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Marine

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Type of losses Covered by Institute Cargo Clauses "A"

  • Particular average (partial loss) such as T.P.N.D. (Theft, Pilferage and non delivery), breakage, leakage, denting, damage and contamination, etc...
  • General average sacrifice.
  • Piracy.
  • Actual total loss.
  • Constructive total loss.
  • Expenses incurred by the assured to minimize the loss such as survey fees, reconditioning costs.
  • Sue and labor charges covering particular charges to prevent loss or damage to the goods.
  • General average and salvage contributions.
  • Collision liability (legal liability).
  • Stranding, sinking, grounding, fire and explosion.
  • Jettison, washing overboard, sling risks.
  • Earthquake, volcanic eruption, lightning.
  • Entry of sea water to vessel holds and/or container.
  • Overturning or derailment of land conveyance.
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