Brief overview
Main differences between ITCH & the Nordic Plan
This is a limited overview of the most significant differences between CL 280 Institute Time Clauses Hulls 1983 (ITCH) and the Nordic Marine Insurance Plan 2013, Version 2019 (the Plan). Whereas the Plan contains a vast majority of regulation directly in its wording, the ITCH are typically subject to English law and jurisdiction and therefore significant interpretation has to be deducted from background law.
Constructive Total Loss - Trigger
Costs to minimize loss, GA, Sue and Labour