Friday, 9 June 2017

TRANSIT EXTENSION CLAUSE (CARGO – NON STANDARD CLAUSES)

Notwithstanding the limitations of the ‘Duration’ Clause of the Institute Cargo Clauses and Institute Strikes Clauses, Insurer hereon agree to hold covered at an additional premium to be agreed, any interest failing to arrive at consignee’s warehouse within the 60 days period in normal course of transit after completion of discharge from the overseas vessel due to circumstances beyond control of the Insured subject to notification of such delay at the earliest possible moment.
In respect of inland transit &/or storage cover, it absolutely exclude terrorism cover.

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TRANSIT EXTENSION CLAUSE (CARGO – NON STANDARD CLAUSES)
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Oleh