Marine Hull covers against
loss or damage to hull and machinery
and liability arising from collision
of the vessel with another vessel.
The hull is the structure of
the vessel whereas machinery
is the equipment that generates
the power to move the vessel
and control the lighting and
temperature system such as boiler,
engine, cooler and electricity
generator.
The Institute Time Clauses
These are the main clauses and
most important in Marine Hull
policies. Time Clauses covers
for a specific period usually
12 months. As the nature and
degree of risks which the Insurer
run vary according to the kind
of vessel, there exist a number
of categories in the Time Clauses.
They are:-
|
Institute
Time Clauses (Hull) |
|
Institute Time Clauses
(FPA) |
 |
Institute Time Clauses
(Total Loss Only) |
|
