chapter  9
9 Pages

Institute Fishing Vessel Clauses

Prior to the on-going standardisation of policy forms which began in 1982, fishing vessels were customarily insured in the UK market upon the Trawler All Risks Clauses. As their title indicates, these clauses were generally considered to provide the kind of cover required by the UK fishing fleets, and there are those who genuinely regret their demise. The new form, which was introduced in 1987, retains certain of the important concessions which are of benefit to the owners of fishing vessels, while at the same time incorporating many of the standard terms which have already been reviewed in our consideration of the Institute Time Clauses, Hulls (see pages 87-161).