PICC P&C

INSTITUTE WAR CANCELLATION CLAUSE (CARGO)

(FOR USE ONLY WITH THE NEW MARINE POLICY FORM)

The cover against war risks (as defined in the relevant Institute War Clauses) may be cancelled by either the Underwriters or the Assured 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 days from midnight of the day on which notice of the cancellation is issued by or to the Underwriters.