Our credit asked for a marine cargo insurance covering marine risks as per Institute Cargo Clauses (A)…
Marine cargo policy presented merely indicated coverage as per ICCA. Elsewhere on the face of the policy, there is a preprinted clause showing cover as per Institute Cargo Clause (Blank).
Is the doc acceptable?
Thank you.
ICCA
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melissachin
- Posts: 11
- Joined: Fri Apr 05, 2019 5:22 pm
ICCA
WHEN UNCERTAIN, FIND YOUR ANSWER FROM DATA CONTENT
As a document examiner, you should know the basic differences in ICC (not International Chamber of Commerce but Institute Cargo Clause this time) A, B and C.
Since the insurance document presented is an insurance policy, it must have terms and conditions of cover.
If you cannot verify this information from the title or other descriptions on its face, you may check the data content to find out.
HOW TO IDENTIFY ICC(A)?
If the "Risk Covered" section at the beginning of the terms and conditions reads "1 This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Clauses 4, 5 6 and 7 below", then it is obviously an ICC (A).
We are from http://www.tolee.com
[edited 9/27/02 11:35:57 PM]
As a document examiner, you should know the basic differences in ICC (not International Chamber of Commerce but Institute Cargo Clause this time) A, B and C.
Since the insurance document presented is an insurance policy, it must have terms and conditions of cover.
If you cannot verify this information from the title or other descriptions on its face, you may check the data content to find out.
HOW TO IDENTIFY ICC(A)?
If the "Risk Covered" section at the beginning of the terms and conditions reads "1 This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Clauses 4, 5 6 and 7 below", then it is obviously an ICC (A).
We are from http://www.tolee.com
[edited 9/27/02 11:35:57 PM]
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melissachin
- Posts: 11
- Joined: Fri Apr 05, 2019 5:22 pm
ICCA
Thank you, Mr Lee on your advice to check the data content.
Could I take the issue slightly further & ask if the same applies when one receives an insurance certificate issued under an open cover/policy?
Thank you.
Could I take the issue slightly further & ask if the same applies when one receives an insurance certificate issued under an open cover/policy?
Thank you.
ICCA
A certificate of insurance usually has no terms and conditions and you may have to use other means to check for the extent of cover.
To do your document examination task right, you must first be familiar with cargo insurance basics. Otherwise it is difficult if not impossible to ascertain compliance.
We are from http://www.tolee.com
[edited 9/27/02 11:34:44 PM]
To do your document examination task right, you must first be familiar with cargo insurance basics. Otherwise it is difficult if not impossible to ascertain compliance.
We are from http://www.tolee.com
[edited 9/27/02 11:34:44 PM]