The Plan
Preface
Part One
Part Two
Part Three
Part Four
Appendix
Commentary
Part One
Part Two
Part Three
Part Four
Pdf download
Translations
Norwegian Translation
Swedish Translation
Danish Translation
Finnish Translation
Search
Home
>
The Plan
>
Part Four
>
Chapter 20
>
Section 2:
>
Clause 20-12.
The Plan
Preface
Part One: Rules common to all types of insurance
Chapter 1: Introductory provisions
Clause 1-1. Definitions
Clause 1-2. Policy
Clause 1-3. Contracts entered into through a broker
Clause 1-4A. Jurisdiction and choice of law
Clause 1-4B. Arbitration Clause
Clause 1-5. Insurance period
Chapter 2: General rules relating to the scope of the insurance
Section 1: Insurable interest and insurable value
Clause 2-1. Insurance unrelated to any interest
Clause 2-2. Insurable value
Clause 2-3. Agreed insurable value
Clause 2-4. Under-insurance
Clause 2-5. Over-insurance
Clause 2-6. Liability of the insurer when the interest is also insured with another insurer
Clause 2-7. Recourse between the insurers where the interest is insured with two or more insurers
Section 2: Perils insured against, causation and loss
Clause 2-8. Perils covered by an insurance against marine perils
Clause 2-9. Perils covered by an insurance against war perils
Clause 2-10. Perils insured against when no agreement has been made as to what perils are covered by the insurance
Clause 2-11. Causation. Incidence of loss
Clause 2-12. Main rule relating to the burden of proof
Clause 2-13. Combination of perils
Clause 2-14. Combination of marine and war perils
Clause 2-15. Losses deemed to be caused entirely by war perils
Clause 2-16. Loss attributable either to marine or war perils
Clause 2-17. Sanction limitation and exclusion
Chapter 3: Duties of the person effecting the insurance and of the assured
Section 1: Duty of disclosure of the person effecting the insurance
Clause 3-1. Scope of the duty of disclosure
Clause 3-2. Fraudulent misrepresentation
Clause 3-3. Other failure to fulfil the duty of disclosure
Clause 3-4. Innocent breach of the duty of disclosure
Clause 3-5. Cases where the insurer may not invoke breach of the duty of disclosure
Clause 3-6. Duty of the insurer to give notice
Clause 3-7. Right of the insurer to obtain particulars from the vessel’s classification society, etc.
Section 2: Alteration of the risk
Clause 3-8. Alteration of the risk
Clause 3-9. Alteration of the risk caused or agreed to by the assured
Clause 3-10. Right of the insurer to cancel the insurance
Clause 3-11. Duty of the assured to give notice
Clause 3-12. Cases where the insurer may not invoke alteration of the risk
Clause 3-13. Duty of the insurer to give notice
Clause 3-14. Loss of the main class
Clause 3-15. Trading areas
Clause 3-16. Illegal undertakings
Clause 3-17. Suspension of the insurance in the event of requisition
Clause 3-18. Notification of requisition
Clause 3-19. Suspension of insurance while the vessel is temporarily seized
Clause 3-20. Removal of the vessel to a repair yard
Clause 3-21. Change of ownership
Section 3: Safety regulations
Clause 3-22. Safety regulations
Clause 3-23. Right of the insurer to demand a survey of the vessel
Clause 3-24. (open)
Clause 3-25. Breach of safety regulations
Clause 3-26. Vessels laid up
Clause 3-27. Right of the insurer to cancel the insurance
Clause 3-28. Terms of contract
Section 4: Measures to avert or minimise loss, etc.
Clause 3-29. Duty of the assured to notify the insurer of a casualty
Clause 3-30. Duty of the assured to avert and minimise loss
Clause 3-31. Consequences of the assured neglecting his duties
Section 5: Casualties caused intentionally or negligently by the assured
Clause 3-32. Intent
Clause 3-33. Gross negligence
Clause 3-34. Right of the insurer to cancel the insurance
Clause 3-35. Circumstances precluding the application of Clauses 3-32 to 3-34
Section 6. Identification
Clause 3-36. Identification of the assured with his servants
Clause 3-37. Identification of two or more assureds with each other and of the assured with a co-owner
Clause 3-38. Identification of the assured with the person effecting the insurance
Chapter 4: Liability of the insurer
Section 1: General rules relating to the liability of the insurer
Clause 4-1. Total loss
Clause 4-2. General financial loss and loss resulting from delay
Clause 4-3. Costs of providing security, etc.
Clause 4-4. Costs of litigation
Clause 4-5. Costs in connection with a claim
Clause 4-6. Costs in connection with measures relating to several interests
Section 2: Costs of measures to avert or minimise the loss, including salvage awards and general average
Clause 4-7. Compensation of the costs of measures to avert or minimise loss
Clause 4-8. General average
Clause 4-9. General average apportionment where the interests belong to the same person
Clause 4-10. Damage to and loss of the object insured
Clause 4-11. Assumed general average
Clause 4-12. Costs of particular measures taken to avert or minimise loss
Section 3: Liability of the assured to third parties
Clause 4-13. Main rule
Clause 4-14. Cross liabilities
Clause 4-15. Unusual or prohibited terms of contract
Clause 4-16. Objects belonging to the assured
Clause 4-17. Determination of the liability of the assured
Section 4: The sum insured as the limit of the liability of the insurer
Clause 4-18. Main rule
Clause 4-19. Liability in excess of the sum insured
Clause 4-20. Limit of liability where loss is caused by a combination of perils
Clause 4-21. Right of the insurer to avoid further liability by payment of the sum insured
Chapter 5: Settlement of claims
Section 1: Claims adjustment, interest, payments on account, etc.
Clause 5-1. Duty of the assured to provide particulars and documents
Clause 5-2. Claims adjustment
Clause 5-3. Rates of exchange
Clause 5-4. Interest on the compensation
Clause 5-5. Disputes concerning the adjustment of the claim
Clause 5-6. Due date
Clause 5-7. Duty of the insurer to make a payment on account
Clause 5-8. Payment on account when there is a dispute as to which insurer is liable for the loss
Section 2: Liability of the assured to third parties
Clause 5-9. Duties of the assured when a claim for damages covered by the insurance is brought against him
Clause 5-10. Right of the insurer to take over the handling of the claim
Clause 5-11. Decisions concerning legal proceedings or appeals
Clause 5-12. Provision of security
Section 3: Claims by the assured for damages against third parties
Clause 5-13. Right of subrogation of the insurer to claims by the assured for damages against third parties
Clause 5-14. Waiver of claim for damages
Clause 5-15. Duty of the assured to assist the insurer with information and documents
Clause 5-16. Duty of the assured to maintain and safeguard the claim
Clause 5-17. Decisions concerning legal proceedings or appeals
Clause 5-18. Salvage award which entails compensation for loss covered by the insurer
Section 4: Right of the insurer to the object insured upon payment of a claim
Clause 5-19. Right of the insurer to take over the object insured
Clause 5-20. Charges on the object insured
Clause 5-21. Preservation of the object insured
Clause 5-22. Right of subrogation of the insurer in respect of damage to the object insured
Section 5: Limitation, etc.
Clause 5-23. Time-limit for notification of a casualty
Clause 5-24. Limitation
Clause 5-25. Rules regarding claims notice and limitation for insurance contracts subject to Finnish law and jurisdiction
Chapter 6: Premium
Clause 6-1. Payment of premium
Clause 6-2. Right of the insurer to cancel the insurance in case of non-payment of premium
Clause 6-3. Premium in the event of total loss
Clause 6-4. Additional premium when the insurance is extended
Clause 6-5. Reduction of premium
Clause 6-6. Reduction of premium when the vessel is laid up or in similar situations
Clause 6-7. Claim for a reduction of premium
Chapter 7: Co-insurance of mortgagees
Clause 7-1. Rights of a mortgagee against the insurer
Clause 7-2. Amendments and cancellation of the insurance
Clause 7-3. Handling of claims, claims adjustments, etc.
Clause 7-4. Payment of compensation
Chapter 8: Co-insurance of third parties
Clause 8-1. Rights of third parties against the insurer
Clause 8-2. Protection of third parties against subrogation claims from the insurer
Clause 8-3. Application of the rules in Chapter 3 and Clause 5-1
Clause 8-4. Amendments and cancellation of the insurance contract
Clause 8-5. Handling of claims, claims adjustment, etc.
Clause 8-6. Other insurance
Clause 8-7. Independent co-insurance of mortgagees and named third parties
Chapter 9: Relations between the claims leader and co-insurers
Clause 9-1. Definitions
Clause 9-2. The right of the claims leader to act on behalf of co-insurers
Clause 9-3. Lay-up plan
Clause 9-4. Notification of a casualty
Clause 9-5. Salvage
Clause 9-6. Removal and repairs
Clause 9-7. Provision of security
Clause 9-8. Disputes with third parties
Clause 9-9. Claims adjustment
Clause 9-10. Insolvency of a co-insurer
Clause 9-11. Interest on the disbursements of the claims leader
Part Two: Hull insurance
Chapter 10: General rules relating to the scope of the hull insurance
Clause 10-1. Objects insured
Clause 10-2. Objects, etc. temporarily removed from the vessel
Clause 10-3. Loss due to ordinary use
Clause 10-4. Insurance "on full conditions"
Clause 10-5. Insurance "against total loss only" (T.L.O.)
Clause 10-6. Insurance "against total loss and general average contribution only"
Clause 10-7. Insurance "against total loss, general average contribution and collision liability only"
Clause 10-8. Insurance "on stranding terms"
Clause 10-9. Duration of voyage insurance
Clause 10-10. Extension of the insurance
Clause 10-11. Liability of the insurer if the vessel is salvaged by the assured
Clause 10-12. Reduction of liability in consequence of an interest insurance
Chapter 11: Total loss
Clause 11-1. Total loss
Clause 11-2. Salvage attempts
Clause 11-3. Condemnation
Clause 11-4. Condemnation in the event of a combination of perils
Clause 11-5. Request for condemnation
Clause 11-6. Removal of the vessel
Clause 11-7. Missing or abandoned vessel
Clause 11-8. Extension of the insurance when the vessel is missing or abandoned
Clause 11-9. Liability of the insurer during the period of clarification
Chapter 12: Damage
Clause 12-1. Main rule concerning liability of the insurer
Clause 12-2. Compensation for unrepaired damage
Clause 12-3. Inadequate maintenance, etc.
Clause 12-4. Error in design, etc.
Clause 12-5. Losses that are not recoverable
Clause 12-6. Deferred repairs
Clause 12-7. Temporary repairs
Clause 12-8. Costs incurred in expediting repairs
Clause 12-9. Repairs of a vessel that is condemnable
Clause 12-10. Survey of damage
Clause 12-11. Invitations to tender
Clause 12-12. Choice of repair yard
Clause 12-13. Removal of the vessel
Clause 12-14. Apportionment of common expenses
Clause 12-15. Ice damage deductions
Clause 12-16. Machinery damage deductions
Clause 12-17. Compensation without deductions
Clause 12-18. Deductible
Clause 12-19. Basis for calculation of deductions according to Clauses 12-15 to 12-18 and Clause 3-15
Chapter 13: Liability of the assured arising from collision or striking
Clause 13-1. Scope of liability of the insurer
Clause 13-2. Limitation of liability based on tonnage or value of more than one vessel
Clause 13-3. Maximum liability of the insurer in respect of any one casualty
Clause 13-4. Deductible
Part Three: Other insurances for ocean-going vessels
Chapter 14: Separate insurances against total loss
Clause 14-1. Insurance against total loss and excess collision liability (hull interest insurance)
Clause 14-2. Insurance against loss of long-term freight income (freight interest insurance)
Clause 14-3. Common rules for separate insurances against total loss
Clause 14-4. Limitations on the right to effect separate insurances against total loss
Chapter 15: War risks insurance
Section 1: General rules relating to the scope of war risks insurance
Clause 15-1. Perils covered
Clause 15-2. Interests insured
Clause 15-3. Sum insured
Clause 15-4. Safety regulations
Section 2: Termination of the insurance
Clause 15-5. War between the major powers
Clause 15-6. Use of nuclear arms for war purposes
Clause 15-7. Bareboat chartering
Clause 15-8. Cancellation
Section 3: Trading areas
Clause 15-9. Excluded and conditional trading areas
Section 4: Total loss
Clause 15-10. Relationship to Chapter 11
Clause 15-11. Intervention by a foreign State power, piracy
Clause 15-12. Blocking and trapping
Clause 15-13. Restrictions imposed by the insurer
Section 5: Damage
Clause 15-14. Relationship to Chapter 12
Clause 15-15. Deductible
Section 6: Loss of hire
Clause 15-16. Relationship to Chapter 16
Clause 15-17. Loss in connection with a call at a visitation port, a temporary stay, etc.
Clause 15-18. Loss caused by orders issued by the insurer
Clause 15-19. Choice of repair yard
Section 7: Owner’s liability, etc. (P&I)
Clause 15-20. Scope of cover
Clause 15-21. (deleted)
Clause 15-22. Limitations to the cover
Section 8: Occupational injury insurance, etc.
Clause 15-23. Scope of cover
Chapter 16: Loss of hire insurance
Clause 16-1. Main rules regarding the liability of the insurer
Clause 16-2. Total loss
Clause 16-3. Main rule for calculating compensation
Clause 16-4. Calculation of the loss of time
Clause 16-5. The daily amount
Clause 16-6. Agreed daily amount
Clause 16-7. Deductible period
Clause 16-8. Survey of damage
Clause 16-9. Choice of repair yard
Clause 16-10. Removal to the repair yard, etc.
Clause 16-11. Extra costs incurred in order to save time
Clause 16-12. Simultaneous repairs
Clause 16-13. Loss of time after completion of repairs
Clause 16-14. Repairs carried out after expiry of the insurance period
Clause 16-15. Liability of the insurer when the vessel is transferred to a new owner
Clause 16-16. Relationship to other insurances and general average
Part Four: Other insurances
Chapter 17: Insurance for fishing vessels
Section 1: General provisions
Clause 17-1. Scope of application
Clause 17-2. Renewal of the insurance/Ref. Clause 1-5
Clause 17-3. Trading areas for fishing vessels/Ref. Clause 3-15
Clause 17-4. Classification and vessel inspection/Ref. Clause 3-14 and Clause 3-8
Clause 17-5. Safety regulations/Ref. Clause 3-22 and Clause 3-25
Clause 17-6. Savings to the assured
Section 2: Hull insurance
Clause 17-7. The relationship to Chapters 10-13
Clause 17-7A. Fixed equipment temporarily removed from the vessel
Clause 17-8. Change of the open or agreed insurable value/Ref. Clause 2-2 and Clause 2-3
Clause 17-9. Damage to lifeboats, fishing, whaling and sealing tackle and catch/Ref. Clause 4-7 to Clause 4-12 and Clause 4-16
Clause 17-10. Hull and freight-interest insurance/Ref. Clause 10-12
Clause 17-11. Condemnation/Ref. Clause 11-3
Clause 17-12. Damage to the hull of vessels which are not built of steel/Ref. Clause 12-1
Clause 17-13. Limited cover of damage to machinery
Clause 17-14. Costs incurred in saving time/Ref. Clause 12-7, Clause 12-8, Clause 12-11 and Clause 12-12
Clause 17-15. Deductions/Ref. Clause 12-15, Clause 12-16 and Clause 12-18
Clause 17-16. Collision liability for fishing vessels/Ref. Clause 13-1
Clause 17-17. Collision liability/Ref. Clause 13-1
Section 3: Hull insurance - extended cover
Clause 17-18. Extended cover of damage to machinery
Section 4: Catch and equipment insurance - standard cover
Clause 17-19. Objects insured
Clause 17-20. Insurable value
Clause 17-21. Extraordinary handling costs
Clause 17-22. Excluded perils/Ref. Clause 2-8
Clause 17-23. Deck cargo
Clause 17-24. Total loss
Clause 17-25. Damage to or loss of catch
Clause 17-26. Damage to other objects
Clause 17-27. Survey of damage
Clause 17-28. Deductible
Section 5: Supplementary cover for nets and seines in the sea
Clause 17-29. Objects insured
Clause 17-30. Excluded perils/Ref. Clause 2-8
Clause 17-31. Deductible
Clause 17-32. Duties of the assured in the event of a casualty/Ref. Clause 3-29
Section 6: Loss of hire for fishing vessels
Clause 17-33. Relationship to Chapter 16
Clause 17-34. Liability of the insurer/applies instead of Clause 16-1
Clause 17-35. Total loss/applies instead of Clause 16-2
Clause 17-36. Calculation of compensation for fishing vessels/Ref. Clause 16-3
Clause 17-37. The daily amount for fishing vessels/applies instead of Clause 16-5
Clause 17-38. Agreed daily amount for fishing vessels/applies instead of Clause 16-6
Chapter 18: Insurance of mobile offshore units (MOUs)
Section 1: General rules relating to the scope of the insurance
Clause 18-1. Scope of application and applicable rules
Section 2: Hull insurance
Section 2-1: General rules relating to the scope of the H&M insurance
Clause 18-2. Objects insured
Clause 18-3. Objects temporarily removed or separated etc. from the MOU
Clause 18-4. Loss due to ordinary use
Clause 18-5. Extension of the insurance
Clause 18-6. Liability of the insurer if the MOU is salvaged by the assured
Clause 18-7. Reduction of liability in consequence of an interest insurance
Section 2-2: Total loss
Clause 18-8. Total loss
Clause 18-9. Salvage attempts
Clause 18-10. Condemnation
Clause 18-11. Condemnation in the event of a combination of perils
Clause 18-12. Request for condemnation
Clause 18-13. Removal of the MOU
Clause 18-14. Missing or abandoned MOU
Clause 18-15. Extension of the insurance when the MOU is missing or abandoned
Clause 18-16. Liability of the insurer during the period of clarification
Section 2-3: Damage
Clause 18-17. Main rule concerning liability of the insurer
Clause 18-18. Compensation for unrepaired damage
Clause 18-19. Inadequate maintenance, etc.
Clause 18-20. Error in design, etc.
Clause 18-21. Losses that are not recoverable
Clause 18-22. Damage to the drill string
Clause 18-23. Deferred repairs
Clause 18-24. Temporary repairs
Clause 18-25. Costs incurred in expediting repairs
Clause 18-26. Repairs of a MOU that is condemnable
Clause 18-27. Survey of damage
Clause 18-28. Invitations to tender
Clause 18-29. Choice of repairers
Clause 18-30. Removal for repairs
Clause 18-31. Apportionment of common expenses
Clause 18-32. Ice damage deductions
Clause 18-33. Deductible
Clause 18-34. Basis for calculation of deductions according to Clauses 18-32, 18-33 and 3-15
Section 2-4: Liability of the assured arising from collision or striking
Clause 18-35. Scope of liability of the insurer
Clause 18-36. Limitation of liability based on tonnage or value of more than one MOU
Clause 18-37. Maximum liability of the insurer in respect of any one casualty
Clause 18-38. Deductible
Section 3: Separate insurances against total loss
Clause 18-39. Insurance against total loss and excess collision liability (hull interest insurance)
Clause 18-40. Insurance against loss of long-term freight income (freight interest insurance)
Clause 18-41. Common rules for separate insurances against total loss
Clause 18-42. Limitations on the right to insure separately against total loss
Section 4: Loss of hire insurance
Clause 18-43. Main rules regarding the liability of the insurer
Clause 18-44. Total loss
Clause 18-45. Main rule for calculating compensation
Clause 18-46. Calculation of the loss of time
Clause 18-47. The daily amount
Clause 18-48. Agreed daily amount
Clause 18-49. Deductible period
Clause 18-50. Survey of damage
Clause 18-51. Choice of repairer
Clause 18-52. Move to the repair location, etc.
Clause 18-53. Extra costs incurred in order to save time
Clause 18-54. Simultaneous works
Clause 18-55. Loss of time after completion of repairs
Clause 18-56. Repairs carried out after expiry of the insurance period
Clause 18-57. Liability of the insurer when the MOU is transferred to a new owner
Clause 18-58. Relationship to other insurances and general average
Section 5: War risks insurance
Section 5-1: General rules relating to the scope of war risks insurance
Clause 18-59. Applicable rules
Clause 18-60. Interests insured
Clause 18-61. Sum insured
Clause 18-62. Safety regulations
Section 5-2: Termination of the insurance
Clause 18-63. War between the major powers
Clause 18-64. Use of nuclear arms for war purposes
Clause 18-65. Bareboat chartering
Clause 18-66. Cancellation
Section 5-3: Areas of operation
Clause 18-67. Excluded and conditional areas
Section 5-4: Total loss
Clause 18-68. Relationship to Section 2-2 above
Clause 18-69. Intervention by a foreign State power, piracy
Clause 18-70. Blocking and trapping
Clause 18-71. Restrictions imposed by the insurer
Section 5-5: Damage
Clause 18-72. Relationship to Section 2-3 above
Clause 18-73. Deductible
Section 5-6: Loss of hire
Clause 18-74. Relationship to Section 4 above
Clause 18-75. Loss in connection with a call at a visitation port, a temporary stay, etc.
Clause 18-76. Loss caused by orders issued by the insurer
Clause 18-77. Choice of repairer
Section 5-7: Owner’s liability, etc. (P&I)
Clause 18-78. Scope of cover
Clause 18-79. Limitations to the cover
Section 5-8: Occupational injury insurance, etc.
Clause 18-80. Scope of cover
Section 6: Construction risks insurance
Section 6-1: General rules relating to the scope of construction risks insurance
Clause 18-81. Scope of application
Clause 18-82. Insurance period/Ref. Clause 1-5
Clause 18-83. Place of insurance – project locations
Clause 18-84. Escalation
Clause 18-85. Deductible
Clause 18-86. Premium in the event of total loss
Section 6-2: Loss of or damage to the MOU
Clause 18-87. Objects insured/Ref. Clause 18-2
Clause 18-88. Insurable value
Clause 18-89. Compensation in the event of a total loss/Ref. Clause 4-1
Clause 18-90. Total Loss/Ref. Section 2-2
Clause 18-91. Damage/Ref. Section 2-3
Clause 18-92. Error in design, etc.
Clause 18-93. Costs incurred in order to save time/Ref. Clauses 18-24, 18-28 and 18-29
Section 6-3: Supplementary covers
Clause 18-94. Applicable rules
Clause 18-95. Additional costs arising from unsuccessful launching
Clause 18-96. Costs of removal of wreck and debris
Clause 18-97. Liability of the assured arising from collision or striking
Clause 18-98. Liability insurance
Clause 18-99. Delay in delivery
Chapter 19: Builders’ risks insurance
Section 1: Common provisions
Clause 19-1. Perils covered/Ref. Clause 2-8 cf. Clause 2-10
Clause 19-2. Insurance period/Ref. Clause 1-5
Clause 19-2A. Premium in the event of total loss
Clause 19-3. Co-insurance/Ref. Clause 8-1
Clause 19-4. Transfer of the building contract/Ref. Clause 3-21
Clause 19-5. Place of insurance
Clause 19-6. The sum insured as the limit of the liability of the insurer/Ref. Clause 4-18 and Clause 4-19
Clause 19-7. Escalation of the sum insured
Clause 19-8. Deductible
Section 2: Loss of or damage to the subject-matter insured
Clause 19-9. Objects insured/Ref. Clause 10-1
Clause 19-10. Insurable value
Clause 19-11. Total loss in the event of condemnation
Clause 19-12. Total loss where the yard's obligation to deliver no longer applies
Clause 19-13. Compensation in the event of a total loss/ Ref. Clause 4-1
Clause 19-14. Damage/Ref. Chapter 12
Clause 19-15. Limitation of the insurer’s liability/Ref. Clause 12-1
Clause 19-16. Compensation for unrepaired damage/ Ref. Clause 12-2
Clause 19-17. Costs incurred in order to save time/ Ref. Clause 12-7, Clause 12-11 and Clause 12-12
Section 3: Indemnification of additional costs incurred in an unsuccessful launching and costs of wreck removal
Clause 19-18. Additional costs incurred in an unsuccessful launching
Clause 19-19. Costs of wreck removal
Section 4: Liability insurance
Clause 19-20. Scope of the liability insurance
Clause 19-21. Limitations on the liability insurance
Section 5: Supplementary covers
Clause 19-22. Applicable rules
Clause 19-23. Insurance of additional costs in connection with rebuilding and/or building of a new subject-matter insured
Clause 19-24. Insurance of the yard’s liability for the buyer’s interest claim for instalments paid
Clause 19-25. Insurance of the yard’s loss of interest in the event of late delivery
Clause 19-26. Insurance of the yard’s daily penalties in the event of late delivery
Clause 19-27. Towage and removal of the subject-matter insured
Section 6: Supplementary cover for war risks
Clause 19-28. Perils insured
Clause 19-29. Insurance period
Clause 19-30. Other applicable provisions
Chapter 20: Insurance for vessels with limited trading areas
Section 1: General provisions
Clause 20-1. Scope of application
Clause 20-2. Renewal of the insurance/Ref. Clause 1-5
Clause 20-3. Classification and vessel inspection/ Ref. Clause 3-14 and Clause 3-8
Clause 20-4. Safety regulations/Ref. Clause 3-22 and Clause 3-25
Clause 20-5. Savings to the assured
Section 2 Hull insurance
Clause 20-6. The relationship to Chapters 10-13
Clause 20-7. Hull and freight-interest insurance/ Ref. Clause 10-12
Clause 20-8. Condemnation/Ref. Clause 11-3
Clause 20-9. Damage to the hull of vessels which are not built of steel/Ref. Clause 12-1
Clause 20-10. Limited cover of damage to machinery
Clause 20-11. Costs incurred in saving time/ Ref. Clause 12-7, Clause 12-8, Clause 12-11 and Clause 12-12
Clause 20-12. Deductions/Ref. Clause 12-15, Clause 12-16 and Clause 12-18
Clause 20-13. Collision liability/Ref. Clause 13-1
Section 3 Hull insurance - extended cover
Clause 20-14. Extended cover of damage to machinery
Section 4 Hull insurance - limited cover
Clause 20-15. Insurance “against total loss only” (T.L.O.)
Clause 20-16. Insurance “on stranding terms”
Chapter 21 Liability insurance
Clause 21-1. Scope of application
Clause 21-2. Renewal of the insurance/Ref. Clause 1-5
Clause 21-3. Classification and vessel inspection/ Ref. Clause 3-14 and Clause 3-8
Clause 21-4. Savings to the assured
Clause 21-5. Perils covered
Clause 21-6. Liability for personal injury
Clause 21-7. Liability for property damage
Clause 21-8. Liability for description
Clause 21-9. Liability for the misdelivery of goods
Clause 21-10. General average contributions
Clause 21-11. Liability for the removal of wrecks
Clause 21-12. Liability for special salvage compensation
Clause 21-13. Liability for bunker oil pollution damage and damage to the environment
Clause 21-14. Stowaways
Clause 21-15. Liability for fines, etc.
Clause 21-16. Liability for social benefits for the crew
Clause 21-17. Travel expenses for replacement crew
Clause 21-18. Expenses for disinfection and quarantine
Clause 21-19. Limitation due to other insurance, etc.
Clause 21-20. Safety regulations/Ref. Clause 3-22 and Clause 3-25
Clause 21-21. Assured’s fault
Clause 21-22. The insurer’s rights in the event of liability
Clause 21-23. Liability for loss that occurred during other transport, etc.
Clause 21-24. Limitation of liability for fishing vessels
Clause 21-25. Limitation of the insurer’s liability for measures to avert or minimise loss
Clause 21-26. The sum insured as a limit to the insurer’s liability
Clause 21-27. Deductible
Appendix
Appendix to Clause 3-15: Trading Limits
Introduction
I. Excluded trading areas, cf. Clause 3-15 (Map No. 1)
II. Conditional trading areas, cf. Clause 3-15
Appendix to Clause 3-15 and Clause 17-3: Trading areas
III. Excluded trading areas applicable to the insurance of fishing vessels pursuant to Chapter 17, cf. Clause 17-3 (Maps No. 5, 6 and 7)
Scroll to the top
Clause 20-12. Deductions/Ref. Clause 12-15, Clause 12-16 and Clause 12-18
Ice damage deduction, cf. Cl. 12-15:
Damage resulting from striking against or contact with ice is covered subject to the deductions stated in the insurance contract.
Electronic equipment damage deduction:
Damage to electronic equipment is covered subject to the deductions stated in the insurance contract.
Machinery damage deduction, cf. Cl. 12-16:
Damage to machinery etc. is covered subject to the deductions stated in the insurance contract.
Deductible, cf. Cl. 12-18:
For any one casualty, the amount stated in the insurance contract shall be deducted.
Print this page
Cefor - The Nordic Association of Marine InsurersCefor - The Nordic Association of Marine Insurers