• Cargo
  1. Cargo Insurance
  2. Info Required for Cargo Quotation
  3. Cargo Enquiry Form
  4. Policy Summaries
  5. Policy Wordings & Documentation
  6. ICC (A) - All Links
  7. Cover List (B) and (C)
  8. Exclusion List
  9. Transportation Hazards
  10. Vessels & Containers
  11. Cargoes - Packing and Packaging Table
• Freight Liability
  1. Freight Liability Insurance
  2. Information Required for underwriters
  3. Policy Wordings & Documentation
  4. Freight Liability Factfinder
  5. Hauliers Enquiry Form
  6. Condtions of Carriage
  7. Definition of Theft Attractive Goods
  8. Geographical Limits
• Commercial Hull & Liabilities
  1. Types of Risk
  2. Commercial Hull & Liability Risks
  3. Proposal Forms
• War
  1. War Risks Cover
  2. Comparison with A Clauses
  3. War Risks - Duration of Cover
• Claims
  1. Cargo Claims Process
  2. Freight Liability Claims Process
  3. Major Causes of Damage
• Loss Prevention
  1. Loss Prevention
  2. Cargoes Requiring Special Concideration
• Useful Information
  1. Terms of Sale - Incoterms 2000
  2. Glossary of Transport Terms
     1. A-F
     2. G-L
     3. M-R
     4. S-Z
  3. Mini Glossary of Cargo Terms
  4. Definition of Terms
  5. Frequently Asked Questions
  6. Certificate and Registration Online
  7. Restrictive Legislation
     1. A-F
     2. G-L
     3. M-R
     4. S-Z
• Topical Information
  1. Your Freight
  2. Cargo Relaunch with Cargo - Explained For You
  3. War in Iraq
  4. Stowaways
  5. September 11th
  6. Euros
  7. Piracy
  8. NUI's Position on Marine Cargo Policies
• About NUI Marine
  1. Why Choose NUI Cargo
  2. Centre Addresses
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Home > Useful Information

Definition of Terms

General Average

There is a general average act when, and only when, any extraordinary sacrifice or expenditure is intentionally and reasonably made or incurred for the common safety and to preserve from peril the property involved in a common marine adventure.

The following are general average essentials:

• The whole adventure must be in peril
• The peril must be factual and imminent
• The act must be intentional and voluntary
• The act must be for the purpose of preserving the whole of the interests in the adventure from total loss
• The sacrifice or expenditure must be extraordinary in nature
• Only losses directly consequential on the act are general average

What is excluded from ICC (A) (B) and (C)?

• Wilful misconduct of the Insured
• Ordinary leakages, loss in weight or volume, wear and tear
• Insufficiency or unsuitability of packing
• Inherent vice
• Delay
• Insolvency / Financial default of the vessels, owners, managers, operators etc.
• Deliberate damage (not excluded in 'A' clauses)
• Nuclear weapons
• Unseaworthiness of any vessel, craft etc.. if the insured is aware of such unseaworthiness
• War risks *
• Strikes risks *

Cover is provided under the Institute War Clauses and Institute Strikes Clauses

Incoterms

Pre-prepared standard conditions used in international sale of goods which set out responsibilities and obligations of the buyer and the seller which should be incorporated into the contract of sale.

ISO

ISO stands for International Standards Organisation. All containers, the container handling equipment and the road trailers specifically designed to carry them are all built to ISO standards.

Strikes Cover

The Institute Strikes Clauses Cargo provide cover for physical loss or damage to the goods caused by persons taking part in strikes, riots, civil commotion and terrorism. These risks are not covered by any other Institute Clauses. Coverage is limited to physical loss or damage to the goods directly caused by the strikers etc.

There is no cover for a loss arising indirectly from the strikers actions, e.g. fall in value of the goods or a loss of market due to delays caused by the strike, or expenses such as additional warehousing costs or forwar

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