inchmaree clause

inchmaree clause: \\ˈinchməˌrē-\ noun
Usage: usually capitalized I

Etymology: after Inchmaree, British steamer; from its formulation as a result of the sinking of the Inchmaree in Liverpool harbor March, 1884

: a clause in a marine insurance policy on the hull of a ship that assuming the owners and managers of the ship have exercised due diligence makes the underwriter liable for loss or damage to hull or machinery arising from the negligence of the master, charterers, mariners, engineers or pilots from explosions, bursting of boilers, breakage of shafts, or any latent defect in hull and machinery, from contact with aircraft or land conveyances, or from any accident at docking facilities (as when loading or unloading or entering a dry dock)

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Inchmaree clause — Inch·ma·ree clause / inch mə rē / n [after Inchmaree, a British steamer whose 1884 sinking in Liverpool harbor resulted in its formulation]: a clause in a marine insurance policy that covers damage or loss caused by the negligence of a vessel s… … Law dictionary
Inchmaree Clause — marine insurance clause introduced in 1887 to insure against damages from hidden defect in the vessel s hull or machinery and covers losses caused by crew negligence (named after a ship named Inchmaree ) … English contemporary dictionary
Inchmaree Clause — A clause of a marine insurance policy, covering loss of, or damage to, the hull or machinery, through the negligence of master, mariners, engineers or pilots, or through explosions, bursting of boilers, or breaking of shafts, or through any… … Ballentine's law dictionary
inchmaree clause — In marine insurance, provision in policy protecting one from perils resulting from negligence of master, or from any latent defect in machinery or hull, charterer, mariners, engineers and pilots … Black's law dictionary
inchmaree clause — In marine insurance, provision in policy protecting one from perils resulting from negligence of master, or from any latent defect in machinery or hull, charterer, mariners, engineers and pilots … Black's law dictionary

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