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RISKS COVERED

Risks

INSTITUTE CARGO CLAUSES (B)

1. This insuran ce covers, except as excluded by the provisions of 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 ve ssel 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

1.1.6 earthquake volcan ic eruption or lightning,

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

1.2.1 ge neral 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 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.

General Average

2. This insurance covers general average and salvage ch arges, adjusted or dete rmined according to the con tract

of carriage 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 below.

"Both to Blame Collision Clause"

3. This insurance indemn ifies the Assured, in respect of any risk insu red herein, against liability incurred under

any Both to Blame Collision Clause in the contract of carriage. In the event of an y claim by carriers under

the said Clau se, the Assured agree to notify the Insurers who shall have the right, at their own cost and

expense, to defend 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 we ar