To tell you the truth, I was just thinking of that.
Additional premium? That's not a problem. There'sno harm in doing things on the safe side.
Then we will cover War Risk for you.
Good. One more thing. What if I want a 130%coverage?
You mean 130% of the invoice value? This can be done, but you will have to pay the extrapremium too.
In this case I'd rather have 110%.
We usually insure against All Risks for 110% of the invoice value.
Does All Risks include War Risk?
No. War Risk is a special additional risk, and it has to be arranged separately.
But judging from the recent situation in Kosovo, I think War Risk should be covered.
We can certainly do this, but it is subject to an additional premium, because our CIFquotation doesn't include this risk.
What about W.P.A.?
W.P.A. has a broader coverage. It covers everything in F.P.A. plus partial loss caused bynatural calamities.
And All Risks?
All Risks means WPA plus additional risks, or extraneous risks, risks not incidental totransport by sea.
I see. Now, for this particular article, what risks do you usually cover?
I have to say that I know every little about this clause. Can you explain it a little?.
OK.OMCC provides coverage of three basic, some additional risks and some special additionalrisks.
The three basic risks are Free from Particular Average (F.P.A.), With Particular Averaged(W.P.A.) and All Risks (A.R.).