PICC P&C INSTITUTE WAR CLAUSES (COMMODITY TRADES)
Agreed with The Federation of Commodity Associations
risks covered
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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 |
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1.1 |
war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power |
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1.2 |
capture seizure arrest restraint or detainment, arising from risks covered under 1.1 above, and the consequences thereof or any attempt thereat |
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1.3 |
derelict mines torpedoes bombs or other derelict weapons of war. |
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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 |
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EXCLUSIONS
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3 |
In no case shall this insurance cover |
General Exclusions |
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3.1 |
loss damage or expense attributable to wilful misconduct of the Assured |
Clause |
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3.2 |
ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter insured |
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3.3 |
loss damage or expense caused by insufficiency or unsuitabili 范围
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