Section 5-7 - NordicPlan

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Section 5-7: Owner’s liability, etc. (P&I)

  • Clause 18-78. Scope of cover

    The insurer covers liability and expenses which are covered by the MOU's P&I insurance if the liability/expenses have been caused by a war peril as defined in Cl. 2-9 and/or as defined under the Pooling Agreement of the International Group of P&I Clubs as it read at the time this insurance contract was entered into. 

    If no P&I insurance against marine perils has been effected for the MOU, the insurer's liability under sub-clause 1 shall be determined as if the P&I insurance had been effected with Gard.

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    Clause 18-78. Scope of cover

    The Clause was new in 2016 and corresponds to Cl. 15-20 although somewhat simplified as P&I insurance for MOUs is not poolable within the International Group (IG) of P&I Clubs’ Pooling Agreement and thus not reinsured through the IG’s reinsurance arrangements.  Sub-clause 1 establishes that the...

  • Clause 18-79. Limitations to the cover

    If liability and expenses as mentioned in Cl. 18-78 are covered by another insurance, which the assured has effected, the cover under this Section is subsidiary in relation to that insurance, except for piracy risks. 

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    Clause 18-79. Limitations to the cover

    Sub-clause 1 establishes that as a basic rule the war risks insurer's cover under the war risks section is subsidiary in relation to any other insurance the assured may have effected. The effects for the assured and the insurer of the insurance being made subsidiary are set out in Cl. 2-6 and Cl....