Which clause under an Open Cargo Policy is considered the MOST restrictive?

The Free of Particular Average Clause is considered the most restrictive because it limits the insurer's liability for partial losses. Under this clause, the insurer will only cover total losses rather than any partial loss a cargo may suffer. This means that if the cargo experiences damage that does not result in a total loss, the insurer is not responsible for compensating the owner for those damages.

In contrast, the With Particular Average Clause provides coverage for partial losses, making it less restrictive because it offers more comprehensive protection compared to the Free of Particular Average Clause. The Transportation Clause relates to the specific terms of transport under the policy but does not inherently limit liability in the way the Free of Particular Average Clause does. The All Risk Form is typically the broadest coverage, encompassing a wide range of risks including both total and partial losses, thus making it the least restrictive option.

Understanding these nuances is crucial for those engaging in cargo insurance, as the selected clause can significantly impact the coverage and risk involved.