Institute warranties ?

45
FOLLOW

Where the Institute Warranties (sometimes called the Institute Trading Warranties)  are attached to a Hull and Machinery insurance policy, the vessel is not permitted to trade in any of the high ice-risk areas listed,
i.e. beyond Institute Warranty Limits. Any venture into an excluded area will be a breach of warranty which should be immediately notified to the insurer (via the owner) so that amended terms may be agreed.