Financial
War Clause
Extension of cargo insurance coverage protecting against losses caused by war, civil war, revolution, mines, torpedoes, and other acts of war. Contracted as an addition to standard ICC clauses.
Extension of cargo insurance coverage protecting against losses caused by war, civil war, revolution, mines, torpedoes, and other acts of war. Contracted as an addition to standard ICC clauses.
Extension of cargo insurance coverage protecting against losses caused by war, civil war, revolution, mines, torpedoes, and other acts of war. Contracted as an addition to standard ICC clauses.
Strike Clause
Extension of cargo insurance covering losses or damage caused by strikers, locked-out workers, civil disturbances, and terrorism. Contracted additionally to ICC clauses and covers social risks.
FinancialICC Clause A
Broadest cargo insurance coverage from the Institute of London Underwriters protecting against all risks of physical loss or damage to goods, with expressly listed exclusions. It is the highest level of protection.
FinancialMarine Cargo Insurance
Policy protecting the insured against losses or damage to goods during maritime transport. Can cover from basic risks to all risks depending on the contracted ICC clause.
FinancialInsurance Premium
Amount paid to the insurer as consideration for cargo insurance coverage. Calculated as a percentage of insured value (generally CIF + 10%) considering type of goods, route, and contracted clause.