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Comparison of AIMU
Clauses Between 1966 and 2004 |
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2004 CLAUSES |
New |
1966 CLAUSES |
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TERMS |
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American Conditions (FPAAC) |
X |
Not Addressed |
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English Conditions (FPAEC) |
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same wording |
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With Average (WA) |
X |
Not Addressed |
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All Risk (A/R) |
X |
Not Addressed |
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CAUSES OF LOSS |
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Basic Perils |
X |
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Institute FPA Warranties |
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Vessel |
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same wording |
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"On Deck" Vessel |
X |
Not Addressed |
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Aircraft |
X |
Not Addressed |
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ADDITIONAL PERILS |
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Shore Perils |
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same wording |
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Packages Totally Lost |
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same wording |
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Inchmaree |
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same wording |
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Explosion |
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same wording |
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Pollution Hazard/ |
X |
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Deliberate Damage |
X |
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ADDITIONAL COVERAGES |
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General Average & |
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different wording |
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Salvage Charges |
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different wording |
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Brands & Trademarks |
X |
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Landing, Warehousing & |
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different wording |
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Forwarding Charges |
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different wording |
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"Both to Blame" |
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same wording |
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Sue & Labor Charges |
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called 'Duty of Assured' Clause |
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Craft/ Lighter |
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same wording |
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EXCLUSIONS |
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Basic Exclusions |
X |
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Paramount Warranties |
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F.C.& S. Warranty |
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same wording |
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S.R.&C.C. Warranty |
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same wording |
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Delay Warranty |
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same wording |
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Nuclear/Radioactive Contamination |
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Exclusion Warranty |
X |
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ADDITIONAL CLAUSES |
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Seaworthiness |
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same wording |
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Carrier Clause |
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same wording |
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Economic & Trade Sanctions |
X |
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DURATION OF RISK |
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Transit Clause |
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Warehouse to Warehouse |
interruption of transit |
same intent |
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Shipments returned or refused |
X |
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Consolidation/deconsolidation |
X |
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LOSS ADJUSTMENT CLAUSE |
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Constructive Total Loss |
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same wording |
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Partial Loss |
X |
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General Average |
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same wording * Prior mention in 2003 clauses is vague |
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Machinery Clause |
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same wording |
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Labels Clause |
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same wording |
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Brands & Trademarks |
X |
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Subrogation |
payment allows Company to subrogate |
Duty of Assured' required subrogation be protected |
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Notice of Loss |
X |
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Payment of Loss |
X |
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Notice of Suit |
X |
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Choice of Law |
X |
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OPERATING CLAUSES |
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Report of Shipments |
X |
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Inspection of Records |
X |
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Special Cargo Policies |
X |
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Other Insurance |
X |
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