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