"Where the subject-matter insured commences the transit contemplated by this insurance (in accordance with Clause 8.1), but without the knowledge of the Assured or their employees the ship sails for another destination, this insurance will nevertheless be deemed to have attached at commencement of such transit." The new Clause 10.2 does more than neutralize section
ΓΕΝΙΚΕΣ ΑΡΧΕΣ – ΑΝΤΙΚΕΙΜΕΝΟ ΑΣΦΑΛΙΣΗΣ Ο Κλάδος Μεταφορών είναι ο πιο παλιός κλάδος όπου διαπιστώθηκε η πρώτη μορφή ασφάλισης σε κανόνες ασφαλιστικού κινδύνου και ο κλάδος που ασφαλίζει τις ζημιές ή απώλειες των μεταφερομένων εμπορευμάτων έναντι κινδύνων που πιθανόν θα συμβούν κατά τη διάρκεια μεταφοράς τους. Ασφαλίζονται όλα τα μεταφερόμενα εμπορεύματα, όπως μηχανήματα, ανταλλακτικά, πρώτες
Institute Bulk Oil Clauses 1983, and are appropriate for shipments of oils, crude, refined and vegetable. The first part of the Clause follows the same perils as those detailed in the corresponding section in the standard "B" clauses. However, whereas the standard clauses refer to loss or damage reasonably attributable to those perils, for
INSTITUTE CARGO CLAUSES CAUSATION The revised Institute Cargo Clauses have retained a number of different phrases for expressing the fundamental connection between the risk and the loss. These causation triggers include "caused by", "arising from", "resulting from", "attributable to" and "reasonably attributable to". In addition, the exclusion of loss damage or expense resulting from nuclear
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Clause 18. It is a condition of this insurance that the Assured shall act with reasonable dispatch in all circumstances within their control. It is here to be noted that this protection is automatically provided without requiring the assured to give notice to the Underwriters or to pay an additional premium. Nevertheless, attention is drawn
Distinction between the terms "short-delivery" and "non-delivery" is not purely academic because both risks are not always insured together. In fact, there is a special Institute Clause covering the risks of theft, pilferage and non-delivery, for use with the present marine policy form, which qualifies non-delivery as appertaining to an entire package, this being the
THE TRANSIT CLAUSE The insurance under the revised Institute Cargo Clauses covers the goods from the time they leave the shelf until completion of unloading. This period may be described, so far as necessary, as the insured "movement", which is to be distinguished from the insured "transit". The view taken in this book, on the
The general principle is that any special characteristic of the cargo is material if it will make it more difficult to assess the extent of the loss. Such disclosure may prompt the underwriter to restrict the offer of cover to insurance of named perils, confining the risk. If the cargo is of doubtful quality the
THE TRANSIT CLAUSE The insurance under the revised Institute Cargo Clauses covers the goods from the time they leave the shelf until completion of unloading. This period may be described, so far as necessary, as the insured "movement", which is to be distinguished from the insured "transit", that transit describes the period from when the
