1. This insurance covers, all risks of loss or damage to the subject-matter
    insured inclusive theft, pilferage and nondelivery and except as provided in
    Clauses 4,5,6 and 7 below. 

2. This insurance covers general average and salvage charges, adjusted or
    determined according to the contract of affreightment and/or the governing
    law and practice, incurred to avoid or in connection with the avoidance of
    loss from any cause except those excluded in Clauses 4,5,6 and 7 or
    elsewhere in this insurance. 

3. This insurance is extended to indemnify the Assured against such
    proportion of liability under the contract of affreightment " Both to Blame
    Collision " Clause as is in respect of a loss recoverable hereunder. In the
    event of any claim by shipowners under the said Clause The Assured agree
    to notify the Underwriters who shall have the right, at their own cost and
    expense, to defende the Assured against such claim.
 

EXCLUSIONS

4. In no case shall this insurance cover :

            4.1  loss, damage or expense attributable to wilful misconduct of the Assured
            4.2  ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter insured;
            4.3  loss, damage or expense cause by insufficiency or unsuitability of packing or preparation of the subject matter insured (for the purpose of this Clause 4.3 „ packing “ shall be deemed to include stowage in a container or liftvan but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants);
            4.4  loss, damage or expense caused by inherent vice or nature of the subject- matter insured;
            4.5  loss, damage or expense proximately caused direct delay, even though the delay be caused by a risk insured against; (except the expenses payable under Clause 2 above)
            4.6  loss, damage or expenses arrised from insolvency or financial default of the owners, managers, charterers or operators of the vessel;
            4.7  deliberate damage to or deliberate destruction of the subject-matter insured or any part thereof by the wrongful act of any persons
            4.8  loss, damage or expense arising from the use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter;
 

5.

             5.1 In no case shall this insurance cover loss or damage or expense arising from
                      -unseaworthiness of vessel ar craft,
                      -unfitness of vessel, craft, conveyance container or liftvan for the safe carriage of the subject-matter insured,  where the Assured or their servants are privy to such unseaworthiness or unfitness, at the time the subject matter insured is loaded therein;

             5.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness of the ship to carry the subject-matter insured to destination, unless the assured or their servants are privy to such unseaworthiness or unfitness.
 

6. In no case shall this insurance cover loss damage or expense caused by :

             6.1 war, civil war, revolution, rebellion insurection or civil strife arising therefrom or any hostile act by or against a belligerent power;
             6.2 capture, seizure, arrest, restraint or detainment and the consequences thereof of any attempt thereat;
             6.3 derelict mines, torpedoes, bombs or other derelict weapons of war;

7. In no case shall this insurance cover loss or expense caused by :

             7.1  strikes, locked-out workmen or persons taking part in labour disturbances, riots or civil commotions;
             7.2 resulting from strikes, lock-outs, labour disturbances, riots or civil commotions;
             7.3 caused by any terrorist or any person acting from a political motive.