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PICC P&C INSTITUTE WAR CLAUSES (COMMODITY TRADES)

Agreed with The Federation of Commodity Associations

risks covered

1

This insurance covers, except as provided in Clauses 3 and 4 below, loss of or damage to the subject-matter insured caused by

Risks Clause

1.1

war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power

1.2

capture seizure arrest restraint or detainment, arising from risks covered under 1.1 above, and the consequences thereof or any attempt thereat

1.3

derelict mines torpedoes bombs or other derelict weapons of war.

2

This insurance covers general average and salvage charges, adjusted or determined according to the contract of affreightment and/or the governing law and practice, incurred to avoid or in connection with the avoidance of loss from a risk covered under these clauses.

General Average Clause

EXCLUSIONS

3

In no case shall this insurance cover

General Exclusions

3.1

loss damage or expense attributable to wilful misconduct of the Assured

Clause

3.2

ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter insured

3.3

loss damage or expense caused by insufficiency or unsuitabili

范围

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