Commentary

• Part One: Rules common to all types of insurance
  • Chapter 1: Introductory provisions
    • General
    • Clause 1-1. Definitions
    • Clause 1-2. Policy
    • Clause 1-3. Contracts entered into through a broker
    • Clause 1-4A. Jurisdiction and choice of law
    • Clause 1-4B. Arbitration Clause
    • Clause 1-5. Insurance period
  • Chapter 2: General rules relating to the scope of the insurance
    • Section 1: Insurable interest and insurable value
      • General
      • Clause 2-1. Insurance unrelated to any interest
      • Clause 2-2. Insurable value
      • Clause 2-3. Agreed insurable value
      • Clause 2-4. Under-insurance
      • Clause 2-5. Over-insurance
      • Clause 2-6. Liability of the insurer when the interest is also insured with another insurer
      • Clause 2-7. Recourse between the insurers where the interest is insured with two or more insurers
    • Section 2: Perils insured against, causation and loss
      • General
      • Clause 2-8. Perils covered by an insurance against marine perils
      • Clause 2-9. Perils covered by an insurance against war perils
      • Clause 2-10. Perils insured against when no agreement has been made as to what perils are covered by the insurance
      • Clause 2-11. Causation. Incidence of loss
      • Clause 2-12. Main rule relating to the burden of proof
      • Clause 2-13. Combination of perils
      • Clause 2-14. Combination of marine and war perils
      • Clause 2-15. Losses deemed to be caused entirely by war perils
      • Clause 2-16. Loss attributable either to marine or war perils
      • Clause 2-17. Sanction limitation and exclusion
  • Chapter 3: Duties of the person effecting the insurance and of the assured
    • General remarks
    • Section 1: Duty of disclosure of the person effecting the insurance
      • Clause 3-1. Scope of the duty of disclosure
      • Clause 3-2. Fraudulent misrepresentation
      • Clause 3-3. Other failure to fulfil the duty of disclosure
      • Clause 3-4. Innocent breach of the duty of disclosure
      • Clause 3-5. Cases where the insurer may not invoke breach of the duty of disclosure
      • Clause 3-6. Duty of the insurer to give notice
      • Clause 3-7. Right of the insurer to obtain particulars from the vessel's classification society, etc.
    • Section 2: Alteration of the risk
      • Clause 3-8. Alteration of the risk
      • Clause 3-9. Alteration of the risk caused or agreed to by the assured
      • Clause 3-10. Right of the insurer to cancel the insurance
      • Clause 3-11. Duty of the assured to give notice
      • Clause 3-12. Cases where the insurer may not invoke alteration of the risk
      • Clause 3-13. Duty of the insurer to give notice
      • Clause 3-14. Loss of the main class
      • Clause 3-15. Trading areas
      • Clause 3-16. Illegal undertakings
      • Clause 3-17. Suspension of insurance in the event of requisition
      • Clause 3-18. Notification of requisition
      • Clause 3-19. Suspension of insurance while the vessel is temporarily seized
      • Clause 3-20. Removal of the vessel to a repair yard
      • Clause 3-21. Change of ownership
    • Section 3: Safety regulations
      • Clause 3-22. Safety regulations
      • Clause 3-23. Right of the insurer to demand a survey of the vessel
      • Clause 3-24. (open)
      • Clause 3-25. Breach of safety regulations
      • Clause 3-26. Vessels laid up
      • Clause 3-27. Right of the insurer to cancel the insurance
      • Clause 3-28. Terms of contract
    • Section 4: Measures to avert or minimise loss, etc.
      • Clause 3-29. Duty of the assured to notify the insurer of a casualty
      • Clause 3-30. Duty of the assured to avert and minimise loss
      • Clause 3-31. Consequences of the insured neglecting its duties
    • Section 5: Casualties caused intentionally or negligently by the assured
      • Clause 3-32. Intent
      • Clause 3-33. Gross negligence
      • Clause 3-34. Right of the insurer to cancel the insurance
      • Clause 3-35. Circumstances precluding the application of Clauses 3-32 to Clause 3-34
    • Section 6. Identification
      • General remarks
      • Clause 3-36. Identification of the assured with its servants
      • Clause 3-37. Identification of two or more assureds with each other and of the assured with a co-owner
      • Clause 3-38. Identification of the assured with the person effecting the insurance
  • Chapter 4: Liability of the insurer
    • General
    • Section 1: General rules relating to the liability of the insurer
      • Clause 4-1. Total loss
      • Clause 4-2. General financial loss and loss resulting from delay
      • Clause 4-3. Costs of providing security, etc.
      • Clause 4-4. Costs of litigation
      • Clause 4-5. Costs in connection with a claim
      • Clause 4-6. Costs in connection with measures relating to several interests
    • Section 2: Costs of measures to avert or minimise the loss, including salvage awards and general average
      • General
      • Clause 4-7. Compensation of the costs of measures to avert or minimise loss
      • Clause 4-8. General average
      • Clause 4-9. General average apportionment where the interests belong to the same person
      • Clause 4-10. Damage to and loss of the object insured
      • Clause 4-11. Assumed general average
      • Clause 4-12. Costs of particular measures taken to avert or minimise loss
    • Section 3: Liability of the assured to third parties
      • Clause 4-13. Main rule
      • Clause 4-14. Cross liabilities
      • Clause 4-15. Unusual or prohibited terms of contract
      • Clause 4-16. Objects belonging to the assured
      • Clause 4-17. Determination of the liability of the assured
    • Section 4: The sum insured as the limit of the liability of the insurer
      • Clause 4-18. Main rule
      • Clause 4-19. Liability in excess of the sum insured
      • Clause 4-20. Limit of liability where loss is caused by a combination of perils
      • Clause 4-21. Right of the insurer to avoid further liability by payment of the sum insured
  • Chapter 5: Settlement of claims
    • Section 1: Claims adjustment, interest, payments on account, etc.
      • Clause 5-1. Duty of the assured to provide information and documents
      • Clause 5-2. Claims adjustment
      • Clause 5-3. Rates of exchange
      • Clause 5-4. Interest on the compensation
      • Clause 5-5. Disputes concerning the adjustment of the claim
      • Clause 5-6. Due date
      • Clause 5-7. Duty of the insurer to make a payment on account
      • Clause 5-8. Payment on account when there is a dispute as to which insurer is liable for the loss
    • Section 2: Liability of the assured to third parties
      • Clause 5-9. Duties of the assured when a claim for damages covered by the insurance is brought against the assured
      • Clause 5-10. Right of the insurer to take over the handling of the claim
      • Clause 5-11. Decisions concerning legal proceedings or appeals
      • Clause 5-12. Provision of security
    • Section 3: Claims by the assured for damages against third parties
      • Clause 5-13. Right of subrogation of the insurer to claims by the assured for damages against third parties
      • Clause 5-14. Waiver of claim for damages
      • Clause 5-15. Duty of the assured to assist the insurer with information and documents
      • Clause 5-16. Duty of the assured to maintain and safeguard the claim
      • Clause 5-17. Decisions concerning legal proceedings or appeals
      • Clause 5-18. Salvage award which entails compensation for loss covered by the insurer
    • Section 4: Right of the insurer to take over the object insured upon payment of a claim
      • Clause 5-19. Right of the insurer to take over the object insured
      • Clause 5-20. Charges on the object insured
      • Clause 5-21. Preservation of the object insured
      • Clause 5-22. Right of subrogation of the insurer in respect of damage to the object insured
    • Section 5: Limitation, etc.
      • General
      • Clause 5-23. Time-limit for notification of a casualty
      • Clause 5-24. Limitation
      • Clause 5-25. Rules regarding claims notice and limitation for insurance contracts subject to Finnish law and jurisdiction
  • Chapter 6: Premium
    • General
    • Clause 6-1. Payment of premium
    • Clause 6-2. Right of the insurer to cancel the insurance in the event of non-payment of premium
    • Clause 6-3. Premium in the event of total loss
    • Clause 6-4. Additional premium when the insurance is extended
    • Clause 6-5. Reduction of premium
    • Clause 6-6. Reduction of premium when the vessel is laid up or in similar situations
    • Clause 6-7. Claim for a reduction of premium
  • Chapter 7: Co-insurance of mortgagees
    • General
    • Clause 7-1. Rights of a mortgagee against the insurer
    • Clause 7-2. Amendments and cancellation of the insurance
    • Clause 7-3. Handling of claims, claims adjustments, etc.
    • Clause 7-4. Payment of compensation
  • Chapter 8: Co-insurance of third parties
    • General
    • Clause 8-1. Rights of third parties against the insurer
    • Clause 8-2. Protection of third parties against subrogation claims from the insurer
    • Clause 8-3. Application of the rules in Chapter 3 and Clause 5-1
    • Clause 8-4. Amendments and cancellation of the insurance contract
    • Clause 8-5. Handling of claims, claims adjustment, etc.
    • Clause 8-6. Other insurance
    • Clause 8-7. Independent co-insurance of mortgagees or named third parties
  • Chapter 9: Relations between the claims leader and co-insurers
    • General
    • Clause 9-1. Definitions
    • Clause 9-2. The right of the claims leader to act on behalf of the co-insurers
    • Clause 9-3. Lay-up plan
    • Clause 9-4. Notification of a casualty
    • Clause 9-5. Salvage
    • Clause 9-6. Removal and repairs
    • Clause 9-7. Provision of security
    • Clause 9-8. Disputes with third parties
    • Clause 9-9. Claims adjustment
    • Clause 9-10. Insolvency of a co-insurer
    • Clause 9-11. Interest on the disbursements of the claims leader
• Part Two: Hull insurance
  • Chapter 10: General rules relating to the scope of the hull insurance
    • Clause 10-1. Objects insured
    • Clause 10-2. Objects, etc. temporarily removed from the vessel
    • Clause 10-3. Loss due to ordinary use
    • Clause 10-4. Insurance "on full conditions"
    • Clause 10-5. Insurance “against total loss only” (T.L.O.)
    • Clause 10-6. Insurance “against total loss and general average contribution only”
    • Clause 10-7. Insurance “against total loss, general average contribution and collision liability only”
    • Clause 10-8. Insurance "on stranding terms"
    • Clause 10-9. Duration of voyage insurance
    • Clause 10-10. Extension of the insurance
    • Clause 10-11. Liability of the insurer if the vessel is salvaged by the assured
    • Clause 10-12. Reduction of liability in consequence of an interest insurance
  • Chapter 11: Total loss
    • Clause 11-1. Total loss
    • Clause 11-2. Salvage attempts
    • Clause 11-3. Condemnation
    • Clause 11-4. Condemnation in the event of a combination of perils
    • Clause 11-5. Request for condemnation
    • Clause 11-6. Removal of the vessel
    • Clause 11-7. Missing or abandoned vessel
    • Clause 11-8. Extension of the insurance when the vessel is missing or abandoned
    • Clause 11-9. Liability of the insurer during the period of clarification
  • Chapter 12: Damage
    • General
    • Clause 12-1. Main rule concerning liability of the insurer
    • Clause 12-2. Compensation for unrepaired damage
    • Clause 12-3. Inadequate maintenance, etc.
    • Clause 12-4. Error in design, etc.
    • Clause 12-5. Losses that are not recoverable
    • Clause 12-6. Deferred repairs
    • Clause 12-7. Temporary repairs
    • Clause 12-8. Costs incurred in expediting repairs
    • Clause 12-9. Repairs of a vessel that is condemnable
    • Clause 12-10. Survey of damage
    • Clause 12-11. Invitations to tender
    • Clause 12-12. Choice of repair yard
    • Clause 12-13. Removal of the vessel
    • Clause 12-14. Apportionment of common expenses
    • Clause 12-15. Ice damage deductions
    • Clause 12-16. Machinery damage deductions
    • Clause 12-17. Compensation without deductions
    • Clause 12-18. Deductible
    • Clause 12-19. Basis for calculation of deductions according to Clauses 12-15 to 12-18 and Clause 3-15
  • Chapter 13: Liability of the assured arising from collision or striking
    • General
    • Clause 13-1. Scope of liability of the insurer
    • Clause 13-2. Limitation of liability based on tonnage or value of more than one vessel
    • Clause 13-3. Maximum liability of the insurer in respect of any one casualty
    • Clause 13-4. Deductible
• Part Three: Other insurances for ocean-going vessels
  • Chapter 14: Separate insurances against total loss
    • General
    • Clause 14-1. Insurance against total loss and excess collision liability (hull interest insurance)
    • Clause 14-2. Insurance against loss of long-term freight income (freight interest insurance)
    • Clause 14-3. Common rules for separate insurances against total loss
    • Clause 14-4. Limitations on the right to effect separate insurances against total loss
  • Chapter 15: War risks insurance
    • General
    • Section 1: General rules relating to the scope of war risks insurance
      • Clause 15-1. Perils covered
      • Clause 15-2. Interests insured
      • Clause 15-3. Sum insured
      • Clause 15-4. Safety regulations
    • Section 2: Termination of the insurance
      • Clause 15-5. War between the major powers
      • Clause 15-6. Use of nuclear arms for war purposes
      • Clause 15-7. Bareboat chartering
      • Clause 15-8. Cancellation
    • Section 3: Trading areas
      • Clause 15-9. Excluded and conditional trading areas
    • Section 4: Total loss
      • Clause 15-10. Relationship to Chapter 11
      • Clause 15-11. Intervention by a foreign State power, piracy
      • Clause 15-12. Blocking and trapping
      • Clause 15-13. Restrictions imposed by the insurer
    • Section 5: Damage
      • Clause 15-14. Relationship to Chapter 12
      • Clause 15-15. Deductible
    • Section 6: Loss of hire
      • Clause 15-16. Relationship to Chapter 16
      • Clause 15-17. Loss in connection with a call at a visitation port, a temporary stay, etc.
      • Clause 15-18. Loss caused by orders issued by the insurer
      • Clause 15-19. Choice of repair yard
    • Section 7: Owner’s liability, etc. (P&I)
      • Clause 15-20. Scope of cover
      • Clause 15-21. (deleted)
      • Clause 15-22. Limitations to the cover
    • Section 8: Occupational injury insurance, etc.
      • Clause 15-23. Scope of cover
  • Chapter 16: Loss of hire insurance
    • General
    • Clause 16-1. Main rules regarding the liability of the insurer
    • Clause 16-2. Total loss
    • Clause 16-3. Main rule for calculating compensation
    • Clause 16-4. Calculation of the loss of time
    • Clause 16-5. The daily amount
    • Clause 16-6. Agreed daily amount
    • Clause 16-7. Deductible period
    • Clause 16-8. Survey of damage
    • Clause 16-9. Choice of repair yard
    • Clause 16-10. Removal to the repair yard, etc.
    • Clause 16-11. Extra costs incurred in order to avert or minimise loss
    • Clause 16-12. Simultaneous repairs
    • Clause 16-13. Loss of time after completion of repairs
    • Clause 16-14. Repairs carried out after expiry of the insurance period
    • Clause 16-15. Liability of the insurer when the vessel is transferred to a new owner
    • Clause 16-16. Relationship to other insurances and general average
• Part Four: Other insurances
  • Chapter 17: Insurance for fishing vessels
    • General
    • Section 1: General provisions
      • Clause 17-1. Scope of application
      • Clause 17-2. Renewal of the insurance/Ref. Clause 1-5
      • Clause 17-3. Trading areas for fishing vessels/Ref. Clause 3-15
      • Clause 17-4. Classification and vessel inspection/Ref. Clause 3-14 and Clause 3-8
      • Clause 17-5. Safety regulations/Ref. Clause 3-22 and Clause 3-25
      • Clause 17-6. Savings to the assured
    • Section 2: Hull insurance
      • General
      • Clause 17-7. The relationship to Chapters 10-13
      • Clause 17-7A. Fixed equipment temporarily removed from the vessel
      • Clause 17-8. Change of the open or agreed insurable value/Ref. Clause 2-2 and Clause 2-3
      • Clause 17-9. Damage to lifeboats, fishing, whaling and sealing tackle and catch/Ref. Clause 4-7 to Clause 4-12 and Clause 4-16
      • Clause 17-10. Hull and freight-interest insurance/Ref. Clause 10-12
      • Clause 17-11. Condemnation/Ref. Clause 11-3
      • Clause 17-12. Damage to the hull of vessels which are not built of steel/Ref. Clause 12-1
      • Clause 17-13. Limited cover of damage to machinery
      • Clause 17-14. Costs incurred in saving time/Ref. Clause 12-7, Clause 12-8, Clause 12-11 and Clause 12-12
      • Clause 17-15. Deductions/Ref. Clause 12-15, Clause 12-16 and Clause 12-18
      • Clause 17-16. Collision liability for fishing vessels/Ref. Clause 13-1
      • Clause 17-17. Collision liability/Ref. Clause 13-1
    • Section 3: Hull insurance - extended cover
      • Clause 17-18. Extended cover of damage to machinery
    • Section 4: Catch and equipment insurance - standard cover
      • General
      • Clause 17-19. Objects insured
      • Clause 17-20. Insurable value
      • Clause 17-21. Extraordinary handling costs
      • Clause 17-22. Excluded perils/Ref. Clause 2-8
      • Clause 17-23. Deck cargo
      • Clause 17-24. Total loss
      • Clause 17-25. Damage to or loss of catch
      • Clause 17-26. Damage to other objects
      • Clause 17-27. Survey of damage
      • Clause 17-28. Deductible
    • Section 5: Supplementary cover for nets and seines in the sea
      • General
      • Clause 17-29. Objects insured
      • Clause 17-30. Excluded perils/Ref. Clause 2-8
      • Clause 17-31. Deductible
      • Clause 17-32. Duties of the assured in the event of a casualty/Ref. Clause 3-29
    • Section 6: Loss of hire insurance for fishing vessels
      • General comments
      • Clause 17-33. Relationship to Chapter 16
      • Clause 17-34. Liability of the insurer/applies instead of Clause 16-1
      • Clause 17-35. Total loss/applies instead of Clause 16-2
      • Clause 17-36. Calculation of compensation for fishing vessels/Ref. Clause 16-3
      • Clause 17-37. The daily amount for fishing vessels/applies instead of Clause 16-5
      • Clause 17-38. Agreed daily amount for fishing vessels/applies instead of Clause 16-6
  • Chapter 18: Insurance of mobile offshore units (MOUs)
    • Overview
    • Section 1: General rules relating to the scope of the insurance
      • Clause 18-1. Scope of application and applicable rules
    • Section 2: Hull insurance
      • Section 2-1: General rules relating to the scope of the H&M insurance
        • Clause 18-2. Objects insured
        • Clause 18-3. Objects temporarily removed or separated etc. from the MOU
        • Clause 18-4. Loss due to ordinary use
        • Clause 18-5. Extension of the insurance
        • Clause 18-6. Liability of the insurer if the MOU is salvaged by the assured
        • Clause 18-7. Reduction of liability in consequence of an interest insurance
      • Section 2-2: Total loss
        • Clause 18-8. Total loss
        • Clause 18-9. Salvage attempts
        • Clause 18-10. Condemnation
        • Clause 18-11. Condemnation in the event of a combination of perils
        • Clause 18-12. Request for condemnation
        • Clause 18-13. Removal of the MOU
        • Clause 18-14. Missing or abandoned MOU
        • Clause 18-15. Extension of the insurance when the MOU is missing or abandoned
        • Clause 18-16. Liability of the insurer during the period of clarification
      • Section 2-3: Damage
        • General
        • Clause 18-17. Main rule concerning liability of the insurer
        • Clause 18-18. Compensation for unrepaired damage
        • Clause 18-19. Inadequate maintenance
        • Clause 18-20. Error in design, etc.
        • Clause 18-21. Losses that are not recoverable
        • Clause 18-22. Damage to the drill string
        • Clause 18-23. Deferred repairs
        • Clause 18-24. Temporary repairs
        • Clause 18-25. Costs incurred in expediting repairs
        • Clause 18-26. Repairs of an MOU that is condemnable
        • Clause 18-27. Survey of damage
        • Clause 18-28. Invitations to tender
        • Clause 18-29. Choice of repairers
        • Clause 18-30. Removal for repairs
        • Clause 18-31. Apportionment of common expenses
        • Clause 18-32. Ice damage deductions
        • Clause 18-33. Deductible
        • Clause 18-34. Basis for calculation of deductions according to Clauses 18-32, 18-33 and 3-15
      • Section 2-4: Liability of the assured arising from collision or striking
        • Clause 18-35. Scope of liability of the insurer
        • Clause 18-36. Limitation of liability based on tonnage or value of more than one MOU
        • Clause 18-37. Maximum liability of the insurer in respect of any one casualty
        • Clause 18-38. Deductible
    • Section 3: Separate insurances against total loss
      • Clause 18-39. Insurance against total loss and excess collision liability (hull interest insurance)
      • Clause 18-40. Insurance against loss of long-term freight income (freight interest insurance)
      • Clause 18-41. Common rules for separate insurances against total loss
      • Clause 18-42. Limitations on the right to insure separately against total loss
    • Section 4: Loss of hire insurance
      • Clause 18-43. Main rules regarding the liability of the insurer
      • Clause 18-44. Total loss
      • Clause 18-45. Main rule for calculating compensation
      • Clause 18-46. Calculation of the loss of time
      • Clause 18-47. The daily amount
      • Clause 18-48. Agreed daily amount
      • Clause 18-49. Deductible period
      • Clause 18-50. Survey of damage
      • Clause 18-51. Choice of repairer
      • Clause 18-52. Move to the repair location, etc.
      • Clause 18-53. Extra costs incurred in order to avert or minimise loss
      • Clause 18-54. Simultaneous works
      • Clause 18-55. Loss of time after completion of repairs
      • Clause 18-56. Repairs carried out after expiry of the insurance period
      • Clause 18-57. Liability of the insurer when the MOU is transferred to a new owner
      • Clause 18-58. Relationship to other insurances and general average
    • Section 5: War risks insurance
      • Section 5-1: General rules relating to the scope of war risks insurance
        • Clause 18-59. Perils covered
        • Clause 18-60. Interests insured
        • Clause 18-61. Sum insured
        • Clause 18-62. Safety regulations
      • Section 5-2: Termination of the insurance
        • Clause 18-63. War between the major powers
        • Clause 18-64. Use of nuclear arms for war purposes
        • Clause 18-65. Bareboat chartering
        • Clause 18-66. Cancellation
      • Section 5-3: Areas of operation
        • Clause 18-67. Excluded and conditional areas
      • Section 5-4: Total loss
        • Clause 18-68. Relationship to Section 2-2 above
        • Clause 18-69. Intervention by a foreign State power, piracy
        • Clause 18-70. Blocking and trapping
        • Clause 18-71. Restrictions imposed by the insurer
      • Section 5-5: Damage
        • Clause 18-72. Relationship to Section 2-3 above
        • Clause 18-73. Deductible
      • Section 5-6: Loss of hire
        • Clause 18-74. Relationship to Section 4 above
        • Clause 18-75. Loss in connection with a call at a visitation port, a temporary stay, etc.
        • Clause 18-76. Loss caused by orders issued by the insurer
        • Clause 18-77. Choice of repairer
      • Section 5-7: Owner’s liability, etc. (P&I)
        • Clause 18-78. Scope of cover
        • Clause 18-79. Limitations to the cover
      • Section 5-8: Occupational injury insurance, etc.
        • Clause 18-80. Scope of cover
    • Section 6: Construction risks insurance
      • Section 6-1: General rules relating to the scope of construction risks insurance
        • Clause 18-81. Scope of application
        • Clause 18-82. Insurance period/Ref. Clause 1-5
        • Clause 18-83. Place of insurance – project locations
        • Clause 18-84. Escalation
        • Clause 18-85. Deductible
        • Clause 18-86. Premium in the event of total loss
      • Section 6-2: Loss of or damage to the MOU
        • Clause 18-87. Objects insured/Ref Clause 18-2
        • Clause 18-88. Insurable value
        • Clause 18-89. Compensation in the event of a total loss/Ref. Clause 4-1
        • Clause 18-90. Total Loss/Ref. Section 2-2
        • Clause 18-91. Damage/Ref. Section 2-3
        • Clause 18-92. Error in design, etc.
        • Clause 18-93. Costs incurred in order to save time/Ref. Clauses 18-24, 18-28 and 18-29
      • Section 6-3: Supplementary covers
        • Clause 18-94. Applicable rules
        • Clause 18-95. Additional costs arising from unsuccessful launching
        • Clause 18-96. Costs of removal of wreck and debris
        • Clause 18-97. Liability of the assured arising from collision or striking
        • Clause 18-98. Liability insurance
        • Clause 18-99. Delay in delivery
  • Chapter 19: Builders’ risks insurance
    • General
    • Section 1: Common provisions
      • Clause 19-1. Perils covered/Ref. Clause 2-8, cf. Clause 2-10
      • Clause 19-2. Insurance period/Ref. Clause 1-5
      • Clause 19-2A. Premium in the event of total loss
      • Clause 19-3. Co-insurance/Ref. Clause 8-1
      • Clause 19-4. Transfer of the building contract/Ref. Clause 3-21
      • Clause 19-5. Place of insurance
      • Clause 19-6. The sum insured as the limit of the liability of the insurer/Ref. Clause 4-18 and Clause 4-19
      • Clause 19-7. Escalation of the sum insured
      • Clause 19-8. Deductible
    • Section 2: Loss of or damage to the subject-matter insured
      • Clause 19-9. Objects insured/Ref. Clause 10-1
      • Clause 19-10. Insurable value
      • Clause 19-11. Total loss in the event of condemnation
      • Clause 19-12. Total loss where the yard’s obligation to deliver no longer applies
      • Clause 19-13. Compensation in the event of a total loss/Ref. Clause 4-1
      • Clause 19-14. Damage/Ref. Chapter 12
      • Clause 19-15. Limitation of the insurer’s liability/Ref. Clause 12-1
      • Clause 19-16. Compensation for unrepaired damage/Ref. Clause 12-2
      • Clause 19-17. Costs incurred in order to save time/Ref. Clause 12-7, Clause 12-11 and Clause 12-12
    • Section 3: Indemnification of additional costs incurred in an unsuccessful launching and costs of wreck removal
      • Clause 19-18. Additional costs incurred in an unsuccessful launching
      • Clause 19-19. Costs of wreck removal
    • Section 4: Liability insurance
      • Clause 19-20. Scope of the liability insurance
      • Clause 19-21. Limitations on the liability insurance
    • Section 5: Supplementary covers
      • Clause 19-22. Applicable rules
      • Clause 19-23. Insurance of additional costs in connection with rebuilding and/or building of a new subject-matter insured
      • Clause 19-24. Insurance of the yard’s liability for the buyer’s interest claim for instalments paid
      • Clause 19-25. Insurance of the yard’s loss of interest in the event of late delivery
      • Clause 19-26. Insurance of the yard’s daily penalties in the event of late delivery
      • Clause 19-27. Towage and removal of the subject-matter insured
    • Section 6: Supplementary cover for war risks
      • Clause 19-28. Perils insured
      • Clause 19-29. Insurance period
      • Clause 19-30. Other applicable provisions
  • Chapter 20: Insurance for vessels with trading certificates
    • General
    • Section 1: Common provisions
      • Clause 20-1. Scope of application
      • Clause 20-2. Renewal of the insurance/Ref. Clause 1-5
      • Clause 20-3. Classification and vessel inspection/Ref. Clause 3-14 and Clause 3-8
      • Clause 20-4. Safety regulations/Ref. Clause 3-22 and Clause 3-25
      • Clause 20-5. Savings to the assured
    • Section 2: Hull insurance
      • General
      • Clause 20-6. The relationship to Chapters 10-13
      • Clause 20-7. Hull and freight-interest insurance/Ref. Clause 10-12
      • Clause 20-8. Condemnation/Ref. Clause 11-3
      • Clause 20-9. Damage to the hull of vessels which are not built of steel/Ref. Clause 12-1
      • Clause 20-10. Limited cover of damage to machinery
      • Clause 20-11. Costs incurred in saving time/Ref. Clause 12-7, Clause 12-8, Clause 12-11 and Clause 12-12
      • Clause 20-12. Deductions/Ref. Clause 12-15, Clause 12-16 and Clause 12-18
      • Clause 20-13. Collision liability/Ref. Clause 13-1
    • Section 3: Hull insurance - extended cover
      • Clause 20-14. Extended cover of damage to machinery
    • Section 4: Hull insurance - limited cover
      • Clause 20-15. Insurance "against total loss only" (T.L.O.)
      • Clause 20-16. Insurance “against total loss and general average contribution only”
      • Clause 20-17. Insurance “against total loss, general average contribution and collision liability only”
      • Clause 20-18. Insurance “on stranding terms”
  • Chapter 21: Liability insurance
    • Clause 21-1. Scope of application
    • Clause 21-2. Renewal of the insurance/Ref. Clause 1-5
    • Clause 21-3. Classification and vessel inspection/Ref. Clause 3-14 and Clause 3-8
    • Clause 21-4. Savings to the assured
    • Clause 21-5. Perils covered
    • Clause 21-6. Liability for personal injury
    • Clause 21-7. Liability for property damage
    • Clause 21-8. Liability for description
    • Clause 21-9. Liability for the misdelivery of goods
    • Clause 21-10. General average contributions
    • Clause 21-11. Liability for removal of wrecks
    • Clause 21-12. Liability for special salvage compensation
    • Clause 21-13. Liability for bunker oil pollution damage and damage to the environment
    • Clause 21-14. Stowaways
    • Clause 21-15. Liability for fines, etc.
    • Clause 21-16. Liability for social benefits for the crew
    • Clause 21-17. Travel expenses for replacement crew
    • Clause 21-18. Expenses for disinfection and quarantine
    • Clause 21-19. Limitation due to other insurance, etc.
    • Clause 21-20. Safety regulations/Ref. Clause 3-22 and Clause 3-25
    • Clause 21-21. Assured's fault
    • Clause 21-22. The insurer's rights in the event of liability
    • Clause 21-23. Liability for loss that occurred during other transport, etc.
    • Clause 21-24. Limitation of liability for fishing vessels
    • Clause 21-25. Limitation of the insurer's liability for measures to avert or minimise loss
    • Clause 21-26. The sum insured as a limit to the insurer's liability
    • Clause 21-27. Deductible
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