Monday, July 31, 2017

INCLUDING TRANSSHIPMENT FOR MARINE CARGO

INCLUDING TRANSSHIPMENT

It is hereby noted and agreed that the policy is extended to cover loss and/or damaged to cargo due to sudden and accidental and unforeseen risks happen during transshipment

INCLUDING LOADING AND UNLOADING FOR MARINECARGO

INCLUDING LOADING AND UNLOADING

It is hereby noted and agreed that the policy is extended to cover loss and/or damaged to cargo due to sudden and accidental and unforeseen risks happen during loading and unloading

REPLACEMENT CLAUSE SECOND-HAND MACHINERY FOR MARINE CARGO

REPLACEMENT CLAUSE SECOND-HAND MACHINERY
In the event of loss of or damage to any part or parts of the goods insured in
consequence of a risk covered by the policy, the amount recoverable hereunder shall not
exceed such proportion of the cost of replacement of the part lost or damaged as the
insured value bears to the value of new machinery, plus additional charges for
forwarding and re-fitting the new part or parts if incurred.

Waiver of Subrogation Clause For Marine Cargo

WAIVER SUBROGATION CLAUSES
In the event of claim arising under this policy it is agreed that the Company waives all rights, remedies or relief to which it might become entitled by subrogation against any of parties comprising the Insured herein.

ROAD RISKS CLAUSE FOR MARINE CARGO

ROAD RISKS CLAUSE

It is hereby noted and agreed that the policy is extended to cover loss and/or damaged to the unit during the cargo or unit movement by its own power with sub limit USD. ……

INSTITUTE MALICIOUS DAMAGE CLAUSE FOR MARINE CARGO

INSTITUTE MALICIOUS DAMAGE CLAUSE
In consideration of an additional premium, it is hereby agreed that the exclusion "deliberate damage to or
deliberate destruction of the subject-matter insured or any part thereof by the wrongful act of any person or
persons" is deemed to be deleted and further that this insurance covers loss of or damage to the subject-matter
insured caused by malicious acts vandalism or sabotage, subject always to the other exclusions contained in this
insurance.
1/8/82
CL266 © Copyright The Institute of London Underwriters

HIJACKING,ROBBERY AND PIRACY RISKS FOR MARINE CARGO

INCLUDING Hijacking, Robbery and Piracy Risks

It is hereby noted and agreed that the policy is extended to cover loss and/or damaged to cargo due to Hijacking, Robbery and Piracy RIsks