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Section 4: Catch and equipment insurance - standard cover

  • Clause 17-19. Objects insured

    The insurance covers:

    • catch which is on board the vessel as part of the fishing, whaling or sealing activities of the vessel. If a marketing co-operative has been advised, prior to a casualty, of the arrival of the catch and the catch has been directed to a specific place of discharge, transport surcharge is also covered,
    • fishing gear with accessories on board belonging to the assured,
    • stores, engine and deck accessories and other articles intended for consumption on board,
    • packing material and other equipment for preserving or securing the catch, and other equipment in connection with fishing, which are on board, when the objects or equipment are not covered by the ship's hull insurance under Cl. 10-1.
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    Clause 17-19. Objects insured

    The provision states the objects and interests covered by the insurance. Sub-clause (a), first sentence , concerns the catch. By catch is meant the quantity taken on board the assured’s own vessel at sea. It is irrelevant whether it was caught by the relevant vessels itself or bought from others ...

  • Clause 17-20. Insurable value

    Unless otherwise agreed, the insurable value of the catch is market price at the place of loading at the time of loading, with the addition of any transport surcharge as mentioned in Cl. 17-19 (a).

    The insurable value of objects mentioned in Cl. 17-19 (b), (c) and (d) represents the replacement cost of the object at the inception of the insurance.

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    Clause 17-20. Insurable value

    The provision states the value of the interests covered by the insurance based on certain “objective” criteria. Sub-clause 1 regulates the insurable value of the catch, while sub-clause 2 determines the insurable value of the other objects which are insurable under an insurance of catch and...

  • Clause 17-21. Extraordinary handling costs

    The insurer covers extraordinary costs in connection with the discharge, removal and destruction of a damaged catch up to an amount equivalent to the sum insured.

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    Clause 17-21. Extraordinary handling costs

    The need for this cover is linked to the problems that arose in winter 1998/99 when a number of fishing vessels proved to have been infected with salmonella due to the fact that the ice used to preserve fish on board was infected with the bacteria. In addition, there is the fact that the...

  • Clause 17-22. Excluded perils/Ref. Clause 2-8

    In addition to Cl. 2-8 the following shall apply:
    The insurer does not cover losses caused by:

    • the properties or condition of the catch when taken on board,
    • inadequate packaging or preservation of the catch,
    • normal shrinkage of the catch,
    • excessive temperature of refrigerated or frozen catch, unless the ship's thermo-machinery has been out of service as a result of a casualty.
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    Clause 17-22. Excluded perils/Ref. Clause 2-8

    The provision states limitations to the perils covered by the insurance, and must be seen in conjunction with the provisions in Cl. 2-8 to Cl. 2-10. According to Cl. 2-8 an insurance against marine perils covers any peril to which the interest is exposed, with the exception of the perils stated i...

  • Clause 17-23. Deck cargo

    For objects on deck the insurer does not cover losses resulting from:

    • precipitation or seawater,
    • dirt or sparks which do not cause a fire,
    • impact caused by shifting,
    • the catch being washed overboard,
    • leakage from other objects on board.
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    Clause 17-23. Deck cargo

    The provision entails that further restrictions are made in the perils covered for deck cargo. In sub-clause (b) the term “dirt” first and foremost covers pollution from the ship’s own exhaust system.

  • Clause 17-24. Total loss

    A total loss has occurred if the objects insured:

    • been destroyed,
    • have been withheld from the assured without any possibility of his recovering them,
    • stated in Cl. 17-19 (b) are so extensively damaged that the loss constitutes 100 % of their value,
    • stated in Cl. 17-19 (a), (c) and (d) are so extensively damaged that the loss amounts to at least 90 % of their value.


    In the event of a total loss, the insurer covers the sum insured of the objects in question, but not in excess of the insurable value. No deduction shall be made from the compensation for any damage occurring during the insurance period, whether or not such damage is covered by the insurance.

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    Clause 17-24. Total loss

    The provision concerns all objects insured under the catch and equipment insurance, i.e. both the catch and the accessories, cf. the introductory words of the provision. Sub-clause 1 defines when a total loss has occurred, and is taken from the Norwegian Cargo Clauses Cl. 35, sub-clause 1. Under...

  • Clause 17-25. Damage to or loss of catch

    If a catch, cf. Cl. 17-19 (a), is damaged or lost without the rules in Cl. 17-24 being applicable, the insurer shall cover the percentage of the insurable value which corresponds to the final reduction of the value of the catch (the damage percentage).

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    Clause 17-25. Damage to or loss of catch

    Due to the renumbering of the Clauses of Chapter 17 in the 2010 version, the number of the Clause was changed from 17-26 to 17-25. The provision regulates the claims settlement where catch is damaged or lost without the rules relating to total loss in Cl. 17-24 becoming applicable. Because there ...

  • Clause 17-26. Damage to other objects

    If objects stated in Cl. 17-19 (b), (c) and (d) have been damaged, the insurer may require that the damage be repaired subject to his paying the costs of repairs as and when they are incurred. Repairs may not be required if they result in an unreasonable loss or disadvantage for the assured.

    If the insurer does not, or cannot, require that the damage be repaired, or if repairs are not complete, the insurer will cover the percentage of the insurable value of the objects damaged which is equivalent to the final reduction of their value (the damage percentage).

    In the event of damage to or loss of an object which consists of several parts, the insurer will only cover the costs of repairing or replacing the part which is damaged or lost. This shall apply even if it is of vital importance that the object is complete.

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    Clause 17-26. Damage to other objects

    The provision regulates settlement in the event of damage to fishing gear, accessories and equipment insured according to Cl. 17-19 (b), (c) and (d). Sub-clause 1 is taken from the Norwegian Cargo Clauses Cl. 37, sub-clause 1, and establishes that the insurer is always entitled to demand that...

  • Clause 17-27. Survey of damage

    Cl. 12-10 shall apply correspondingly to insurance in accordance with this Section.

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    Clause 17-27. Survey of damage

    Insurance of catch and equipment is not subject to the rules in Chapter 12. It is therefore necessary to have a reference to Cl. 12-10 in order to have authority to carry out a survey of damage.

  • Clause 17-28. Deductible

    For any one casualty the amount stated in the insurance contract shall be deducted.

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    Clause 17-28. Deductible

    The deductible applies to damage, total loss and loss arising from measures to avert or minimise loss.