Warehouse to warehouse cover. Marine insurance for goods covered the period from port-to-port without any cover during transit to the loading port.
The warehouse-to-warehouse cover was introduced in the late 19th century to cover the land transport. However, there was no time limit on the sea passage, nor on the journey to the loading port. In order to encourage the cargo owner to take delivery of the goods quickly a time limit was imposed after discharge. During the Second World War this time limit was found to be impractical and was extended to 60 days. The cover now became a transit clause and it included the warehouse-to-warehouse cover. In the Institute Cargo Clauses (1982) the clause provides that:
“This insurance attaches from the time the goods leave the warehouse or place of storage at the place named herein for the commencement of the transit, continues during the ordinary course of transit and terminates either :
-on delivery to the Consignees’ or other final warehouse or place of storage at the destination named herein;
-on delivery to any other warehouse or place of storage, whether prior to or at the destination named herein, which the Assured elect to use either
-for storage other than in the ordinary course of transit, or for allocation or distribution;
-on the expiry of 60 days after completion of discharge overside of the goods hereby insured from the overseas vessel at the final port of discharge, whichever shall first occur.”