What it covers
- Clause A – Cover against unnamed perils
- Clause B
- Washing overboard (accidently losing the cargo over the side as contrasted with doing it deliberately)
- Entry of sea, lake or river water to the vessel or place of storage, however, note that this peril does not cover rainwater, sprinkler water or condensation type damage
- Total loss of a package by falling overboard
- Clause C
- Fire and explosion
- Grounding or stranding of the vessel
- Jettison of the cargo (disposing of the cargo over the side of the ship deliberately)
- Sinking
- Collision
- Damage to the cargo if it must be discharged after damage to the ship
What it does not cover
- Wilful misconduct of the insured – deliberately causing damage to the cargo
- Wear and tear or inherent vice – the natural behaviour of cargo without any external influence (such as cargo ripening or ferrous metals rusting)
- Insufficiency of packing – this is a relative concept as the measure is the appropriate packing for that cargo, not a standard across all cargos
- Insolvency of the carrier – this is to try and focus cargo interests minds on the quality of those with whom they do business
- Delay – even if the delay is caused by a peril insured against. This is because insurers are not interested in covering loss of market
- Unseaworthiness – particularly if the insured was aware or should have been aware at the time of loading. The concept of unseaworthiness is not just a ship with holes in her hull but also incompetent crew, or missing radios.
- Unfitness of a container or other conveyance (truck etc) to carry the cargo
- Malicious damage – this is only in the ICC B and C Clauses
- War – piracy is not included in this exclusion
- Nuclear Strikes
For registration of claims and to learn more about our claims process please Contact our dedicated claims team for advice on an incident/claim.