INSTITUTE COMMODITY TRADES CLAUSES (A)
Agreed with The Federation of Commodity Associations
for the insurance of shipments of
Cocoa, Coffee, Cotton, Fats and Oils not in bulk,
Hides, Skins and Leather, Metals, Oil Seeds, Sugar (Raw or Refined), and Tea
|
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 Assured 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 shipowners under the said Clause the Assured agree to notify the Underwriters who shall have the right, at their own cost and expense, to defend the Assured against such claim. |
"Both to Blame Collision" Clause |
|||||
|
EXCLUSIONS |
|
|||||
|
4. In no case shall this insurance cover |
General |
|||||
|
4.1 loss
damage or expense attributable to wilful misconduct of the Assured |
Exclusions Clause |
|||||
|
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 (for the purpose of this Clause 4.3 "packing" shall be deemed to include stowage in a container or liftvan but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants) |
|
|||||
|
4.4 loss damage or expense caused by inherent vice or nature of the subject-matter insured 范围
暂无说明
同类产品推荐
全站导航
| ||||||
