No Insurer shall be deemed to provide cover and no insurer shall be liable to pay and any claim or provide any benefit hereunder to the extent that the provision of such covers, payment of such claim or provision of such benefit would explore the insurer to any sanction, prohibition or restriction under United Nation Resolutions or the trade or economic sanctions, laws, or regulations of the European Union, United Kingdom or united States of America
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.
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