covers the risk that do not Insurance Policy over

relate to navigation itself Marine Protection and Water Pollution Liability

Goods Imported/ Exported Running Down Builder's
Indemnity Insurance Hull
insurance over an or transit of goods and Clause Risk
Policy
aircraft passengers Policy
Insurance over Means of and
Infrastructure for Transportation and
Scope Communication Excess Protection and
includes: Insurance against Liability Indemnity Insurance
Personal Floaters Insurance Port Risk
Inland
over Only Policy
Marine
Scope Vessel
covers risks connected with navigation, to which a
includes: Full Form
ship, cargo, freightage, profits or other insurance Insurance over Cargo
Policy
Aviation interest in movable property, may be exposed Total Loss
Ocean Trip or Single Risk
during a certain voyage or fixed period of time Policy
Marine Insurance over Compulsory Passenger
Cargo Policy
and Cargo Liability
Freightage and Income
Shipowner Insurance Presumption: a person insured by a contract of
Charterer Lender on Open Cargo Policy marine insurance is presumed to have knowledge, at
Cost,
Bottomry Insurance and the time of insuring of a prior loss, if information might
Over Freight possibly have reached him in the usual mode of
Seller transmission at the usual rate of communication
Freightage and
Kinds Mortgagee
Income
Cost and Concealment
Over
Over the
the Freight Insurer not liable for concealment of:
Over Cargo Buyer
Ship The national character of the insured;
Insurable Free on
The liability of the thing insured to capture and detention;
Interest Free of Capture and The liability to seizure from breach of foreign laws of trade;
Board
All Risk Seizure Clause (FC&S) The want of necessary documents;
Policy The use of false and simulated papers
Risks Partial: That
Insured Excludes: which is not total.
Against Strikes, Riots and Civil
Named Risk Jettison Constructive Total: More than 3/4 in value is actually lost;
Marine Commotions (SR&CC) Injured to such extent as to reduce its value more than 3/4;
Polcy
Insurance Barratry Thing insured is a ship, the voyage cannot be lawfully performed without
Assailing Thieves incurring an expense to the insured of more than 3/4 of the value of the thing
Averages abandoned or a risk a prudent man would not take under the circumstances

Particular Fire and Related Perils Loss

There must be constructive total loss Actual Total: Total destruction;
There must be a common danger Presumed Actual: Continued absence of
Abandonment Irretrievable loss by sinking;
Damage rendering the thing the ship for a considerable length of time;
Must neither be partial nor conditional
General valueless; or Vessel has not been heard of
For common safety, part of the vessel or of the cargo or Total deprivation of owner of
Made within a reasonable time after receipt of both is sacrificed deliberately possession of thing insured.
Implied
Must be reliable information of the loss
Warranties
factual
Expenses or damages should have been incurred or Statements made to give information to the
Actual relinquishment by the person insured inflicted after taking proper legal steps and authority insurer, and otherwise induce him to enter
Made by giving notice to of his interest in the thing insured into the insurance contract.
insurer done orally or in Expectations : not material,
Types: writing There is successful saving of the vessel and cargo unless it will amount to a
Notice of abandonment must be explicit promissory representation
Only factual representations are
and must specify particular cause of the
Voyage covered by the rules on representations
abandonment Commencement of the Representations
Policy voyage
Warranty that the Ship
Warranty against Warranty of
has Documents of Insurance against all causes of conceivable loss or damage,
Improper Time
Neutrality and Seaworthiness Commencement of every except: 1) as otherwise excluded in the policy; or 2) due to
Deviation Policy
Nationality voyage during stipulated All Risks Policy fraud or intentional misconduct on the part of the insured
Voyage in time
Warranty against Caused by circumstances over which neither the master Stages There can be no recovery on the policy in case of any willful misconduct of
Commencement the master or crew in pursuance of some unlawful or fraudulent purpose
Illegality of the nor the owner of the ship has any control
Port Policy at each Barratry Clause without consent of the owners, and to the prejudice of the owner?s interest.
Voyage
portion or Special Marine
Necessary to comply with a warranty, or to avoid a peril stage Insurance Insurer is liable for loss or damage to the hull or machinery arising
Cargo Clauses Inchamaree
from the: Negligence of the captain, engineers, etc.; Explosions,
When proper: Policy Clause
Made in good faith and upon reasonable grounds or Time the vessel is exposed breakage of shafts; and Latent defect of machinery or hull.
belief necessary to avoid a peril to any risk at the port
Sue and Insurer may become liable to pay the insured, in addition to the loss actually
Made in good faith for purposes of saving human life or Commencement of each Labor Clause suffered, such expenses as he may have incurred in his efforts to protect the
relieving another vessel in distress particular voyage property against a peril for which the insurer would have been liable.