Clause 20-15. Insurance “against total loss only” (T.L.O.)
If the insurance is effected “against total loss only”, the insurer is liable for total loss in accordance with the rules in Chapter 11.
Clause 20-16. Insurance “against total loss and general average contribution only”
If the insurance is effected “against total loss and general average contribution only”, the insurer is liable for:
- total loss in accordance with the rules in Chapter 11,
- general average contributions and loss arising from assumed general average, cf. Cl. 4-7, Cl. 4-8, Cl. 4-9 and Cl. 4-11.
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Clause 20-16. Insurance “against total loss and general average contribution only”
This Clause is identical to Cl. 10-6 and new for Chapter 20 in the 2023 Version.
Clause 20-17. Insurance “against total loss, general average contribution and collision liability only”
If the insurance is effected “against total loss, general average contribution and collision liability only”, the insurer is liable for:
- total loss in accordance with the rules in Chapter 11,
- general average contribution and loss arising from assumed general average, cf. Cl. 4-7, Cl. 4-8, Cl. 4-9 and Cl. 4-11,
- liability to third parties in accordance with the rules in Chapter 13.
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Clause 20-17. Insurance “against total loss, general average contribution and collision liability only”
This Clause is identical to Cl. 10-7 and new for Chapter 20 in the 2023 Version.
Clause 20-18. Insurance “on stranding terms”
If the insurance is effected “on stranding terms”, the insurer is liable for:
- total loss in accordance with the rules in Chapter 11,
- general average contribution and loss arising from assumed general average, cf. Cl. 4-7, Cl. 4-8, Cl. 4-9 and Cl. 4-11,
- liability to third parties in accordance with the rules in Chapter 13,
- damage to the vessel which is a result of:
- the vessel having run aground under such circumstances that it has to be refloated whether by assistance or its own power,
- the vessel having capsized in such a manner that the masts are in the water or it is bottom up,
- the vessel having collided with another vessel or with an iceberg,
- a fire or an explosion, with the exception of damage caused in spaces containing machinery or battery packs by a fire or explosion originating there.
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Clause 20-18. Insurance “on stranding terms”
This Clause was moved from previous Cl. 20-16 and amended in Version 2023 to be identical to Cl. 10-8.
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Clause 20-15. Insurance "against total loss only" (T.L.O.)
This Clause is identical to Cl. 10-5.