Clause 19-28. Perils insured
The insurance covers war perils, cf. Cl. 2-9, with the exception of strikes and lockouts.
Clause 19-29. Insurance period
The insurer’s liability attaches when the subject-matter insured has been launched.
However, for machinery, components and materials liability does not attach until they have been placed on board the launched subject-matter insured.
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Clause 19-29. Insurance period
Sub-clause 1 states that the insurance does not attach until the subject-matter insured has been launched. While the subject-matter insured is on land it thus has no war risk cover. The limitation has to do with the fact that it is not until after the subject-matter insured has been launched…
Clause 19-30. Other applicable provisions
The rules in Chapter 19, Sections 1 to 4, shall apply correspondingly to this insurance.
The insurance is also subject to Cl. 15-5, Cl. 15-6 and Cl. 15-8.
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Clause 19-30. Other applicable provisions
Sub-clause 1 states that the provisions in Sections 1 to 4 shall apply to the war risks insurance. The war risks insurance thus partly covers hull insurance, partly damage and costs recoverable under Section 3, and partly liability insurance for the yard under Section 4.
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Clause 19-28. Perils insured
The range of perils insured under the builders’ risks insurance contract has been reduced as regards war perils, cf. Cl. 19-1. The main rule is that only marine perils are covered by the insurance. Cl. 19-1 refers to Cl. 2-8, which means that the distinction between marine perils and war…