‘C’

FIRE OR EXPLOSION;
STRANDED, GROUNDED, SUNK, CAPSIZED;
OVERTURNING OR DERAILMENT OF LAND CONVEYANCE;
COLLISION OR CONTRACT WITH ANY EXTERNAL OBJECT OTHER THAN WATER;
DISCHARGE OF CARGO ATA PORT OF DISTRESS;
GENERAL AVERAGE SACRIFICE
JETTSON,
SALVAGE CHARGES.

‘B’

COVERS AS PER IC’ C’- C+ AS FOLLOWS
EARTHQUAKE; VOLCANIC ERUPTION OR LIGHTING;
WASHING OVER BOARD;
ENTRY OF SEA, LAKE OR RIVER WATER INTO VESSEL, CRAFT, HOLD, CONVEYANCE, CONTAINER, LIFTVAN, OR PLACE OF STORAGE;
TOTAL LOSS OF ANY PACKAGE LOST OVER-BOARD OR DROPED WHILST LOADING ON TO OR UNLOADING FROM VESSEL OR CRAFT.
‘A’

‘A’

ALL PHYSICAL LOSS OR DAMAGE TO THE INSURED GOODS-EXCEPT AS PER EXCLUSION. IT COVERS ALL RISKS BUT NOT ALL LOSSES.

EXCLUSIONS:- IN NO CASE SHALL THIS INSURANCE COVER LOSS. DAMAGE OF EXPENSE ATTRIBUTABLE TO OR CAUSED BY:-
WILFUL MUSCONDUCT OF THE ASSURED;
ORDINARY LEAKAGE, LOSS IN WEIGHT OR VOLUME, WEAR AND TEAR.
INSUFFICIENCY OR UNSUITABILITY OF PACKING OR PREPARATION OF SUBJECT MATTER.
INHERENT VICE OR NATURE OF SUBJECT MATTER
DELAY-EVEN THOUGH THE DELAY CAUSED BY INSURED PERILS
INSOLVENCY OR FINANCIAL DEFAULT OF THE OWNER, MANAGER CHARTERERS OR OPERATORS OF THE VESSEL.
IONISING, RADIATION OR CONTAMINATION BY RADIO ACTIVITY, NUCLEAR WEAPONS MATERIALS.
WAR & WAR LIKE RISKS
SRTIKES, RIOTS & CIVIL COMMOTION RISKS
UNSEAWOTHINESS OR UNFITNESS OF VESSEL/CRAFT/ CONTAINERS/CONVEYANCE/LIFTVAN WHERE THE ASSURED OR THEIR SERVANTS ARE PRIVY TO SUCH RISKS
NOTE : SRCC, WAR & SRCC RISK. CAN BE COVERED ON PAYMENT OF EXTRA PREMIUM AS PER TARIFF PREVAILING RATE ON DATE OF SHIPMENT OR DESPATCH.

DURATION :- ATTACHES FROM THE TIME THE GOODS LEAVE THE WAREHOUSE NAMED HEREIN FOR THE COMMENCEMENT OF THE TRANSIT, CONTINUES DURING THE ORDINARY COURSE OF TRANSIT AND TERMINATES EITHER ON DELIVERY OF THE CONSIGNEE’S FINAL WHREHOUSE OR; ON DELIVERY TO ANY OTHER WAREHBOUSE WHETHER PRIOR TO OR AT THE DESTINATION NAMED HEREIN. WHICH THE ASSURED ELECT TO USE EITHER FOR STORAGE OTHER THAN IN THE ORDINARY CORSE OF TRANSIT OR FOR ALLOCATION OR DISTRIBUTION OR; IN THE EXPIRY OF 60 DAYS AFTER COMPLETION OF DISCHARGE AT THE FINAL PORT OF DISCHARGE WHICHEVER SHALL FIRST OCCURE.

THIS INSURANCE REMAIN IN FORCE DURING DELAY BEYOND THE CONTROL OF THE ASSURED, ANY DEVIATION, FORCED DISCHARGEM RESHIPMENT OF TRANSHIPMENT AND DURING VARIATION OF THE ADVANTURE ARISING FROM THE EXERCISE OF A LIBERTY GRANTED TO THE SHIPOWNERS OR CHARTERERS UNDER THE CONTRACT OF AFFREIGHTMENT.

DUTY OF THE ASSURED :- IT IS THE DUTY OF THE ASSURED AND THEIR SERVANTS AND THE AGENTS IN RESPECT OF LOSS RECOVERABLE HEREUNDER:-

TO TAKE SUCH MEASURES AS MAY BE REASONABLE FOR THE PURPOSE OF AVERTING OR MINIMISING SUCH LOSS, AND

TO ENSURE THAT ALL RIGHTS AGAINST CARRIERS, BAILEES OR OTHER THIRD PARTIES ARE PROPERLY PRESERVED AND EXCERCISED.

NOTE :- THE UNDERWRITERS WILL IN ADDITION TO ANY LOSS RECOVERABLE HEREUNDER, REIMBURSE THE ASSURED FOR ANY CHARGE PROERLY AND RESONABLY INCURRED IN PURSUANCE OF THESE DUTIES.

REASONABLE DESPATCH :-
IT IS A CONDITION OF THIS INSURANCE THAT THE ASSURED SHALL ACT WITH REASONABLE DESPATCH IN ALL CIRCUMSTANCE WITHIN THEIR CONTROL.

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