Daily Indiane
Agency News

MARINE INSURANCE

INSTITUTE CARGO CLAUSES (A)

RISKS COVERED

1. Risks Clause 

The 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. General Average Clause

This insurance covers general average and salvage charges, adjusted or determined according to the contract of affreightment and / or the governing law and practice, incurred to avoid or in connection with the avoidance of loss from any cause except those excluded in Clauses 4,5,6 and 7 or elsewhere in this insurance.

3. “Both to Blame Collision” Clause

This insurance is extended to indemnify the Assured against such proportion of liability under the contract of affreightment “Both to Blame Collision” Clause as is in respect of a loss recoverable hereunder. In the event of any claim by shipowners under the said Clause the Assured agree to notify the Underwriters who shall have the right, at their own cost and expense, to defend the Assured against such claim.

“For any insurance solutions, please contact Beacon Insurance Broker Pvt Ltd at https://www.beacon.co.in/ 

Insurance is a subject matter of solicitation

Related posts

CINÉPOLIS INDIA TO BE THE OFFICIAL ‘DISTRIBUTION PARTNER’ OF DADASAHEB PHALKE INTERNATIONAL FILM FESTIVAL AWARDS 2024

“Mere Yaar Ke Aage” song promises a melodic Reunion of Friendship’s Lost Pathways

BN Group celebrated 10th Foundation Day with important announcements and award distribution 

Young Talents Creating A New Age Fashion At Mini Models Runway Event 

Makoons Play School Emerges as India’s Fastest-Growing Preschool Chain, Setting New Standards in Early Education

Earneasy24: Empowering Users with Innovative IT Solutions