Clause 18-8. Total loss
This Clause was new in the 2013 Plan and is verbatim the same as Cl. 11-1. Reference is made to the Commentary to Cl. 11-1.
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Clause 18-8. Total loss
The assured may claim compensation for a total loss if the MOU is lost without there being any prospect of it being recovered, or if the MOU is so badly damaged that it cannot be repaired.
Clause 18-9. Salvage attempts
This Clause was new in the 2013 Plan and is verbatim the same as Cl. 11-2. Reference is made to the Commentary to Cl. 11-2.
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Clause 18-9. Salvage attempts
The insurer is entitled to attempt to salvage the MOU at its own expense and risk. The assured shall in that event do its utmost to enable the insurer to carry out the salvage operation.
Clause 18-10. Condemnation
This Clause was new in the 2013 Plan and is verbatim the same as Cl. 11-3. Reference is made to the Commentary to Cl. 11-3.
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Clause 18-10. Condemnation
The assured may claim compensation for a total loss if the conditions for condemnation of the MOU are met.
Clause 18-11. Condemnation in the event of a combination of perils
This Clause was new in the 2013 Plan and is verbatim the same as Cl. 11-4. Reference is made to the Commentary to Cl. 11-4.
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Clause 18-11. Condemnation in the event of a combination of perils
If the casualty which gives rise to the condemnation is also caused by perils not covered by the insurance, the compensation shall be reduced correspondingly, cf. Cl. 2-13, Cl. 2-14 and Cl. 2-16.
Clause 18-12. Request for condemnation
This Clause was new in the 2013 Plan and is verbatim the same as Cl. 11-5. Reference is made to the Commentary to Cl. 11-5.
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Clause 18-12. Request for condemnation
If the assured wishes the MOU to be condemned, the assured must submit a request to the insurer without undue delay after the MOU has been salvaged and it has had an opportunity to survey the damage. This request may be withdrawn as long as it has not been accepted…
Clause 18-13. Removal of the MOU
This Clause was new in the 2013 Plan and is verbatim the same as Cl. 11-6. Reference is made to the Commentary to Cl. 11-6.
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Clause 18-13. Removal of the MOU
If the assured has requested a condemnation of the MOU, the insurer may demand its removal to a place where the damage may be properly surveyed. The demand must be made without undue delay after the MOU has been salvaged.
Clause 18-14. Missing or abandoned MOU
This Clause was new in the 2013 Plan and is verbatim the same as Cl. 11-7 apart from that the words “at the latest, expected to arrive in port” is replaced by the words “last heard of” as the starting point of the three months period. Reference is made to the Commentary to Cl. 11-7.
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Clause 18-14. Missing or abandoned MOU
If the MOU is reported missing, the assured may claim for a total loss when three months have elapsed from the date on which the MOU was last heard of. If the MOU is reported missing under circumstances that give reason to assume that it is icebound and will subsequently…
Clause 18-15. Extension of the insurance when the MOU is missing or abandoned
This Clause was new in the 2013 Plan and is verbatim the same as Cl. 11-8. Reference is made to the Commentary to Cl. 11-8.
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Clause 18-15. Extension of the insurance when the MOU is missing or abandoned
If upon expiry of the insurance period a situation exists as referred to in Cl. 18-14 and the MOU is subsequently recovered without the assured being entitled to claim for a total loss, the insurance is extended until the MOU has arrived and is secured at a safe location. If…
Clause 18-16. Liability of the insurer during the period of clarification
This Clause was new in the 2013 Plan and is verbatim the same as Cl. 11-9. Reference is made to the Commentary to Cl. 11-9.
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Clause 18-16. Liability of the insurer during the period of clarification
If the assured is entitled to claim for a total loss in accordance with Cl. 18-9, sub-clause 2, Cl. 18-10 and Cl. 18-14, an insurer who is not liable for the total loss shall not be liable for new casualties occurring after the casualty that resulted in a total loss.