This insurance covers specific risks subject to the exclusions as listed in the
above clauses.
The insured risks are loss or damage to the subject matter insured caused by:

• Strikers, locked-out workmen, or persons taking part in labor disturbances, riots or civil commotions
• Any terrorist or any person acting from a political motive.

The main exclusions mentioned in those clauses relates to loss damage or
expense caused  by:

• Willful misconduct of the assured
• Ordinary leakage/loss in weight , ordinary wear and tear
• Insufficiency or unsuitability of packing or preparation of the subject matter insured.
• Delay, even if the delay caused by a risk insured against
• Insolvency or financial default of the owners managers charterers or operators of the vessel
• War risks

  CLOSE