The Nordic Plan’s hull conditions are governed by the general rule in Cl. 2-8 which states that cover is against all risks subject to the few specific exceptions stated in Cl. 2-8. In addition, Chapter 12 governing damage under a H&M insurance contains some detailed exclusion in Cl. 12-3 to 12-5. The insurer has the burden of proving that an exception applies.
The ITCH is based on the named peril principle as set out in Cl. 6 and 7 and the MIA 1906 s. 55. This means that the insured will have the burden of proving that the loss is within one of the named perils.
Both sets of clauses will be subject to standard market exclusions such as the RACE clause.