Further to revisions of other clauses, the Joint Cargo Committee has now drafted a new set of Bulk Oil Clauses and Storage Clauses which, following broker consultation, are available for immediate use, as appropriate.
CL433 Institute Bulk Oil Clauses/All Risks + Guaranteed Outturn 01/08/2019
CL434 Institute Bulk Oil Clauses – All Risks 01/08/2019
CL435 Liquid Cargo Storage Extension Clause 01/08/2019
CL436 Liquid Cargo Storage Extension Clause 01/08/2019
(Including 45 Day Misappropriation)
It should be noted that these clauses are purely illustrative and different policy terms and conditions may be agreed.
The Clauses are attached and are available on the Lloyd’s Wordings Repository.
