I first learned of the Inchmaree clause when I met Howard Candage.
Howard is an expert in marine insurance and one of the best insurance people I know. Up to the time we met (2o something years ago), I knew next to nothing about marine insurance. Howard taught me a great deal.
The Inchmaree clause extends coverage to include losses caused by unseen defects in a ships hull, machinery, equipment, bursting of boilers, errors in navigation, negligence of its captain and crew.
The
Howard is an expert in marine insurance and one of the best insurance people I know. Up to the time we met (2o something years ago), I knew next to nothing about marine insurance. Howard taught me a great deal.
The Inchmaree clause extends coverage to include losses caused by unseen defects in a ships hull, machinery, equipment, bursting of boilers, errors in navigation, negligence of its captain and crew.
The
Inchmaree was a UK ship involved in the 1887 case Thames & Mersey Marine Insurance Co v. Hamilton, Fraser & Co. The court ruled that the peril of negligence was not a part of the ship's insurance policy.
The clause was developed after the court case so as to provide coverage.
The perils included in the Inchmaree clause are now a part of the "risks" sections of hull policies and are sometimes called, "other perils, losses or misfortunes."
Inchmaree is a small island in Scotland.
The clause was developed after the court case so as to provide coverage.
The perils included in the Inchmaree clause are now a part of the "risks" sections of hull policies and are sometimes called, "other perils, losses or misfortunes."
Inchmaree is a small island in Scotland.
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