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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