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INSTITUTE DANGEROUS DRUGS CLAUSE - MCARGO

It is understood and agreed that no claim under this policy will be paid in respect of drugs to which the various International Conventions relating to Opium and other dangerous drugs apply unless 1. The drugs shall be expressly declared as such in the policy and the name of the country from which, and the name of the country to which they are consigned shall be specially stated in the policy and 2. The proof of loss is accompanied either by a licence, certificate or authorization issued by the Government of the country to which the drugs are consigned showing that the importation of the consignment into that country has been approved by that government. Or alternatively, by a licence, certificate or authorization issued by the government of the country from which the drugs are consigned showing that the export of the consignment to the destination stated has been approved. and 3. The route by which the drugs were conveyed was usual and customary.

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MISSING GOODS CLAUSE

Where the subject-matter insured hereunder (or any apportionable part) becomes missing and after the lapse of a reasonable time has not been located, an actual total loss of the subject-matter insured (or any apportionable party) may be presumed. For the purposes of this insurance, there shall be deemed to have been the lapse of a reasonable time where delivery to the consignees’ or other final warehouse or place of storage at the destination named herein has not been effected within 90 days of the expected date of such delivery. If, after the payment by the Insurer(s) of an actual total loss as provided for above, this subject-matter insured or whatever may remain thereof is located, the ownership and all proprietary rights incidental thereto shall be vested is the Insurer(s) the subject-matter insured of whatever may remain thereof.

TRANSMISSION AND DISTRIBUTION LINES EXCLUSION CLAUSE

All Transmission and distribution lines, including wire, cable, poles, pylons, standard towers and any equipment of any type of which may be attendant to such installation of any description. This exclusion includes but is not limited to transmission or distribution of electrical power, telephone or telegraph signal and all communication signal whether audio or visual. This exclusion applies to both above and below ground equipment except that which is within 1,000 meters of the insured’s premises or as defines in the Insurer’s policy(ies) This exclusion applies both to physical or damage to the equipment and all business interruption, consequential loss and/or other contingent losses related to transmission and distribution lines. Another Version This Insurance does not cover any loss, damage, costs or expense to any type pf above ground conductors for the transmission or distribution of electrical energy. Telephone, or telegraphic signals, and all communication signal whether audio

REPACKING CLAUSE

The cost repacking , reballage, rebagging, recartoning and/or repalletising shall be for the account of Insurers whether the interest insured has sustained damage or not provided the said repacking, reballage, rebagging, recartoning and/or repalleting is occasioned by a peril insured against even if such cost is incurred at final destination.