ABSTRACT
In marine insurance, the insured risks on hulls and cargo may be divided into two broad categories, namely, marine risks and war and strikes risks. The term ‘marine risks’ is a handy expression commonly used to refer to any risks other than war and strikes risks. Marine risks may be further sub-divided into: • The traditional risks, such as perils of the seas, fire, theft, jettison, and piracy
insured under the old SG policy; together with other recent additions, which are not strictly speaking marine risks,1 they are now insured under cl 6.1 of the ITCH(95) and cl 4.1 of the IVCH(95); in relation to cargo, some of these perils are specially insured under the ICC (B) and (C), and are generally covered by the ICC (A) by reason of the policy being for all risks. This chapter examines the risks insured under cl 6.1 of the ITCH(95) and cl 4.1 of the IVCH(95); their counterparts in the ICC (B) and (C); and the scope of the ‘all risks’ cover of the ICC (A);
• Additional or special risks insured under cl 6.2 of the ITCH(95) and cl 4.2 of the IVCH(95), commonly referred to as The Inchmaree clause2 which was introduced as a result of the case of the same name;3 and
• The 3/4ths Collision Liability of cl 8 of the ITCH(95) and cl 6 of the IVCH(95) previously known as ‘the running down clause’.4
