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Institutional Cargo Clause A

Posted: Mon Jul 13, 2020 10:47 am
by Bankerman
HI ,

While we do insurance with Institutional Cargo clause A for the coverage, are the SRCC and TPND included on this or they are separate clauses with added premium.
Does the Strike clause cargo include SRCC, as most of the time we say its not included and the beneficiary bank claims its included.

Can anyone please clarify please.

Re: Institutional Cargo Clause A

Posted: Sat Aug 08, 2020 10:28 am
by picant
Hi Pal,

if the l/c requires SRCC, War Risks and Theft Pilferage and No Delivery clauses it is better to have
evidence of them in the insurance documents. Bank clerks may have not a deep knowledge of other
industries.
Other comments appreciated
Ciao