Charges are payable in addition to losses payable under marine, ocean transit polices. Forwarding charges : This clause provides for payment of extra charges of expenses reasonably incurred in (i) unloading (ii) storing, and (iii) forwarding the cargo to destination when the insured transit is terminated short of destination, that is, at an intermediate port due to the operation of insured peril. But of an excluded risk operates, these charges are not payable. Nor are any such charges payable of arising from the fault, negligence, insolvency or financial default of the insured or their servants. Salvage charges : These charges are remuneration paid to third parties who voluntarily and independently of contract render services to save maritime property at sea which is in danger. The savage charges are paid by, and out of saved property, i.e., ship, cargo, etc. Thus, cargo-owners’ share of salvage charges is payable under marine cargo policies, provided the charges were incurred in preventing a loss covered by the Policy. Sue and labour charges : These are charges incurred before destination to avoid or minimize a loss payable under the Policy. For example, expenses on reconditioning goods at an intermediate port, incurred after an insured peril has occurred. These are payable in addition to loss payable under the Policy. Survey Fees : the practice of marine Insurance is that the survey report is given to the insured for which he has to pay the survey fees to the surveyor appointed by the Company. These then form an additional item in the claim bill. If the claim is payable under the Policy the survey fees are reimbursed in addition, otherwise not.Charges of Insurance : The assured has an Insurance interest in the charges of any Insurance which he may effect.

Policy donated to a charity. The charity can borrow against the policy’s cash value, surrender the policy for the cash value, or convert it from a group to an individual policy. The donor recieves a tax deduction.

Aircraft available for hire under a special contract.

Boat or Ship available for hire under a special contract.

Ad Hoc Charter : A one-off charter operated at the necessity of Charterer Demise Charter (Bare Boat Charter) : Here, only the ship without floating personnel, fuel. etc. is chartered on time charter basis. The charter has to equip the ship with floating personnel, fuel and other necessaries and operate the ship. Normally, a ship-owner or prospective ship-owner may prefer this method. Time Charter : The ships chartered for a specific period time. e.g. from 1st January to 21st December. Charterer may employ the ship in voyage according to his requirements. Voyage Charter : Ships are chartered for a specific voyage, etc. Normally traders prefer to go in for voyage charter.Charter Party : The contract between the owner of a ship and the individual or company chartering it. Among other specifications, the contract usually stipulated the exact obligations of the ship-owner (loading the goods, carrying the goods to a certain point, returning to the chartered with other goods, etc.); or it provides for an outright leasing of the vessel to the charterer, who then is responsible for his own loading and delivery. In either case, the charter party sets forth the exact conditions and requirements agreed upon by both sides.