Institute Cargo Clauses were developed as a means of insurance for cargo while it is being shipped from the original location to its final destination.
It sets a worldwide standard on what is covered when you purchase a Cargo Insurance.
Loss or Damage Caused by
Both to Blame Collision
Fire or explosion
Overturning or derailment of land conveyance
Collision or contact of vessel, craft or conveyance with any external object other than water
Discharge of cargo at a port of distress
General average sacrifice
Earthquake, volcanic eruption or lightning
Entry of sea, lake or river water into vessel, craft, hold, conveyance, container, liftvan or place of storage
Total Loss of any package lost overboard or dropped whilst loading onto, or unloading from,vessel of craft
Theft or Pilferage
Contamination (own damage)