institute cargo clauses
Definition
Set of terms for cargo insurance policies voluntarily adopted as standard terms by many international marine insurance organizations, including the Institute Of London Underwriters and the American Institute Of Marine Underwriters. Widest insurance cover is provided under 'Institute Cargo Clause A', a more restrictive cover under 'Institute Cargo Clause B', and the most restrictive cover under 'Institute Cargo Clause C.' These clauses have replaced the older 'All Risks,' 'With Average,' and 'Free Of Particular Average' clauses. Also called American Institute cargo clauses.
institute cargo clauses is in the General, Marine, & Life Insurance, International Trade & Relations and Shipping, Transport, & Travel subjects.
institute cargo clauses appears in the definitions of the following terms: average, American Institute cargo clauses and all risks insurance
institute cargo clauses appears in the other term:
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