CARGO INSURANCE | Movements International

CARGO INSURANCE

Marine Cargo Insurance

We recognize the diverse range of risks associated with international shipping and logistics. For this reason, we can offer a comprehensive Marine Cargo Insurance Cover , designed to safeguard your cargo against any potential loss or damage during transit. It is important to understand the terms of condition of shipping and how your goods is covered.

Marine Cargo Insurance can be arranged at a very affordable rate, ranging from 0.05% to 5%, depending on the type of commodity and its declaration value on transit cover. This coverage ensures that your valuable cargo is protected throughout its journey, providing you with absolute peace of mind.

We pride ourselves on our outstanding shipping services, and while we take utmost care to ensure the safety of your goods during transit, it is important to highlight that we cannot be held responsible for any damages or losses sustained during transit if the goods are not insured.

Therefore, we strongly advise to secure your cargo with our Marine Cargo Insurance. Not only does this provide a safety net for your valuable goods, it also protects your business from unforeseen financial losses.

Marine Insurance coverage is subject to relevant terms and conditions based on the mode of shipment. A detailed copy of these terms and conditions is available upon request and we highly recommend reviewing them to understand the extent of the coverage.

All bookings and shipments are received and accepted subject to all the terms and conditions of the carrier regular form of bill of lading or sea/air waybill, inland transportation as the case may be including the applicable law as incorporated by the relevant bill of lading evidencing the contract of carriage. These terms and conditions are available at https://www.mifiji.com/GENERAL-TRADING-TERMS or from our local booking office upon request.

The terms and condition apply immediately upon acceptance of booking by or on behalf of the carrier. By confirming any booking with Movements International Pte Ltd the Merchant ( shipper / consignee and or freight forwarder ) acknowledge that they have read and accepted the terms and condition and applicable law and jurisdiction clause, and that these terms and conditions are available to them.

For more information on our Marine Cargo Insurance or to discuss your specific needs, please feel free to reach out to us. We are more than happy to guide you through the process and ensure you have the right coverage for your cargo.

For more information email us on info@mifiji.com or send your application today !! ↓

CLAIM GUIDELINES

CLAIM GUIDELINES

In the event of any claim recoverable under this policy,
please claim according to the following procedure:

Loss notification
Assist in survey
Provide claim documents
Provide bank account information and relevant
documents
Assist in recovery

LOSS NOTIFICATION

In the event of any claim recoverable under this poliy,
please notify us immediately by calling our custom
service center (+679 3319476 / +679 9922668), or report to survey
agent nominated on policy.

Please advice:
Policy No. and insurance terms
Description of the accident
Loss or damaged items and estimated loss amount
Your contact details

ASSIST IN SURVEY

Upon receipt of your claim notification, we will arrane
survey, please assist:
Appoint relevant person to accompany surveyor’s
investigation
Keep the original scene of the accident before
surveyor’s attendance
Take photos/video of the damage, and count the
damaged property
Provide the required claim documents and
photos/video
Seek permission from the insurance company before
repairing or dealing with the damaged property

CLAIM DOCUMENTS

Insurance policy
Clam notice to insurance company
Bill of Lading, Waybill and/or other contract of
carriage
Sales Contract, Invoice, Packing List/Weight
Memo, Customs Declaration
Repair/Replacement Invoice of the damaged cargo
Documents or other Evidences of the loss, such as:
loading and discharging cargo list, damage report,
outturn report, tally report, survey report,
traffic/fire accident report, note of protest, marine
accident report, etc.;
Claim notice to responsible party
Other documents relative to the claim
Note: Original documents are required unless others
especified.

PAYMENT

The insurance payment is subject to the following restrictions:

The payment can be made only by bank transfer.
Please provide us your bank account details.
According to the foreign exchange requirement,
insurance payment should be made in the same
currency as the insured amount. As a favor, foreign
currency can be transferred to another foreign
currency.
According to anti-money laundering requirement,
insurance indemnity should be paid by providing
the following documents: photocopy of Business
License, Organization Code, Tax Registration
Certificate, ID Card of the controlling shareholder
or actual controller, director, legal representative,
and other authorized personnel.

ASSIST IN RECOVERY

It is the duty of the Assured and their Agents, in all
cases, to take such measures as may be reasonable for
the purpose of averting or minimizing a loss and to
ensure that all rights against carriers/bailees or other
third parties are properly preserved and exercised. In
particular, the Assured or their Agents are required:
To claim immediately against the Carriers, Port
authorities or other Bailees for any missing goods.
In no circumstances, except under written protest,
to give clean receipts where goods are in doubtful
condition.
For container goods, to check the condition of the
container and its seals. Please collect evidence
when necessary.
To apply immediately for joint survey by Carriers’
or other Bailees’ Representatives. Lodge a cliam to
responsible party if any loss or damage was found
during such survey.
Upon receipt of the insurance payment, please providthe Receipt and Subrogation Form as well as other
necessary documents, and assist the insurer for recovery.

Note : Institute Cargo Clauses (A) ICCA and Institute Cargo Clauses (C) ICCC

INSTITUTE CARGO CLAUSES (C) Cl. 254 1/1/82

RESTRICTED GOODS

RESTRICTED GOODS

1)Cash, cheques, bills of exchange, securities, and other negotiable securities;

2)Documents, archives, account books, drawings, and technical data;

3)Credit cards, cash cards, shopping cards, passbooks, cash withdrawal cards, and other

cards with cash value;

4)Gold and silver, gold and silver products, commemorative coins, jewelry, diamonds,

jade, precious metals, and rare metals;

5)Ancient coins, antiques, ancient books, ancient paintings, stamps, works of art, cultural

relics, antiques, and ancient fossils;

6)Goods transported at extraordinary temperatures;

7)Fresh active plants, agricultural products, flowers, fruits, vegetables;

8)Living animals and plants, dead animals or stripped animals (i.e. specimens), livestock

products, blood, and blood products;

9)The human body or a part of the human body, remains, bones, and tablets;

10)Drugs and vaccines;

11)Stimulants, marijuana, narcotic drugs, drugs that act on the central nervous system

and affect mental status, and other prohibited drugs;

12)Mobile phones, ICs, semiconductors, LCD monitors, DVDs, video cameras, cameras,

laptops, drones;

13)Guns, swords, weapons, weapons, military weapons or equipment;

14)Toxic substances, radioactive substances, flammable/explosive hazardous materials;

15)Fragile articles (including glass, glass products, ceramics, ceramic products, gypsum

products, lamps, fragile handicrafts; goods in fragile containers such as glass, ceramics,

enamel, etc.; fragile articles in building decoration materials such as ceramic tiles, tiles,

etc.);

16)Child pornography, adult pornography videos, and other obscene materials;

17)The transportation, import and export of goods prohibited or restricted by the laws

and regulations of the importing and exporting countries, states, and local autonomous

bodies, including the transit countries;

18)Precision machinery and equipment, that is, machinery and equipment with special

requirements for vibration amplitude, tilt angle, temperature, humidity, dust prevention,

etc. during transportation;

19)Goods with dimensions exceeding 12 meters in length and/or 2.5 meters in width

and/or 2.5 meters in height, or goods with a single weight exceeding 40 tons;

20)Means of transportation, motor vehicles, construction machinery/vehicles;

21)Deck cargo;

22)Bare cargo;

23)Other items that are not allowed to be carried in the transportation agreements of

airlines and transportation companies; Goods infringing intellectual property rights in any form and any other prohibited and

illegal goods.

Note : Institute Cargo Clauses (A) ICCA and Institute Cargo Clauses (C) ICCC

MARINE CARGO INSURANCE OVERVIEW

INSTITUTE CARGO CLAUSES (A) ICCA

INSTITUTE CARGO CLAUSES (A) RISK COVERED

Institute Cargo Clauses (A)

RISKS COVERED

Risks Clause

1.This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Clauses 4, 5, 6

and 7 below. General Average Clause

2.This insurance covers general average and 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. "Both to Blame Collision" Clause

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 defend the Assured against such claim.

General Exclusions Clause

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 caused 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 by delay, even though the delay be caused by a risk insured against

(except expenses payable under Clause 2 above)

4.6 loss damage or expense arising from insolvency or financial default of the owners managers charterers of

operators of the vessel

4.7 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.

Unseaworthiness and Unfitness Exclusion Clause

5.1 In no case shall this insurance cover loss damage or expense arising from unseaworthiness of vessel or 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.

War Exclusion Clause

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

6.1 war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or against a

belligerent power,

6.2 capture seizure arrest restraint or detainment (piracy excepted), and the consequences thereof or any attempt

thereat,

6.3 derelict mines torpedoes bombs or other derelict weapons of war.

Strikes Exclusion Clause

7. In no case shall this insurance cover loss damage or expense

7.1 caused by strikers, 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.

DURATION - Transit Clause

8 8.1 This insurance attaches from the time the goods leave the warehouse or place of storage at the place named herein

for the commencement of the transit, continues during the ordinary course of transit and terminates either

8.1.1 on delivery to the Consignees' or other final warehouse or place of storage at the destination named herein,

8.1.2 on delivery to any other warehouse or place of storage, whether prior to or at the destination named herein, which

the Assured elect to use either,

8.1.2.1 for storage other than in the ordinary course of transit or,

8.1.2.2 for allocation or distribution, or

8.1.3 on the expiry of 60 days after completion of discharge overside of the goods hereby insured from the oversea vessel

at the final port of discharge.Whichever shall first occur.

8.2 If, after discharge overside from the oversea vessel at the final port of discharge, but prior to termination of this

insurance, the goods are to be forwarded to a destination other than that to which they are insured hereunder, this insurance,

whilst remaining subject to termination as provided for above, shall not extend beyond the commencement of transit to such

other destination.

8.3 This insurance shall remain in force (subject to termination as provided for above and to the provisions of Clause 9

below)during delay beyond the control of the Assured, any deviation, forced discharge, reshipment or transhipment and

during any variation of the adventure arising from the exercise of a liberty granted to shipowners or charterers under the

contract of affreightment.

Termination of Contract of Carriage Clause

9. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at a port or

place other than the destination named therein or the transit is otherwise terminated before delivery of the goods as provided

for in Clause 8 above, then this insurance shall also terminate unless prompt notice is given to the Underwriters and

continuation of cover is requested when the insurance shall remain in force, subject to an additional premium if required by

the Underwriters, either

9.1 until the goods are sold and delivered at such port or place, or, unless otherwise specially agreed, until the expiry of 60

days after arrival of the goods hereby insured at such port or place, whichever shall first occur, or

9.2 if the goods are forwarded within the said period of 60 days (or any agreed extension thereof ) to the destination

named herein or to any other destination, until terminated in accordance with the provisions of Clause 8 above.

Change of Voyage Clause

10. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a premium and

on conditions to be arranged subject to prompt notice being given to the Underwriters.

CLAIMS -Insurable Interest Clause

11.11.1 In order to recover under this insurance the Assured must have an insurable interest in the subject-matter insured

at the time of the loss.

11.2 Subject to 11.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by

this insurance, notwithstanding that the loss occurred before the contract of insurance was concluded, unless the Assured

were aware of the loss and the Underwriters were not.

Forwarding Charges Clause

12. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a port or

place other than that to which the subject-matter is covered under this insurance. the Underwriters will reimburse the

Assured for any extra charges properly and reasonably incurred in unloading storing and forwarding the forwarding the

subject-matter to the destination to which it is insured hereunder.

This Clause 12, which does not apply to general average or salvage charges, shall be subject to the exclusions contained in

Clauses 4, 5, 6 and 7 above, and shall not include charges arising from the fault negligence insolvency or financial default of

the Assured or their servants.

Constructive Total Loss Clause

13. No claim for Constructive Total loss shall be recoverable hereunder unless the subject-matter insured is reasonably

abandoned either on account of its actual total loss appearing to be unavoidable or because the cost of recovering,

reconditioning and forwarding the subject-matter to the destination to which it is insured would exceed its value on arrival.

Increased Value Clause

14.14.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed value of the

cargo shall be deemed to be increased to the total amount insured under this insurance and all Increased Value insurances

covering the loss, and liability under this insurance shall be in such proportion as the sum insured herein bears to such total

amount insured.

In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under all other

insurances.

14.2 Where this insurance is on Increased Value the following clause shall apply:

The agreed value of the cargo shall be deemed to be equal to the total amount insured under the primary insurance and

all Increased Value insurances covering the loss and effected on the cargo by the Assured, and liability under this insurance

shall be in such proportion as the sum insured herein bears to such total amount insured.

In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under all other

insurances.

BENEFIT OF INSURANCE

Not to Inure Clause

15. This insurance shall not inure to the benefit of the carrier or other bailee.

MINIMISING LOSSES - Duty of Assured Clause

16. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder

16.1 to take such measures as may be reasonable for the purpose of averting or minimizing such loss, and

16.2 to ensure the all rights against carriers, bailees or other third parties are properly preserved and exercised

and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the Assured for any charges

properly and reasonably incurred in pursuance of these duties.

Waiver Clause

17. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the subject-

matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise prejudice the rights of either

party.

AVOIDANCE OF DELAY

Reasonable Despatch Clause

18. It is a condition of this insurance that the Assured shall act with reasonable dispatch in all circumstances within their

control.

LAW AND PRACTICE -English Law and Practice Clause

19. This insurance is subject to English law and practice.

NOTE: It is necessary for the Assured when they become aware of an event which is "held covered" under this insurance to give prompt notice to the Underwriters and the right to such cover is dependent upon compliance with this obligation.

1/1/82 CL252

Institute Classification Clause 01.01.2001

QUALIFYING VESSELS

1 This insurance and the marine transit rates as agreed in the policy or open cover apply only to cargoes and/or interests carried by

mechanically self-propelled vessels of steel construction classed with a Classification Society which is:

1.1 a Member or Associate Member of the International Association of Classification Societies (IACS), or

1.2 a National Flag Society as defined in Clause 4 below, but only where the vessel is engaged exclusively in the coastal trading of that

nation (including trading on an inter-island route within an archipelago of which that nation forms part).

Cargoes and/or interests carried by vessels not classed as above must be notified promptly to underwriters for rates and conditions to

be agreed. Should a loss occur prior to such agreement being obtained cover may be provided but only if cover would have been

available at a reasonable commercial market rate on reasonable commercial market terms.

AGE LIMITATION

2 Cargoes and/or interests carried by Qualifying Vessels (as defined above) which exceed the following age limits will be insured on the

policy or open cover conditions subject to an additional premium to be agreed.

Bulk or combination carriers over 10 years of age or

other vessels over 15 years of age unless they :

2.1 have been used for the carriage of general cargo on an established and regular pattern of trading between a range of specified ports,

and do not exceed 25 years of age, or

2.2 were constructed as containerships, vehicle carriers or double-skin open-hatch gantry crane vessels (OHGCs) and have been

continuously used as such on an established and regular pattern of trading between a range of specified ports, and do not exceed 30

years of age.

CRAFT CLAUSE

3 The requirements of this Clause do not apply to any craft used to load or unload the vessel within the port area.

NATIONAL FLAG SOCIETY

4 A National Flag Society is a Classification Society which is domiciled in the same country as the owner of the vessel in question

which must also operate under the flag of that country.

PROMPT NOTICE

5 Where this insurance requires the assured to give prompt notice to the Underwriters, the right to cover is dependent upon

compliance with that obligation.

LAW AND PRACTICE

This insurance is subject to English law and practice.

AIR TRANSPORTATION CARGO INSURANCE CLAUSES

Ⅰ. Scope of Cover

This insurance is classified into two conditions-Air Transportation Risks and Air Transportation All Risks. Where the insured goods

sustain loss or damage, the Company shall undertake to indemnify therefor according to the Insured Condition specified in the policy and the

provisions of these Clauses.

1. Air Transportation Risks

This insurance covers:

（1） Total or partial loss of the insured goods caused in the course of transportation by lightning, explosion, jettison due to the aircraft

encountering bad weather or other perils, collision, overturning, crashing or missing of the aircraft and other accidents.

（2） Reasonable cost incurred by the Insured in salvaging the goods or averting or minimizing a loss recoverable under the policy,

provided that such cost shall not exceed the value of the consignment so saved.

2. Air Transportation All Risks

Aside from the risks covered under the Air Transportation Risks conditions as above, this insurance also covers all risks of loss of or

damage to the insured goods, whether partial or total, arising from external causes in the course of transit.

Ⅱ. Exclusions

This insurance does not cover:

1. Loss or damage caused by the intentional act or fault of the Insured.

2. Loss or damage falling under the liability of the consignor.

3. Loss or damage arising from the quality or shortage of the insured goods prior to the attachment of this insurance.

4. Loss or damage arising from the normal loss, inherent vice or nature of the insured goods, loss of market and/or delay in transit

and any expenses arising therefrom.

5. Risks and Liabilities covered and excluded by the Air Transportation War Risks Clause and Strikes, Riots and Civil Commotions

Clause of the Company.

Ⅲ. Commencement and Termination of Cover

1. Warehouse to Warehouse Clause:

This insurance attaches from the time the goods hereby insured leave the warehouse or place of storage named in the Policy for the

commencement of the transit and continues in force in the ordinary course of transit until the insured goods are delivered to the consignee's

final warehouse or place of storage at the destination named in the Policy or to any other place used by the Insured for allocation or

distribution of the goods or for storage other than in the ordinary course of transit. This insurance shall, however, be limited to thirty （30）

days after completion of discharge of the insured goods from the aircraft at the final airport of discharge before they reach the above

mentioned warehouse or place of storage. If prior to the expiry of the above mentioned thirty （30） days, the insured goods are to be

forwarded to a destination other than that named in the Policy, this insurance shall terminate at the commencement of such transit.

2. If, owing to delay, deviation, forced discharge, reshipment or transhipment beyond the control of the Insured or any change or

termination of the voyage arising from the exercise of a liberty granted to the carrier under the contract of carriage, the insured goods arrive at

a place other than that named in the Policy, subject to immediate notice being given to the Company by the Insured and shall terminate as

hereunder:

（1） If the insured goods are sold at a place not named in the Policy, this insurance shall terminate on delivery of the goods sold, but in

no event shall this insurance extend beyond thirty（30） days after completion of discharge of the insured goods from the carrying aircraft at

such place.

（2） If the insured goods are to be forwarded to the final destination named in the Policy or any other destination, this insurance shall

terminate in accordance with Section（1）above.

Ⅳ. Duty of the Insured

It is the duty of the Insured to attend to all matters as specified hereunder, failing which the Company reserves the right to reject his

claim for any loss if and when such failure prejudice the rights of the Company:

1. The Insured shall take delivery of the insured goods in good time upon their arrival at the port of destination named in the Policy. In

the event of any damage to the goods, the Insured shall immediately apply for survey to the Survey and/or Settling Agent stipulated in the

policy. If the insured goods are found short in entire package or packages or to show apparent traces of damage, the Insured shall obtain from

the carrier, bailee or other relevant authorities （Customs and Airport Authorities etc.） a certificate of loss or damage and/or shortlanded

meno. Should the carrier, bailee or the other relevant authorities be responsible for such shortage or damage, the Insured shall lodge a claim

with them in writing and, if necessary, obtain their confirmation of an extension of the time limit of validity of such claim. Any failure by the

Insured to fulfill the duty will result in the Insurer’s rejection of the claim.

2. The Insured shall, and the Company may also, take reasonable measures immediately in salvaging the goods or preventing or

minimizing loss or damage thereto. The measures so taken by the Insured or by the Company shall not be considered respectively as a waiver

of abandonment hereunder or as an acceptance thereof. The Insurer will not pay for any aggravated loss due to the Insured’s failure to

fulfill the duty.

3. The following documents should accompany any claim hereunder made against this Company:

Original Policy, Airway Bill, Invoice, Packing List, Survey Report and Statement of Claim. If any third party is involved, documents relative

to pursuing of recovery from such party should also be included. If the Insurer could not verify the loss due to the Insured’s failure to fulfill

its duty to supply the documentary evidences, the Insurer will not pay for the portion of the unverifiable loss.

Ⅴ. Claim

On receipt of the Insured’s claim, the Insurer shall timely ascertain whether it is covered under the Policy and then inform the Insured of

the result of the ascertainment. If the Insurer could not make sure the coverage within 30 days of receiving a more complicated claim, the

Insurer will reach an agreement with the Insured on a reasonable period through negotiation according to the circumstances. The Insurer

shall inform the Insured of the result of his ascertainment made within the said period. If the claim is proved to fall within the coverage, the

Insurer will effect payment within 10 days of a settlement agreement reached with the Insured.

Cancellation Clause

This cover may be cancelled by either party having given in writing 30 days notice, Such cancellation however shall not apply

to any transit risk or risks which shall have attached at the time such cancellation becomes effective.

Sanction Limitation and Exclusion Clause LMA3100

No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to pay any claim or provide any benefit

hereunder to the extent that the provision of such cover payment of such claim or provision of such benefit would expose

that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic

sanctions, laws or regulations of the European Union, United Kingdom, or United States of America.

Marine Cyber Exclusion

This clause shall be paramount and shall override anything in this insurance inconsistent therewith.

1 In no case shall this insurance cover any loss, damage, liability or expense directly or indirectly caused by, contributed

to by or arising from

1.1 the failure, error or malfunction of any computer, computer system, computer software programme, code, or process

or any other electronic system, or

1.2 the use or operation, as a means for inflicting harm, of any computer, computer system, computer software

programme, malicious code, computer virus or process or any other electronic system.

LMA5402

11 November 2019

Communicable Disease Exclusion (Cargo)

1. Notwithstanding any provision to the contrary within this insurance, this insurance does not insure any loss, damage,

liability, claim, cost or expense of whatsoever nature caused by, contributed to by, resulting from, arising out of, or in

connection with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease

regardless of any other cause or event contributing concurrently or in any other sequence thereto.

2. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent

from any organism to another organism where:

2.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation

thereof, whether deemed living or not, and

2.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid

transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and

2.3. the disease, substance or agent can cause or threaten bodily injury, illness, damage to human health, human welfare or

property.

JC2020-011

17 April 2020

Russia/ Ukraine / Belarus (RUB) Conflict Exclusion Clause

（2024 Edition）

The (Re)insurance excludes any War losses (being loss or damage caused by war, civil war, revolution, rebellion, insurrection, or civil strife

arising therefrom, or any hostile act by or against a belligerent power) which occur on land in Ukraine, Russia, Belarus or Crimea.

Furthermore, this (Re)insurance Contract excludes all losses, liabilities, costs or expenses, or any other amount arising out of, originating

from, resulting from, caused by and/or contributed by the armed hostilities of the Russia-Ukraine conflict in the amended named European

locations as per JWLA-030 listed areas (below).

Europe

1. Sea of Azov and Black Sea waters enclosed by the following boundaries:

a) On the west, around Romanian waters, from the Ukraine-Romania border at 45° 10.858'N, 29°45.929'E to high seas point 45°11.235'N,

29°51.140'E.

b) thence to high seas point 45°11.474'N, 29°59.563'E and on to high seas point 45°5.354'N, 30°2.408'E.

c) thence to high seas point 44°46.625'N, 30°58.722'E and on to high seas point 44°44.244'N, 31°10.497'E.

d) thence to high seas point 44°2.877'N, 31°24.602'E and on to high seas point 43°27.091'N, 31°19.954'E.

e) and then east to the Russia-Georgia border at 43°23.126'N, 40°0.599'E.

2. All inland waters of Ukraine.

3. Inland waters of Russia within the following areas:

a. Crimean Peninsula.

b. River Don, from Sea of Azov to vertical line at 41°E.

c. River Donets, from River Don to Ukraine border.

4. All inland waters of Belarus south of horizontal line at 52°30’N.

INSTITUTE CARGO CLAUSES (C) ICCC

INSTITUTE CARGO CLAUSES (C)

Institute Cargo Clauses (C)

RISKS COVERED

Risks Clause

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

1.1 loss of 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 craft or conveyance with any external object other than water

1.1.5 discharge of cargo at a port of distress

1.2 loss of or damage to the subject-matter insured caused by

1.2.1 general average sacrifice

1.2.2 jettison.

General Average Clause

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.

“Both to Blame Collision Clause”

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 defend

the Assured against such claim.

EXCLUSIONS

General Exclusions Clause

4. In no case shall this insurance cover

4.1 loss damage or expense attributable to willful 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 caused 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 by delay, even thought the delay be

caused by a risk insured against ( except expenses payable under Clause 2 above )

4.6 loss damage or expense arising 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 person or persons

4.8 loss damage or expense arising form the use of any weapon of war employing atomic

or nuclear fission and / or fusion or other like reaction or radioactive force or matter.

Unseaworthiness and Unfitness Exclusion Clause

5.5.1 In no case shall this insurance cover loss damage or expense arising from

unseaworthiness of vessel or craft, unfitness of vessel craft 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.

War Exclusion Clause

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

6.1 war civil war revolution rebellion insurrection, 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 or any

attempt thereat

6.3 derelict mines torpedoes bombs or other derelict weapons of war.

Strikes Exclusion Clause

7. In no case shall this insurance cover loss damage or expense

7.1 caused by strikers, 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.

DURATION

Transit Clause

8.8.1 This insurance attaches from the time the goods leave the warehouse or place of storage

at the place named herein for the commencement of the transit, continues during the ordinary

course of transit and terminates either

8.1.1 on delivery to the Consignees' or other final warehouse or storage at the destination

named herein,

8.1.2 on delivery to any other warehouse or place of storage, whether prior to or at the

destination named herein, which the Assured elect to use either

8.1.2.1 for storage other than in the ordinary course of transit or

8.1.2.2 for allocation or distribution, or

8.1.3 on the expiry of 60 days after completion of discharge overside of the goods hereby

insured from the oversea vessel at the final port of discharge, whichever shall first occur.

8.2 If, after discharge overside from the oversea vessel at the final port of discharge, but prior

to termination of this insurance, the goods are to be forwarded to a destination other than that to

which they are insured hereunder, this insurance, whilst remaining subject to termination as which

they are insured hereunder, this insurance, whilst remaining subject to termination as provided for

above, shall not extend beyond the commencement of transit to such other destination.

8.3 This insurance shall remain in force ( subject to termination as provided for above and to

the provisions of Clause 9 below ) during delay beyond the control of the Assured, any deviation,

forced discharge, reshipment to transshipment and during any variation of the adventure arising

from the exercise of a liberty granted to shipowners or charterers under the contract of

affreightmment.

Termination of Contract of Carriage Clause

9. If owing to circumstances beyond the control of the Assured either the contract of carriage

is terminated at a port or place other than the destination named therein or the transit is otherwise

terminated before delivery of the goods as provided for in Clause 8 above, then this insurance

shall also terminate unless prompt notice is given to the Underwriters and continuation of cover is

requested when the insurance shall remain in force, subject to an additional premium if required

by the Underwriters, either

9.1 until the goods are sold and delivered at such port or place, or, unless otherwise specially

agreed, until the expiry of 60 days after arrival of the goods hereby insured at such port or place,

whichever shall first occur, or

9.2 if the goods are forwarded within the said period of 60 days ( or any agreed extension

thereof ) to the destination named herein or to any other destination, until terminated in

accordance with the provisions of Clause 8 above.

Change of Voyage Clause

10. Where, after attachment of this insurance, the destination is changed by the Assured, held

covered at a premium and on conditions to be arranged subject to prompt notice being given to the

Underwriters.

CLAIMS

Insurable Interest Clause

11.11.1 In order to recover under this insurance the Assured must have an insurable interest

in the subject-matter insured at the time of the loss.

11.2 Subject to 11.1 above, the Assured shall be entitled to recover for insured loss occurring

during the period covered by this insurance, notwithstanding that the loss occurred before the

contract of insurance was concluded, unless the Assured were aware of the loss and the

Underwriters were not.

Forwarding Charges Clause

12. Where, as a result of the operation of a risk covered by this insurance, the insured transit

is terminated at a port or place other than that to which the subject-matter is covered under this

insurance, the Underwriters will reimburse the Assured for any extra charges properly and

reasonably incurred in unloading storing and forwarding the subject-matter to the destination to

which it is insured hereunder.

This Clause 12, which does not apply to general average or salvage charges, shall be subject

to the exclusions contained in Clauses 4, 5, 6 and 7 above, and shall not include charges arising

from the fault negligence insolvency or financial default of the Assured or their servants.

Constructive Total Loss Clause

13. No claim for Constructive Total Loss shall be recoverable hereunder unless the subject-

matter insured is reasonably abandoned either on account of its actual total loss appearing to be

unavoidable or because the cost of recovering, reconditioning and forwarding the subject-matter to

the destination to which it is insured would exceed its value on arrival.

Increased Value Clause

14.14.1 If any Increased Value insurance is effected by the Assured on the cargo insured

herein the agreed value of the cargo shall be deemed to be increased to the total amount insured

under this insurance and all Increased Value insurances covering the loss, and liability under this

insurance shall be in such proportion as the sum insured herein bears to such total amount insured.

In the event of claim the Assured shall provide the Underwriters with evidence of the amounts

insured under all other insurances.

14.2 Where this insurance is on Increased Value the following clause shall apply:

The agreed value of the cargo shall be deemed to be equal to the total amount insured under the

primary insurance and all Increased Value insurances covering the loss and effected on the cargo

by the Assured, and liability under this insurance shall be in such proportion as the sum insured

therein bears to such total amount insured.

In the event of claim the Assured shall provide the Underwriters with evidence of the amount

insured under all other insurances.

BENEFIT OF INSURANCE

Not to Inure Clause

15. This insurance shall not inure to the benefit of the carrier or other bailee.

MINIMISING LOSSES

Duty of Assured Clause

16. It is the duty of the Assured and their servants and agents in respect of loss

recoverable hereunder

16.1 to take such measures as may be reasonable for the purpose of averting or

minimizing such loss, and

16.2 to ensure that all rights against carriers, bailees or other third parties are properly

preserved and exercised

and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the

Assured for any charges properly incurred in pursuance of these duties.

Waiver Cause

17. Measures taken by the Assured or the Underwriters with the object of saving, protecting

or recovering the subject-matter insured shall not be considered as a waiver or acceptance of

abandonment or otherwise prejudice the rights of either party.

AVOIDANCE OF DELAY

Reasonable Despatch Clause

18. It is a condition of this insurance that Assured shall act with reasonable dispatch in all

circumstances within their control.

LAW AND PRACTICE

English Law and Practice Clause

19. This insurance is subject to English law and practice.

NOTE: - It is necessary for the Assured when they become aware of an event which is “held

covered” under this insurance to give prompt notice to the Underwriters and the right to such

cover is dependent upon compliance with this obligation

1/1/82 CL254