Insurance Brokers & Consultants
RETURNED SHIPMENTS CLAUSE This Policy of insurance is extended to cover, at Policy terms and conditions, shipments of returned goods which have not been delivered to the final consignee and which have been continuously covered hereunder, provided such goods remain in their original approved overseas packing and the Assured warrants to report all such shipments […]
PROCESS CLAUSE – CARGO Whenever this insurance is extended to cover whilst the cargo kept in the storage, this insurance remains in full force whilst the subject matter insured is under any process but in no case shall extend to cover damage thereto solely caused by such process or resulting therefrom PROCESS CLAUSE – CARGO […]
Packing and Container Clause The Insurer will pay for loss of or damage to packing (including packaging materials, shipping containers, crates, pallets, or the like) while carried during an Insured transit caused by an insured event. Subject to a limit of $………… for any one loss or series of losses arising from the one insured […]
PACKING CLAUSE Sample – 1 Standard Packing Clause In case of loss of or damage to the goods hereby insured, the Underwriters shall not decline any claim by reason of insufficient PACKING of the goods, so long as such PACKING shall be admitted as appropriate for transportation by the Insured and/or all subsidiaries (including overseas […]
ON DECK CLAUSE Notwithstanding anything contained herein to the contrary, it is specially understood and agreed that in the event of the interest hereby insured or any part thereof being carried on deck, whether by the exercise of a liberty granted to ship-owners or charterers under the contract of affreightment or not, the conditions on […]
1/11/95 INSTITUTE WAR AND STRIKES CLAUSES Hulls – Time This insurance is subject to English law and practice 1 PERILS Subject always to the exclusions hereinafter referred to, this insurance covers loss of or damage to the Vessel caused by 1.1 war civil war revolution rebellion insurrection , or civil strife arising therefrom, or any […]
INTERPRETATION AND HEADINGS CLAUSE Where any word or expression has been given a specific meaning in any part of this Policy, such word or expression shall bear this meaning wherever it may appear unless such meaning is inapplicable to the context in which the word or expression appears. Where words other than the Insured or […]
INSTITUTE REPLACEMENT CLAUSE In the event of loss of or damage to any part or parts of an insured machine caused by a peril covered by the Policy the sum recoverable shall not exceed the cost of replacement of repair of such part or parts plus charges for forwarding and refitting, if incurred, but excluding […]
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 […]
INSTITUTE CYBER ATTACK EXCLUSION CLAUSE 1.1 Subject only to clause 1.2 below, in no case shall this insurance cover loss damage liability or expense directly or indirectly caused by or contributed to by or arising from the use or operation, as a means for inflicting harm, of any computer, computer system, computer software programme, malicious […]