Chapter 17: Insurance for fishing vessels

General

Chapter 17 was fundamentally altered in the 2019 Version and updated in the 2023 Version with changes in Cl. 17-13, Cl. 17-22, and Cl. 17-34 to 37. The Chapter contains solely the rules relating to insurance of fishing vessels, and contains conditions for hull insurance (Sections 2 and 3), catch and equipment insurance (Sections 4 and 5) and loss of hire insurance for fishing vessels (Section 6). This Section is not applicable unless it has been explicitly agreed that the insurance is also to cover loss of hire. 

All the insurances under this Chapter are subject to the rules in part I of the Plan (Chapters 1 to 9).

The rules for other types of vessels with limited trading areas are singled out in a new Chapter 20. The same goes for the liability insurance, former Section 6 of this Chapter. This insurance is also singled out as a standalone cover in the new Chapter 21.

Section 1: General provisions

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Section 1: General provisions

The rules in this Chapter shall only apply to the extent that this follows from the insurance contract.

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Section 2: Hull insurance

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Section 2: Hull insurance

The rules in Chapters 10-13 shall apply together with the amendments that follow from Cl. 17-7A and Cl. 17-10 to Cl. 17-17.

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Section 3: Hull insurance – extended cover

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Section 3: Hull insurance – extended cover

Clause 17-18. Extended cover of damage to machinery The rules in Chapter 12, together with the amendments that follow from Cl. 17-14 and Cl. 17-15, shall apply to the cover…

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Section 4: Catch and equipment insurance – standard cover

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Section 4: Catch and equipment insurance – standard cover

The insurance covers:

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Section 5: Supplementary cover for nets and seines in the sea

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Section 5: Supplementary cover for nets and seines in the sea

The insurance covers drift nets and ring nets with necessary accessories which are in the sea and which belong to the assured. The insurance does not, however, cover sensors, etc.

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Section 6: Loss of hire insurance for fishing vessels

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Section 6: Loss of hire for fishing vessels

The provisions of Chapter 16 apply with the changes prescribed in Cl. 17-34 to Cl. 17-38.

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