ABSTRACT

Containers are insured in the London Market by the Institute War and Strikes Clauses Containers—Time. Containers may also be insured on mutual terms, with cover that is similar to the Institute Clauses cover. The Institute insured perils and principal exclusions for containers are identical or similar in wording to the clauses used to cover ships and need little further separate comment. The Container Clauses end with a Schedule which consists of a series of boxes in which are entered details such as the type and size of the containers which are insured, their identification marks, their value, and the agreed Deductible. Clause 6.1 provides that the containers are insured only whilst on board an oversea vessel, (including whilst on deck) or on board an aircraft, within the sea and territorial limits specified in the Schedule. Where containers leave the agreed scope of the insurance, there is no held covered provision in the Container War and Strikes Clauses.