Shipments per steamer and/or motor vessels are subject to the Institute Classification Clause C1, 354 dated 1.1.01 or as amended.
Any shipments that would be covered hereunder but for the provisions of the Institute Classification Clause are held covered at an additional premium to be agreed, and the terms of Institute Classification Clause shall not prejudice any claim hereunder, when presentation of the advice of such claim to Underwriters is the first indication that a transshipment, beyond the control of the assured, has been made by a vessel which is not covered within the terms of such Institute Classification Clause, provided the appropriatc additional premium is paid as soon as practicable thereafter Additional premium in respect of the Institute Classification Clause to be as per London Schedule with column 1 (b) rates to prevail irrespective of tonnage or otherwise.
