<p>Risk Cover<br />
1. &nbsp; This insurance covers all risk of loss of or damage to the subject-matter insured except as&nbsp;<br />
&nbsp; &nbsp; &nbsp;provided in Clauses 2, 3 and 4 below.</p>

<p>EXCLUSIONS<br />
2. &nbsp; In no case shall this insurance cover<br />
&nbsp; &nbsp; &nbsp;2.1 &nbsp; loss damage or expense attributable to willful misconduct of the Assured<br />
&nbsp; &nbsp; &nbsp;2.2 &nbsp; ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;subject-matter insured.<br />
&nbsp; &nbsp; &nbsp;2.3 &nbsp; loss damage or expense caused bu insufficiecy or unusitability of packing or preparation<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;of the subject-matter insured (for the purpose of this Clause 2.3 &quot;packign&quot;shall be&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;deemed to include stowage in a container of liftvan but only when such stowage is carried<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;ourt prior&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;to attachedment of this insurance or by the Assured or their sevants}<br />
&nbsp; &nbsp; &nbsp;2.4 &nbsp; loss damage or expese caused by inherent vice or nature of the subject-matter insured<br />
&nbsp; &nbsp; &nbsp;2.5 &nbsp; loss damage or expense arising from unfitness of aircraft conveyance container of liftvan&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;for the safe carriage of the subject-matter insured where the Assured or their servants&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;are &nbsp; privy to such unfitness at the time the subject-matter insured is loaded therein<br />
&nbsp; &nbsp; &nbsp;2.6 &nbsp; loss damage or expense proximately cause by delay, even though the delay be cuased by a&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;risk insured against<br />
&nbsp; &nbsp; &nbsp;2.7 &nbsp; loss damage or expense arising from insolvency or financial default of the owners&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;managers<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;charterers of operators of the aircraft<br />
&nbsp; &nbsp; &nbsp;2.8 &nbsp; loss damage or expense arising from the use of any weapon of war employing atomic or&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;nuclear fission and/or fusion or other like reaction or radioactive force or matter.</p>

<p>3. &nbsp; In no case shall this insurance cover loss damage or expense caused by<br />
&nbsp; &nbsp; &nbsp;3.1 &nbsp; war civil war revolution rebellion insurrection, or civil strife arising therefrom, or&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;any hostile act by or against a beligerent power<br />
&nbsp; &nbsp; &nbsp;3.2 &nbsp; capture seizure arrest restraint or detainment (piracy excepted), and the consequences&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;thereof or any attempt thereat<br />
&nbsp; &nbsp; &nbsp;3.3 &nbsp; derelict mines torpedoes bombs or other derelic weapons of war.</p>

<p>4. &nbsp; In no case shall this insurance cover loss damage or expense<br />
&nbsp; &nbsp; &nbsp;4.1 &nbsp; caused by strikers, locked-out workmen, or persons taking part in labour disturbances,<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;riots or civil commotions<br />
&nbsp; &nbsp; &nbsp;4.2 &nbsp; resulting from strikes, lock-outs, labour disturbances, riot or civil commotions<br />
&nbsp; &nbsp; &nbsp;4.3 &nbsp; caused by any terrorist or any person acting from a polical motive.</p>

<p>DURATION<br />
5. &nbsp; 5.1 &nbsp; This insurance attaches from the time the subject-matter insured leaves the warehouse,&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;premises or place of storage at the place named herein for the commencement of the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;transit, continues during the ordinary course of transit and terminates either<br />
&nbsp; &nbsp; &nbsp;5.1.1 &nbsp; on delivery to the Consignees&#39;or other final warehouse, premises or place of storage at<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the destination named herein.<br />
&nbsp; &nbsp; &nbsp;5.1.2 &nbsp; on delivery to any other warehouse, premises or place of storage, whether prior to or&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;at the destination named herein, which the Assured elect to use either<br />
&nbsp; &nbsp; &nbsp;5.1.2.1 &nbsp; for storage other than in the ordinary course of transit or<br />
&nbsp; &nbsp; &nbsp;5.1.2.2 &nbsp; for allocation or distribution<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;or<br />
&nbsp; &nbsp; &nbsp;5.1.3 &nbsp; on the expiry of 15 days after unloading the subject-matter insured from the aircraft&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;at the final place of discharge, whichever shall first occur.<br />
&nbsp; &nbsp; &nbsp;5.2 &nbsp; If, after unloading from the aircraft at the final place of discharge, but prior to&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;termination of this insurance, the subject-matter insured is forwarded to a destination&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;other than that to which it is inusred hereunder, this insurance, whilst remaining&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;subject to termination as provided for above, shall not extendbeyond the commencement of<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;transit to such other destination.<br />
&nbsp; &nbsp; &nbsp;5.3 &nbsp; This insurance shall remain in force (subject to termination as provided for above and to<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the privisions of Clause 6 below) during delay beyond the control of the Assured, any&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;deviation, forced discharge, reshipment or transhipment and during any variation of the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;adventure arising from the excercise of a liberty granted to the air carriers under the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;contract of carriage.</p>

<p>6. &nbsp; If owing to circumstances beyond the control of the Assured either the contract of carriage is<br />
&nbsp; &nbsp; &nbsp;terminated at a place other than the destination name therein or the transit is otherwise&nbsp;<br />
&nbsp; &nbsp; &nbsp;terminated before delivery of the subject-matter insured as provided for in Clause 5 above,&nbsp;<br />
&nbsp; &nbsp; &nbsp;then this insurance shall also terminate unless prompt notice is given the the Underwirtters&nbsp;<br />
&nbsp; &nbsp; &nbsp;and continuation of cover is requested when the insurance shall remain in force, subject to an&nbsp;<br />
&nbsp; &nbsp; &nbsp;additional premium if required by the Underwriters, either<br />
&nbsp; &nbsp; &nbsp;6.1 &nbsp; until the subject-matter is sold and delivered at such place or, unless otherwise&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;specially agreed, until the expiry of 15 days after arrival of the subject-matter hereby<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;insured at such place, whichever shall first occur,<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;or<br />
&nbsp; &nbsp; &nbsp;6.2 &nbsp; if the subject-matter is forwarded within the said period of 15 days (or any agreed&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;extension thereof) to the destination named, herein or to any other destination, until&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;terminated in accordance with the provision of Clause 5 above.</p>

<p>7. &nbsp; Where, after attachment of this insurance, the destination is changed by the Assured, held&nbsp;<br />
&nbsp; &nbsp; &nbsp;covered at a premium and on conditions to be arranged subject to prompt notice being given to<br />
&nbsp; &nbsp; &nbsp;the Underwriters.</p>

<p>CLAIMS<br />
8. &nbsp; 8.1 &nbsp; In order to recover under this insurance the Assured must have an insurable interest in&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the subject-matter insured at the time of the loss<br />
&nbsp; &nbsp; &nbsp;8.2 &nbsp; Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;during the period covered by this insurance, notwithstanding that the loss occurred&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;before the contract of insurance was cocluded, unless the Assured were aware of the loss<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;and the Underwriters were not.</p>

<p>9. &nbsp; Where, as a result of the operation of a risk covered by this insurance, the insured transit is<br />
&nbsp; &nbsp; &nbsp;terminated at a place other than that to which the subject-matter is covered under this &nbsp; &nbsp;<br />
&nbsp; &nbsp; &nbsp;insurance, the Underwriters will reimburse the Assured for any extra charges properly and<br />
&nbsp; &nbsp; &nbsp;reasonably incurred in unloading storing and forwarding the subject-matter to the destination<br />
&nbsp; &nbsp; &nbsp;to which it is insured hereunder.<br />
&nbsp; &nbsp; &nbsp;This Clause 9 which does not apply to general average or salvage charges, shall be subject&nbsp;<br />
&nbsp; &nbsp; &nbsp;to the exclusions contained in Clauses 2,3 and 4 above and shall not include charges arising&nbsp;<br />
&nbsp; &nbsp; &nbsp;from the fault negligence insolvency or financial default of the Assured or their servants.</p>

<p>10. &nbsp;No claim for Constructive Total Loss shall be recoverable hereunder unless the subject-matter&nbsp;<br />
&nbsp; &nbsp; &nbsp;insured is reasonably abandoned either on account of its actual total loss appearing to be&nbsp;<br />
&nbsp; &nbsp; &nbsp;unavoidable or because the cost of recovering, reconditioning and forwarding the subject-matter<br />
&nbsp; &nbsp; &nbsp;to the destination to which it is insured would exceed its value on arrival.</p>

<p>11. &nbsp;11.1 &nbsp;If any Increased Value insurance is effected by the Assured on the cargo insured herein<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the agreed value of the cargo shall be deemed to be increased to the total amount insured<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;under this insurance and allIncreased Value insurances covering the loss, and liability<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;under this insurance shall be in such proportion as the sum insured herein bears to such<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;total amount insured.<br />
&nbsp; &nbsp; &nbsp;11.2 &nbsp;Where this insurance is on Increased Value the following clause shall apply:<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;The agreed value of the cargo shall be deemed to be equal to the total amount insured&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;under the primary insurance and all INcreased Value insurance covering the loss and&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;effected on the cargo by the Assured and liability under this insurance shall be in such&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;proportion as the sum insured herein bears to such total amount insured.<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;In the event of claim the Assured shall provide the Underwriters with evidence of the<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;amounts insured under all other insurances.</p>

<p>BENEFIT OF INSURANCE<br />
12. &nbsp;This insurance shall not insure to the benefit of the carrier or other bailee.</p>

<p>MINIMISING LOSSES<br />
13. &nbsp;It is the duty of the Assured and their sevants and agents in respect of loss recoverable&nbsp;<br />
&nbsp; &nbsp; &nbsp;hereunder<br />
&nbsp; &nbsp; &nbsp;13.1 &nbsp;to take such measures as may be reasonable for the purpose of averting or minimising such<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;loss,<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;and<br />
&nbsp; &nbsp; &nbsp;13.2 &nbsp;to ensure that all rights against carriers, bailees or other third parties are properly<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;preserved and exercised<br />
&nbsp; &nbsp; &nbsp;and the underwriters will, in addition to any loss recoverable hereunder, reimburse the Assured<br />
&nbsp; &nbsp; &nbsp;for any charges properly and resonable incurred in pursuance of these duties.</p>

<p>14 &nbsp; Measures taken by the Assured or the Underwriters with the object of saving, protecting or&nbsp;<br />
&nbsp; &nbsp; &nbsp;recovering the subject-matter insured shall not be considered as a waiver or acceptance of&nbsp;<br />
&nbsp; &nbsp; &nbsp;abandonment or otherwise prejudice the rights of either party.</p>

<p>AVOIDANCE OF DELAY<br />
15. &nbsp;It is a condition of this insurance that the Assured shall act with reasonable despatch in all<br />
&nbsp; &nbsp; &nbsp;circumstances within their control.<br />
&nbsp; &nbsp; &nbsp;&nbsp;<br />
LAW AND PRACTICE<br />
16. &nbsp;This insurance is subject to English law and practice.<br />
&nbsp; &nbsp; &nbsp;&nbsp;<br />
&nbsp; &nbsp; &nbsp;</p>

<p><br />
&nbsp;</p>
