INSTITUTE
WAR CLAUSES (CARGO) / (AIR CARGO)
This insurance covers specific
risks subject to the exclusions as listed in the
above clauses.
The insured risks are loss or damage to the subject matter insured caused by:
- War civil war revolution
rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against
belligerent power.
- Capture seizure arrest restraint
or detainment, arising from risks covered under the above and the consequences thereof or any
attempt thereat
- Derelict mines torpedoes bombs or
other derelict weapons of war
The main exclusions mentioned in
those clauses relate to loss damage or
expense caused cause by:
- Willful misconduct of the assured
- Ordinary leakage/loss in weight ,
ordinary wear and tear
- Insufficiency or unsuitability of
packing or preparation of the subject matter insured.
- Delay, even if the delay caused
by a risk insured against
- Insolvency or financial default
of the owners managers charterers or operators of the vessel
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