Clause 17-58. Total loss/applies instead of Clause 16-2

Cl. 17-58 reads:

The insurer is not liable for loss of time resulting from a casualty that gives the assured the right to compensation for total loss under Chapter 11 with Cl. 11-3, sub-clause 2, amended pursuant to Cl. 17-11 or under the corresponding conditions in the hull insurance that apply to the ship pursuant to Cl. 17-57, second sentence.


This Clause is very similar to Cl. 16-2, but with the important amendment that follows from Cl. 17-11 that the threshold for condemnation has been set at 90 % instead of 80% as in Cl. 11-3, sub-clause 2.