Institute Yacht Clauses
(1/1/85)
Page 1 of 7
This insurance is subject
to English Law and Practice
1 VESSEL
Vessel means the hull,
Machinery, boat(s), gear and equipment, such as would normally
be sold with her if she
changed hands.
2 IN COMMISSION AND LAID UP
2.1 The Vessel is covered subject to the provisions of this insurance
2.1.1 While in commission at sea or on inland waters or in port, docks, marinas, on ways,
gridirons, pontoons, or on the hard or mud or at place of storage ashore including
lifting
or hauling out and
launching, with leave to sail or navigate with or without pilots, to go on
trial trips and to assist and tow vessels or crafts in distress, or as is customary, but it is
warranted that the
Vessel shall not be towed, except
as is customary or when in need
of
assistance, or undertake towage or salvage services under a contract previously
arranged by Owners,
Masters, Managers, or Charterers
2.1.2 While laid up out of commission as provided for in Clause 4 below, including lifting or
hauling out and launching, while being moved in shipyard or marina, dismantling, fitting
out, overhauling, normal
maintenance or while under survey, (also to include docking and
undocking and periods
laid up afloat incidental to laying up or
fitting out and with leave to
shift in tow or
otherwise to or from her lay-up berth but not outside the limits of the port or
place in which the vessel is laid up) but excluding, unless notice to be given to the
Underwriters and any additional premium required by them
agreed, any period for which
the Vessel is used as a
Houseboat or is under major repair or undergoing alteration.
2.2 Notwithstanding Clause 2.1 above the gear and equipment, including outboard motors,
are covered subject to the provisions of this insurance while in place of storage or repair
ashore.
3 NAVIGATING AND CHARTER HIRE WARRANTIES
3.1 Warranted not navigating outside the limits stated in the Schedule to the policy or,
provided previous notice to be given to the Underwriters, held covered on terms
