1/1/09
RISKS COVERED
Risks
INSTITUTE CARGO CLAUSES (A)
1. This insurance covers all risks of loss of or damage to the subject-matter insured except as excluded by the
provision s of Clauses 4, 5, 6 and 7 below.
General Average
2. This insurance covers general average and
salvage charges, adjusted or determined according to the contract
of carriage 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 below.
"Both to Blame
Collision Clause"
3. This insurance indemnifies the Assured, in
respect of any risk insured herein, against liability incurred under
any Both to Blame Collision Clause in the contract of carriage. In the event of any claim by carriers
under
the said Clause, the Assured agree to notify the Insurers who shall have the right, at their own cost and
expense, to defend the Assured against such
claim.
EXCLUSIONS
4. In no case shall this insurance cover
4.1 loss damage or expense
attributable to wilful misconduct of the Assured
4.2 ordinary leakage , 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 to withstand the ordinary incidents of the insured transit where such packing or
preparation is carried out by the Assured
or their employees or prior to the attachment of this insurance
(for the purpose of these Clauses "packing" shall be deemed to include stowage in a container and
"employees" shall not include
independent contractors)
4.4 loss damage or expense caused by
inherent vice or nature of the subject-matter insured
4.5 loss damage or expense 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 caused by
insolvency or financial default of the owners managers charterers or
operators of the vessel where, at the time of loading
