Comparison Chart of Following Form
Excess Marine Liabilities Clauses
November 1977 vs January 2002
Change | November 3, 1977 | January 1, 2002 |
Form Title |
Excess Marine Liabilities Clauses |
Following Form Excess Marine Liabilities Clauses |
Coverage Sections |
Did not contain specific reference to Excess Charterer's Legal Liability, Excess Wharfinger's and/or Safe Berth Liability |
Two Sections added: |
Limit of Liability |
Contained within the General Conditions as Clause 10. |
Added as separate Section |
Coverage Descriptions |
Did not contain specific reference to Excess Charterer's Legal Liablility, Excess Wharfinger's and/or Safe Berth Liability |
Two Sections added: |
General Condition Regarding Underlying Insurance |
Clause 6 - Underlying Insurer's insolvency not mentioned. |
Clause 7 - Insolvency clause added to read "In the event there is no recovery available to the Assured under the Primary Policies, whether as a result of the bankruptcy or insolvency of the underlying insurers or otherwise, the coverage hereunder shall nontheless apply only in excess of the applicable Limit of Liablility specified in the Primary Policies." |
General Condition Regarding Cancellation |
Clause 9 - Provides for fifteen (15) days notice of cancellation |
Clause 10 - Provides for thirty (30) days notice of cancellation with a provision for ten (10) days notice of cancellation in the event of non-payment of premium thirty (30) days after attachment or of any addtional premium due. |
Schedule of Insurances |
Contained the word Underlying |
The word Underlying was deleted and all references in the form were amended to reflect this. |