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Institute Cargo Clauses (A), (B), (C) ICC (A)(B)(C)
The standard cargo insurance conditions drafted in the London market and used worldwide (latest edition 2009). (A) is “all risks” cover, paying for any loss or damage except listed exclusions; (B) covers named perils such as fire, sinking, collision, earthquake, lightning and entry of seawater; (C) covers only major casualties – fire, explosion, sinking, stranding, collision and general average. For raw materials exposed to theft, wetting or handling damage, (A) cover is recommended.
ISO tank (tank container)
A reusable tank of about 20,000–26,000 litres, usually stainless steel, set in a steel frame with 20-foot container dimensions. It is suitable for chemicals, solvents, dangerous goods classed under the IMDG Code and food-grade liquids, with options for heating jackets, pressure rating and insulation. A cleaning certificate (ECD) is required before each loading, and previous cargoes (usually the last three) are checked for compatibility.