Definition of War Clause

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TeachMeFinance.com - explain War Clause



War Clause -- 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.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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