Institute Cargo Clauses

Institute Cargo Clauses are standard terms used in marine insurance to define the coverage provided for cargo during transit. They outline what risks are covered, such as loss or damage due to accidents, weather, or theft, and specify any exclusions, such as inherent product defects. There are three main types: Clauses A (comprehensive coverage), B (limited coverage), and C (basic coverage). Understanding these clauses is crucial for shippers and receivers to ensure that their goods are adequately insured against potential losses while being transported by sea.