All risks 14.2 Although the possibility of insuring ships against all risks is sometimes aired, the
practice continues to be to insure ships against speciﬁed individual risks. This also happens with the (B) and (C) clauses of the Institute Cargo Clauses. However, cargo is more commonly than not insured against ‘‘all risks’’. Thus, of the seven basic sets of Institute clauses, one, and one alone, provides for cover against all risks, namely, and appropriately, the Institute Cargo Clauses (A).