- Total loss and Constructive Total loss
- Particular Average (A partial loss proximately caused by an insured peril)
- Perils of the sea, lakes or other navigable waters
- Fire, explosion
- Violent theft by persons from outside the vessel
- Jettison of cargo
- Piracy
- Boiler explosions
- Stranding/grounding damage
- Damage due to heavy weather
- Fire
- Damage occasioned by crew negligence
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