Page 9 - Marine Insurance IC67 EBOOK
P. 9
The Insurance Times
for storage other than in the ordinary course port or place, or unless otherwise specially
of transit or agreed, until the expiry of 60 days after arrival
of the goods hereby insured at such port or
for allocation or distribution. place, whichever shall first occur.
or or
on the expiry of 60 days after completion of 2. If the goods are forwarded within the said
discharge overside of the goods hereby period of 60 days (or any agreed extension
insured from the overseas vessel at the final thereof) to the destination named herein or to
port of discharge, whichever shall first occur. any other destination, until terminated in
accordance with the provisions of Clause 8
2. If, after discharge overside from the overseas above.
vessel at the final port of discharge, but prior
to termination of this insurance, the goods 10. Change Of Voyage Clause :
are to be forwarded to a destination other
than that to which they are insured Where, after attachment of this insurance, the
hereunder, this insurance, whilst remaining destination is changed by the Assured, held
subject to termination as provided for above, covered at a premium and on conditions to be
shall not extend beyond the commencement arranged subject to prompt notice being given to
of transit to such other destination. the Underwriters.
3. This insurance shall remain in force (subject 11. Claims :
to termination as provided for above and to
the provisions of Clause 9 below) during delay 1. In order to recover under this insurance, the
beyond the control of the Assured, any Assured must have an insurable interest in
deviation, forced discharge, reshipment or the subject-matter insured at the time of the
transhipment and during any variation of the loss.
adventure arising from the exercise of a liberty
granted to shipowners or charterers under the 2. Subject to 11.1 above, the Assured shall
contract of affreightment. be entitled to recover for insured loss
occurring during the period covered by this
9. Termination Of Contract Of Carriage insurance, notwithstanding that the loss
Clause : occurred before the contract of insurance
was concluded , unless the Assured were
If owing to circumstance beyond the control of the aware of the loss and Underwriters were
assured either the contract of carriage is not.
terminated at a port or place other than the
destination named therein or the transit is 12. Forwarding Charges Clause :
otherwise terminated before delivery of the goods
as provided for in Clause 7 above, then this Where, as a result of the operation of a risk
insurance shall also terminate unless prompt covered by this insurance, the insured transit is
notice is given to the Underwriters and terminated at a port or place other than that to
continuation of cover is requested when the which the subject-matter is covered under this
insurance shall remain in force, subject to an insurance, the Underwriters will reimburse the
additional premium if required by the Underwriters, Assured for any extra charges properly and
either. reasonably incurred in unloading storing and
1. until the goods are sold and delivered at such forwarding the subject-matter to the destination to
which it is insured hereunder.
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