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Section 3: Trading areas

  • Clause 15-9. Excluded and conditional trading areas

    In addition to Cl. 3-15 the following applies:
    The insurer may at any time designate new or change existing trading areas. He may in this connection decide that:

    • certain areas shall be designated as conditional areas. The ship may still sail in such areas, but subject to an additional premium.
    • certain areas shall be designated as excluded areas. Such areas fall outside the trading area of the insurance.
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    Clause 15-9. Excluded and conditional trading areas

    The provision starts with the general trading areas set out in Cl. 3-15 and is based on the assumption that they will also apply to war risks insurance. In addition, the provision opens the door to the war risk insurer being able to determine different trading areas at any time. This implies,...