GlossaryEN1 min readUpdated: Jun 26, 2026
Institute Cargo Clauses (ICC)
When a sea or air freight shipment needs insurance cover, the Institute Cargo Clauses (ICC) define the terms: they are the globally dominant standard conditions for cargo insurance, developed by the London insurance market.
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When a sea or air freight shipment needs insurance cover, the Institute Cargo Clauses (ICC) define the terms: they are the globally dominant standard conditions for cargo insurance, developed by the London insurance market. Three forms exist – ICC A (all risks, the broadest cover: all losses respond unless expressly excluded), ICC B and ICC C (named perils only, with C offering the narrowest scope). Under letters of credit, the chosen ICC form must be stated on the insurance certificate. The burden of proof differs significantly: under ICC A the insurer must establish an exclusion; under ICC B and C the insured must prove the peril falls within the listed risks. The abbreviation ICC should not be confused with the International Chamber of Commerce's ICC, which governs Incoterms.
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