<p>RISKS COVERED<br />
1 &nbsp; &nbsp;This insurance covers, except as provided in Clause 2 below, loss of or damage to the &nbsp;&nbsp;<br />
&nbsp; &nbsp; &nbsp; subject-matter insured caused by<br />
&nbsp; &nbsp; &nbsp; 1.1 &nbsp; war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; hostile act by or against a belligerent power<br />
&nbsp; &nbsp; &nbsp; 1.2 &nbsp; capture seizure arrest restraint or detainment, arising from risks covered under 1.1&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; above, and the consequences thereof or any attempt thereat<br />
&nbsp; &nbsp; &nbsp; 1.3 &nbsp; derelict mines torpedoes bombs or other derelict weapons of war.</p>

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

<p>&nbsp; &nbsp; &nbsp; 2.2 &nbsp; ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of &nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; the subject-matter insured</p>

<p>&nbsp; &nbsp; &nbsp; 2.3 &nbsp; loss damage or expense caused by the insufficiency or unsuitability of packing or&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; preparation of the subject-matter insured (for the purpse of this Clause 2.3&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &quot;packing&quot; shall be deemed to include stowage in a container or liftvan but only&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; when such stowage is carried out prior to attachment of this insurance or by the &nbsp;&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Assured or their Servants)</p>

<p>&nbsp; &nbsp; &nbsp; 2.4 &nbsp; loss damage or expense caused by inherent vice or nature of the subject-matter&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; insured</p>

<p>&nbsp; &nbsp; &nbsp; 2.5 &nbsp; loss damage or expense arising from unfitness of aircraft conveyance container &nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; or liftvan for the safe carriage of the subject-matter insured, where the Assured of&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; their servants are privy to such unfitness at the time the subject-matter insured is&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; loaded therein</p>

<p>&nbsp; &nbsp; &nbsp; 2.6 &nbsp; loss damage or expense proximately caused by delay, even though the delay &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; caused by a risk insured against</p>

<p>&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; &nbsp; managers charterers or operators of the aircraft</p>

<p>&nbsp; &nbsp; &nbsp; 2.8 &nbsp; any claim based upon loss of or frustration of the voyage or adventure</p>

<p>&nbsp; &nbsp; &nbsp; 2.9 &nbsp; loss damage or expense arising from any hostile use of any weapon of war&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; employing atomic or nuclear fission and or fusion or other like reaction or&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; radioactive force or matter.</p>

<p>DURATION<br />
3 &nbsp; &nbsp;3.1 &nbsp; &nbsp;This insurance<br />
&nbsp; &nbsp; &nbsp; 3.1.1 &nbsp; &nbsp; attaches only as the subject-matter insured and as to any part as that part is&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;loaded on the aircraft for the commencement of the air transit insured<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;and</p>

<p>&nbsp; &nbsp; &nbsp; 3.1.2 &nbsp; &nbsp; terminate, subject to 3.2 and 3.3 below, either as the subject-matter insured&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;and as to any part as that part is discharged from the aircraft at the final place&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;of discharge<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;or<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;on &nbsp;expiry of 15 days continue from midnight of the day of arrival of the aircraft&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;at the final place of discharge,<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;whichever shall first occur;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;nevertheless,<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;subject to prompt notice to the Underwriters and to an additional premium,&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;such insurance</p>

<p>&nbsp; &nbsp; &nbsp; 3.1.3 &nbsp; &nbsp; reattaches &nbsp;when,, without having discharged the subject-matter insured at&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;the final place of discharge, the aircraft departs therefrom,<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;and<br />
&nbsp;<br />
&nbsp; &nbsp; &nbsp; 3.1.4 &nbsp; &nbsp; terminates, subject to 3.2 and 3.3 below, either as the subject-matter insured&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;as as to any part as that part is thereafter discharged from the aircraft at the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;final ( or substituted) place of discharge,&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;or<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;on expiry of 15 days counting from midnight of the day re-arrival of the aircraft&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;at the final place of discharge or arrival of the aircraft at a substituted place of &nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;discharge,<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;whichever shall first occur.<br />
&nbsp;<br />
&nbsp; &nbsp; &nbsp; 3.2 &nbsp; &nbsp; If during the insured transit the aircraft arrives at an intermediate place to&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; discharge the subject-matter insured for on-carriage by aircraft or oversea&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; vessel, then, subject to 3.3 below and to an additional premium if required, this&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; insurance continues until the expiry of 15 days counting from midnight of the &nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; day of arrival of the aircraft at such place, but thereafter reattaches as the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; subject-matter insured and as to any part as that part is loaded on an on-<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; carrying aircraft or oversea vessel. During the period of 15 days the insurance&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; remains in force after discharge only whilst the subject-matter insured and as to&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; any part as that part is at such intermediate place. If the goods are on-carried&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; within the said period of 15 days or if the insurance reattaches as provided in&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; this Clause 3.2</p>

<p>&nbsp; &nbsp; &nbsp;3.2.1 &nbsp; &nbsp; where on the on carriage is by aircraft this insurance continues subject to the &nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; terms of these clauses, &nbsp; &nbsp; &nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; or<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />
&nbsp; &nbsp; &nbsp;3.2.2 &nbsp; &nbsp; where the on-carriage is by oversea vessel, the current Institute War Clauses &nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ( Cargo) shall be deemed to form part of this insurance and shall apply to the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; on-carriage by sea. &nbsp; &nbsp; &nbsp;&nbsp;</p>

<p>&nbsp; &nbsp; &nbsp;3.3 &nbsp; &nbsp; If the air transit in the contract of carriage is terminated at a place other than the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;destination agreed therein, that place shall be deemed to be the final place of &nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;discharge and such insurance terminates in accordance with 3.1.2. If the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;subject-matter insured is subsequently consigned to the original or any other&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;destination, then, provided notice is given to the Underwriters before the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;commencement of such further transit and subject to an additional premium,&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;such insurance reattaches</p>

<p>&nbsp; &nbsp; &nbsp;3.3.1 &nbsp; &nbsp; in the case of the subject-matter insured having been discharged, as the&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; subject-matter insured and as to any part as that part is loaded on the on-<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; carrying aircraft for the transit;</p>

<p>&nbsp; &nbsp; &nbsp;3.3.2 &nbsp; &nbsp; in the case of the subject-matter insured not having been discharged, when&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; the aircraft departs from such deemed final place of discharge;&nbsp;<br />
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;thereafter such insurance terminates in accordance with 3.1.4.<br />
&nbsp; &nbsp;<br />
&nbsp; &nbsp; &nbsp;3.4 &nbsp; &nbsp; Subject to prompt notice to Underwriters, and to an additional premium if required, this insurance shall &nbsp; &nbsp; &nbsp;</p>
