Features of Electronic Equipment Insurance Policy:
Institute Cargo Clause ‘A’: Protects you against All Risk of loss or damage to the Insured item(s) from warehouse to warehouse from the port of departure to port of destination.
Institute Cargo Clause ‘B’: Protects you against All Risk of loss or damage to the Insured item(s) from the port of loading to port of destination (except as specifically excluded from the policy) resulting from: Fire & Explosion, Vessel or craft being stranded, grounded, sunk or capsized, Overturning or derailment of land conveyance, Collision or contact of vessel, craft or conveyance with any external object other than water, Discharge of cargo at a port of distress, Earthquake, volcanic eruption or lightning, General average sacrifice and Jettison
Institute Cargo Clause ‘C’: Protects you against loss or damage to the insured item(s) from port of loading to port of destination (except as specifically excluded from the policy) resulting from: Fire & Explosion, Vessel or craft being stranded, grounded, sunk or capsized, Overturning or derailment of land conveyance, Collision or contact of vessel, craft or conveyance with any external object other than water, Discharge of cargo at a port of distress, General average sacrifice and Jettison.
Requirements