term:

Inchmaree Clause

inchmaree clause n

[after Inchmaree, a British steamer whose 1884 sinking in Liverpool harbor resulted in its formulation]
: a clause in a marine insurance policy that covers damage or loss caused by the negligence of a vessel's own captain or crew or by any defect in the ship's hull or machinery

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.