For a number of years a sub-committee of the Cargo Committee at
AIMU has worked to amend the cargo clauses to update wordings and
make the forms more consistent with modern usage. The last time
AIMU published revised Cargo Clauses was in 1966.
some deliberation a decision was made to create four forms: All
Risk; Free from Particular Average - American Conditions; Free
from Particular Average - English Conditions; and With Average.
These forms are each identical to the other with the exception of
the terms of average that begin each form.
the proliferation of individual company forms over the years, it
is hoped that these clauses can help establish a standard form of
reference when referring to different types of basic cargo
coverage. The clauses may prove helpful in defining terms in
regard to coverage based on the consensus of leading underwriters
in the industry.
can be of use for all sectors of the marine industry, not only
underwriters, but insureds, financial institutions and the
brokerage community as well.