ITCH vs Nordic Plan
  • Clause 1: Navigation

    Full comparison will follow in due course.

  • Clause 2: Continuation

    “Should the vessel at the expiration of this insurance be at sea or in distress or at a port of refuge or of call, she shall, provided previous notice be given to the Underwriters, be held covered at a pro rata monthly premium to her port of destination.” The clause gives the Assured an option to...
    Read More
  • Clause 3: Breach of Warranty

    Full comparison will follow in due course.

  • Clause 4: Termination

    This Clause 4 shall prevail notwithstanding any provision whether written typed or printed in this insurance inconsistent therewith. Unless the Underwriters agree to the contrary in writing, this insurance shall terminate automatically at the time of 4.1 change of the Classification Society of th...
    Read More
  • Clause 5: Assignment

    Full comparison will follow in due course.

  • Clause 6: Perils

    Full comparison will follow in due course.

  • Clause 7: Pollution Hazard

    Full comparison will follow in due course.

  • Clause 8: 3/4ths Collision Liability

    Full comparison will follow in due course.

  • Clause 9: Sistership

    Full comparison will follow in due course.

  • Clause 10: Notice of Claim and Tenders

    Full comparison will follow in due course.

  • Clause 11: General Average and Salvage

    Full comparison will follow in due course.

  • Clause 12: Deductible

    Full comparison will follow in due course.

  • Clause 13: Duty of Assured (Sue and Labour)

    Full comparison will follow in due course.

  • Clause 14: New for Old

    “Claims payable without deduction new for old.” A contract of marine insurance is a contract of indemnity and as such, underwriters will not be liable for costs of betterment to the vessel, ref MIA section 1 . When the vessel is damaged through the operation of insured perils and new parts replac...
    Read More
  • Clause 15: Bottom Treatment

    Clause 15: Bottom Treatment   “In no case shall a claim be allowed in respect of scraping gritblasting and/or other surface preparation or painting of the Vessel’s bottom except that 15.1     gritblasting and/or other surface preparation of new bottom plates ashore and supplying and applying any...
    Read More
  • Clause 16: Wages and Maintenance

    Clause 16: Wages and Maintenance “No claim shall be allowed, other than in general average, for wages and maintenance of the Master, Officers and Crew, or any member thereof, except when incurred solely for the necessary removal of the vessel from one port to another for the repair of damage...
    Read More
  • Clause 17: Agency Commission

    Full comparison will follow in due course.

  • Clause 18: Unrepaired Damage

    Full comparison will follow in due course.

  • Clause 19: Constructive Total Loss

    “19.1    In ascertaining whether the vessel is a constructive total loss, the insured value shall be taken as the repaired value and nothing in respect of the damaged or break-up value of the vessel or wreck shall be taken into account. 19.2     No claim for constructive total loss based upon the...
    Read More
  • Clause 20: Freight Waiver

      “In the event of total or constructive total loss no claim to be made by the Underwriters for freight whether notice of abandonment has been given or not.” In English law the insurer has a right to take over the subject matter insured where there has been a valid notice of abandonment. MIA...
    Read More
  • Clause 21: Disbursement Warranty

    Full comparison will follow in due course.

  • Clause 22: Returns for Lay-up and Cancellation

    Full comparison will follow in due course.

  • Clause 23: War Exclusion

    Full comparison will follow in due course.

  • Clause 24: Strikes Exclusion

    Full comparison will follow in due course.

  • Clause 25: Malicious Acts Exclusion

    Full comparison will follow in due course.

  • Clause 26: Nuclear Exclusion

    Full comparison will follow in due course.

For further information, contact:

Viggo Thomas Kristensen
Phone: +47 23 08 65 54
E-mail: