Special Clauses

A Clauses coverage (all risks) against all risks during the transportation with the exception of events (that are fixed exceptions in all insurance contracts) such as indicatively fraudulent compensation claims, pollution from radioactive materials etc. B Clauses coverage (relates to named risks) This insurance covers loss of or damage to:

1. The subject-matter insured reasonably attributable to fire or explosion, vessel or craft being stranded, grounded, sunk or capsized, overturning or derailment of land conveyance, collision or contact of vessel craft or conveyance with any external object other than water, discharge of cargo at a port of distress, earthquake, volcanic eruption or lightening
2. Loss of or damage to the subject-matter insured caused by general average sacrifice, jettison or washing overboard (deck cargo), entry of sea, lake or river water into vessel, craft, hold, conveyance, container or place of storage,
3. Total loss of any package lost overboard or dropped whilst loading on to, or unloading from, vessel or craft.

C Clauses coverage (total loss) This insurance covers:

1. Loss of or damage to the subject-matter insured reasonably attributable to fire or explosion, vessel or craft being stranded, grounded, sunk or capsized, overturning or derailment of land conveyance, collision or contact of vessel craft or conveyance with any external object other than water, discharge of cargo at a port of distress (excluded from the above water but not ice).
2. Loss of or damage to the subject-matter insured caused by general average sacrifice, jettison.

Considering (Institute Cargo Clauses CL384 dated 1.1.09 (ICC (C )) provide restricted coverage, there are certain exclusions under this option such as: earthquake, volcanic eruption or lightening, malicious damage, theft or pilferage, washing overboard (deck cargo), takings at sea (except war risks), war risks (except piracy), seawater entering ship, craft, hold, conveyance, container lift, van or place of storage, river or lake water entering same, loss overbroad during loading/unloading (total loss only), any risks of physical loss or damage not specified. In any case, there are standard exclusions in the above cargo clauses where we cannot offer insurance support: i. Loss or damage due to willful misconduct of the policyholder ii. Loss or damage due to insufficiency or unsuitability of packaging iii. Loss or damage due to delay iv. Loss or damage due to insolvency or financial default of the operators of the vessel v. Loss or damage or expenses directly or indirectly arise due to nuclear fission, atomic activity, etc.