Definitions for "Institute Cargo Clauses"
Keywords:  clauses, london, cargo, fpa, marine
Standard conditions of insurance cover for goods, established by the Institute of London Underwriters. This is also referred to as clauses A, B and C.
Standard insurance conditions for policies covering goods in transit overseas.
There are three basic sets of these clauses (A, B and C). The A clauses cover "all risks", subject to specified exclusions. The B and C clauses cover specified "risks", subject to specified exclusions.