Institute Cargo Clauses (C)

Covers loss or damage to merchandise caused by:

• Fire or explosion.
• Vessel being stranded, grounded, sunk or capsizing.
• Overturning or derailment of land conveyance.
• Collision or contact of the vessel, or any other conveyance, with any external object other than water.
• Discharge of cargo at a distress port.
• General Average Sacrifice.
• Jettison.
• General Average Contribution and Salvage Charges.
• Both to Blame Collision Clause.

Institute Cargo Clauses (B)

All the risks of Clauses (C) are covered. Additionally, loss or damage to merchandise attributable to the following, is also covered:

• Earthquake, volcanic eruption or lightning.
• Entry of sea, lake or river water into the vessel, container, or place of storage.
• Washing overboard.

The insurance also covers TOTAL loss of the package, caused by:

• Escape from the vessel deck, or drop in the sea while being loaded on to, or being unloaded from, the vessel.

Institute Cargo Clauses (A)

Covers any accidental loss or damage to merchandise (All Risks) except those excluded.

EXEΜPTIONS TO THE GENERAL CARGO CLAUSES

• Loss or damage caused by the wilful misconduct of the insured.
• Ordinary leakage, ordinary losses in weight or volume or ordinary wear and tear.
• Loss or damage caused by the insufficient or unsuitable packing or preparation of the merchandise and its insufficient or unsuitable stacking in a container.
• Loss or damage caused by the inherent vice or nature of the merchandise themselves.
• Loss or damage caused by a delay even if the delay was caused by an insured risk.
• Loss or damage caused by the insolvency or financial default of the owners, managers, charterers or operators of the vessel.
• Loss or damage caused by radioactive or nuclear matter.
• Loss or damage arising from the unseaworthiness and unfitness of the vessel, other conveyance or container, but only where the insured or their employees were privy to such unseaworthiness and unfitness at the time of loading.
• Loss or damage arising from war, derelict mines, seizure etc.
• Loss or damage caused by strikers, terrorists or persons acting with a political motive etc.