INSTITUTE CARGO CLAUSES (A)
RISKS COVERED
1. Risks Clause
The 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.
2. General Average Clause
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.
3. “Both to Blame Collision” Clause
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.
“For any insurance solutions, please contact Beacon Insurance Broker Pvt Ltd at https://www.beacon.co.in/
Insurance is a subject matter of solicitation
Popular as a safe and profitable way to increase your money, high-yield savings accounts (HYSAs)…
Adding greenery to your home is not just about enhancing aesthetics; it's also about improving…
If you live in a region with extreme temperatures, you know the struggle of entering…
By now, online therapy is a the core of mental health treatment rather than just…
Feel the cold air of Taiwan's winter as you step out of a warm pool.…
NG & Associates, a respected law firm with a rich heritage in providing robust legal…