Tuesday November 21, 2017
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Exclusions
Institute Cargo Clauses (A) - 'ALL-RISKS' Coverage

The broadest form of coverage is 'ALL-RISKS'. An 'ALL-RISKS' policy insures approved general merchandise in the event of physical loss or damage from any external cause. This includes new, packaged goods without unusual susceptibility to loss from breakage, pilferage, or the nature of the goods themselves.


Exclusions

However, there are exclusions under Institute Cargo Clauses (A) 'ALL-RISKS' policies do not cover all losses possible in the course of an international shipment. Typical exclusions in an Institute Cargo Clauses (A) Policy are:

1. Loss damage or expense attributable to willful misconduct of the Assured

2. Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter insured

3. Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject-matter insured ('packing' shall be deemed to include stowage in a container or liftvan but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants)

4. Loss damage or expense caused by inherent vice or nature of the subject-matter insured

5. Loss damage or expense proximately caused by delay, even though the delay be caused by a risk insured against

6. Loss damage or expense arising from insolvency or financial default of the owners managers charterers or operators of the vessel

7. Loss damage or expense arising from the use of any weapon of war employing atomic or unclear fission and/or fusion or other like reaction or radioactive force or manner

8. Loss damage or expense arising from unseaworthiness of vessel or craft or unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject-matter insured where the Assured or their servants are privy to such unseaworthiness or unfitness, at the time the subject-matter insured is loaded

9. loss damage or expense caused by war, civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power; capture seizure arrest restraint or detainment (piracy excepted), and the consequences thereof or any attempt thereat and derelict mines torpedoes bombs or other derelict weapons of war

10. loss damage or expense caused by strikers, locked-out workmen, or persons taking part in labour disturbances, riots, or civil commotion; resulting from strikes, lock-out, labour disturbances, riots or civil commotions; caused by any terrorists or any person acting from a political motive.
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