„War Clause“
What does War Clause stand for?
A marine insurance provision excluding the liability of an insurer if a loss is caused by war or hostile action. Bills of Lading and charter parties may contain a “War Clause” giving the vessel options to maintain it’s safety in case of hostilities.
Source:
Insurance and Risk ManagementView all itemsChiu, Hungdah. “Marine Insurance: The Law and Practice”. Routledge, 2004.