Define: Inchmaree Clause

– An Inchmaree Clause is a provision commonly found in marine insurance policies that covers damage or loss caused by machinery breakdown or defects on a ship.

– The Inchmaree Clause typically covers damage or loss resulting from breakdowns or defects in the ship’s machinery, including engines, boilers, turbines, and other mechanical equipment.

– No, the Inchmaree Clause generally does not cover damage caused by normal wear and tear. It specifically applies to damage resulting from machinery breakdown or defects.

– Yes, the Inchmaree Clause can be included in marine insurance policies, but it is not automatically included. It needs to be specifically added to the policy.

– Yes, the Inchmaree Clause can be applicable to all types of ships, including cargo vessels, tankers, passenger ships, and other marine vessels.

– Yes, the Inchmaree Clause can be invoked even if the machinery damage was caused by negligence, as long as it falls within the scope of the clause’s coverage.

– Yes, there may be limitations to the coverage provided by the Inchmaree Clause, such as exclusions for certain types of machinery or specific causes of damage. It is important to carefully review the policy to understand the extent of coverage.

– No, the Inchmaree Clause typically covers only the physical damage or loss caused by machinery breakdown, not the loss of income or business interruption resulting from it.

– Yes, the Inchmaree Clause can be invoked if the machinery damage was caused by a latent defect, as long as the defect was not known or discoverable at the time of the insurance contract.

– The Inchmaree Clause is a widely recognized provision in marine insurance, but its inclusion in a policy may vary. It is important to consult with an insurance professional or legal expert to ensure its presence and applicability in a specific policy.