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- Title
INSTITUTE CARGO CLAUSES Nova revizija 2009.
- Authors
LOVRIĆ, IVANA
- Abstract
Institute Cargo Clauses, 2009 are amended Institute Cargo Clauses, 1982. The former clauses needed revision for several reasons: the emergence of new risks, the need of adapting the cargo insurance terms to changes in modern transportation system and the need to update the language and terminology thereof. The new Clauses indroduce a whole series of solutions that modernized those provided by Marine Insurance Act, 1906 and are presented as Clauses for the new millennium. The most significant changes brought by Institute Cargo Clauses, 2009 are those related to the insurance period clauses. The traditional "warehouse to warehouse" concept of the insurance period proved to be inappropriate for the contemporary needs and was thus replaced by the "from the shelf to unloading" concept of insurance. Insurance cover now includes loading and/or unloading operations inside the warehouse. The implemented changes to the insurance period clauses are undoubtedly in the interest of the insured and contribute to a successful international trade operation. New clauses may be assessed as enhanced in respect to the I.C.C., 1982. It is, therefore, expected that they will be adopted in the global and domestic insurance practices.
- Subjects
MARINE insurance -- Law &; legislation; MARINE insurance claims; MARINE insurance policies; CARGO handling; CLAUSES (Law)
- Publication
Comparative Maritime Law / Poredbeno Pomorsko Pravo, 2012, Vol 51, Issue 166, p335
- ISSN
1331-9914
- Publication type
Article