loss recoverable hereunder, reimburse the
duties.
party.
Waiver Clause
AVOIDANCE OF DELAY
Reasonable
Despatch Clause
LAW AND PRACTICE
English law and
practice Clause
with this obligation.
Name:
Designation:
Office Seal: ........................................
=-==- =
- + -= =+--+ - + == ===+-
INSTITUTE WAR CANCELLATION CLAUSE (CARGO)
The cover against war risks (as defined in the relevant Institute war clauses) may be canceled by either the
Insurers or the Insured except in respect of any insurance which shall have attached in accordance with the
conditions of the Institute War clauses before the cancellation becomes effective .Such cancellation shall
however only become effective on the expiry of 7 day from midnight of the day on which notice of
cancellation is issued by or to the insurers.
Name:
Designation:
Office Seal: ........................................
51
=-==- s
-+ -= =+--+ - + z == ===+-
INSTITUTE WAR CLAUSE ( AIR CARGO)
RISKS COVERED
1 This insurance covers, except as provided in Clause 2 below, loss of or damage to the
subject-matter insured caused by
Risks
Clause
1.1
war civil war revolution rebellion insurrection, or civil strife arising there
1.2
capture seizure arrest restraint or detainment, arising from risks covered under
1.1 above, and the consequences thereof or any attempt thereat
1.3
derelict mines torpedoes bombs or other derelict weapons of war.
EXCLUSIONS
2
In no case shall this insurance cover
2.1
loss damage or expense attributable to willful misconduct of the Assured
General
Exclusion
Clause
2.2
ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear
of the subject-matter insured
2.3
loss damage or expense caused by insufficiency or unsuitability of packing or
preparation of the subject matter insured (for the purpose of this Clause 2.3
packing shall be deemed to include stowage in a container or lift van but
only when such stowage is carried out prior to attachment of this insurance or
by the Assured or their servants)
2.4
loss damage or expense caused by inherent vice or nature of the subject-
matter insured
2.5
loss damage or expense arising from unfitness of aircraft conveyance
container or lift van for the safe carriage of the subject-matter insured, where
the Assured or their servants are privy to such unfitness at the time the
subject-matter insured is loaded therein
2.6
loss damage or expense proximately caused by delay, even though the delay
2.7
loss damage or expense arising from insolvency or financial default of the
owners managers charterers or operators of the aircraft
2.8
any claim based upon loss of or frustration of the voyage or adventure
2.9 loss damage or expense arising from any hostile use of any weapon of war
DURATION
3 3.1
This insurance
3.1.1
attaches only as the subject-matter insured and as to any part as that part is
loaded on the aircraft for the commencement of the air transit insured
Transit
Clause
and
3.1.2
terminates, subject to 3.2 and 3.3 below, either as the subject-matter insured
and as to any part as that part is discharged from the aircraft at the final place
of discharge
or
on expiry of 15 days counting from midnight of the day of arrival of the
aircraft at the final place of discharge, whichever shall first occur;
52
nevertheless,
subject to prompt notice to the Insurers and to an additional premium, such
insurance
3.1.3 reattaches when, without having discharged the subject-matter insured at the
final place of discharge, the aircraft departs there from,
and
3.1.4
terminates, subject to 3.2 and 3.3 below, either as the subject-matter insured
and as to any part as that part is thereafter discharged from the aircraft at a
substituted place of discharge,
3.2
If during the insured transit the aircraft arrives at an intermediate place to
discharge the subject-matter insured for on-carriage by aircraft or oversea
vessel, then, subject to 3.3 below and to an additional premium if required,
this insurance continues until the expiry of 15 days counting from midnight of
the day of arrival of the aircraft at such place, but thereafter reattaches as the
subject-matter insured and as to any part as that part is loaded on an on-
carrying aircraft or oversea vessel. During the period of 15 days the insurance
remains in force after discharge only whilst the subject-matter insured and as
to any part as that part is at such intermediate place. If the goods are on-
carried within the said period of 15 days or if the insurance reattaches as
provided in this Clause 3.2
3.2.1
where the on-carriage is by aircraft this insurance continues subject
to the terms of these clauses,
or
3.2.2 where the on-carriage is by oversea vessel, the current Institute
War Clauses (Cargo) shall be deemed to form part of this
insurance and shall apply to the on-carriage by sea.
3.3
If the air transit in the contract of carriage is terminated at a place other than
the destination agreed therein, that place shall be deemed to be the final place
of discharge and such insurance terminates in accordance with 3.1.2. If the
subject-matter insured is subsequently consigned to the original or any other
destination, then, provided notice is given to the Insurers before the
commencement of such further transit and subject to an additional premium,
such insurance reattaches
3.3.1
in the case of the subject-matter insured having been discharged, as
the subject-matter insured and as to any part as that part is loaded on
the on-carrying aircraft for the transit;
3.3.2
in the case of the subject-matter insured not having been discharged,
when the aircraft departs from such deemed final place of discharge;
thereafter such insurance terminates in accordance with 3.1.4.
3.4
Subject to prompt notice to Insurers, and to an additional premium if required,
this insurance shall remain in force within the provisions of these Clauses
during any deviation, or any variation of the adventure arising from the
exercise of a liberty granted to the air carrier under the contract of carriage.
(For the purpose of Clause 3
oversea vessel shall be deemed to mean a vessel carrying the subject-matter from
one port or place to another where such voyage involves a sea passage by that vessel)
4
Where, after attachment of this insurance, the destination is changed by the Assured,
held covered at a premium and on conditions to be arranged subject to prompt notice
being given to the Insurers.
Change of
Transit
Clause
5
Anything contained in this contract which is inconsistent with Clauses 2.8, 2.9 or
3 shall, to the extent of such inconsistency, be null and void.
CLAIMS
6 6.1
In order to recover under this insurance the Assured must have an insurable
Insurable
53
6.2
Subject to 6.1 above, the Assured shall be entitled to recover for insured loss
Assured were aware of the loss and the Insurers were not.
Interest
Clause
7 7.1
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 Insurers with evidence of the
amounts insured under all other insurances.
Increased
Value
Clause
7.2
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
In the event of claim the Assured shall provide the Insurers with evidence of
8
This insurance shall not inure to the benefit of the carrier or other bailee.
Not to Inure
Clause
MINIMISING LOSSES
9 It is the duty of the Assured and their servants and agents in respect of loss
9.1
to take such measures as may be reasonable for the purpose of averting or
and
Duty of
Assured
Clause
9.2
to ensure that all rights against carriers, bailees or other third parties are
Assured for any charges properly and reasonably incurred in pursuance of these duties.
10
Measures taken by the Assured or the Insurers with the object of saving, protecting or
recovering the subject-matter insured shall not be considered as a waiver or acceptance
of abandonment or otherwise prejudice the rights of either party.
Waiver
Clause
AVOIDANCE OF DELAY
11 It is a condition of this insurance that the Assured shall act with reasonable despatch in
all circumstances within their control.
Reasonable
Despatch
Clause
LAW AND PRACTICE
English
Law and
Practice
Clause
(NOTE: It is necessary for the Assured when they become aware of an event which is held covered
under this insurance to give prompt notice to the Insurers and the right to such cover is dependent upon
compliance with this obligation.)
Name:
Designation:
Office Seal: ........................................
54
=-==- :
-+ -= =+--+ - + = == ===+-
INSTITUTE STRIKES CLAUSES (AIR CARGO)
RISKS COVERED
1 This insurance covers, except as provided in Clause 2 below, loss of or
Risks Clause
1.1 strikers, locked-out workmen, or persons taking part in labor
1.2 any terrorist or any person acting from a political motive.
EXCLUSIONS
2.1 loss damage or expense attributable to willful misconduct of the
Insured
General
Exclusions
Clause
2.2 ordinary leakage, ordinary loss in weight or volume, or ordinary wear
and tear of the subject-matter insured
packing or preparation of the subject matter insured (for the purpose
of this Clause 2.3 packing shall be deemed to include stowage in a
container or lift van but only when such stowage is carried out prior
to attachment of this insurance or by the Insured or their servants)
2.4 loss damage or expense caused by inherent vice or nature of the
subject-matter insured
2.5 loss damage or expense arising from unfitness of aircraft conveyance
container or lift van for the safe carriage of the subject-matter insured,
where the Insured or their servants are privy to such unfitness at the
time the subject-matter insured is loaded therein
delay be caused by a risk insured against
2.7 loss damage or expense arising from insolvency or financial default
of the owners managers charterers or operators of the aircraft
2.8 loss damage or expense arising from the absence shortage or
withholding of labour of any description whatsoever resulting from
any strike, lockout, labour disturbance, riot or civil commotion
employing atomic or nuclear fission and/or fusion or other like
reaction or radioactive force or matter
2.11 loss damage or expense caused by war civil war revolution rebellion
insurrection, or civil strife arising there from, or any hostile act by or
against a belligerent power.
DURATION
3 3.1 This insurance attaches from the time the subject-matter insured
leaves the warehouse, premises or place of storage at the place named
herein for the commencement of the transit, continues during the
ordinary course of transit and terminates either
Transit
Clause
3.1.1 on delivery to the Consignees or other final warehouse, premises
or place of storage at the destination named herein
3.1.2 on delivery to any other warehouse, premises or place of storage,
whether prior to or at the destination named herein, which the
Insured elect to use either
3.1.2.2 for allocation or distribution
55
or
3.1.3
on the expiry of 30 days after unloading the subject-matter insured
from the aircraft at the final place of discharge,
Whichever shall first occur.
3.2 If, after unloading from the aircraft at the final place of discharge, but
prior to termination of this insurance, the subject-matter insured is
forwarded to a destination other than that to which it is insured
provided for above, shall not extend beyond the commencement of
transit to such other destination.
3.3 This insurance shall remain in force (subject to termination as
provided for above and to the provisions of Clause 4 below) during
delay beyond the control of the Insured, any deviation, forced
discharge, reshipment or transshipment and during any variation of
the adventure arising from the exercise of a liberty granted to the air
carriers under the contract of carriage
4 If owing to circumstances beyond the control of the Insured either the
contract of carriage is terminated at a place other than the destination named
therein or the transit is otherwise terminated before delivery of the subject-
matter insured as provided for in Clause 3 above, then this insurance shall
also terminate unless prompt notice is given to the Insurers and continuation
of cover is requested when the insurance shall remain in force, subject to an
additional premium if required by the Insurers, either
Termination
of Contract
of Carriage
Clause
4.1 until the subject-matter is sold and delivered at such place or, unless
otherwise specially agreed, until the expiry of 30 days after arrival of
the subject-matter hereby insured at such place, whichever shall first
occur,
or
4.2 if the subject-matter is forwarded within the said period of 30 days (or
any agreed extension thereof) to the destination named herein or to
any other destination, until terminated in accordance with the
provisions of Clause 3 above.
Insured, held covered at a premium and on conditions to be arranged
subject to prompt notice being given to the Insurers
Change of
Transit
Clause
CLAIMS
6.2 Subject to 6.1 above, the Insured shall be entitled to recover for
insured loss occurring during the period covered by this insurance,
notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Insured were aware of the loss
and the Insurers were not.
Insurable
Interest
Clause
7 7.1
If any Increased Value insurance is effected by the Insured 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
insurance shall be in such proportion as the sum insured herein bears
Increased
Value
Clause
56
to such total amount insured.
7.2 where this insurance is on Increased Value the following clause
shall apply:
insurances covering the loss and effected on the cargo by the Insured,
and liability under this insurance shall be in such proportion as the
sum insured herein bears to such total amount insured.
Not to
Insure
Clause
MINIMISING LOSSES
9
It is the duty of the Insured and their servants and agents in respect of loss
Duty of
Assured
Clause
9.1 to take such measures as may be reasonable for the purpose of
averting or minimizing such loss,
and
9.2 to ensure that all rights against carriers, bailees or other third parties
are properly preserved and exercised
and the Insurers will, in addition to any loss recoverable hereunder,
reimburse the Insured for any charges properly and reasonably incurred in
protecting or recovering the subject-matter insured shall not be considered as
a waiver or acceptance of abandonment or otherwise prejudice the rights of
either party
Waiver
Clause
AVOIDANCE OF DELAY
dispatch in all circumstances within their control.
Reasonable
Despatch
Clause
LAW AND PRACTICE
12 This insurance is subject to English law and practice
English law
and Practice
Clause
Authorized
Signatory
Name:
Designation:
Office Seal: ........................................
57
=-==- t
- + -= =+--+ - + c == ===+-
STRIKES RIOTS AND CIVIL COMMOTIONS CLAUSE
(Inland Transit not in conjunction with Ocean Going Voyage)
RISKS COVERED
1. This insurance covers, except as provided in Clause 2 below, loss of or damage to the subject-matter
insured caused by;
1.1 strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil
commotions ,
1.2 any terrorist or any person acting from a political motive, except as provided in clause 3 below,
1.3 malicious acts vandalism or sabotage.
EXCLUSIONS
2. In no case shall this insurance cover;
2.1 loss damage or expense caused by inherent vice or nature of the subject-matter insured,
2.2 loss damage or expense proximately caused by absence ,shortage or withholding of labour of any
description whatsoever during any strike ,lock-out ,labour disturbances ,riot or civil commotion,
2.3 any claim for expenses arising form delay or other consequential or indirect loss or damage of any
kind,
2.4 loss or damage caused by hostilities, warlike operations, civil war, or by revolution, rebellion
insurrection or civil strike arising there from .
DURATION
3. This insurance attaches and terminates simultaneously with the cover granted by the policy on the
goods for transit risks and is subject to all the terms, conditions and warranties of the said policy .
AVOIDANCE OF DELAY
4. It is a condition of this insurance that the Insured shall act with reasonable despatch in all circumstances
within their control.
Name:
Designation:
Office Seal: ........................................
=-==-
-+ -= =+--+ - + = == ===+-
INSTITUTE CLASSIFICATION CLAUSE
QUALIFYING VESSELS
1 This insurance and the marine transit rates as agreed in the policy or open cover apply only to cargoes
and/or interests carried by mechanically self-propelled vessels of steel construction classed with a
Classification Society which is:
1.1 a Member or Associate Member of the International Association of Classification Societies (IACS),
or
1.2 a National Flag Society as defined in Clause 4 below, but only where the vessel is engaged
exclusively in the coastal trading of that nation (including trading on an inter-island route within an
archipelago of which that nation forms part).
Cargoes and/or interests carried by vessels not classed as above must be notified promptly to underwriters
for rates and conditions to be agreed. Should a loss occur prior to such agreement being obtained cover may
58
be provided but only if cover would have been available at a reasonable commercial market rate on
reasonable commercial market terms.
AGE LIMITATION
2 Cargoes and/or interests carried by Qualifying Vessels (as defined above) which exceed the following
age limits will be insured on the policy or open cover conditions subject to an additional premium to be
agreed.
Bulk or combination carriers over 10 years of age or
other vessels over 15 years of age unless they:
2.1 have been used for the carriage of general cargo on an established and regular pattern of trading
between a range of specified ports, and do not exceed 25 years of age, or
2.2 were constructed as containerships, vehicle carriers or double-skin open hatch gantry crane vessels
(OHGCs) and have been continuously used as such on an established and regular pattern of trading
between a range of specified ports, and do not exceed 30 years of age.
CRAFT CLAUSE
3 The requirements of this Clause do not apply to any craft used to load or unload the vessel within the
port area.
NATIONAL FLAG SOCIETY
4 A National Flag Society is a Classification Society which is domiciled in the same country as the owner
of the vessel in question which must also operate under the flag of that country.
PROMPT NOTICE
5 Where this insurance requires the insured to give prompt notice to the Insurers, the right to cover is
dependent upon compliance with that obligation.
LAW AND PRACTICE
Name:
Designation:
Office Seal: ........................................
=-==- -
-+ -= =+--+ - + == ===+-
PRE-DESPATCH SURVEY CLAUSE
The clause shall paramount and shall override anything contained in this insurance inconsistent therewith.
It is hereby declared and agreed that the subject-matter insured under this policy should be surveyed before
loading into the carrying vehicle at ........................... at the cost of the Insured by the surveyors.
Name:
Designation:
Office Seal: ........................................
59
=-==-
-+ -= =+--+ - + = == ===+-
DURATION OF COVER EXTENTION CLAUSE
The cover provided under the policy notwithstanding anything contained herein to the contrary, is extended
to include a further period of ..........weeks whilst the goods are lying in the Railway/Road carrier's
premises or in Clearing and Forwarding Agents Warehouse or Bonded Warehouse or Port at the destination
beyond the period mentioned in the Policy.
Name:
Designation:
Office Seal: ........................................
=-==-
- + -= =+--+ - + = == ===+-
THEFT, PILFERAGE AND NON-DELIVERY CLAUSE
In consideration of an additional premium, it is hereby agreed that this insurance covers loss
of or damage to the subject matter insured caused by Theft or Pilferage, or by Non-delivery
of an entire package, subject always to the exclusions contained in this insurance
Name:
Designation:
Office Seal: ........................................
=-==- +
-+ -= =+--+ - + s == ===+-
NON-DELIVERY CLAUSE
of or damage to the subject matter insured caused by Non-delivery of an entire consignment ,
subject always to the exclusions contained in this insurance.
Name:
Designation:
Office Seal: ........................................
60
=-==- -
-+ -= =+--+ - + : == ===+-
WATER DAMAGE CLAUSE
of or damage to the subject matter insured caused by rain water, subject always to the
exclusions contained in this insurance.
Name:
Designation:
Office Seal: ........................................
=-==- +
-+ -= =+--+ - + t == ===+-
INSTITUTE REPLACEMENT CLAUSE
In the event of loss of or damage to any part or parts of an insured machine caused by a peril
covered by the Policy the sum recoverable shall not exceed the cost of replacement or repair
of such part or parts plus charges for forwarding and refitting, if incurred, but excluding duty
unless the full duty is included in the amount insured, in which case loss, if any, sustained by
payment of additional duty shall also be recoverable. Provided always that in no case shall
the liability of Insurers exceed the insured value of the complete machine.
Name:
Designation:
Office Seal: ........................................
=-==- +
-+ -= =+--+ - + == ===+-
REPLACEMENT CLAUSE (Second Hand Machinery)
This clause shall paramount and shall override anything contained in this insurance
inconsistent therewith.
In the event of loss of or damage to any part or parts of an insured machine caused by peril
covered by the policy, the insurer shall be liable only for the cost of repairing or replacing
such part or parts, subject to the condition that settlement of the claim will be made in the
same proportion which the insured value of the machine bears to the current market value of a
similar new machine.
Name:
Designation:
Office Seal: ........................................
61
=-==-=
-+ -= =+--+ - + - == ===+-
DUTY INSURANCE CLAUSE
This insurance is on "Increased Value" of cargo by reason of payment of Customs Duty at the border
customs or place of destination and is subject to the same clauses and conditions as the insurance on cargo
and to pay the same percentage of "Duty" payable (excluding charges and expenses) as may be paid thereon,
but excluding claims in respect of:
(b) Total Loss of whole or part of cargo prior to the "Duty" becoming payable.
(c) General Average, Salvage and/or Salvage Charges arising from any casualty occurring prior to
the "Duty" becoming payable.
In ascertaining the amount of the claim recoverable hereunder, credit shall be given for any rebates or
refund of "Duty" which may become allowable.
This insurance shall not be valid if effected after the arrival of the vessel/aircraft/conveyance at the
destination port/place.
Warranted that:
1. The Insured is the Consignee or is the actual user who has purchased goods from recognized Export
House/Channelising Agency.
2. This Policy is not assignable.
3. No claim shall be paid for "Duty" until the claim under the CIF Value Insurance is payable .
4. This is not a valued policy. Claims under this policy are payable on the basis of actual "Duty" paid or on
the basis of the related portion Sum Insured , whichever is less.
5. In the event of a claim under this Policy, immediate notice of loss shall be give to the Insurer and a
reasonable opportunity give to the Insurer to survey and assess the loss. The Insured shall co-operate
with the Insurer and take all reasonable measures to minimize or prevent a loss. The Insured shall also
lodge a claim with the Customs Authorities within the stipulated time for refund of duty where
admissible, and with the Carriers or others for recovery of the "Duty" paid in respect of such damaged or
lost cargo and any recovery relating to the "Duty" paid shall be credited to the Insurer.
Name:
Designation:
Office Seal: ........................................
=-==-
-+ -= =+--+ - + == ===+-
QUARANTINE CLAUSE
This clause shall paramount and shall override anything contained in this insurance inconsistent therewith.
It is agreed that this policy is warranted free from any claim for either;
1. loss, damage or expense due to quarantine or other similar regulations causing or resulting in seizure,
arrest, restraint, detainment, rejection or destruction, or
2.loss, damage or expense caused by the interest being infected with harmful bacteria or other similar
microorganisms unless such loss, damage or expense is attributable to contact of the interest with sea
water, rain or fresh water, or derangement or breakdown of the refrigerating plant (including
refrigerating machinery and insulation) or stoppage of the refrigerating machinery.
Name:
Designation:
Office Seal: ........................................
62
=-==- =
-+ -= =+--+ - + == ===+-
TERMINATION OF TRANSIT CLAUSE (TERRORISM)
This clause shall be paramount and shall override anything contained in this insurance, inconsistent
therewith.
1. Notwithstanding any provision to the contrary contained in this Policy or the causes referred to therein, it is
agreed that in so far as this Policy covers loss of or damage to the subject-matter insured caused by any
terrorist or any person acting from a political motive, such cover is conditional upon the subject matter
insured being in the ordinary course of transit and in any event, SHALL TERMINATE
Either.
1.1 As per the transit clauses contained within the Policy.
Or
1.2 on delivery to the consignee's or other final warehouse or place or storage at the destination named
herein,
1.3 on delivery to any other warehouse or place of storage, whether prior to or at the destination named
herein, which the Assured elect to use either for storage other than in the ordinary course of transit or
for allocation or distribution,
Or
1.4 In respect of marine transits, on the expiry of 60 days after completion of discharge overside of the
goods hereby insured from the oversea vessel at the final port of discharge,
1.5 In respect of air transits, on the expiry of 30 days after unloading the subject-matter insured from the
aircraft at the final place of discharge,
Whichever shall first occur.
2. If this policy or the clauses referred to therein specifically provide cover for inland or other further transits
following on from storage, or termination as provided for above,cover will re-attached, and continues
during the ordinary course of that transit terminating again in accorance with Clause 1.
Name:
Designation:
Office Seal: ........................................
63
=-==-
-+ - == ===+-
==+ === +== - =+- ==+ =
S.N Description
1 Cutting Clause :
Warranted that the damaged portion should be cutoff and the balance utilized.
2 Label Clause :
i) Warranted excluding damage to labels on tinned or bottled goods unless the goods
themselves are damaged at the same time.
ii) In the event of damage by perils insured against affecting labels and/or wrappers
and/or cartons, the Insurer shall not be liable for more than an amount sufficient to pay
the cost of new labels and/or wrappers and/or cartons and the cost of re-conditioning
the goods, but in no event shall the Insurer be liable for more than the insured value of
the damaged goods.
3 Pair and Set Clause :
It is hereby declared and agreed that in the event of loss of or damage to any article
forming part of a pair or set the insurer shall not be liable for more then the value of the
particular part or parts which may be lost or damaged without reference to any special
value which such part or parts may have as forming a pair or set but in any event not
exceeding a proportionate part of the sum insured in respect of the pair or set.
4 Garbling Clause :
Warranted that in the event of damage by perils insured against affecting the goods, the
damaged items should be separated and the balance utilized.
5 Picking Clause :
Warranted that in the event of damage by perils insured against affecting the goods
superficially, the damaged portion should be picked and the balance utilized.
6 Electrical/Mechanical derangement Clause :
It is hereby declared and agreed that this insurance does not cover Electrical and/or
Mechanical Derangement and loss of alignments unless forming part of general damage
caused by a peril covered by the policy.
7 Warranted excluding the blowing of tins
8 Warranted excluding natural loss in weight and/or trade shortage
9 Warranted excluding ordinary breakage of /chipping/denting/scratching of.....
=-==-
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- ===+ + -=+
ADDITIONAL SCHEDULE OF DECLARATION POLICY
Attached and forming part of Policy No................
Insured name ____________________________________________________________
1. It is a condition of this Declaration Policy that each and every consignment should be
declared by the Insured without exception, to the Insurer's Office
at.......................immediately after the issue of the Air/Freight/Railways/Lorry Receipt
and full particulars furnished as soon as practicable, otherwise no risk to attach
hereunder.
2. The Insurer shall have the privilege, at any time during business hours, to inspect the
records of the Insured in respect of sending coming within the terms of the declaration
Policy.
3. Sum Insured of this Policy is ..........but the amount declarable may not exceed the sum
of .......in respect of any one Vessel, Aircraft or Conveyance.
64
4. In case of loss/and or damage (before loading into the Aircraft in the case of Air
Freight sending) to the insured interest by a peril covered hereunder in any one locality,
the Insurer, notwithstanding anything to the contrary contained in this contract shall not
be liable in respect of any one accident or series of accidents arising out of the same
event for more than his proportion of an amount up to, but not exceeding the sum of
Rupees.........
It is hereby declared and agreed that this Declaration Policy shall remain in force for
twelve calendar months from the date hereof ..........(unless previously exhausted by
declaration or cancelled by notice) and is subject to cancellation at any time by either side
by giving seven days' notice in writing.
Name:
Designation:
Office Seal: ........................................
65
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+=
DECLARATION FORM
DECLARATION ON
INSURED
POLICY NO
POLICY SUM
INSURED
POLICY PERIOD
SUBJECT MATTER
PREVIOUS
BALANCE
DECLARED
AMOUNT
CLOSING BALANCE
MODE OF PACKING
VOYAGE/JOURNEY
CONVEYANCE
DATE OF
DEPATURE
B/L.NO./INVOICE
................................
...............................
......................................
.................................
................................
........................................
.......................................
........................................
...............................................
.................................
..............................
...............................
.....................................
.............................
DATE OFFICE STAMP SIGNATURE OF AUTHORISED
PERSON

Marine Insurance Tariff

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Marine Insurance Tariff

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