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COMMON -MARINE  ABBREVIATIONS

R.O.D. = Rust, Oxidisation, Discoloration

M.E.E.D. = Mechanical, Electrical, Electric Derangement

C.S.D. = Chipping, Scratching, Denting

B/L = Bill of Lading

L/C = Letter of Credit

INCOTERMS

INSTITUTE CARGO CLAUSES

Set of terms for cargo insurance policies voluntarily adopted as standard terms by many international marine insurance organizations, including the Institute Of London Underwriters.
 

·         Institute Cargo Clauses (A) - Widest insurance cover provided 

[KNPDF-yx442120k]

·         Institute Cargo Clauses (B) - A more restrictive cover than the clause (A) above

[KNPDF-fi44213op]

·         Institute Cargo Clauses (C) - The most restrictive cover of the 3 clauses

[KNPDF-nl44214jf]