Taiwan is the island country, and international trade is the main focus of developing economic. In order to develop economy, it is necessity to promote international trade. Marine cargo insurance for developing international trade is very important, especially in Institute Cargo Clauses (ICC, 1982) with new Mar Form, and has a huge effect on global marine cargo insurance market. Though Institute Cargo Clauses has broadly adopted by insurers, and most people acquaintance with the risk covered and exclusions. Because the insurers’ and insured’s cognitions are different, therefore loss or damage of cargo occur, the claim dispute will come. In order to know the risk covered of Institute Cargo Clauses, this study’s the first part is ICC, and the second part is AICC, which discusses detail about the risk covered of Institute Cargo Clauses and instantiates. Finally the insurers and insured have different viewpoints, and provide many suggestions for practical problems of operation. Except for reducing the dispute of the insurers and insured, and could be one standard of domestic cargo insurance.