<p>It is warranted by the Insured that this insurance shall not insure directly or indirectly to the benefit of any carrier or other bailee by stipulation of bill of lading or otherwise and any breach of this warranty shall forfeit any claim which would have been payable by the Company had it not been for such breach. The Company shall not be liable to or any loss or damage which without its consent has been settled or compromised by the Insured.</p>
