MLchartDataset catalogue

Delay clause

Term · Insurance and risk management · MLC-T-INS-001112

A clause in a marine cargo insurance policy under which the insurer is not liable for loss, damage, or deterioration caused by delay, including loss of market, even when the delay itself results from an insured peril. Cargo cover therefore responds to physical loss of the goods but not to the lateness of their arrival.

Table 1. Record
IdentifierMLC-T-INS-001112
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001112",
  "term": "Delay clause",
  "field": "Insurance and risk management",
  "definition": "A clause in a marine cargo insurance policy under which the insurer is not liable for loss, damage, or deterioration caused by delay, including loss of market, even when the delay itself results from an insured peril. Cargo cover therefore responds to physical loss of the goods but not to the lateness of their arrival.",
  "url": "https://mlchart.com/terminology/insurance/delay-clause/"
}

Record 926 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.