CHARTERERS' LIABILITY INSURANCE / PART II / Section B / Clause 1

CHARTERERS’ BUNKERS LIMITED CONDITIONS

Based on Institute Bulk Oil Clauses 1/2/83 (CL.273)

This insurance is to indemnify the Assured in respect of loss of or damage to bunkers belonging to the Assured on board the Chartered Ship on the following terms:

1.1 Institute Bulk Oil Clauses 1/2/83 (CL. 273) Clause 2 deleted;

1.2 Institute Malicious Damage Clause 1/8/82 (CL. 266) the term ‘In consideration of an additional premium,’ deleted;

1.3 Average not to apply

1.4 In the event of actual total loss of the Chartered Ship and bunkers, the sum payable shall be the value of bunkers on the Chartered Ship when leaving the last port of call.