Institute Cargo Clauses definition

Institute Cargo Clauses or "ICC" shall mean the most recent 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.
Sample 1Sample 2Sample 3
Institute Cargo Clauses or "ICC" shall mean the most recent set of terms for cargo insurance policies voluntarily adopted as standard terms by many international marine insurance organizations,
Sample 1

Examples of Institute Cargo Clauses in a sentence

  • Unless otherwise agreed in writing by Crown Agents, the insurance shall be for 110 per cent of the Contract Price and in accordance with the cover provided by Clauses (A) or (B) of the Institute Cargo Clauses (LMA/IUA) and/or in accordance with cover complying with the Institute War Clauses and/or Institute Strikes Clauses (LMA/IUA).

  • Unless otherwise agreed in writing by Crown Agents, the insurance shall be for 110 per cent of the Contract Price and in accordance with Clauses (A) or (B) of the Institute Cargo Clauses (LMA/IUA) and/or cover complying with the Institute War Clauses and/or Institute Strikes Clauses (LMA/IUA).

  • The goods shall be insured for 110% of the invoice value against all risks, i.e. Institute Cargo Clauses (A).

  • Insurance in the form of a declaration policy covering shipments by sea on "All Risks" conditions subject to Institute Cargo Clauses (A) and war and strikes risks as per the appropriate Institute Clauses.

  • The following provisions apply: • Institute Cargo Clauses (A) 1/1/09 • Institute Strikes Clauses (Cargo) 1/1/09 This Additional Benefit does not provide Cover for parts, Equipment and Accessories, and Machinery held ashore for the purposes of storage only.

  • If you do not purchase insurance under Clause A, you will bear the risk of loss for all risks that are covered under Institute Cargo Clauses, Clause A.

  • Excluding Rusting, Oxidation and Discoloration unless caused by the perils insured under Institute Cargo Clauses –B- 1/1/82.

  • Cover in respect of Interests carried On Deck in a container which is not fully structurally enclosed such as an open top container, a flat rack container, an open sided container or a tarpaulin covered container; shall be in accordance with the Institute Cargo Clauses (C)-1.1.82.

  • If the designated Incoterm requires cargo insurance, you must purchase cargo insurance under Institute Cargo Clauses, Clause A (formerly “all risks”) of the International Underwriting Association of London, or its successor.

  • Items, which are not professionally packed, are covered against the total loss of an entire carton, trunk, suitcase, package or similar container reasonably attributable to a peril insured in terms of the Institute Cargo Clauses (B) as amended herein.

Related to Institute Cargo Clauses

  • Energy efficiency portfolio standard means a requirement to

  • Standard Contractual Clauses means the clauses attached hereto as Exhibit 1 pursuant to the European Commission’s decision (C(2010)593) of 5 February 2010 on Standard Contractual Clauses for the transfer of personal data to processors established in third countries which do not ensure an adequate level of data protection.

  • Institutional use means use within the lines of, or on property necessary for the operation of buildings such as hospitals, schools, libraries, auditoriums, and office complexes.