- Cargo claims — Loss of cargo and damages — Documents — Contracts and insurance
This chapter describes cargo insurance documents and the functions that they perform. In contracts for the international sale and carriage of goods, the goods to be carried may need to be insured against damage or loss for the period of the carriage. The insurance usually covers the whole period of transit even if a portion of it takes place by methods other than sea carriage. The agreement between the parties to the contract of sale will usually determine who between them is responsible for insuring the goods. Many cargo insurance contracts are made subject to English law and practice under the Joint Cargo Committee (JCC) Institute Cargo Clauses (ICCs). English law on marine insurance is to be found enshrined in the Marine Insurance Act 1906. In the US, where marine insurance law remains uncodified, English law is referred to in deciding disputes.
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