Commentary

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Chapter 18: Insurance of mobile offshore units (MOUs)

Wherever used in the Clauses and these Commentaries, “MOU” includes all objects listed under Cl. 18-2.

  • Overview

    This Chapter was substantially amended in the 2013 Plan. In the 2016 Version a new Section 6 on construction risks was added, and Section 5 on war risks was expanded by incorporating all clauses from Chapter 15, amended as appropriate to fit war risks insurance for MOUs. In the 2016 Version, Cl. 18-1 was also amended by adding a new sub-clause 2 to letter (b) and a new no. (3) to letter (e) necessitating amendment also of sub-clause 2 of letter (e). Also letter (h) of Cl. 18-1 was amended in the 2016 Version. 

    By incorporating Chapters 10 – 14 and Chapter 16 in 2013 and in 2016 also Chapter 15 and adding a new Section 6 on construction risks, the purpose to let Chapter 18 provide all relevant clauses on each type of insurance was completed. There are no longer any cross references to any other parts of the Plan except to Part One, which according to the express provision of Cl. 18-1 also constitutes the “background law” for insurance of MOUs unless specifically amended by Cl. 18-1. This applies also for the new Section 6 on construction risks.

  • Section 1: General rules relating to the scope of the insurance

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    Section 1: General rules relating to the scope of the insurance

  • Section 2: Hull insurance

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    Section 2: Hull insurance

  • Section 3: Separate insurances against total loss

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    Section 3: Separate insurances against total loss

  • Section 4: Loss of hire insurance

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    Section 4: Loss of hire insurance

  • Section 5: War risks insurance

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    Section 5: War risks insurance

  • Section 6: Construction Risks Insurance

    Section 6 was new in 2016.

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    Section 6: Construction risks insurance