India Viral News Now
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

Thrilling Cricket Match Among Friends: Box Cricketers vs. Box Cricketers II at SRK Keesara

Adryon Digital Media: Pioneering Northeast’s Digital Renaissance!

90s Token: Leading the Revolution in Digital Finance Industry

Defence Minister of India Shri Rajnath Singh reminds about ‘Vasudhaiva Kutumbakam’ at The CSR Journal Excellence Awards 2023 (6th Edition), Maharashtra Chief Minister Shri Eknath Shinde, Bollywood sup

Lokendra Saini joins AK Clinics, as Co-founder & CEO, India’s top chain of clinics for Hair & Skin Care

Elevating Maid Services in Delhi with Urmi Group’s Vision