Extra Expense clauses. Mike Roderick, Partner. 24 November 2010
|
|
- Chrystal Stewart
- 6 years ago
- Views:
Transcription
1 Extra Expense clauses Mike Roderick, Partner 24 November 2010
2 The starting point A typical marine cargo policy, underwritten on the terms of the Institute Cargo Clauses, is primarily concerned with physical loss or damage to the cargo, not financial losses or expenses What of financial loss or expense incurred in forwarding insured cargo to destination?
3 Clause 12 ICC(A) Forwarding Charges Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a port or place other than that to which the subject-matter insured is covered under this insurance, the Insurers will reimburse the Assured for any extra expenses properly and reasonably incurred in unloading storing and forwarding the subject-matter insured to the destination to which it is insured. This Clause 12, which does not apply to general average or salvage charges, shall be subject to the exclusions contained in Clauses 4,5,6 and 7 above, and shall not include charges arising from the fault negligence insolvency or financial default of the Assured or their employees
4 Extra expense wordings No standard wording No settled intent No case precedent Application of foreign law and jurisdiction
5 Extra expense wording Notwithstanding anything herein to the contrary.. To take effect as a paramount clause? To override Policy exclusions To override Policy limits of liability
6 Extra expense wording..this insurance is also to indemnify Additional head of engagement What financial limit? - Sub limit each and every loss - Annual aggregate limit - Insured value limit - Deductible - No limit and no deductible
7 Extra expense wording..in respect of all additional expenses directly or indirectly incurred by the Assured.. No limitation that properly or reasonably incurred - e.g. chartering an Antonov! No restriction to Policy period Meaning of indirectly?
8 Extra expense wording incurred as a result of an insured peril and/or due to any circumstances beyond the control of the Assured.. Link to insured peril removed Range of circumstances can be very wide
9 Extra expense wording in attempting to prosecute an intended voyage covered hereunder whether such attempt may ultimately prove successful or otherwise No requirement that insured voyage ever started or completed? - inability to reach loadport - inability to leave loadport
10 Extra expense wording..the vessel and/or conveyance being detained and/or otherwise delayed for any period and as a result of any reason whatsoever.. Link to insured peril removed Open ended delay Not limited to termination
11 Extra expense wording..arising from the Assured being unable to take delivery of or to deliver the subject matter insured in accordance with the terms and conditions of the Assured s sales and purchase contracts to include.loss of the Assured s market or sales price due to late arrival of the carrying conveyance.. Seasonal goods Buyer walks away Contractual penalties for late delivery
12 Reasons for delay (1) Port closures Terrorism 9/11 Port of New York Dirty bomb Political violence Strikes Marseille Obstructions Mumbai post MSC Chitra Congestion
13 Reasons for delay (2) Closure of canal or port approaches Other waterways - Draught restrictions - Mississippi flooding Airspace - Post 9/11 - Chernobyl - Ash clouds Road/rail - Floods/earthquake/landslide - Bridge or tunnel collapse
14 Reasons for delay (3) Rejection risks Salmonella Avian flu Vessel arrest By bunker supplier/mortgagee Customs arrest -drugs smuggling Insolvency of carrier
15 Conclusions An Extra Expense clause May operate even though no insured peril has occurred May not be limited to termination but may extend to cover interruption or delay May operate even if an excluded peril has occurred and caused delay May not be limited to expenses properly and reasonably incurred May not be subject to Policy limits of liability May cover loss of market/assured s sales price
16 Other issues Aggregation Other coverages Reinsurance
17 Extra Expense clauses Mike Roderick, Partner 24 November 2010
01/03/2017 INSTITUTE FROZEN/CHILLED FOOD CLAUSES (A) 24 HOURS BREAKDOWN. (suitable for food in a mechanically temperature-controlled environment)
01/03/2017 INSTITUTE FROZEN/CHILLED FOOD CLAUSES (A) 24 HOURS BREAKDOWN (suitable for food in a mechanically temperature-controlled environment) RISKS COVERED Risks 1. This insurance covers, except as
More informationSIMPLY CARGO. Your Institute Clauses
SIMPLY CARGO Your Institute Clauses 1/1/09 INSTITUTE CARGO CLAUSES (A) RISKS COVERED Risks 1. This insurance covers all risks of loss of or damage to the subject-matter insured except as excluded by the
More informationINSTITUTE CARGO CLAUSES (A) RISKS COVERED. 1. Risks
INSTITUTE CARGO CLAUSES (A) RISKS COVERED 1. Risks This insurance covers all risks of loss of or damage to the subject-matter insured except as excluded by the provisions of Clauses 4, 5, 6 and 7 below.
More informationINSTITUTE FOSFA TRADES CLAUSES (A) Agreed with The Federation of Oils, Seeds and Fats Associations
INSTITUTE FOSFA TRADES CLAUSES (A) Agreed with The Federation of Oils, Seeds and Fats Associations RISKS COVERED 1 This insurance covers all risks of loss of or damage to the subject-matter insured except
More informationMARINE POLICY IMPORTANT
MARINE POLICY For Consumer Insurance Contracts (Insurance wholly for purposes unrelated to the Insured s trade, business or profession) This Policy is issued in consideration of the payment of premium
More information1/1/09 INSTITUTE CARGO CLAUSES (AIR)
1/1/09 INSTITUTE CARGO CLAUSES (AIR) (excluding sendings by Post) RISKS COVERED Risks 1. This insurance covers all risks of loss of or damage to the subject-matter insured except as excluded by the provisions
More informationINSTITUTE FROZEN MEAT CLAUSES ( C )
INSTITUTE FROZEN MEAT CLAUSES ( C ) (not suitable for chilled, cooled or fresh meat ) RISKS COVERED Risks Clause 1. This insurance covers, except as provided in Clauses4, 5, 6 and 7 below, 1.1 loss of
More informationDELAY IN START UP INSURANCE (MARINE)
DELAY IN START UP INSURANCE (MARINE) (The terms and conditions including the wording provided are the proposed wordings and the final terms and conditions would be identical to those provided by the Reinsurer
More informationINSTITUTE FROZEN MEAT CLAUSES (C) AND 24 HOURS BREAKDOWN. (not suitable for chilled, cooled or fresh meat)
INSTITUTE FROZEN MEAT CLAUSES (C) AND 24 HOURS BREAKDOWN (not suitable for chilled, cooled or fresh meat) RISKS COVERED 1. This insurance covers, except as provided in s 4, 5, 6 and 7 below, Risks 1.1
More informationINSTITUTE CARGO CLAUSES (B)
These clauses are purely illustrative. Different policy conditions may be agreed. The specimen clauses are available to any interested person upon request. In particular: (a) in relation to any clause
More informationINSTITUTE CARGO CLAUSES (A)
1/1/82 INSTITUTE CARGO CLAUSES (A) RISKS COVERED 1. This 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. This insurance
More informationJoint Cargo Committee e-alert
From: Joint Cargo Committee To: Neil Smith Subject: Release of Commodity & FOSFA Clauses 01/06/2013 Date: 31 May 2013 08:27:16 Online version Opt-out of JCC e-alerts Joint Cargo Committee e-alert JC2013/010
More informationINSTITUTE NATURAL RUBBER CLAUSES. (excluding Liquid Latex) 1 This insurance covers, except as provided in Clauses 4, 5, 6 and 7 below, Risks Clause
INSTITUTE NATURAL RUBBER CLAUSES (excluding Liquid Latex) RISKS COVERED 1 This insurance covers, except as provided in s 4, 5, 6 and 7 below, Risks 1.1 loss of or damage to the subject-matter insured reasonably
More informationUNITED NATIONS CARGO INSURANCE, CARGO INSURANCE. Restricted Cover
Page 1 sur 8 UNITED NATIONS CARGO INSURANCE, CARGO INSURANCE Restricted Cover A. - COVERAGE 1 This insurance covers physical loss of or damage to the insured cargo caused by 1.1 vessel or craft being stranded,
More informationInstitute Marine Cargo Clauses, C
Institute Marine Cargo Clauses copy @ lexmercatoria.org Copyright 1982 Institute Marine Cargo Clauses SiSU lexmercatoria.org ii Contents Contents Institute Marine Cargo Clauses 1 C Clauses 1 RISKS COVERED
More informationMARINE CARGO INSURANCE. MAI MARINE v4
MARINE CARGO INSURANCE MAI MARINE v4 TABLE OF CONTENTS INSTITUTE CARGO CLAUSES (A) CL.382 1/1/2009 4 INSTITUTE STRIKES CLAUSES (CARGO) CL.386 1/1/2009 9 INSTITUTE WAR CLAUSES (CARGO) CL.385 1/1/2009 13
More informationAddendum Clauses referred to in Charterers Certificates of Entry or Endorsement Slips.
Addendum Clauses referred to in Charterers Certificates of Entry or Endorsement Slips. This Addendum contains full wordings of clauses which may be incorporated, where contractually agreed, in the terms
More informationAIG Insurance Company China Limited INSTITUTE CARGO CLAUSES (AIR) (Excluding Sendings by Post)
Note: Befe applying f this Policy, please read carefully the terms and conditions of this Policy, especially the exclusions highlighted in boldface. If you have any query, please contact our salespersons
More informationCARGO CLAUSE WORDINGS
CARGO CLAUSE WORDINGS Kay International Plc 9-13 Fenchurch Buildings London EC3M 5HR www.kayint.co.uk Tel: +44207 553 8100 Fax: +44207 553 8130 TABLE OF CONTENTS A. INSTITUTE CARGO CLAUSES A DATED 1/1/09
More information1/1/82 INSTITUTE CARGO CLAUSES (AIR) (excluding sendings by Post)
1/1/82 INSTITUTE CARGO CLAUSES (AIR) (excluding sendings by Post) RISKS COVERED 1. This insurance covers all risks of loss of damage to the subject-matter insured except as provided in s 2, 3 4 below.
More informationWar Risk Legal aspects
Slide 1 1758 Slide 2 WAR & PEACE Slide 3. I established that the occurrence of war or peace does not affect insurance and does not lead to any premium increase or decrease. PRINTED (STANDARD) FORMS Marseilles
More informationINSTITUTE WAR CLAUSES (CARGO) CL /1/2009 (TAVARANKULJETUSVAKUUTUSTURVAEHTO 385)
1 INSTITUTE WAR CLAUSES (CARGO) CL. 385 1/1/2009 (TAVARANKULJETUSVAKUUTUSTURVAEHTO 385) RISKS COVERED 1. Risks This insurance covers, except as excluded by the provisions of Clauses 3 and 4 below, loss
More informationINSTITUTE FOSFA TRADES CLAUSES (A) Agreed with The Federation of Oils, Seeds and Fats Associations Ltd
INSTITUTE FOSFA TRADES CLAUSES (A) Agreed with The Federation of Oils, Seeds and Fats Associations Ltd RISKS COVERED Risks 1. This insurance covers all risks of loss of damage to the subject-matter insured
More informationHDFC ERGO General Insurance Company Limited
2010 INLAND TRANSIT (RAIL/ROAD/AIR) CLAUSE A (ALL RISKS) RISKS COVERED RISK CLAUSE 1. This insurance covers all risks of loss or damage to the subject-matter insured except as excluded by the provisions
More informationRisks Clause. General Average Clause. Both to Blame Collision Clause. General Exclusions Clause. Unseaworthiness and Unfitness Exclusion Clause
INSTITUTE CARGO CLAUSES (A) 1 This insurance covers all risks of loss of damage to the subject matter insured except as excluded by the provisions of s 4, 5, 6 7 below. 2 This insurance covers general
More informationINSTITUTE STRIKES CLAUSES (FROZEN FOOD) (Excluding Frozen Meat)
Marine INSTITUTE STRIKES CLAUSES (FROZEN FOOD) (Excluding Frozen Meat) RISKS COVERED 1. This insurance covers, except as provided in s 3 and 4 below, loss of or damage to the subject-matter insured caused
More informationCHUBB INSURANCE COMPANY OF EUROPE SE
CHUBB INSURANCE COMPANY OF EUROPE SE 106 Fenchurch Street, London EC3M 5NB, England Telephone: +44 (0) 20 7956 5000 Facsimile: +44 (0) 20 7956 5900 Website: www.chubb.com/uk MARINE CARGO INSURANCE POLICY
More informationINSTITUTE STRIKES CLAUSES (FROZEN MEAT) (not suitable for chilled, cooled or fresh meat)
Marine INSTITUTE STRIKES CLAUSES (FROZEN MEAT) (not suitable for chilled, cooled or fresh meat) RISKS COVERED 1. This insurance covers, except as provided in s 3 and 4 below, loss of or damage to the subject-matter
More informationSingle Marine Cargo Insurance. Policy Wording
Single Marine Cargo Insurance Policy Wording Page 2 of 8 Schedule Contents About our Single Marine Cargo Insurance About Zurich... 2 How to apply for this insurance... 2 Our contract with you... 2 Your
More informationINSTITUTE WAR CLAUSES (AIR CARGO) (excluding sending by Post)
These clauses are purely illustrative. Different policy conditions may be agreed. The specimen clauses are available to any interested person upon request. In particular: (a) in relation to any clause
More informationARAB WAR RISKS INSURANCE SYNDICATE (AWRIS)
WAR OPEN COVER Between ARAB WAR RISKS INSURANCE SYNDICATE (AWRIS) Herein after called (The Syndicate) And xxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxx Herein after called (The Reinsured) ARTICLE 1 - INTEREST
More informationINSTITUTE STRIKES CLAUSES (COMMODITY TRADES) Agreed with The Federation of Commodity Associations
INSTITUTE STRIKES CLAUSES (COMMODITY TRADES) Agreed with The Federation of Commodity Associations RISKS COVERED 1 This insurance covers, except as provided in s 3 and 4 below, loss of or damage to the
More informationSPECIFICATION E.C.B MARINE CONSEQUENTIAL LOSS INSURANCE (DELAY IN START-UP)
SPECIFICATION (DELAY IN START-UP) RISKS COVERED 1. This insurance will indemnify the Insured in respect of their Gross Profit as defined herein ascertained in the manner hereinafter provided, during the
More informationVolcanic ash is it insurable?
Volcanic ash is it insurable? Airports Council International Insurance and Risk Management Conference Atlanta, Georgia 13 January 2011 Mark Meyer, London Partner (Head of Aviation and Space Group) e: MMeyer@eapdlaw.com
More informationMARINE AND AVIATION DEPARTMENT
MARINE POLICY- CARGO WHEREAS it has been proposed to AYALON INSURANCE COMPANY LTD. As per Schedule attached herewith: As well in their own name as for and in name and names of all and every other person
More informationINSTITUTE TIME CLAUSES - HULLS TOTAL LOSS, GENERAL AVERAGE AND 3/4THS COLLISION LIABILITY
1/10/83 (For Use Only with the New Marine Policy Form) INSTITUTE TIME CLAUSES - HULLS TOTAL LOSS, GENERAL AVERAGE AND 3/4THS COLLISION LIABILITY (Including Salvage, Salvage Charges and Sue and Labour)
More informationSouth China Insurance Institute Mortgagees Interest Wording (Amended 1/2/05)
South China Insurance Institute Mortgagees Interest Wording (Amended 1/2/05) 106.12.08(106)華產企字第335號函備查 Subject to the conditions of this wording, this policy shall indemnify the Insured Mortgagee for
More informationInsurance Terms No. 72
Effective 1 st April 2012 Insurance Terms No. 72 Copyright THE GRAIN AND FEED TRADE ASSOCIATION INSURANCE TERMS Insurance cover shall be provided in the proportions and manner agreed pursuant to the sale
More informationA Review of the Revisions to the Institute Cargo Clauses (A) Nick Gooding FCII. XL London Market Ltd. 19 th November 2008
A Review of the Revisions to the Institute Cargo Clauses (A) Nick Gooding FCII XL London Market Ltd 19 th November 2008 Changes Side Headings Packing & Preparation The Delay Exclusion The Insolvency Exclusion
More informationPORT QASIM AUTHORITY. Condition of Use for LNG CARRIERS
PORT QASIM AUTHORITY Condition of Use for LNG CARRIERS Dated 11 th April 2015 Annex 1 to Standard Operating Procedures for LNG Carriers in Port Qasim 1 CONDITIONS OF USE All facilities and assistance of
More informationWarranted not to abandon in case of capture, seizure or detention, until after condemnation of the property insured.
AMERICAN INSTITUTE HULL WAR RISKS AND STRIKES CLAUSES (INCLUDING AUTOMATIC TERMINATION AND CANCELLATION PROVISIONS) FOR ATTACHMENT TO AMERICAN INSTITUTE HULL CLAUSES December 1, 1977-14.1005/US/0409 This
More informationINSTITUTE WAR CLAUSES (CARGO)
INSTITUTE WAR CLAUSES (CARGO) RISKS COVERED 1. This insurance covers, except as provided in s 3 and 4 below, loss of damage to the subject-matter insured caused by Risks 1.1 war civil war revolution rebellion
More informationGRAND MANAN SCHEDULE CONDITIONS OF CARRIAGE COASTAL TRANSPORT
GRAND MANAN SCHEDULE and CONDITIONS OF CARRIAGE COASTAL TRANSPORT GRAND MANAAN SCHEDULE DEPARTING BLACKS HARBOUR Regular Schedule Daily* 09:30, 13:30, 17:30, 21:00 Additional Summer Crossings 07:30, 11:30,
More informationSingle Marine Cargo. Policy Wording
Single Marine Cargo Policy Wording Contents ZU10606 - V5 06/13 - CGEL-007553-2013 Welcome to Zurich About Zurich... 2 Duty of Disclosure... 2 Non-disclosure or Misrepresentation... 2 Our contract with
More informationStandard Trading Terms & Conditions of High Seas Maritime Agency Ltd.
Standard Trading Terms & Conditions of High Seas Maritime Agency Ltd. All transactions entered into between High Seas Maritime Agency Ltd. (hereinafter "High Seas") in connection with or arising out of
More informationINSTITUTE WAR CLAUSES (FOSFA TRADES) Agreed with The Federation of Oils, Seeds and Fats Associations
INSTITUTE WAR CLAUSES (FOSFA TRADES) Agreed with The Federation of Oils, Seeds Fats Associations RISKS COVERED 1 This insurance covers, except as provided in s 3 4 below, loss of damage to the subject-matter
More informationOcean Trade Line Pty Ltd (OTL)
STANDARD TERMS AND CONDITIONS OF CONTRACT These terms and conditions must be read having regard to the provisions of the Trade Practices Act to the extent that those provisions are applicable to consumers
More informationCargo Insurance, International clauses
Cargo Insurance, International clauses Tavarankuljetusvakuutus, kansainväliset ehdot Varuförsäkring, internationella villkor KU 07 Insurance terms and conditions valid as of 1 January 2018 330887e 11.17
More informationMandatory Club Clauses 2018
H&M Insurance Mandatory Club Clauses 2018 Marine Circular www.swedishclub.com A.1 Fleet Clause 2013-10-03 Enclosure 1 It is understood and agreed that this vessel forms part of the fleet [see Policy] entered
More informationConditions of Use for LNG CARRIERS
ANNEX FFF - CONDITIONS OF USE for LNG CARRIERS Conditions of Use for LNG CARRIERS Annex - FFF to ETKI LNG TERMINAL INFORMATION AND REGULATIONS for FSRU and LNGC 1 CONDITIONS OF USE All facilities and assistance
More informationDTV Cargo Insurance Conditions 2000 (DTV Cargo 2000)
DTV Cargo Insurance Conditions 2000 (DTV Cargo 2000) November 2000 Version All Risks 1. Interest / subject matter of the insurance 1.1 Insurable interest 1.1.1 The subject matter of the cargo insurance
More information1. Shipbroker THE BALTIC AND INTERNATIONAL MARITIME COUNCIL (BIMCO) STANDARD SLOT CHARTER PARTY CODE NAME: SLOTHIRE. Sample Copy
Copyright, published by The Baltic and International Maritime Council (BIMCO) Issued by The Documentary Committee of The Baltic and International Maritime Council (BIMCO), Copenhagen 1. Shipbroker THE
More informationCargo Insurance, International clauses
Cargo Insurance, International clauses Tavarankuljetusvakuutus, kansainväliset ehdot Varuförsäkring, internationella villkor KU 07 Insurance terms and conditions valid as of 1 January 2019 332353e 11.18
More informationHERPORT SINGAPORE PTE LTD. STANDARD TRADING CONDITIONS Effective 1/1/2015
HERPORT SINGAPORE PTE LTD. STANDARD TRADING CONDITIONS Effective 1/1/2015 1. In these Conditions, the following words have the following meanings: "Company" means HERPORT SINGAPORE PTE LTD. "Customer"
More informationAnnual Marine Cargo Insurance. Policy Wording
Annual Marine Cargo Insurance Policy Wording Page 2 of 40 Policy Schedule Contents Annual Marine Cargo Insurance About Zurich... 2 How to apply for this insurance... 2 Our contract with you... 2 Your policy
More informationMARINE HULL TAKAFUL CONTRACT
H. Orchid, 1 st Floor, Ameer Ahmed Magu, Male, Rep. of Maldives Phone: (960) 301 8000, Fax (960) 331 0300 Web site: www.ayady.mv, Email: info@ayady.mv MARINE HULL TAKAFUL CONTRACT 1/10/83 (FOR USE ONLY
More informationWESTPORT PETROLEUM, INC. TERMS AND CONDITIONS FOR BUNKER SALES
WESTPORT PETROLEUM, INC. TERMS AND CONDITIONS FOR BUNKER SALES This is a statement of the terms and conditions applicable to and incorporated into all contracts to sell Marine Fuels entered into by (hereinafter
More informationINSTITUTE TIME CLAUSES - HULLS TOTAL LOSS, GENERAL AVERAGE AND 3/4THS COLLISION LIABILITY
1/11/95 These clauses are purely illustrative. Different policy conditions may be agreed. The specimen clauses are available to any interested person upon request. In particular: (a) in relation to any
More informationWho Is An Insured 2. Coverage 2. Extension Of Coverage 2. Exclusions 3. Duration Of Insurance 4. Limits Of Insurance 5. Loss Payment Basis 5
Contract Table Of Contents Section Page No. Who Is An Insured 2 Coverage 2 Extension Of Coverage 2 Exclusions 3 Duration Of Insurance 4 O C E A N C A R G O C O N T R A C T Limits Of Insurance 5 Loss Payment
More informationComparative Essay about War Risks and Strikes
Earlier Developments Comparative Essay about War Risks and Strikes War Risks: By Shen Meilin & Zhao Fangxin In England, the SG Policy did provide for war risks. Then, it could be excluded by the FC and
More informationGENERAL TERMS AND CONDITIONS FOR SELLING AND DE- LIVERING OF MARINE BUNKER FUELS
GENERAL TERMS AND CONDITIONS FOR SELLING AND DE- LIVERING OF MARINE BUNKER FUELS July 2018 Page 1 of 10 1 Definitions 1.1 In these general terms and conditions the following terms shall have following
More informationINSTITUTE TIME CLAUSES HULLS This insurance is subject to English law and practice
INSTITUTE TIME CLAUSES HULLS This insurance is subject to English law and practice 1. NAVIGATION 1.1 The vessel is covered subject to the provisions of this insurance at all times and has leave to sail
More informationWorth WorldWide Logistics, Pvt. Ltd.
Worth WorldWide Logistics, Pvt. Ltd. STANDARD TRADING CONDITIONS CONDITIONS PART I: GENERAL CONDITIONS Application 1. (A) Subject to sub-clause below, all services of the Company whether gratuitous or
More informationANNEXURE "A" CONDITIONS OF CARRIAGE OF GOODS BY ROAD
ANNEXURE "A" CONDITIONS OF CARRIAGE OF GOODS BY ROAD In these Conditions of Carriage of Goods by Road the following words shall bear the meanings assigned to them below: - the Agreement means the agreement
More informationGeneral Average - an introduction
General Average - an introduction This guest post about General Average is written by Alexander Robertson from Robertson's Cargo Consultancy (Pty.) Limited GENERAL AVERAGE In the marine insurance industry
More informationYOU-TRADING COMPANY FZE General Conditions for the Delivery of Bunker Oil from JANUARY 2011
YOU-TRADING COMPANY FZE General Conditions for the Delivery of Bunker Oil from JANUARY 2011 UNIT No. 26, BLOCK C, AL QASBA, AL TAAWUN ROAD, SHARJAH, UAE Telephone: +971 6 5195 439 Fax: +971 6 5195 440
More informationMarine Cargo Open Policy
Please read this Open Policy carefully upon receipt and promptly request for any necessary amendments Marine Cargo Open Policy Policy Number : Insured : Period : 10-14-GO00XXXX ABC Trading Co., Ltd. From
More informationNew Institute Cargo Clauses (From Technical Point of View)
New Institute Cargo Clauses (From Technical Point of View) 10th May 2011 Daniel Morrison Underwriting Manager Marine Middle East rechter Rand right margin marge droite margine destra Agenda Background
More informationZurich Insurance. Zurich marine insurance solutions
Zurich Insurance Zurich marine insurance solutions General Average Overview Part 3 Eric Nicholls Director Nicholls Insurance Consulting October 2013 Zurich Insurance General Average - Overview PRESENTATION
More informationNon-binding Recommendations of the German Insurance Association (GDV) for Facultative Use. Other conditions may be agreed.
Non-binding Recommendations of the German Insurance Association (GDV) for Facultative Use. Other conditions may be agreed. DTV Cargo Insurance Conditions 2000/2008 (DTV Cargo 2000/2008) Limited Cover Sample
More informationDTV Cargo Insurance Conditions 2000/2011. (DTV Cargo 2000/2011) All Risks. Sample terms and conditions of the GDV.
Non-binding Recommendations of the German Insurance Association (GDV) for Facultative Use. Other conditions may be agreed. In case of deviations, only the German wording shall be binding and prevail. DTV
More informationSubject: Trade that may expose Assureds, Underwriters or Managers to Sanctions against Iran-Circular to Assureds (no )
Subject: Trade that may expose Assureds, Underwriters or Managers to Sanctions against Iran-Circular to Assureds (no 003 2016) Background: Following the easing of sanctions by the UN, US and EU earlier
More informationStandard Trading Conditions - Gebruder Weiss Hong Kong Limited
Standard Trading Conditions - Gebruder Weiss Hong Kong Limited 1. In these Conditions, the following words have the following meanings: "Company" means GEBRUDER WEISS HONG KONG LIMITED. "Customer" means
More informationDIRECT LOGISTICS India Pvt Ltd
DIRECT LOGISTICS India Pvt Ltd Company's Standard Trading Conditions TERMS & CONDITIONS Due to the length of these conditions, it is unlikely that they will be able to be printed on one side of paper and,
More information1. Date and Place of Agreement: DAILY HIRE AGREEMENT S A L V H I R E
1. Date and Place of Agreement: DAILY HIRE AGREEMENT S A L V H I R E 2 0 0 5 P A R T I 2. Hirer; Place of Business: 3. Owner; Place of Business: (Part II - Clause 1.3) 4. Detail and Specification of Vessel
More informationAppendix A CANFOR PULP LTD. GENERAL TERMS AND CONDITIONS OF SALE FOR PULP
Appendix A CANFOR PULP LTD. GENERAL TERMS AND CONDITIONS OF SALE FOR PULP 1. GENERAL The following terms and conditions shall apply to sales agreements unless otherwise specified in the agreement and agreed
More informationDTV Cargo Insurance Conditions 2000 (DTV Cargo 2000)
DTV Cargo Insurance Conditions 2000 (DTV Cargo 2000) November 2000 Version Limited Cover 1. Interest / subject matter of the insurance 1.1 Insurable interest 1.1.1 The subject matter of the cargo insurance
More informationGENERAL TERMS AND CONDITONS of Afvalstoffen Terminal Moerdijk B.V.
October 2016 GENERAL TERMS AND CONDITONS of Afvalstoffen Terminal Moerdijk B.V. Article 1 Applicability of General Terms and Conditions 1 These General Terms and Conditions are applied by Afvalstoffen
More informationCargoAdvantage Single Transit Insurance
CargoAdvantage Single Transit Insurance Policy Wording Insured Organisation: As per Marine policy Period: As per Marine policy Content Important Notices... 3 Rights of Third Parties... 3 Duty of Disclosure...
More informationINSTITUTE TIME CLAUSES HULLS PORT RISKS 20/7/87. This insurance is subject to English law and practice
INSTITUTE TIME CLAUSES HULLS PORT RISKS 20/7/87 This insurance is subject to English law and practice 1. NAVIGATION The Vessel has leave to proceed to and from any wet or dry docks harbours ways cradles
More informationTyco Electronics Singapore Pte. Ltd. ( the Company ) Standard Terms and Conditions of Sale
Tyco Electronics Singapore Pte. Ltd. ( the Company ) Standard Terms and Conditions of Sale Definition Where the context permits: Contract means the contract for the sale and purchase of the Goods as provided
More informationPRIORITY CARGO AUSTRALIA PTY LTD (ABN ) TERMS AND CONDITIONS
PRIORITY CARGO AUSTRALIA PTY LTD (ABN 11 124 701 739) TERMS AND CONDITIONS These terms and conditions must be read having regard to the provisions of the Competition and Consumer Act 2010 ( the Act ) to
More informationFREIGHT FORWARDERS LIABILITY INSURANCE FEATURES AND BENEFITS NEW ZEALAND MARKET
FREIGHT FORWARDERS LIABILITY INSURANCE FEATURES AND BENEFITS NEW ZEALAND MARKET AM&T is a leading specialist in marine and transit insurance. The team at AM&T are the trusted experts in New Zealand and
More informationINSTITUTE TIME CLAUSES HULLS PORT RISKS
*20/7/87 INSTITUTE TIME CLAUSES HULLS PORT RISKS This insurance is subject to Australian law and practice 1 NAVIGATION The Vessel has leave to proceed to and from any wet or dry docks harbours ways cradles
More informationSpecialist UK Cargo Insurance Policy Key facts
Specialist UK Cargo Insurance Policy Key facts DEMANDS AND NEEDS You require insurance to cover loss and damage to your Goods for the Voyages/Transit and on the Conveyances and this Policy fulfils your
More informationCargoAdvantage Single Transit Insurance Policy. Insured Organisation: As per Marine policy Period: As per Marine policy
CargoAdvantage Single Transit Insurance Policy Insured Organisation: As per Marine policy Period: As per Marine policy Contents Important Notices... 3 Duty of Disclosure... 3 Rights of Third Parties...
More informationTERMS OF SALE. or, if no date is specified, 14 Working Days after the date of the written quotation (unless extended by NZ Steel in writing).
New Zealand Steel s Terms of Sale set out below ( Terms ) are the terms applying to all sales of New Zealand Steel products in New Zealand. Effective as at 1 July 2016 1 APPLICATION 1.1 These Terms shall
More informationCHARTERERS COMPREHENSIVE COVER
CHARTERERS COMPREHENSIVE COVER Charterers operate in an ever-increasing litigious environment where the liability exposure has become more burdensome. The scope and structure of our Charterers Comprehensive
More informationAllianz Insurance plc. Complete Cargo. Policy Details (including Policy Summary pages 1-5)
Allianz Insurance plc Complete Cargo Policy Details (including Policy Summary pages 1-5) Complete Business Policy Details Policy Summary This is a Policy Summary only and does not contain full terms and
More informationOpen Cargo insurance policy
Open Cargo Open Cargo insurance policy registered in England & Wales number 1112892 with registered office at 100 Leadenhall Street, London EC3A 3BP. Authorised by the Prudential Regulation Authority and
More informationContents Important Notices... 3 Policy Wording... 4 Section 1: Standard Cover 4 Section 2: Special Conditions 5 Section 3: General Conditions & Claims
CargoAdvantage Single Transit Insurance Policy Insured Organisation: As per Marine policy from Chubb Cargo Plus Period: As per Marine policy Contents Important Notices... 3 Policy Wording... 4 Section
More informationInstitute exclusion clause Radioactive contamination, Chemical, Biological, Biochemical and Electromagnetic weapons exclusion clause (10/11/03).
LIVESTOCK CLAUSE N 1 This policy covers risk of death mtality from any cause arising (except resulting from being in a parturient condition), including destruction in the interest of humanity when suffering
More informationDTV-Cargo Insurance Conditions 2000/2008 (DTV-Cargo 2000/2008) All Risks
DTV-Cargo Insurance Conditions 2000/2008 (DTV-Cargo 2000/2008) All Risks 1 Interest / subject matter of the insurance 1.1 Insurable interest 1.1.1 The subject matter of the cargo insurance can be any monetary
More informationNo.9, Vanak Ave Tehran, IRAN Tel: ( ) Fax: ( )
1/11/95 (FOR USE ONLY WITH THE CURRENT MAR POLICY FORM) INSTITUTE TIME CLAUSES HULLS TOTAL LOSS ONLY (289) (Including Salvage, Salvage Charges and Sue and Labor) This insurance is subject to Iranian law
More informationAKRON TRADE AND TRANSPORT
AKRON TRADE AND TRANSPORT GENERAL TERMS AND CONDITIONS FOR SALE OF MARINE FUELS 1. DEFINITIONS: In this Agreement (as hereinafter defined) the following terms shall have the following meanings unless the
More informationContents. Rules for Charterers' Insurance Articles of Association
Contents Rules for Charterers' Insurance Articles of Association Printed by PR-Offset AB, Gothenburg, Sweden Published February 2018 1802PR500B The Swedish Club 2 Rules for Charterers' Insurance Chapter
More informationProtection & Indemnity Insurance 2010/2011 Part 2 - final
P&I 2493/2010 9 February 2010 Protection & Indemnity Insurance 2010/2011 Part 2 - final This is the second circular letter in respect of 2010/2011 policy year including updated information. The information
More information1/1/86 INSTITUTE FROZEN FOOD CLAUSES (A) (Excluding Frozen Meat)
1/1/86 INSTITUTE FROZEN FOOD CLAUSES (A) (Excluding Frozen Meat) RISKS COVERED 1. This insurance covers, except as provided in s 4, 5, 6 and 7 below. 1.1 all risks of loss of damage to the subject-matter
More informationAIRCRAFT CHARTER AGREEMENT
AIRCRAFT CHARTER AGREEMENT This Agreement is entered into between: 1. XXX, having its principal place of business at XXX (Address) (hereinafter referred to as XXX ); and 2. Singapore Airlines Cargo Pte
More information