chapter  5
7 Pages

Occasional and additional clauses 78 79

ByA. Institute Malicious Damage Clause B. Institute Theft, Pilferage and Non-Delivery Clause

There is an interesting provision in Clause 8.3, which has been carried over from the previous version of the Timber Trade Federation Clauses (1/1/62). This is that each separate bill of lading may be deemed a separate insurance, if required by the assured. While this was relevant when the clauses were subject to an attainable franchise (as they were in the 1/1/62 form), it would not appear to be of any value to an assured under the current form, unless the insurance is specifically made subject either to an attainable franchise or to a deductible.