Bulk Oil Clause, 01.02.1983

Along with most of the major risks that are covered under ICC (B), the bulk Oil Clauses also cover leakage of oil from connecting pipelines in loading, transshipment or discharge and also loss or contamination of oil caused by negligence of master, officers and crew in pumping cargo, ballast or fuel. Also contamination due to stress of weather is covered. Claim for leakage and shortage recoverable under the insured is subject to adjustment clause. Insurance attaches from the moment cargo leaves the tanks for loading onto vessel and time limit of delivery to the final point of delivery is 30 days only.

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