1. This insurance covers, except as provided in Clauses 4,5,6 and 7 below,

1. This insurance covers, except as provided in Clauses 4,5,6 and 7
    below. 

    1.1  Loss or damage to the subject-matter insured reasonably attributable
        to : 
        1.1.1 fire or explosion 
        1.1.2 vessel or craft being stranded grounded sunk or capsized 
        1.1.3 overturning or derailment of land conveyance 
        1.1.4 collision or contact of vessel or craft conveyance with any external
        object other than water 
        1.1.5 discharge of cargo at a port of distress 
        1.1.6 earthquake, volcanic eruption or lighting 

    1.2  Loss or damage to the subject-matter insured caused by 
              1.2.1 general average sacrifice 
              1.2.2 jettison or washing overboard 
              1.2.3 entry of sea lake or river water into vessel craft hold conveyance container
                      liftvan or place of storage

        1.3  Total loss of any package lost overboard or dropped whilst loading on
        to, or unloading from, vessel or craft. 

        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.