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What clauses would probably be attached to a typical hull and machinery policy obtained in London?

(1) The Institute Time Clauses – Hulls (1/10/83) or the International Hull Clauses (1/11/03); 

(2) the Institute Strike Clauses; (3) the Institute War and Strikes Clauses (Hulls – Time) or (Hulls – Voyage); and (4), if the 1983 ITCs are used, the Institute Warranties, also called Institute Warranty Limits). The shipowner instructs his broker as to what cover he requires, e. g. for 12 months, with strikes and war risks cover, and the broker agrees with the underwriters for the appropriate clauses to be attached to the policy. In a policy for a single voyage, the Institute Voyage Clauses would be used instead of Time Clauses.

 

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