Cargo insurance conditions and clauses
Cargo insurance can be effected on different conditions by using various clauses. All the conditions have one thing in common; the goods can only be insured against unexpected, fortuitous losses. A loss which can be considered a certainty rather than an accident – such as normal wear and tear – cannot be insured against.
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IACS
A Member or Associate Member of the International Association of Classification Societies (IACS)