Institute Cargo Clauses 'C' (ICC 'C') (Minimum Risk)

• Fire & explosion
• Vessel or craft being stranded, grounded, sunk or capsized.
• Overturning or derailment of the conveyance
• Collision or contact of vessel, craft or conveyance with any external object other than water.
• Discharge of cargo at a port of distress
• General average sacrifice
• Jettison

Can be added on payment of extra premium to ICC (C)

• Non-delivery (ND)
• Theft, Pilferage and/or Non-delivery (TPND)

Institute Cargo Clauses 'B' (ICC 'B') (Moderate Risks) Provides cover under ICC (C)

Additional risks:

• Earthquake, volcanic eruption or lightning.
• Washing overboard.
• Entry of sea, lake or river water into vessel.
• Total loss of any package lost overboard or dropped whilst loading or unloading from vessel.

Can be added on payment of extra premium to ICC (B)

• Non-Delivery (ND).
• Theft, pilferage and/or non-delivery (TPND).
• Hooks, holding, brusting, tearing, leakage, loss of contents caused by damaged to containers.
• Fresh rain water damage, extraneous substance, heating.
• Breakage & scratching, splitting.

Institute Cargo Clauses ‘A1 (ICC 'A' (All Risks except exclusion))

It covers all damage or loss during transit in consequences of any peril other than the following:

• Willful misconduct of the assured.
• Ordinary leakage, ordinary losses in weight or volume or ordinary wear and tear.
• Insufficient or unsuitability of packing or preparation of the subject matter insured.
• Inherent vice or nature of the subject matter insured
• Loss damage or expense proximately caused by delay.
• Insolvency or financial default of carrier.
• Deliberate damage to or deliberate destruction of the subject matter insured.
• Loss arising from nuclear weapons.
• Loss damage or expenses arising from the use of any weapon of war employing atomic or unclear fission and/ or fusion or other like reaction or radioactive force or matter.