ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,

Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

2002/189771556/01/000
MARINE EXPORT IMPORT INSURANCE OPEN POLICY
U I N - ICIHLGP21380V042021 Marine 02

Preamble
ICICI Lombard General Insurance Company Limited ("the Company"), having received a Proposal and the premium from the Proposer named in the
Schedule referred to herein below, and the said Proposal and Declaration together with any statement, report or other document leading to the
issuance of this Policy and referred to therein having been accepted and agreed to by the Company and the Proposer as the basis of this contract
do, by this Policy agree, in consideration of and subject to the due receipt of the subsequent premiums, as set out in the Schedule with all its
Parts, and further, subject to the terms and conditions contained in this Policy, as set out in the Part I,II and III of the Schedule, that on proof to the
satisfaction of the Company of the compensation having become payable as set out in Part I of the Schedule to the title of the said person or
persons claiming payment or upon the happening of an event upon which one or more benefits become payable under this Policy, the Sum Insured
/ appropriate benefit will be paid by the Company.

PART I OF THE SCHEDULE

> Insured Details

Policy Number : 2002/189771556/01/000
Issued At : MUMBAI
Name of the Insured : BOSCH LTD
Mailing Address of the Insured : New Mico Road Adugodi India Karnataka Bangalore Pin - 560030, Bangalore, Karnataka Pin-
560030.
Intermediary Details
Agency/Broker Code : CB02302
Agency/Broker Name : MARSH INDIA INSURANCE PVT LTD BANGALORE
Agent's/Broker's Mobile No. : 9742827272
Agent's/Broker's Email ID : suhail.muzafer@marsh.com

> Policy Details

Period of Insurance : From : 00:00 Hours of December 31, 2020

To : Midnight of December 30, 2021
Mode of Conveyance : Air, Courier, Rail, Road, Sea
Details of Transit : As Referred to Transit Details
Total Sales : Rs. 18,000,000,000.00
Domestic Sales : Rs. 9,000,000,000.00
Export Sales : Rs. 9,000,000,000.00
Limit Per Location : Rs. 1,381,578,000.00
Premium Computation
Domestic Basic Premium : Rs. 8,408,719.80
Domestic SRCC Premium : Rs. 442,564.20
Export Basic Premium : Rs. 8,408,719.80
Export WSRCC Premium : Rs. 442,564.20
Stamp Duty : (Rs.) 01.00
*Total Premium : (Rs.) 20,889,031.24
*Premium value mentioned above is inclusive of taxes applicable
Excess
Policy is subject to 0 % Of Claim Value INR 30000 on each and every claim
Conditions & Warranties
1. Open Policy Clause
2. Import Duty Clause
3. Multi-Transit Clause
4. Institute Theft Pilferage and Non-Delivery Clause
5. FOB Clause
6. Sanction Limitation and Exclusion Clause (LMA 3100): No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to
pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such
benefit would expose that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic
sanctions, laws or regulations of the European Union, United Kingdom or United States of America. 11/08/10 - JC2010/014
7. Warranted that the vessel used is in conformity with Institute classification Clause and should not be more than 25 years of age.
8. Limit per Sending (PSL): Notwithstanding anything to contrary contained in this contract, the limit of the insurer liability in respect of any
one accident or series of accidents arising from the same event shall not exceed the amount as specified in the schedule of the policy.
Shipment values exceeding this limit, unless prior notice is given to the company and suitable amendments have been made in the policy,
insured will be self-insurer and for partial losses condition of average will be applicable at time of claim.
9. Limit per location (PLL): Notwithstanding anything to contrary contained in this contract, Company s liability in respect of any one accident
or series of accidents arising from the same event in any one location shall not exceed the amount as specified in the schedule of the
policy. This donates accumulation of all shipments at any one place at any one time, e.g. carriers or other godowns, at the port awaiting
shipment and similar places. If such accumulations do take place exceeding the location limit, unless prior notice is given to the company
and suitable amendments have been made in the policy, condition of average will be applicable at time of claim.
10. Registered post parcel clause amended for Courier
11. Insolvency Exclusion Clause - The exclusion ¿loss damage or expense arises from insolvency or financial default of the owners, managers,
charterers or operators of the vessel¿ is amended to read as follows¿. In no case this insurance cover will exclude loss damage or expense
arising from insolvency or financial default of the owners, managers, charterers or operators of the vessel where the Assured has no
knowledge of their financial condition.
12. The liability of the insurer shall be limited to 75% of the assessed loss where the Consignment Note is issued limiting the liability of the
Common Carriers, as defined in the Carriers Act of 1865, or dispatched through non-approved mode of transport such as taxi, tempo or own
 shipment and similar places. If such accumulations do take place exceeding the location limit, unless prior notice is given to the company
and suitable amendments have been made in the policy, condition of average will be applicable at time of claim.
10. Registered post parcel clause amended for Courier
11. Insolvency Exclusion Clause - The exclusion ¿loss damage or expense arises from insolvency or financial default of the owners, managers,
charterers or operators of the vessel¿ is amended to read as follows¿. In no case this insurance cover will exclude loss damage or expense
arising from insolvency or financial default of the owners, managers, charterers or operators of the vessel where the Assured has no
knowledge of their financial condition.
12. The liability of the insurer shall be limited to 75% of the assessed loss where the Consignment Note is issued limiting the liability of the
Common Carriers, as defined in the Carriers Act of 1865, or dispatched through non-approved mode of transport such as taxi, tempo or own
vehicles etc. or unable to submit the original shipping/recovery documents depriving the right of recovery of insurers.
13. Policy shall cover the risks of mould, mildew & infestation caused by identifiable, accidental, external means during transit for brand new
items only.
14. Invalidation Clause - This insurance shall not be vitiated by any unintentional error in description of vessel, voyage or interest or by
deviation, over carriage, change of voyage, trans-shipment or any other interruption of the ordinary course of transit from causes beyond the
control of insured. It is agreed, however, that any such error, deviation or other occurrence mentioned above shall be reported to the
insurer/reinsurer as soon as known to the insured s global insurance cell. This policy shall pay for the demurrage, recall & difference in
original price and the salvage value, as applicable subject to the conditions that the carrier accepts that there has been a deviation on
account of any error or omission committed, non-acceptance of goods by the consignee on account of the untimely delivery and insured
having exercised its due control to sell the material to the original consignee.
15. Container and Seal Intact Clause - Where Cargo, insured hereunder, is carried in Containers, it is agreed, as between the Assured and
Insurers, that the fitness of the Container is hereby admitted unless the Assured or their servants are Privy to such unfitness. To the extent
that cover for shortage/ damage is provided hereunder, claims for shortage/ damage from a sealed container and/or rail tank car shall not
be invalidated by the fact that seals are or appear to be intact upon arrival. Shortage/ damage in this context shall be determined as the
difference between the number of packages loaded per the shippers or suppliers invoice or packing list and the tally made by the Assured
and/or their agents of packages removed at the time the container is unloaded.
16. Insufficiency of packing clause - Notwithstanding anything contained contrary under this policy, it is hereby agreed by the insurers that in the
event of claim being made for loss or damage which is alleged to be caused by insufficiency or unsuitability of packing and preparation of
the subject matter insured, the same shall be payable under this policy . i) if the packing or preparation was carried out by a party other than
the insured under this policy and the loss or damage arouse without the named assureds privity or knowledge and/or ii) the packing and
preparation are in accordance with the insured s usual custom or with the usual custom of the trade For this purpose, `packing includes
stowage in any container or lift- van, etc.
17. Shut out Cargo Clause The duration of the Insured Transit is extended whilst waiting for an alternative Conveyance where Goods are shutout
from the Conveyance at an intermediate place during the course of the Insured Transit
18. Contingent Duty Clause - Contingent duty (Excise/Customs) on Import/Exports (duty liability arising from a claim under this policy for
loss/damage to the goods covered under this policy)
19. Repacking clause - It is understood and agreed that if outer packing is found to be damaged due to insured risks, Insurers will pay the cost of
reasonable repacking expenses.
20. On account payments - 75% payment will be made immediately based on attested copies of claim documents establishing the loss
documents such as survey report/certificate of loss issued by carrier/FIR, police complaint etc and balance 25% on Submission of
recovery/original documents within 60 days from the date of settlement.
21. SELLER S CONTINGENCY INSURANCE CLAUSE - This policy extends to cover the goods described therein subject to cover conditions and
against the risk specified, but this extension covers sellers interest only in respect of goods & merchandise sold on FOB/C&F [or similar]
basis where the buyer is responsible for effecting marine cover on the said shipment, and claims in respect of loss or damage to the goods
and / or merchandise shall be payable hereunder only if and to the extent that a. The buyer fails to fulfill his obligations to provide insurance
or b. If the insurance provided fails to pay a claim recoverable under the terms of the policy. c. The buyer fails or refuses to accept the
shipping documents. d. The buyer fails or refuses to accept the goods where such failure or refusal arises: (i) From or in connection with any
error or omission on the part of the Assured with respect to the contract of sales (ii) From the failure or inability of the buyer to obtain
authority to import the goods where it is necessary under the regulations of the buyers country in force at the date of sale contract to obtain
due authority to import the goods and/or to pay for them as contracted and invoiced. e. The Assured exercises a lien on the goods, or
interrupts their transit, or suspends the sale contract whilst the goods are in transit, when this is reasonable to safeguard his interests.
When any claim is payable under this policy, underwriter shall be subrogated to all rights of recovery hereunder including the right of
recovery against the buyer as well as against any other party. Warranted by the Assured that the existence of this contingent insurance will
not be revealed to the seller or to any other party interested in this consignment
22. BUYER CONTINGENCY Clause - The goods as described in this section are insured against the risks specified in the Policy, but this
insurance covers Buyers Interest only. Claims in respect of loss or damage to the goods shall be payable hereunder only if and to the extent
that the Seller and/or his Underwriters fails to pay for such loss or damage. Underwriters to be subrogated to the Assureds rights against
the Seller or any other parties interested in the shipment. Any assignment of this Policy or of any interest or claim hereunder shall discharge
Underwriters from all liability whatsoever. This insurance shall not pay any claims resulting from the Seller and/or his Underwriters being
unable to reimburse the Buyer by reason of currency exchange controls. Warranted the existence of this insurance shall not be divulged to
the Seller of any other party(ies) interested in the shipment. Warranted this insurance not to be deemed double insurance. Warranted the
Assured to take all reasonable steps to hasten delivery. Warranted Underwriters are advised immediately the Assured becomes aware of
any event that may result in a claim under this Policy.
23. Airfreight Replacement Clause - Where there is loss or damage which is the subject of a claim recoverable hereunder and the Assured
considers it necessary to forward replacements by air Underwriters agree to pay the reasonable costs so involved notwithstanding that the
original consignment was not dispatched by air. In no case shall Underwriters be liable under this Clause for more than the original insured
value of the subject matter insured.
24. Wavier of subrogation - Subrogation condition is not applicable against Bosch and their subsidiaries and also where Bosch recovers partial
amount from transporters/agents. Contribution condition is not applicable under this policy.
25. Time limitation for reporting claims Admissible Claims, if any, under this policy is to be reported to the Insurer within 6 months from the
date of cancellation/natural expiration of the Policy.
26. Transit insurance of Household materials/ goods etc - Basis of Valuation will be Depreciated Market Value and cover excludes Gold,
Jewelry, Bullions, Currency, Work of Arts, Paintings or similar valuable items subjected to prior declaration for Works of arts and paintings.
AOA limit applicable for Work of art & paintings - INR 5 lacs only. Coverage of Work of art & paintings on Depreciated Market Value and
purchase bills to be provided at the time of claim.
27. Warranted any transit from, to or through Afghanistan, Iran, Sudan, Syria, Myanmar, Cuba, Iraq, Libya, North Korea, Somalia, Chechnya,
Bosnia and any of the European Union and/or United States and/or United Nations and/or United Kingdom sanctioned countries are not
covered under the policy.
28. The policy covers risks on warehouse to Warehouse basis including the risk of loading and unloading, shifting, handling, from anywhere in
the world with extension for conceal damage cover for 60 days from the date of delivery at final destination. Policy is further be extended to
cover the handling risks until each the insured item, with its original packing, is shifted to the final place of installation/storage excluding
final positioning within the maximum transit period agreed under the policy.
29. Storage cover (private, custom, transporter) arising out of normal course transit anywhere in world/ within India are covered on All risk
Basis of Marine policy as per the Duration clause only. Losses during intentional storage and/or Intermediate storage will remain excluded
under the policy.
30. Rust, oxidation, dis-colouration and/or corrosion damage howsoever caused is covered under the policy for new machinery only.
31. Time limit specified under the standard duration clause is extended by 60 days i.e.to 67 days in case of Road/Rail transits, 90 days in case
of Air and 120 days in case of Sea consignments
32. High sea sales - Policy of BOSCH will get assigned in the name of final buyer based on the final high sea agreement
33. Pre- dispatch survey/inspection for used equipment/Items Pre-dispatch inspection to be arranged by the insurer if the market value of
individual equipment exceeds INR 50 Million. For import of used / second hand goods, Chartered Engineer s inspection if arranged
conducted for custom purpose will be produced for claim. No other Pre- dispatch survey will be conducted. Tail end risk to be covered on All
Risk basis without any pre dispatch inspection/survey.
34. Self Survey - Survey is not required for all loss up to INR 3 lacs per event/per consignment note. Survey is also not required for loss due to
Non-delivery and Partial delivery Mandatory documents to be shared at the time of claim
35. FIR - FIR is required for loss above INR 2 lacs for road accidents, Fire accident, theft, burglary claims excluding incidents while in the
custody of government agencies such as customs , railways airport etc.
36. Brand Image/ Brand and label clause - In order to protect the brand image of BOSCH, the damaged item(s) if not Repairable/saleable, Bosch
will have the full authority to dispose off the damaged items and the scrap rate prevailing for such items shall be deducted from the claim
amount
37. Pair and Set total loss clause - The policy shall pay for the pair, if the item constitute complementary parts and one is damaged or lost and
the other cannot be used and /or not available in the market as single item for replacement
38. Duty / Contingent - Duty Payment of customs and other duties are automatically covered under the policy including payment of contingent
duty paid/payable on account of insured loss/damage
39. Debris Removal Clause - This insurance is extended to cover, in addition to any other amount recoverable under this insurance, extra
expenses reasonably incurred by the assured for the removal and disposal of debris of the subject matter insured, or part thereof
36. Brand Image/ Brand and label clause - In order to protect the brand image of BOSCH, the damaged item(s) if not Repairable/saleable, Bosch
will have the full authority to dispose off the damaged items and the scrap rate prevailing for such items shall be deducted from the claim
amount
37. Pair and Set total loss clause - The policy shall pay for the pair, if the item constitute complementary parts and one is damaged or lost and
the other cannot be used and /or not available in the market as single item for replacement
38. Duty / Contingent - Duty Payment of customs and other duties are automatically covered under the policy including payment of contingent
duty paid/payable on account of insured loss/damage
39. Debris Removal Clause - This insurance is extended to cover, in addition to any other amount recoverable under this insurance, extra
expenses reasonably incurred by the assured for the removal and disposal of debris of the subject matter insured, or part thereof
40. Proof of Loss Clause - Loss or damage to insured cargo under this policy shall deemed to have occurred during the currency of this
insurance and have been caused by an insured peril unless the Insurers prove to the contrary
41. Non-Delivery Clause - Shipments not delivered within 90 days after the original estimated date of delivery, and not possible to locate, shall
be deemed as non-delivered.
42. Delay exclusion clause - Delay under General Exclusion Clause modified as ¿loss or damage to the insured cargo of perishable in nature and
not otherwise
43. Warranted that goods are transported in closed wagons and /or trucks to be covered with tarpaulin or any other water proof material to
avoid ingress of wate
44. It is warranted that if the weight of the cargo exceeds than Registration Laden weight/ Licensed Carrying Capacity of the vehicle, as
mentioned in the Registration Certificate of the vehicle, then any loss or damage arising out of such transit is not covered under the above
mentioned policy.
45. CARGO TERMINATION OF STORAGE IN TRANSIT CLAUSE (AMMENDED) (for warehousing and or storage risks insured in the ordinary cause
of transit) This clause shall be paramount and shall override anything contained in this insurance inconsistent therewith. 1.
Notwithstanding any provision to the contrary contained in this Policy or the Clauses referred to therein, it is agreed that in so far as this
Policy covers loss of or damage to the subject ¿ matter insured whilst being warehoused and / or stored, this cover is conditional upon such
warehousing and/ or storage being in the ordinary course of transit and, in any event, SHALL TERMINATE EITHER. 1.1 As per the transit
clauses contained within the Policy....
46. ...Or 1.2 on delivery to the Consignee s or other final warehouse or place of storage at the destination named, 1.3 on delivery to any other
warehouse or place of storage, whether prior to or at the destination named herein, which the Assured elect to use either for storage other
in the ordinary course of transit or for allocation or distribution, Or 1.4 In the respect of marine transits, on the expiry of 60 days (Duration
Clause) plus 60 days after completion of discharge over side of the goods hereby insured from the oversea vessel at the final port of
discharge, 1.5 In respect of air transits, on the expiry of 30 days (Duration Clause) plus 60 days after unloading the subject matter insured
from the aircraft at the final airport of discharge, 1.6 in respect of rail/road transits, on the expiry of 7 days (Duration Clause) plus 60 days
after unloading the subject matter insured at the final place of discharge, Whichever shall first occur...
47. ...2. If this Contract or the Clauses referred to therein specifically provide cover for inland or other further transits following on from storage,
cover will re-attach, and continues during the ordinary course of that transit terminating again in accordance with clause 1. The cover
afforded under the extended period as agreed in this endorsement shall be subject to the terms and conditions of the current London
Institute Clauses excluding Terrorism.
48. Warranted that losses during Intentional Storage are excluded from the scope of cover under the policy
Transit Clauses
1. Cargo Description a) Production related items such as raw materials, consumables, WIP, oils, etc. b) Sales related items such as ¿ Finished
goods, trade goods, sales promotion items, stocks etc. c) Capital items such as ¿ MAE (New or second hand) , spare parts, testing
equipment s, etc d) Office equipment s/items such as furniture s, TV, gift items, lab items, etc. e) Electronic items such as Servers,
computers, laptops, etc. f) Packing materials g) House hold items h) High sea sales cargos including direct delivery to abroad customers i)
All items sent for repair and return j) To and fro cargo movements: customs, SEZ zones, offices, ware houses, mfg. plants, Exhibition items,
subcontractors, job workers, etc k) All types of returned of cargo (sales, purchase, accident cargos etc) l) All types of cargo where insured
is contractually liable to insure irrespective of PO or invoice terms. m) All FOC consignments n) IUT and movements between the customs
and bonded Warehouses o) All other items specifically not mentioned above.
2. Packing is to be read as Standard and Customary
3. Mode Of Conveyance is to be read - a) By Road, Sea, Air, Rail, Courier, by Hand, Post Parcel etc including any combination of above mode of
transits b) Sea dispatches are predominately sent by vessels confirming institute classification clause. However, deviation if any, are held
covered under the policy. c) All local transits within India (including Exports until FOB points) by road not bearing a formal document
evidencing contract of affreightment (such as dispatch made by BOSCH C&F agents in their own vehicles, contract tempo, etc.) are covered
under the policy. d) Occasional emergency dispatches (in case of transporters strike, bundh, etc) through hired vehicles, tempo, auto, etc.
without any formal carrier s receipt are covered under the policy.
4. Total Annual Turnover Estimated as INR 95,500,000,000/- with AOA : INR 1,381,578,000 (per AWB, bills of lading, LR, goods consignment
note) and AOY : INR 5,000,000,000
5. Per Sending Limit INR 1,250,000,000 (per AWB, bills of lading, LR, goods consignment note) and Per Location Limit INR 1,381,578,000 (per
AWB, bills of lading, LR, goods consignment note).
6. Excess - The Excess under the policy is to be read as - Flat INR 30,000 for Domestic Transits and Flat INR 100,000 lacs for Imports and
Exports. INR 1,000 excess for house hold items.
7. Basis of Indemnity to be read as - Total Loss /CTL: Value as per the invoice,/ FOC invoice, Excise or customs documents/stock transfer
memo, delivery challans, Quotations etc + Actual freight + packing+ Actual or contingent duties (customs and excise etc.) and
taxes+10% incidentals. For used items (total loss or CTL): Value arrived as per the above minus Depreciation @5% p.a subject to
maximum of 50% including for the technological advancement if any. Depreciation is not applicable if the invoice value represents the
market value. For Repair/replacements of parts : Actual labor charges based on bills / quotation / Vouchers, internal costing estimate +
actual or estimated duties and taxes + actual or estimated freight+ actual estimated packing cost + Cost of parts @ 5% depreciation
p.a is applicable subject to a maximum of 50% for claim under the used Machinery, Equipment and items.
8. Basis of Indemnity to be read as - Exchange rate : as per rate adopted by Bosch for accounting purpose. In case of repair/replacement of
parts, the policy will indemnify the actual cost of repair and/or replacement of parts at the exchange rate prevailed on date of payment to
the repairer/supplier of parts. For the loss before FOB point, where no AWB or BL was issued, the exchange Rate prevailed in the month in
which the invoice(s) was/were issued shall be adopted for claim settlement. In case of repair/replacement of parts, the policy will
indemnify the actual cost of repair and/or replacement of parts at the exchange rate prevailed on date of payment to the repairer/supplier of
parts. For the loss before FOB point, where no AWB or BL was issued, the exchange Rate prevailed in the month in which the invoice(s)
was/were issued shall be adopted for claim settlement. If the repair cost of any insured item exceeds 75% of the insured value, the claim to
be treated as `CTL and the claim to be settled taking into account of the salvage value of the damaged item
9. Institute Cargo Clauses (A) CL.382 (1.1.09)
10. Institute Cargo Clauses (Air) CL.389 (1.1.09)
11. Institute War Clauses (Cargo) CL.385 (1.1.09)
12. Institute War Cancellation Clauses (Cargo) (1.1.09)
13. Institute War Clauses (Air Cargo) CL.388 (1.1.09)
14. Institute Strikes Clauses (Cargo) CL.386 (1.1.09)
15. Institute Strikes Clauses (Air Cargo) (1.1.09)
16. Warranted that the vessel used is in conformity with Institute classification Clause. Warranted that for Bulk consignment Cargoes and/or
interests carried by Qualifying Vessels which exceed the following age limits will be insured on the policy or open cover conditions subject
to an additional premium to be agreed as under. Up to 20 years: No Additional Premium 20 25 years: Minimum of 0.01% 25 30 years:
Minimum of 0.02%More Than 30 Years: Terms to be agreed by the underwriterAll additional rates to apply in full shipment value. Rates of
above apply over and above the base rate / cargo rate*The rates mentioned above is net to ILGIC, and brokerage/direct cost of accusation
would be loaded on the above rate.
17. Cargo ISM Endorsement - 01/05/1998
18. Institute Classification Clause CL.354 (1.1.01)
19. Inland Transit (Rail or Road) Clause A - All Risk
20. Inland Strikes Clause ¿ Strikes Riots Civil Commotions
21. Cargo ISM Endorsement - 01/05/1998.
22. Cargo Termination of Storage in Transit Clause Amended¿ 1st April 2020
23. Cargo Termination of transit Clause ( Terrorism) ¿ 2004
24. Important Notice Clause
25. Institute Radioactive Contamination Chemical, Biological, Bio-Chemical, Electromagnetic Weapons Exclusion Clause CL.370 (10.11.03)
26. Institute Cyber Attack Exclusion Clause CL.380 (10.11.03)
27. Institute Standard Condition for Cargo Contracts 1/4/82
Transit Details
1. Cover Group : Indigenous Sales
Transit Leg : From Anywhere in India to Anywhere in India
Basis of Valuation : Invoice Value+10%
 23. Cargo Termination of transit Clause ( Terrorism) ¿ 2004
24. Important Notice Clause
25. Institute Radioactive Contamination Chemical, Biological, Bio-Chemical, Electromagnetic Weapons Exclusion Clause CL.370 (10.11.03)
26. Institute Cyber Attack Exclusion Clause CL.380 (10.11.03)
27. Institute Standard Condition for Cargo Contracts 1/4/82
Transit Details
1. Cover Group : Indigenous Sales
Transit Leg : From Anywhere in India to Anywhere in India
Basis of Valuation : Invoice Value+10%
Per Sending Limit : Rs. 1,381,578,000.00
Sum Insured : Rs. 9,000,000,000.00
Description of Cargo : As per the description in the schedule
Description of Packing : Standard & Customary
2. Cover Group : Indigenous SRCC
Transit Leg : From Anywhere in India to Anywhere in India
Basis of Valuation : Invoice Value+10%
Per Sending Limit : Rs. 1,381,578,000.00
Sum Insured : Rs. 9,000,000,000.00
Description of Cargo : As per the description in the schedule
Description of Packing : Standard & Customary

3. Cover Group : Export Sales

Transit Leg : From Anywhere in India to Anywhere in World
Basis of Valuation : CIF + 10%
Per Sending Limit : Rs. 1,250,000,000.00
Sum Insured : Rs. 9,000,000,000.00
Description of Cargo : As per the description in the schedule
Description of Packing : Standard & Customary

4. Cover Group : Export War and SRCC

Transit Leg : From Anywhere in India to Anywhere in World
Basis of Valuation : CIF + 10%
Per Sending Limit : Rs. 1,250,000,000.00
Sum Insured : Rs. 9,000,000,000.00
Description of Cargo : As per the description in the schedule
Description of Packing : Standard & Customary
5. Cover Group : Import Purchase
Transit Leg : From Anywhere in World to Anywhere in India
Basis of Valuation : CIF + 10% + Custom Duty(Actuals)
Per Sending Limit : Rs. 1,250,000,000.00
Sum Insured : Rs. 8,999,999,996.00
Description of Cargo : As per the description in the schedule
Description of Packing : Standard & Customary

6. Cover Group : Indigenous Purchase

Transit Leg : From Anywhere in India to Anywhere in India
Basis of Valuation : Invoice Value+10%
Per Sending Limit : Rs. 1,250,000,000.00
Sum Insured : Rs. 9,000,000,000.00
Description of Cargo : As per the description in the schedule
Description of Packing : Standard & Customary
7. Cover Group : Interdepot Movements
Transit Leg : From Anywhere in India to Anywhere in India
Basis of Valuation : Invoice Value+10%
Per Sending Limit : Rs. 1,250,000,000.00
Sum Insured : Rs. 9,000,000,000.00
Description of Cargo : As per the description in the schedule
Description of Packing : Standard & Customary

Co-insurance Details

S No. Name of the Co-insurer Share in % Type

1 ICICI LOMBARD GENERAL INSURANCE COMPANY LTD. 76 Leader
2 BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED 12 Follower
3 RELIANCE GENERAL INSURANCE COMPANY LTD. 12 Follower

Survey & Claim Settlement

In the event of loss or damage which may involve a claim under this insurance Policy, immediate notice thereof should be given to Insurer. In no
case, such Intimation shall be later than 7 days from date of delivery of consignment. The application for survey should be given to:
For Import: ICICI Lombard General Insurance Company LTD , ICICI LOMBARD HOUSE , 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple,
Prabhadevi, Mumbai 400 025.
For Export: Nearest Office of W . K . Webster
Claims Payable By
ICICI Lombard General Insurance Company LTD , ICICI LOMBARD HOUSE , 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple, Prabhadevi,
Mumbai 400 025.
Important Note
The Policy, conditions, terms, Warranties & exclusions should be examined and if incorrect returned for alteration, within a week of the policy
being issued, barring which this insurance contract shall be deemed a de jure acceptance of the conditions, terms, warranties & exclusions
contained herein. Every change affecting the risks insured by this Policy must be immediately advised to the Company. Failure to do this might
result in the insurance ceasing to be in effect.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

2002/189771556/01/000
MARINE EXPORT IMPORT INSURANCE OPEN POLICY

Policy shall stand cancelled ab initio in the event of non realization of the premium.
Subject otherwise to terms and conditions of Marine Export Import Insurance Open Policy.
GSTIN Reg. No : 29AAACI7904G1ZJ
IL GIC GSTIN Address : Second SVR Complex Hosur Main road Bangalore Karnataka 560068
HSN/SAC code : 9971 - GENERAL INSURANCE SERVICES
 contained herein. Every change affecting the risks insured by this Policy must be immediately advised to the Company. Failure to do this might
result in the insurance ceasing to be in effect.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

2002/189771556/01/000
MARINE EXPORT IMPORT INSURANCE OPEN POLICY

Policy shall stand cancelled ab initio in the event of non realization of the premium.
Subject otherwise to terms and conditions of Marine Export Import Insurance Open Policy.
GSTIN Reg. No : 29AAACI7904G1ZJ
IL GIC GSTIN Address : Second SVR Complex Hosur Main road Bangalore Karnataka 560068
HSN/SAC code : 9971 - GENERAL INSURANCE SERVICES

The stamp duty of Rs. 0.50 /- paid in cash or by demand draft or by pay order, vide Receipt/Challan No. CSD18420202877 dated December 04,
2020 .
Signed for and on behalf of the ICICI Lombard General Insurance Company Limited at Mumbai on January 27, 2021 .

Authorised Signatory
ICICI Lombard General Insurance Company Ltd.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE SALES TURNOVER POLICY/EXIM POLICY

1. It is hereby declared and agreed that insurers named hereunder severally agree and accept the following for
the proportion set against its name:
1.1 In event of any claim being admissible by the insurer towards the liability, to pay or make good to the
insured the value of the property at the time of the happening of its loss or destruction or the amount of
such damage thereto as provided for under the policy and or
1.2 To indemnify the insured against liability at law or damage to any property or injuries to persons as
provided for under the policy
2. Co-insurance Schedule:

Sr. No. Name of the Insurer Share (%) Type

1 ICICI LOMBARD 76 Leader
2 BAJAJ ALIANZ 12 Follower
3 RELIANCE 12 Follower

3. Conditions forming part of this clause

It is hereby agreed and understood that:
3.1 The Insured in exercise of his option has after having understood the implications, selected the above
named lead Insurer and the named Co-insurers vide sr. Nos. of the co-Insurance schedule as in point no.
2 under the policy.
3.2 The duties of insured would devolve upon the authorized intermediary licensed by IRDA (referred to as
authorised representative here after) where the insured appoints such authorized intermediary to
transact on his behalf with the insurer/s.
3.3 It shall be the responsibility of the insured or his authorised representative licensed by IRDA to decide
on the panel of co-insurers and their respective shares of the risk herein as set out in co-insurance share
under paragraph 2 above and communicate the same to all such participating co-insurers, prior to
assumption of risk.
3.4 The lead Insurer shall finalise the terms and conditions applicable to the risk in the form of an
underwriting slip with a unique code to be handed over to the Insured/Authorised intermediary.
3.5 It shall be the responsibility of the insured or his authorized representative to ensure that all insurers
listed in the co-insurance schedule under paragraph 2 above, are fully aware of the terms and conditions
of this policy and shall secure their unqualified acceptance of such terms and conditions prior to
issuance of cover and inclusion of names of insurers in this co-insurance arrangement.
3.6 During the currency of the policy, if there are any material changes in risk or as changes in original terms
and conditions such as variation in Sum Insured, changes in premium charged, extension of policy
period, etc., the same shall be communicated by the insured or his authorised representative giving
sufficient advance notice of 7 days to the leader as well as all other participating co-insurers listed in the
co-insurance schedule under paragraph 2 above and procure confirmation thereon. The endorsement to
this effect shall be executed by the lead insurer under advice to all other participating co-insurers.
3.7 The liability of the insurers shall in no case exceed in respect of each item of the sum expressed in the
set schedule to be insured thereon or in the all, the total sum insured hereby or sums as may be
substituted thereof by endorsement.
"In the event of any of the Coinsurers chosen by the Insured as per Paragraph 3.1 above and listed in
coinsurance schedule , wishes to withdraw from participation in this Policy at anytime during currency,
may do so after giving notice of 14 days ( from date of intimation of changes in risk by Insured/
Intermediary) only in the event of following contingencies:

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE SALES TURNOVER POLICY/EXIM POLICY

1. Increase in Sum Insured beyond the agreed and accepted amount including escalation in Sum
Insured, as recorded in the underwriting slip
2. Change in Terms and conditions of Cover as agreed and accepted in the UWg Slip.
In the event of withdrawal as above by any Insurer from Coinsurance participation under the policy, the
Authorised Signatory
ICICI Lombard General Insurance Company Ltd.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE SALES TURNOVER POLICY/EXIM POLICY

1. It is hereby declared and agreed that insurers named hereunder severally agree and accept the following for
the proportion set against its name:
1.1 In event of any claim being admissible by the insurer towards the liability, to pay or make good to the
insured the value of the property at the time of the happening of its loss or destruction or the amount of
such damage thereto as provided for under the policy and or
1.2 To indemnify the insured against liability at law or damage to any property or injuries to persons as
provided for under the policy
2. Co-insurance Schedule:

Sr. No. Name of the Insurer Share (%) Type

1 ICICI LOMBARD 76 Leader
2 BAJAJ ALIANZ 12 Follower
3 RELIANCE 12 Follower

3. Conditions forming part of this clause

It is hereby agreed and understood that:
3.1 The Insured in exercise of his option has after having understood the implications, selected the above
named lead Insurer and the named Co-insurers vide sr. Nos. of the co-Insurance schedule as in point no.
2 under the policy.
3.2 The duties of insured would devolve upon the authorized intermediary licensed by IRDA (referred to as
authorised representative here after) where the insured appoints such authorized intermediary to
transact on his behalf with the insurer/s.
3.3 It shall be the responsibility of the insured or his authorised representative licensed by IRDA to decide
on the panel of co-insurers and their respective shares of the risk herein as set out in co-insurance share
under paragraph 2 above and communicate the same to all such participating co-insurers, prior to
assumption of risk.
3.4 The lead Insurer shall finalise the terms and conditions applicable to the risk in the form of an
underwriting slip with a unique code to be handed over to the Insured/Authorised intermediary.
3.5 It shall be the responsibility of the insured or his authorized representative to ensure that all insurers
listed in the co-insurance schedule under paragraph 2 above, are fully aware of the terms and conditions
of this policy and shall secure their unqualified acceptance of such terms and conditions prior to
issuance of cover and inclusion of names of insurers in this co-insurance arrangement.
3.6 During the currency of the policy, if there are any material changes in risk or as changes in original terms
and conditions such as variation in Sum Insured, changes in premium charged, extension of policy
period, etc., the same shall be communicated by the insured or his authorised representative giving
sufficient advance notice of 7 days to the leader as well as all other participating co-insurers listed in the
co-insurance schedule under paragraph 2 above and procure confirmation thereon. The endorsement to
this effect shall be executed by the lead insurer under advice to all other participating co-insurers.
3.7 The liability of the insurers shall in no case exceed in respect of each item of the sum expressed in the
set schedule to be insured thereon or in the all, the total sum insured hereby or sums as may be
substituted thereof by endorsement.
"In the event of any of the Coinsurers chosen by the Insured as per Paragraph 3.1 above and listed in
coinsurance schedule , wishes to withdraw from participation in this Policy at anytime during currency,
may do so after giving notice of 14 days ( from date of intimation of changes in risk by Insured/
Intermediary) only in the event of following contingencies:

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE SALES TURNOVER POLICY/EXIM POLICY

1. Increase in Sum Insured beyond the agreed and accepted amount including escalation in Sum
Insured, as recorded in the underwriting slip
2. Change in Terms and conditions of Cover as agreed and accepted in the UWg Slip.
In the event of withdrawal as above by any Insurer from Coinsurance participation under the policy, the
Insured shall arrange for an alternative Insurer to take care of the full share of risk vacated by the
existing Insurer. In the event of Insured failing to do so, the Insured shall be considered as his own
Insurer for such share of risk or part there of which is not taken up by such alternative Co- Insurer."
3.8 In the event of a claim under this policy, the insured shall give notice of its occurrence to the Lead
Insurer with a copy to all the insurers as listed in clause 2 above.
3.9 Upon receipt of such notification of claim, all claim related activities including appointment of surveyors,
etc shall be done by the lead insurer who shall decide the admissibility as well as quantum of the claim
and the co-insurers shall abide by the same.
3.10 In the event of any claim being value of more than 5 crores the lead insurer can immediately demand
and the following co-insurer shall pay the cash call of their proportionate share of loss.
3.11 In all other cases, where the Lead Insurer pays 100% of the assessed loss, the following co-insurer/s
shall remit their share of the loss to the Lead Insurers within a maximum period of 21 days from the
date on which the Lead Insurer makes the demand.
Lead Insurer's declaration that the Claim and the amount there of was in accordance with terms and
conditions of the Policy issued shall be considered sufficient by the co-insurers for the purpose of
remitting their share of the loss to the Lead Insurer.
3.12 The co-insurers forming part of this agreement shall be entitled to demand and obtain from the Lead
Insurer/Intermediaries copies of all policies, endorsements or other claim related documents relevant
to this co-insurance clause.
In witness, whereof, this policy has been signed by ICICI LOMBARD General Insurance Company (Lead Insurer) for
itself and as authorized agents for other participating insurers named herein
Subject otherwise to the terms, exceptions, conditions and limitations of this policy.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
 coinsurance schedule , wishes to withdraw from participation in this Policy at anytime during currency,
may do so after giving notice of 14 days ( from date of intimation of changes in risk by Insured/
Intermediary) only in the event of following contingencies:

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE SALES TURNOVER POLICY/EXIM POLICY

1. Increase in Sum Insured beyond the agreed and accepted amount including escalation in Sum
Insured, as recorded in the underwriting slip
2. Change in Terms and conditions of Cover as agreed and accepted in the UWg Slip.
In the event of withdrawal as above by any Insurer from Coinsurance participation under the policy, the
Insured shall arrange for an alternative Insurer to take care of the full share of risk vacated by the
existing Insurer. In the event of Insured failing to do so, the Insured shall be considered as his own
Insurer for such share of risk or part there of which is not taken up by such alternative Co- Insurer."
3.8 In the event of a claim under this policy, the insured shall give notice of its occurrence to the Lead
Insurer with a copy to all the insurers as listed in clause 2 above.
3.9 Upon receipt of such notification of claim, all claim related activities including appointment of surveyors,
etc shall be done by the lead insurer who shall decide the admissibility as well as quantum of the claim
and the co-insurers shall abide by the same.
3.10 In the event of any claim being value of more than 5 crores the lead insurer can immediately demand
and the following co-insurer shall pay the cash call of their proportionate share of loss.
3.11 In all other cases, where the Lead Insurer pays 100% of the assessed loss, the following co-insurer/s
shall remit their share of the loss to the Lead Insurers within a maximum period of 21 days from the
date on which the Lead Insurer makes the demand.
Lead Insurer's declaration that the Claim and the amount there of was in accordance with terms and
conditions of the Policy issued shall be considered sufficient by the co-insurers for the purpose of
remitting their share of the loss to the Lead Insurer.
3.12 The co-insurers forming part of this agreement shall be entitled to demand and obtain from the Lead
Insurer/Intermediaries copies of all policies, endorsements or other claim related documents relevant
to this co-insurance clause.
In witness, whereof, this policy has been signed by ICICI LOMBARD General Insurance Company (Lead Insurer) for
itself and as authorized agents for other participating insurers named herein
Subject otherwise to the terms, exceptions, conditions and limitations of this policy.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

> PART II OF SCHEDULE

Scope of Cover
The Company hereby agrees subject to the terms, conditions and exclusions herein contained or otherwise
expressed herein, that where the coverage has been expressed in Part I of the Schedule as being in respect of
Institute Cargo Clause (A), Institute Cargo Clause (B), Institute Cargo Clause (C) or Institute Cargo Clause (Air), as
the case may be, the same shall be in terms of Institute Cargo Clause (A), Institute Cargo Clause (B). Institute
Cargo Clause (C) or Institute Cargo Clause (Air) respectively, as appended hereto. Such coverage shall be subject
to the terms, conditions and exclusions as provided therein, and always be subject to the Institute Radioactive
Contamination Exclusion Clause, the Institute Classification Clause and the Important Notice Clause, as stated
herein below.

INSTITUTE CARGO CLAUSES (A)

Risks covered

1. This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Risks Clause
Clauses 4, 5, 6 and 7 below

2. This insurance covers general average and salvage charges, adjusted or determined according to the General Average Clause
contract of General Average Clause affreightment 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
or elsewhere in this insurance.

3. This insurance is extended to indemnify the Assured against such proportion of liability under the contract of Both to Blame Collision Clause
affreightment "Both to Blame Collision" Clause as is in respect of a loss recoverable hereunder. In the event
of any claim by ship owners under the said Clause the Assured agree to notify the Underwriters 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 General Exclusions Clause

4.1 Loss damage or expense attributable to willful misconduct of the Assured.

4.2 Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
insured

4.3 Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject-matter insured (for the purpose of this Clause 4.3 "packing" shall be deemed to include
stowage in a container or lift van but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

4.4 Loss damage or expense caused by inherent vice or nature of the subject-matter insured

4.5 Loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against (except expenses payable under Clause 2 above).

4.6 Loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the vessel.

4.7 Loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter.

5. 5.1 In no case shall this insurance cover loss damage or expense arising from unseaworthiness of vessel Unseaworthiness and Unfitness
or craft, unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject- Exclusion Clause
matter insured where the Assured or their servants are privy to such unseaworthines or unfitness, at
the time the subject-matter insured is loaded therein.

5.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness
itself and as authorized agents for other participating insurers named herein
Subject otherwise to the terms, exceptions, conditions and limitations of this policy.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

> PART II OF SCHEDULE

Scope of Cover
The Company hereby agrees subject to the terms, conditions and exclusions herein contained or otherwise
expressed herein, that where the coverage has been expressed in Part I of the Schedule as being in respect of
Institute Cargo Clause (A), Institute Cargo Clause (B), Institute Cargo Clause (C) or Institute Cargo Clause (Air), as
the case may be, the same shall be in terms of Institute Cargo Clause (A), Institute Cargo Clause (B). Institute
Cargo Clause (C) or Institute Cargo Clause (Air) respectively, as appended hereto. Such coverage shall be subject
to the terms, conditions and exclusions as provided therein, and always be subject to the Institute Radioactive
Contamination Exclusion Clause, the Institute Classification Clause and the Important Notice Clause, as stated
herein below.

INSTITUTE CARGO CLAUSES (A)

Risks covered

1. This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Risks Clause
Clauses 4, 5, 6 and 7 below

2. This insurance covers general average and salvage charges, adjusted or determined according to the General Average Clause
contract of General Average Clause affreightment 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
or elsewhere in this insurance.

3. This insurance is extended to indemnify the Assured against such proportion of liability under the contract of Both to Blame Collision Clause
affreightment "Both to Blame Collision" Clause as is in respect of a loss recoverable hereunder. In the event
of any claim by ship owners under the said Clause the Assured agree to notify the Underwriters 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 General Exclusions Clause

4.1 Loss damage or expense attributable to willful misconduct of the Assured.

4.2 Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
insured

4.3 Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject-matter insured (for the purpose of this Clause 4.3 "packing" shall be deemed to include
stowage in a container or lift van but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

4.4 Loss damage or expense caused by inherent vice or nature of the subject-matter insured

4.5 Loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against (except expenses payable under Clause 2 above).

4.6 Loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the vessel.

4.7 Loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter.

5. 5.1 In no case shall this insurance cover loss damage or expense arising from unseaworthiness of vessel Unseaworthiness and Unfitness
or craft, unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject- Exclusion Clause
matter insured where the Assured or their servants are privy to such unseaworthines or unfitness, at
the time the subject-matter insured is loaded therein.

5.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness
of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are
privy to such unseaworthiness or unfitness

6. In no case shall this insurance cover loss damage or expense caused by War Exclusion Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

6.1 War civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or
against a belligerent power

6.2 Capture seizure arrest restrain or detainment (piracy excepted), and the consequences thereof or any
attempt thereat

6.3 Derelict mines torpedoes bombs or other derelict weapons of war.

7. In no case shall this insurance cover loss damage or expense Strikes Exclusion Clause

7.1 Caused by strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil
commotions

7.2 Resulting from strikes, lock-outs, labour disturbances, riots or civil commotions

7.3 Caused by any terrorist or any person acting from a political motive.
Duration

8. 8.1 This insurance attaches from the time the goods leave the warehouse or place of storage at the Transit Clause
place named herein for the commencement of the transit, continues during the ordinary course of
transit and terminates either

8.1.1 On delivery to the Consignees' or other final warehouse or place of storage at the
destination named herein,

8.1.2 On delivery to any other warehouse or place of storage, whether prior to or at the
destination named herein, which the Assured elect to use either

8.1.2.1 For storage other than in the ordinary course of transit

Or

8.1.2.2 For allocation or distribution

 privy to such unseaworthiness or unfitness

6. In no case shall this insurance cover loss damage or expense caused by War Exclusion Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

6.1 War civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or
against a belligerent power

6.2 Capture seizure arrest restrain or detainment (piracy excepted), and the consequences thereof or any
attempt thereat

6.3 Derelict mines torpedoes bombs or other derelict weapons of war.

7. In no case shall this insurance cover loss damage or expense Strikes Exclusion Clause

7.1 Caused by strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil
commotions

7.2 Resulting from strikes, lock-outs, labour disturbances, riots or civil commotions

7.3 Caused by any terrorist or any person acting from a political motive.
Duration

8. 8.1 This insurance attaches from the time the goods leave the warehouse or place of storage at the Transit Clause
place named herein for the commencement of the transit, continues during the ordinary course of
transit and terminates either

8.1.1 On delivery to the Consignees' or other final warehouse or place of storage at the
destination named herein,

8.1.2 On delivery to any other warehouse or place of storage, whether prior to or at the
destination named herein, which the Assured elect to use either

8.1.2.1 For storage other than in the ordinary course of transit

Or

8.1.2.2 For allocation or distribution

Or

8.1.3 On the expiry of 60 days after completion of discharge overside of the goods hereby insured
from the oversea vessel at the final port of discharge, Whichever shall first occur

8.2 If, after discharge overside from the oversea vessel at the final port of discharge, but prior to
termination of this insurance, the goods are to be forwarded to a destination other than that to which
they are insured hereunder, this insurance, whilst remaining subject to termination as provided for
above, shall not extend beyond the commencement of transit to such other destination.

8.3 This insurance shall remain in force (subject to termination as provided for above and to the
provisions of Clause 9 below) during delay beyond the control of the Assured, any deviation,from the
exercise of a liberty granted to shipowners or charterers under the contract of affreightment.

9. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at Termination of Contract of
a port or place other than the destination named therein or the transit is otherwise terminated before Carriage Clause
delivery of the goods as provided for in Clause 8 above, then this insurance shall also terminate unless
prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall
remain in force, subject to an additional premium if required by the Underwriters, either

9.1 Until the goods are sold and delivered at such port or place, or, unless otherwise specially agreed,
until the expiry of 60 days after arrival of the goods hereby insured at such port or place, whichever
shall first occur, or

9.2 If the goods are forwarded within the said period of 60 days (or any agreed extension thereof) to the
destination named herein or to any other destination, until terminated in accordance with the
provisions of Clause 8 above.

10. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of Voyage Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

Claims

11. 11.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter insured at the time of the loss.

11.2 Subject to 1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriter were not.

12. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a Forwarding Charges Clause
port or place other than that to which the subject -matter is covered under this insurance, the Underwriters
will reimburse the Assured for any extra charges properly and reasonably incurred in unloading storing and
forwarding the subject-matter to the destination to which it is insured hereunder.

This Clause 12, which does not apply to general average or salvage charges, shall be subject to the
exclusions contained in Clauses 4,5,6 and 7 above, and shall no include charges arising from the fault
negligence insolvency or financial default of the Assured or their servants.

13. No claim for Constructive Total Loss shall be recoverable hereunder unless the subject-matter insured is Constructive Total Loss Clause
reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the
cost of recovering, reconditioning and forwarding the subject-matter to the destination to which it is insured
would exceed its value on arrival.

14. 14.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured.

14.2 Where this Insurance is on Increased Value the following clause shall apply: The agreed value of the
cargo shall be deemed to be equal to the total amount insured under the primary insurance and all
Increased Value insurances covering the loss and affected on the cargo by the Assured and liability
under this insurance shall be in such proportion as the sum insured herein bears to such total amount
insured.In the event of claim the Assured shall provide the Underwriters with evidence of the amounts
insured under all other insurances.
10. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of Voyage Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

Claims

11. 11.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter insured at the time of the loss.

11.2 Subject to 1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriter were not.

12. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a Forwarding Charges Clause
port or place other than that to which the subject -matter is covered under this insurance, the Underwriters
will reimburse the Assured for any extra charges properly and reasonably incurred in unloading storing and
forwarding the subject-matter to the destination to which it is insured hereunder.

This Clause 12, which does not apply to general average or salvage charges, shall be subject to the
exclusions contained in Clauses 4,5,6 and 7 above, and shall no include charges arising from the fault
negligence insolvency or financial default of the Assured or their servants.

13. No claim for Constructive Total Loss shall be recoverable hereunder unless the subject-matter insured is Constructive Total Loss Clause
reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the
cost of recovering, reconditioning and forwarding the subject-matter to the destination to which it is insured
would exceed its value on arrival.

14. 14.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured.

14.2 Where this Insurance is on Increased Value the following clause shall apply: The agreed value of the
cargo shall be deemed to be equal to the total amount insured under the primary insurance and all
Increased Value insurances covering the loss and affected on the cargo by the Assured and liability
under this insurance shall be in such proportion as the sum insured herein bears to such total amount
insured.In the event of claim the Assured shall provide the Underwriters with evidence of the amounts
insured under all other insurances.

Benefit of insurance

15. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

Minimising losses

16. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder Duty of Assured Clause

16.1 To take such measures as may be reasonable for the purpose of averting or minimising such loss, and

16.2 To ensure that all rights against carriers, bailees or other third parties are properly preserved and
exercised And the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties.

17. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment of otherwise
prejudice the rights of either party.

Avoidance of delay

18. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control.

Law and practice

19. This insurance is subject to English law and practice English Law and Practice Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

NOTE:-

It is necessary for the Assured when they become aware of an event which is "held covered" under this
insurance to give prompt notice to the Underwriters and the right to such cover is dependent upon compliance
with this obligation.
 Law and practice

19. This insurance is subject to English law and practice English Law and Practice Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

NOTE:-

It is necessary for the Assured when they become aware of an event which is "held covered" under this
insurance to give prompt notice to the Underwriters and the right to such cover is dependent upon compliance
with this obligation.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE CARGO CLAUSES (B)

Risks covered Risk Clause

This insurance covers, except as provided in Clauses 4,5,6 and 7 below,

1.1 Loss of damage to the subject-matter insured reasonably attributable to

1.1.1 Fire or explosion

1.1.2 Vessel or craft being stranded grounded sunk or capsized

1.1.3 Overturning or derailment of land conveyance

1.1.4 Collision or contract of vessel craft or conveyance

1.1.5 Discharge of cargo at a port of distress

1.1.6 Earthquake volcanic eruption or lightning

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

1.2.1 General 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 liftvan or place of
storage,

1.3 Total loss of any package lost overboard or dropped while loading from, vessel or craft.

2. This insurance covers general average and salvage charges, adjusted or determined according to the General Average Clause
contract of affreightment 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 or elsewhere in this
insurance.

3. This insurance is extended to indemnify the Assured against such proportion of liability under the contract of Both to Blame Collision Clause
affreightment Clause as is in respect of a loss recoverable hereunder. In the event of any claim shipowners
under the said Clause the Assured agree to notify the Underwriters 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 General Exclusions Clause

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 wear and tear of the subject-matter
insured
 ICICI Lombard General Insurance Company LTD
ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE CARGO CLAUSES (B)

Risks covered Risk Clause

This insurance covers, except as provided in Clauses 4,5,6 and 7 below,

1.1 Loss of damage to the subject-matter insured reasonably attributable to

1.1.1 Fire or explosion

1.1.2 Vessel or craft being stranded grounded sunk or capsized

1.1.3 Overturning or derailment of land conveyance

1.1.4 Collision or contract of vessel craft or conveyance

1.1.5 Discharge of cargo at a port of distress

1.1.6 Earthquake volcanic eruption or lightning

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

1.2.1 General 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 liftvan or place of
storage,

1.3 Total loss of any package lost overboard or dropped while loading from, vessel or craft.

2. This insurance covers general average and salvage charges, adjusted or determined according to the General Average Clause
contract of affreightment 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 or elsewhere in this
insurance.

3. This insurance is extended to indemnify the Assured against such proportion of liability under the contract of Both to Blame Collision Clause
affreightment Clause as is in respect of a loss recoverable hereunder. In the event of any claim shipowners
under the said Clause the Assured agree to notify the Underwriters 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 General Exclusions Clause

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 wear and tear of the subject-matter
insured

4.3 Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject-matter insured (for the purpose of this Clause (iii) "packing" shall be deemed to include
stowage in a container or liftvan but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

4.4 Loss damage or expense caused by inherent vice or nature of the subject-matter insured.

4.5 Loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against 9except expenses payable under Clause 2 above

4.6 Loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the vessel.

4.7 Deliberate damage to or deliberate destruction of the subject-matter insured or any part thereof by
the

wrongful act of any person or persons

4.8 Loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

5. 5.1 In no case shall this insurance cover loss damage or expense arising from unseaworthiness of vessel Unseaworthiness and Unfitness
or craft, unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject- Exclusion Clause
matter insured where the Assured or their servants are privy to such unseaworthiness or unfitness, at
the time the subject-matter insured is loaded therein.

5.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness
of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are
privy to such unseaworthiness or unfitness.

6. In no case shall this insurance cover loss damage or expense caused by war civil war revolution rebellion War Exclusion Clause
insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power capture
seizure arrest restraint or detainment, and the consequences thereof or any attempt thereat derelict mines
torpedoes bombs or other derelict weapons of war.

7. In no case shall this insurance cover loss damage or expense caused by strikers, locked-out workmen, or Strikes Exclusion Clause
persons taking part in labour disturbances, riots or civil commotions resulting from strikes, lock-outs, labour
disturbances, riots or civil commotions caused by any terrorist or any person acting from a political motive.

Duration

8. 8.1 This insurance attaches from the time the goods leave the warehouse or place of storage at the Transit Clause
place named herein for the commencement of the transit, continues during the ordinary course of
transit and terminates either

8.1.1 on delivery to the Consignees' or other final warehouse or place of storage at the destination
named herein,

8.1.2 on delivery to any other warehouse or place of storage, whether prior to or at the destination
named herein, which the Assured elect to use either

8.1.2.1 for storage other than in the ordinary course of transit

 4.8 Loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

5. 5.1 In no case shall this insurance cover loss damage or expense arising from unseaworthiness of vessel Unseaworthiness and Unfitness
or craft, unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject- Exclusion Clause
matter insured where the Assured or their servants are privy to such unseaworthiness or unfitness, at
the time the subject-matter insured is loaded therein.

5.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness
of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are
privy to such unseaworthiness or unfitness.

6. In no case shall this insurance cover loss damage or expense caused by war civil war revolution rebellion War Exclusion Clause
insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power capture
seizure arrest restraint or detainment, and the consequences thereof or any attempt thereat derelict mines
torpedoes bombs or other derelict weapons of war.

7. In no case shall this insurance cover loss damage or expense caused by strikers, locked-out workmen, or Strikes Exclusion Clause
persons taking part in labour disturbances, riots or civil commotions resulting from strikes, lock-outs, labour
disturbances, riots or civil commotions caused by any terrorist or any person acting from a political motive.

Duration

8. 8.1 This insurance attaches from the time the goods leave the warehouse or place of storage at the Transit Clause
place named herein for the commencement of the transit, continues during the ordinary course of
transit and terminates either

8.1.1 on delivery to the Consignees' or other final warehouse or place of storage at the destination
named herein,

8.1.2 on delivery to any other warehouse or place of storage, whether prior to or at the destination
named herein, which the Assured elect to use either

8.1.2.1 for storage other than in the ordinary course of transit

8.1.2.2 for allocation or distribution,

or

8.1.3 on the expiry of 60 days after completion of discharge overside of the goods hereby insured
from the oversea vessel at the final port of discharge, whichever shall first occur.

8.2 If, after discharge overside from the oversea vessel at the final port of discharge, but prior to
termination of this insurance, the goods are to be forwarded to a destination other than that to which
they are insured hereunder, this insurance, whilst remaining subject to termination as provided for
above, shall not extend beyond the commencement of transit to such other destination.

8.3 This insurance shall remain in force (subject to termination as provided for above and to the
provisions of Clause 9 below) during delay beyond the control of the Assured, any deviation, forced
discharge, reshipment or transhipment and during any variation of the adventure arising from the
exercise of a liberty granted to shipowners or charterers under the contract of affreightment.

9. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at Termination of Contract of
a port or place Termination of Contract of other than the destination named therein or the transit is Carriage Clause
otherwise terminated before delivery of the goods as provided for Carriage Clause in Clause 8 above, then
this insurance shall also terminate unless prompt notice is given to the Underwriters and continuation of
cover is requested when the insurance shall remain in force, subject to an additional premium if required by
the Underwriters, either

9.1 Until the goods are sold and delivered at such port or place, or, unless otherwise specially agreed,
until the expiry of 60 days after arrival of the goods hereby insured at such port or place, whichever
shall first occur, or

9.2 If the goods are forwarded within the said period of 60 days (or any agreed extension

thereof) to the destination named herein or to any other destination, until terminated in accordance
with the provisions of Clause 8 above.

10. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of Voyage Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

Claims

11. 11.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter insured at the time of the loss.

11.2 Subject to 1 above, the Assured shall be entitled to recover for insured transit is terminated at a port
or place other than that to which the subject-matter is covered under this insurance, the Underwriters
will reimburse the Assured for any extra charges properly and reasonably incurred in unloading, storing
and forwarding the subject-matter to the destination to which it is insured hereunder.

12. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a Forwarding Charges Clause
port or place other than that to which the subject-matter is covered under this insurance, the Underwriters
will reimburse the Assured for any extra charges properly and reasonably incurred in unloading storing and
forwarding the subject-matter to the destination to which it is insured here under. This Clause 12, which
does not apply to general average or salvage charges, shall be subject to the exclusions contained in
Clauses 4, 5, 6 and 7 above, and shall not include charges arising from the fault negligence insolvency or
financial default of the Assured or their servants.

13. No claim for Constructive Total Loss shall be recoverable here under unless the subject-matter insured is Constructive Total Loss Clause
reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the
cost of recovering, reconditoning and forwarding the subject-matter to the destination to which it is insured
would exceed its value on arrival.

14. 14.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured.

14.2 Where this Insurance is on Increased Value the following clause shall apply: The agreed value of the
cargo shall be deemed to be equal to the amount insured under the primary insurance and all
Increased Value insurances covering the loss and effected on the cargo by the Assured, and liability
under this insurance shall be such proportion as the sum insured herein bears to such total amount
10. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of Voyage Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

Claims

11. 11.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter insured at the time of the loss.

11.2 Subject to 1 above, the Assured shall be entitled to recover for insured transit is terminated at a port
or place other than that to which the subject-matter is covered under this insurance, the Underwriters
will reimburse the Assured for any extra charges properly and reasonably incurred in unloading, storing
and forwarding the subject-matter to the destination to which it is insured hereunder.

12. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a Forwarding Charges Clause
port or place other than that to which the subject-matter is covered under this insurance, the Underwriters
will reimburse the Assured for any extra charges properly and reasonably incurred in unloading storing and
forwarding the subject-matter to the destination to which it is insured here under. This Clause 12, which
does not apply to general average or salvage charges, shall be subject to the exclusions contained in
Clauses 4, 5, 6 and 7 above, and shall not include charges arising from the fault negligence insolvency or
financial default of the Assured or their servants.

13. No claim for Constructive Total Loss shall be recoverable here under unless the subject-matter insured is Constructive Total Loss Clause
reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the
cost of recovering, reconditoning and forwarding the subject-matter to the destination to which it is insured
would exceed its value on arrival.

14. 14.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured.

14.2 Where this Insurance is on Increased Value the following clause shall apply: The agreed value of the
cargo shall be deemed to be equal to the amount insured under the primary insurance and all
Increased Value insurances covering the loss and effected on the cargo by the Assured, and liability
under this insurance shall be such proportion as the sum insured herein bears to such total amount
insurances.

Benefit of insurance

15. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

Minimising losses

16. It is the duty of the Assured and their servants and agents in respect of losses recoverable hereunder Duty of Assured Clause

16.1 To take such measures as may be reasonable for the purpose of averting or minimising such loss, &

16.2 To ensure that all rights against carriers, beilees or other third parties are properly preserved and
exercised And the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties

17. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment of otherwise
prejudice the rights of either part.

Avoidance of delay Reasonable Despatch

18. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control.

Law and practice

19. This insurance is subject to English law and practice. English Law and Practice Clause

NOTE:-

It is necessary for the Assured when they become aware of an event which is "held covered" under this
insurance to give prompt notice to the Underwriters and the right to such cover is dependent upon compliance
with this obligation

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE CARGO CLAUSES (C)

Risk covered

1. This insurance covers, except as provided in Clauses 4,5, 6 and 7 below, Risk Clause

1.1 loss of or damage to the subject-matter insured reasonably attributable to

1.1.1 Fire or explosion

1.1.2 vessel 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,

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

1.2.1 general average sacrifice

1.2.2 Jettison or washing overboard

2. This insurance covers general average and salvage charges, adjusted or determined according to the General Average Clause
contract of affreightment 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 or elsewhere in this
insurance.

3. This insurance is extended to indemnify the Assured against such proportion of liability under the contract of Both to Blame Collision Clause
affreightment "Both to Blame Collision" Clause as is in respect of a loss recoverable hereunder. In the event
of any claim by shipowners under the said Clause the Assured agree to notify the Underwriters who shall
have the right, at their own cost and expense, to defend the Assured against such claim.

Exclusions
 It is necessary for the Assured when they become aware of an event which is "held covered" under this
insurance to give prompt notice to the Underwriters and the right to such cover is dependent upon compliance
with this obligation

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE CARGO CLAUSES (C)

Risk covered

1. This insurance covers, except as provided in Clauses 4,5, 6 and 7 below, Risk Clause

1.1 loss of or damage to the subject-matter insured reasonably attributable to

1.1.1 Fire or explosion

1.1.2 vessel 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,

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

1.2.1 general average sacrifice

1.2.2 Jettison or washing overboard

2. This insurance covers general average and salvage charges, adjusted or determined according to the General Average Clause
contract of affreightment 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 or elsewhere in this
insurance.

3. This insurance is extended to indemnify the Assured against such proportion of liability under the contract of Both to Blame Collision Clause
affreightment "Both to Blame Collision" Clause as is in respect of a loss recoverable hereunder. In the event
of any claim by shipowners under the said Clause the Assured agree to notify the Underwriters 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 General Exclusions Clause

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 wear and tear of the subject-matter
insured

4.3 Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject-matter insured (for the purpose of this Clause 4.3 "packing" shall be deemed to include
stowage in a container or liftvan but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

4.4 Loss damage or expense caused by inherent vice or nature of the subject-matter insured

4.5 Loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against 9 except expenses payable under Clause 2 above

4.6 loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the vessel

4.7 deliberate damage to or deliberate destruction of the subject-matter insured or any part thereof by
the wrongful act of any person or persons

4.8 Loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter

5. 5.1 In no case shall this insurance cover loss damage or expense arising from unseaworthiness of vessel Unseaworthiness and Unfitness
or craft, unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject- Exclusion Clause
matter insured where the Assured or their servants are privy to such unseaworthiness or unfitness, at
the time the subject-matter insured is loaded therein.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

5.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness
of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are
privy to such unseaworthiness or unfitness.

6. In no case shall this insurance cover loss damage or expense caused by war civil war revolution rebellion War Exclusion Clause
insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power capture
seizure arrest restraint or detainment, and the consequences thereof or any attempt thereat derelict mines
torpedoes bombs or other derelict weapons of war.

7. In no case shall this insurance cover loss damage or expense caused by strikers, locked-out workmen, or Strikes Exclusion Clause
persons taking part in labour disturbances, riots or civil commotions resulting from strikes, lock-outs, labour
disturbances, riots or civil commotions caused by any terrorist or any person acting from a political motive.

Duration

8. 8.1 This insurance attaches from the time the goods leave the warehouse or place of storage at the Transit Clause
place named herein for the commencement of the transit, continues during the ordinary course of
transit and terminates either

8.1.1 on delivery to the Consignees' or other final warehouse or place of storage at the destination
named herein,

8.1.2 on delivery to any other warehouse or place of storage, whether prior to or at the destination
named herein, which the Assured elect to use either

8.1.2.1 For storage other than in the ordinary course of transit

8.1.2.2 for allocation or distribution, or

8.1.3 on the expiry of 60 days after completion of discharge overside of the goods here by insured
from the oversea vessel at the final port of discharge, whichever shall first occur.

8.2 If, after discharge overside from the oversea vessel at the final port of discharge, but prior to
termination of this insurance, the goods are to be forwarded to a destination other than that to which
they are insured hereunder, this insurance, whilst remaining subject to termination as provided for
 or craft, unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject- Exclusion Clause
matter insured where the Assured or their servants are privy to such unseaworthiness or unfitness, at
the time the subject-matter insured is loaded therein.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

5.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness
of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are
privy to such unseaworthiness or unfitness.

6. In no case shall this insurance cover loss damage or expense caused by war civil war revolution rebellion War Exclusion Clause
insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power capture
seizure arrest restraint or detainment, and the consequences thereof or any attempt thereat derelict mines
torpedoes bombs or other derelict weapons of war.

7. In no case shall this insurance cover loss damage or expense caused by strikers, locked-out workmen, or Strikes Exclusion Clause
persons taking part in labour disturbances, riots or civil commotions resulting from strikes, lock-outs, labour
disturbances, riots or civil commotions caused by any terrorist or any person acting from a political motive.

Duration

8. 8.1 This insurance attaches from the time the goods leave the warehouse or place of storage at the Transit Clause
place named herein for the commencement of the transit, continues during the ordinary course of
transit and terminates either

8.1.1 on delivery to the Consignees' or other final warehouse or place of storage at the destination
named herein,

8.1.2 on delivery to any other warehouse or place of storage, whether prior to or at the destination
named herein, which the Assured elect to use either

8.1.2.1 For storage other than in the ordinary course of transit

8.1.2.2 for allocation or distribution, or

8.1.3 on the expiry of 60 days after completion of discharge overside of the goods here by insured
from the oversea vessel at the final port of discharge, whichever shall first occur.

8.2 If, after discharge overside from the oversea vessel at the final port of discharge, but prior to
termination of this insurance, the goods are to be forwarded to a destination other than that to which
they are insured hereunder, this insurance, whilst remaining subject to termination as provided for
above, shall not extend beyond the commencement of transit to such other destination.

8.3 This insurance shall remain in force (subject to termination as provided for above and to the
provisions of Clause 9 below) during delay beyond the control of the Assured, any deviation, forced
discharge, reshipment or transhipment and during any variation of the adventure arising from the
exercise of a liberty granted to shipowners or charterers under the contract of affreightment.

9. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at Termination of Contract of
a port or place other than the destination named therein or the transit is otherwise terminated before Carriage Clause
delivery of the goods as provided for in Clause 8 above, then this insurance shall also terminate unless
prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall
remain in force, subject to an additional premium if required by the Underwriters, either

9.1 until the goods are sold and delivered at such port or place, or, unless otherwise specially agreed,
until the expiry of 60 days after arrival of the goods hereby insured at such port or place ,whichever
shall first occur, or

9.2 if the goods are forwarded within the said period of 60 days (or any agreed extension thereof) to the
destination named herein or to any other destination, until terminated in accordance with the
provisions of Clause 8 above.

10. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of Voyage Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.

Claims

11. 11.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter insured at the time of the loss.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

11.2 Subject to 11.1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.

12. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a Forwarding Charges Clause
port or place other than that to which the subject-matter is covered under this insurance, the Underwriters
will reimburse the Assured for any extra charges properly and reasonably incurred in unloading, storing and
forwarding the subject-matter to the destination to which it is insured here under.This Clause 12, which
does not apply to general average or salvage charges, shall be subject to the exclusions contained in
Clauses 4, 5, 6 and 7 above, and shall not include charges arising from the fault negligence insolvency or
financial default of the Assured or their servants.

13. No claim for Constructive Total Loss shall be recoverable here under unless the subject-matter insured is Constructive Total Loss Clause
reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the
cost of recovering, reconditioning and forwarding the subject-matter to the destination to which it is insured
would exceed its value on arrival.

14. 14.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured.

14.2 Where this Insurance is on Increased Value the following clause shall apply:

The agreed value of the cargo shall be deemed to be equal to the amount insured under the primary
insurance and all Increased Value insurances covering the loss and effected on the cargo by the
Assured, and liability under this insurance shall be such proportion as the sum insured herein bears to
such total amount insurances.

Benefit of insurance

15. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

Minimising losses

16. It is the duty of the Assured and their servants and agents in respect of losses recoverable hereunder Duty of Assured Clause
 Claims

11. 11.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter insured at the time of the loss.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

11.2 Subject to 11.1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.

12. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a Forwarding Charges Clause
port or place other than that to which the subject-matter is covered under this insurance, the Underwriters
will reimburse the Assured for any extra charges properly and reasonably incurred in unloading, storing and
forwarding the subject-matter to the destination to which it is insured here under.This Clause 12, which
does not apply to general average or salvage charges, shall be subject to the exclusions contained in
Clauses 4, 5, 6 and 7 above, and shall not include charges arising from the fault negligence insolvency or
financial default of the Assured or their servants.

13. No claim for Constructive Total Loss shall be recoverable here under unless the subject-matter insured is Constructive Total Loss Clause
reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the
cost of recovering, reconditioning and forwarding the subject-matter to the destination to which it is insured
would exceed its value on arrival.

14. 14.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured.

14.2 Where this Insurance is on Increased Value the following clause shall apply:

The agreed value of the cargo shall be deemed to be equal to the amount insured under the primary
insurance and all Increased Value insurances covering the loss and effected on the cargo by the
Assured, and liability under this insurance shall be such proportion as the sum insured herein bears to
such total amount insurances.

Benefit of insurance

15. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

Minimising losses

16. It is the duty of the Assured and their servants and agents in respect of losses recoverable hereunder Duty of Assured Clause

16.1 To take such measures as may be reasonable for the purpose of averting or minimising such loss,and

16.2 To ensure that all rights against carriers, beilees or other third parties are properly preserved and
exercised And the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties

17. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment of otherwise
prejudice the rights of either party.

Avoidance of delay Reasonable Despatch

18. It is a condition of this insurance that the Assured shall act with reasonable dispatch in all circumstances Reasonable Dispatch Clause
within their control.

Law and practice

19. This insurance is subject to English law and practice. English Law and Practice Clause

NOTE:-

It is necessary for the Assured when they become aware of an event which is "held covered" under this
insurance to give prompt notice to the Underwriters and the right to such cover is dependent upon compliance
with this obligation

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE WAR CLAUSES (CARGO)

Risk covered Risks Clause

1. This insurance covers, except as provided in Clauses 3 and 4 below, loss of or damage to the subject-
matter insured caused by

1.1 War civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or
against a belligerent power

1.2 Capture seizure arrest restraint or detainment, arising from risks covered under 1.1 above, and the
consequences thereof or any attempt thereat

1.3 Derelict mines torpedoes bombs or other derelict weapons of war.

2. This insurance covers general average and salvage charges, adjusted or determined according to the General Average Clause
contract of affreightment 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 or elsewhere in this
insurance.

Exclusions

3. In no case shall this insurance cover General Exclusions Clause

3.1 Loss damage or expense attributable to wilful misconduct of the Assured

3.2 Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject matter
insured

3.3 Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject- matter insured (for the purpose of this Clause 3.3 "packing" shall be deemed to include
stowage in a container or liftvan but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

3.4 Loss damage or expense caused by inherent vice or nature of the subject- matter insured

3.5 Loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against (except expenses payableunder Clause 2 above)

3.6 Loss damage or expense arising from insolvency or financial default of the owners, managers,
 It is necessary for the Assured when they become aware of an event which is "held covered" under this
insurance to give prompt notice to the Underwriters and the right to such cover is dependent upon compliance
with this obligation

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE WAR CLAUSES (CARGO)

Risk covered Risks Clause

1. This insurance covers, except as provided in Clauses 3 and 4 below, loss of or damage to the subject-
matter insured caused by

1.1 War civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or
against a belligerent power

1.2 Capture seizure arrest restraint or detainment, arising from risks covered under 1.1 above, and the
consequences thereof or any attempt thereat

1.3 Derelict mines torpedoes bombs or other derelict weapons of war.

2. This insurance covers general average and salvage charges, adjusted or determined according to the General Average Clause
contract of affreightment 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 or elsewhere in this
insurance.

Exclusions

3. In no case shall this insurance cover General Exclusions Clause

3.1 Loss damage or expense attributable to wilful misconduct of the Assured

3.2 Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject matter
insured

3.3 Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject- matter insured (for the purpose of this Clause 3.3 "packing" shall be deemed to include
stowage in a container or liftvan but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

3.4 Loss damage or expense caused by inherent vice or nature of the subject- matter insured

3.5 Loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against (except expenses payableunder Clause 2 above)

3.6 Loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the vessel.

3.7 Any claim based upon loss of or frustration of the voyage or adventure

3.8 Loss damage or expense arising from any hostile use of any weapon of war employing atomic or
nuclear fission and/or fusion or other like reaction or radioactive force or matter.

4. 4.1 In no case shall this insurance cover loss damage or expense arising from unseaworthiness of vessel Unseaworthiness and Unfitness
or craft, unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject- Exclusion Clause
matter insured, where the Assured or their servants are privy to such unseaworthiness or unfitness, at
the time the subject-matter insured is loaded therein.

4.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness
of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are
privy to such unseaworthiness or unfitness

Duration

5. 5.1 This insurance Transit Clause

5.1.1 Attaches only as the subject-matter insured and as to any part as that part is loaded on an
oversea vessel and

5.1.2 Terminates, subject to 5.2 and 5.3 below, either as the subject-matter insured and as to any
part as that part is discharged from an oversea vessel at the final port or place of discharge,
or
on expiry of 15 days counting from midnight of the day of arrival of the vessel at the final port
or place of discharge, whichever shall first occur; nevertheless, subject to prompt notice to
the Underwriters

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

and to an additional premium, such insurance

5.1.3 Reattaches when, without having discharged the subject-matter insured at the final port or
place of discharge, the vessel sails there from, and terminates, subject to 5.2 and 5.3 below,
either as the subject-matter insured and as to any part that part is thereafter discharged from
the vessel at the final (or substituted) port or place of discharge or on expiry of 15 days
counting from midnight of the day of re-arrival of the vessel at the final port or place of
discharge or arrival of the vessel at a substituted port or place of discharge, whichever shall
first occur.

5.2 If during the insured voyage the oversea vessel arrives at an intermediate port or place to discharge
the subject- matter insured for on-carriage by oversea vessel or by aircraft, or the goods are
discharged from the vessel at a port or place of refuge, then, subject to 5.3 below and to an
additional premium if required, this insurance continues until the expiry of 15 days counting from
midnight of the day of arrival of the vessel at such port or place, but thereafter reattaches as the
subject-matter insured and as to any part as that part is loaded on an on- carrying oversea vessel or
aircraft. During the period of 15 days the insurance remains in force after discharge only whilst the
subject-matter insured and as to any part as that part is at such port or place. If the goods are on-
carried within the said period of 15 days or if the insurance reattaches as provided in this Clause 5.2

5.2.1 Where the on-carriage is by oversea vessel this insurance continues subject to the terms of
these clauses, or

5.2.2 Where the on-carriage is by aircraft, the current Institute War Clauses (Air Cargo) (excluding
sendings by Post) shall be deemed to form part of this insurance and shall apply to the on-
carriage by air.

5.3 If the voyage in the contract of carriage is terminated at a port or place other than the destination
agreed therein, such port or place shall be deemed the final port of discharge and such insurance
 on expiry of 15 days counting from midnight of the day of arrival of the vessel at the final port
or place of discharge, whichever shall first occur; nevertheless, subject to prompt notice to
the Underwriters

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

and to an additional premium, such insurance

5.1.3 Reattaches when, without having discharged the subject-matter insured at the final port or
place of discharge, the vessel sails there from, and terminates, subject to 5.2 and 5.3 below,
either as the subject-matter insured and as to any part that part is thereafter discharged from
the vessel at the final (or substituted) port or place of discharge or on expiry of 15 days
counting from midnight of the day of re-arrival of the vessel at the final port or place of
discharge or arrival of the vessel at a substituted port or place of discharge, whichever shall
first occur.

5.2 If during the insured voyage the oversea vessel arrives at an intermediate port or place to discharge
the subject- matter insured for on-carriage by oversea vessel or by aircraft, or the goods are
discharged from the vessel at a port or place of refuge, then, subject to 5.3 below and to an
additional premium if required, this insurance continues until the expiry of 15 days counting from
midnight of the day of arrival of the vessel at such port or place, but thereafter reattaches as the
subject-matter insured and as to any part as that part is loaded on an on- carrying oversea vessel or
aircraft. During the period of 15 days the insurance remains in force after discharge only whilst the
subject-matter insured and as to any part as that part is at such port or place. If the goods are on-
carried within the said period of 15 days or if the insurance reattaches as provided in this Clause 5.2

5.2.1 Where the on-carriage is by oversea vessel this insurance continues subject to the terms of
these clauses, or

5.2.2 Where the on-carriage is by aircraft, the current Institute War Clauses (Air Cargo) (excluding
sendings by Post) shall be deemed to form part of this insurance and shall apply to the on-
carriage by air.

5.3 If the voyage in the contract of carriage is terminated at a port or place other than the destination
agreed therein, such port or place shall be deemed the final port of discharge and such insurance
terminates in accordance with 5.1.2. If the subject-matter insured is subsequently reshipped to the
original or any other destination, then provided notice is given to the Underwriters before the
commencement of such further transit and subject to an additional premium, such insurance
reattaches

5.3.1 In the case of the subject-matter insured having been discharged, as the subject-matter
insured and as to ] any part as that part is loaded on the on-carrying vessel for the voyage;

5.3.2 In the case of the subject-matter not having been discharged, when the vessel sails from
such deemed final port of discharge; thereafter such insurance terminates in accordance
with 5.1.4.

5.4 The insurance against the risks of mines and derelict torpedoes, floating or submerged, is extended
whilst the subject-matter insured or any part thereof is on craft whilst in transit to or from the oversea
vessel, but in no case beyond the expiry of 60 days after discharge from the oversea vessel unless
otherwise specially agreed by the Underwriters.

5.5 Subject to prompt notice to Underwriters, and to an additional premium if required, this insurance
shall remain in force within the provisions of these Clauses during any deviation, or any variation of
the adventure arising from the exercise of a liberty granted to shipowners or charterers under the
contract of affreightment. (For the purpose of Clause 5 "arrival" shall be deemed to mean that the
vessel is anchored, moored or otherwise secured at a berth or place ithin the Harbour Authority area.
If such a berth or place is not available, arrival is deemed to have occurred when the vessel first
anchors, moors or otherwise secures either at or off the intended port or place of discharge "oversea
vessel" shall be deemed to mean a vessel carrying the subject-matter from one port or place to
another where such voyage involves a sea passage by that vessel)

6. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of Voyage Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.

7. Anything contained in this contract which is inconsistent with Clauses 3.7, 3.8 or 5 shall, to the extent of
such inconsistency, be null and void.

Claims

8. 8.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

insured at the time of the loss.

8.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not

9. 9.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured. In the event of claim the
Assured shall provide the Underwriters with evidence of the amounts insured under all other
insurances.

9.2 Where this insurance is on Increased Value the following clause shall apply:
The agreed value of the cargo shall be deemed to be equal to the total amount insured under the
primary insurance and all Increased Value insurances covering the loss and effected on the cargo by
the Assured, and liability under this insurance shall be in such proportion as the sum insured herein
bears to such total amount insured.
In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured
under all other insurances.

BENEFIT OF INSURANCE

10. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

MINIMISING LOSSES

11. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder Duty of Assured Clause

11.1 to take such measures as may be reasonable for the purpose of averting or minimising such loss, and
 Claims

8. 8.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

insured at the time of the loss.

8.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not

9. 9.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured. In the event of claim the
Assured shall provide the Underwriters with evidence of the amounts insured under all other
insurances.

9.2 Where this insurance is on Increased Value the following clause shall apply:
The agreed value of the cargo shall be deemed to be equal to the total amount insured under the
primary insurance and all Increased Value insurances covering the loss and effected on the cargo by
the Assured, and liability under this insurance shall be in such proportion as the sum insured herein
bears to such total amount insured.
In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured
under all other insurances.

BENEFIT OF INSURANCE

10. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

MINIMISING LOSSES

11. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder Duty of Assured Clause

11.1 to take such measures as may be reasonable for the purpose of averting or minimising such loss, and

11.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and
Exercised and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties.

12. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise
prejudice the rights of either party.

AVOIDANCE OF DELAY

13. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control.

LAW AND PRACTICE

14. This insurance is subject to English law and practice. English Law and Practice Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE STRIKE CLAUSES (CARGO)
Risks covered Risks Clause

1. This insurance covers, except as provided in Clauses 3 and 4 below, loss of or damage to the subject-
matter insured caused by

1.1 strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions

1.2 any terrorist or any person acting from a political motive

2. This insurance covers general average and salvage charges, adjusted or determined according to the General Average Clause
contract of affreightment and/or the governing law and practice, incurred to avoid or in connection with the
avoidance of loss from a risk covered under these clauses.

Exclusions

3. In no case shall this insurance cover General Exclusion Clause

3.1 Loss damage or expense attributable to wilful misconduct of the Assured

3.2 Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
insured

3.3 Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject-matter insured (for the purpose of this Clause 3.3 "packing" shall be deemed to include
stowage in a container or liftvan but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

3.4 Loss damage or expense caused by inherent vice or nature of the subject-matter insured

3.5 Loss damage or expense proximately caused by delay, even though the delay becaused by a risk
insured against (except expenses payable under Clause 2 above)

3.6 Loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the vessel.

3.7 Loss damage or expense arising from the absence shortage or withholding of labour of any
description whatsoever resulting from any strike, lockout, labour disturbance, riot or civil commotion

3.8 Any claim based upon loss of or frustration of the voyage or adventure

3.9 Loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter

3.10 Loss damage or expense caused by war civil war revolution rebellion insurrection, or civil strife arising
therefrom, or any hostile act by or against a belligerent power.

4. 4.1 In no case shall this insurance cover loss damage or expense arising from unseaworthiness of vessel Unseaworthiness and Unfitness
or craft,unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject- Exclusion Clause
matter insured, where the Assured or their servants are privy to such unseaworthiness or unfitness, at
the time theubject-matter insured is loaded therein.

4.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness
of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are
privy to such unseaworthiness or unfitness
 LAW AND PRACTICE

14. This insurance is subject to English law and practice. English Law and Practice Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE STRIKE CLAUSES (CARGO)
Risks covered Risks Clause

1. This insurance covers, except as provided in Clauses 3 and 4 below, loss of or damage to the subject-
matter insured caused by

1.1 strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions

1.2 any terrorist or any person acting from a political motive

2. This insurance covers general average and salvage charges, adjusted or determined according to the General Average Clause
contract of affreightment and/or the governing law and practice, incurred to avoid or in connection with the
avoidance of loss from a risk covered under these clauses.

Exclusions

3. In no case shall this insurance cover General Exclusion Clause

3.1 Loss damage or expense attributable to wilful misconduct of the Assured

3.2 Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
insured

3.3 Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject-matter insured (for the purpose of this Clause 3.3 "packing" shall be deemed to include
stowage in a container or liftvan but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

3.4 Loss damage or expense caused by inherent vice or nature of the subject-matter insured

3.5 Loss damage or expense proximately caused by delay, even though the delay becaused by a risk
insured against (except expenses payable under Clause 2 above)

3.6 Loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the vessel.

3.7 Loss damage or expense arising from the absence shortage or withholding of labour of any
description whatsoever resulting from any strike, lockout, labour disturbance, riot or civil commotion

3.8 Any claim based upon loss of or frustration of the voyage or adventure

3.9 Loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter

3.10 Loss damage or expense caused by war civil war revolution rebellion insurrection, or civil strife arising
therefrom, or any hostile act by or against a belligerent power.

4. 4.1 In no case shall this insurance cover loss damage or expense arising from unseaworthiness of vessel Unseaworthiness and Unfitness
or craft,unfitness of vessel craft conveyance container or liftvan for the safe carriage of the subject- Exclusion Clause
matter insured, where the Assured or their servants are privy to such unseaworthiness or unfitness, at
the time theubject-matter insured is loaded therein.

4.2 The Underwriters waive any breach of the implied warranties of seaworthiness of the ship and fitness
of the ship to carry the subject-matter insured to destination, unless the Assured or their servants are
privy to such unseaworthiness or unfitness

Duration

5. 5.1 This insurance attaches from the time the goods leave the warehouse or place of storage at the Transit Clause
place named herein for the commencement of the transit, continues during the ordinary course of
transit and terminates either

5.1.1 on delivery to the Consignees' or other final warehouse or place of storage at the destination
named herein, on delivery to any other warehouse or place of storage, whether prior to or at
the destination named herein, which the Assured elect to use either

5.1.1.1 for storage other than in the ordinary course of transit or

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

5.1.1.2 for allocation or distribution,

or

5.1.2 on the expiry of 60 days after completion of discharge overside of the goods hereby insured
from the oversea vessel at the final port of discharge, whichever shall first occur.

5.2 If, after discharge overside from the oversea vessel at the final port of discharge, but prior to
termination of this insurance, the goods are to be forwarded to a destination other than that to which
they are insured hereunder, this insurance, whilst remaining subject to termination as provided for
above, shall not extend beyond the commencement of transit to such other destination.

5.3 This insurance shall remain in force (subject to termination as provided for above and to the
provisions of Clause 6 below) during delay beyond the control of the Assured, any deviation, forced
discharge, reshipment or transhipment and during any variation of the adventure arising from the
exercise of a liberty granted to shipowners or charterers under the contract of affreightment.

6. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at Termination of Contract of
a port or place other than the destination named therein or the transit is otherwise terminated before Carriage Clause
delivery of the goods as provided for in Clause 5 above, then this insurance shall also terminate unless
prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall
remain in force,subject to an additional premium if required by the Underwriters, either

6.1 until the goods are sold and delivered at such port or place, or unless otherwise specially agreed,
until the expiry of 60 days after arrival of the goods hereby insured at such port or place, whichever
shall first occur, or

6.2 if the goods are forwarded within the said period of 60 days (or any agreed extension thereof) to the
destination named herein or to any other destination, until terminated in accordance with the
provisions of Clause 5 above.

7. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of Voyage Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.
 the destination named herein, which the Assured elect to use either

5.1.1.1 for storage other than in the ordinary course of transit or

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

5.1.1.2 for allocation or distribution,

or

5.1.2 on the expiry of 60 days after completion of discharge overside of the goods hereby insured
from the oversea vessel at the final port of discharge, whichever shall first occur.

5.2 If, after discharge overside from the oversea vessel at the final port of discharge, but prior to
termination of this insurance, the goods are to be forwarded to a destination other than that to which
they are insured hereunder, this insurance, whilst remaining subject to termination as provided for
above, shall not extend beyond the commencement of transit to such other destination.

5.3 This insurance shall remain in force (subject to termination as provided for above and to the
provisions of Clause 6 below) during delay beyond the control of the Assured, any deviation, forced
discharge, reshipment or transhipment and during any variation of the adventure arising from the
exercise of a liberty granted to shipowners or charterers under the contract of affreightment.

6. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at Termination of Contract of
a port or place other than the destination named therein or the transit is otherwise terminated before Carriage Clause
delivery of the goods as provided for in Clause 5 above, then this insurance shall also terminate unless
prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall
remain in force,subject to an additional premium if required by the Underwriters, either

6.1 until the goods are sold and delivered at such port or place, or unless otherwise specially agreed,
until the expiry of 60 days after arrival of the goods hereby insured at such port or place, whichever
shall first occur, or

6.2 if the goods are forwarded within the said period of 60 days (or any agreed extension thereof) to the
destination named herein or to any other destination, until terminated in accordance with the
provisions of Clause 5 above.

7. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of Voyage Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.

CLAIMS

8. 8.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter insured at the time of the loss.

8.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, no twith standing that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.

9. 9.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured.
In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured
under all other insurances.

9.2 Where this insurance is on Increased Value the following clause shall apply: The agreed value of the
cargo shall be deemed to be equal to the total amount insured under the primary insurance and all
Increased Value insurances covering the loss and effected on the cargo by the Assured, and liability
under this insurance shall be in such proportion as the sum insured herein bears to such total amount
insured.In the event of claim the Assured shall provide the Underwriters with evidence of the amounts
insured under all other insurances.

BENEFIT OF INSURANCE

10. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

MINIMISING LOSSES

11. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder Duty of Assured Clause

11.1 to take such measures as may be reasonable for the purpose of averting or minimising such loss, and

11.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and
exercised and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties.

12. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise
prejudice the rights of either party.

AVOIDANCE OF DELAY

13. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control.

LAW AND PRACTICE

14. This insurance is subject to English law and practice. English Law and Practice Clause
 BENEFIT OF INSURANCE

10. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

MINIMISING LOSSES

11. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder Duty of Assured Clause

11.1 to take such measures as may be reasonable for the purpose of averting or minimising such loss, and

11.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and
exercised and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties.

12. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise
prejudice the rights of either party.

AVOIDANCE OF DELAY

13. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control.

LAW AND PRACTICE

14. This insurance is subject to English law and practice. English Law and Practice Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE WAR CANCELLATION CLAUSE (CARGO)

The cover against war risks (as defined in the relevant Institute War Clauses) may be cancelled by either the
Underwriters or the Assured except in respect of any insurance which shall have attached in accordance with
the conditions of the Institute War Clauses before the cancellation becomes effective. Such cancellation shall
however only become effective on the expiry of 7 days from midnight of the day on which notice of the
cancellation is issued by or to the Underwriters

INSTITUTE WAR CLAUSES (AIR CARGO)
(EXCLUDING SENDINGS BY POST)
Risks covered Risk Clause

1. This insurance covers, except as provided in Clauses 2 below, loss of or damage to the subject-matter
Insured caused by

1.1 War civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or
against a belligerent power

1.2 capture seizure arrest restraint or detainment, arising from risks covered under 1.1 above, and the
consequences thereof or any attempt thereat

1.3 derelict mines torpedoes bombs or other derelict weapons of war.

Exclusions

2. In no case shall this insurance cover General Exclusions Clause

2.1 loss damage or expense attributable to wilful misconduct of the Assured

2.2 ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
insured

2.3 loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject-matter insured (for the purpose of this Clause 2.3 "packing" shall be deemed to include
stowage in a container or liftvan but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

2.4 loss damage or expense caused by inherent vice or nature of the subject-matter insured

2.5 loss damage or expense arising from unfitness of aircraft conveyance container or liftvan for the safe
carriage of the subject-matter insured, where the Assured or their servants are privy to such unfitness
at the time the subject-matter insured is loaded therein

2.6 loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured, against

2.7 loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the aircraft.

2.8 any claim based upon loss of or frustration of the voyage or adventure

2.9 loss damage or expense arising from any hostile use of any weapon of war employing atomic or
nuclear , fission and/or fusion or other like reaction or radioactive force or matter.

3. 3.1 This insurance Transit Clause

3.1.1 attaches only as the subject-matter insured and as to any part as that part is loaded on an
oversea vessel

and

3.1.2 terminates, subject to 5.2 and 5.3 below, either as the subject-matter insured and as to any
 ICICI Lombard General Insurance Company LTD
ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE WAR CANCELLATION CLAUSE (CARGO)

The cover against war risks (as defined in the relevant Institute War Clauses) may be cancelled by either the
Underwriters or the Assured except in respect of any insurance which shall have attached in accordance with
the conditions of the Institute War Clauses before the cancellation becomes effective. Such cancellation shall
however only become effective on the expiry of 7 days from midnight of the day on which notice of the
cancellation is issued by or to the Underwriters

INSTITUTE WAR CLAUSES (AIR CARGO)
(EXCLUDING SENDINGS BY POST)
Risks covered Risk Clause

1. This insurance covers, except as provided in Clauses 2 below, loss of or damage to the subject-matter
Insured caused by

1.1 War civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or
against a belligerent power

1.2 capture seizure arrest restraint or detainment, arising from risks covered under 1.1 above, and the
consequences thereof or any attempt thereat

1.3 derelict mines torpedoes bombs or other derelict weapons of war.

Exclusions

2. In no case shall this insurance cover General Exclusions Clause

2.1 loss damage or expense attributable to wilful misconduct of the Assured

2.2 ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
insured

2.3 loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject-matter insured (for the purpose of this Clause 2.3 "packing" shall be deemed to include
stowage in a container or liftvan but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

2.4 loss damage or expense caused by inherent vice or nature of the subject-matter insured

2.5 loss damage or expense arising from unfitness of aircraft conveyance container or liftvan for the safe
carriage of the subject-matter insured, where the Assured or their servants are privy to such unfitness
at the time the subject-matter insured is loaded therein

2.6 loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured, against

2.7 loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the aircraft.

2.8 any claim based upon loss of or frustration of the voyage or adventure

2.9 loss damage or expense arising from any hostile use of any weapon of war employing atomic or
nuclear , fission and/or fusion or other like reaction or radioactive force or matter.

3. 3.1 This insurance Transit Clause

3.1.1 attaches only as the subject-matter insured and as to any part as that part is loaded on an
oversea vessel

and

3.1.2 terminates, subject to 5.2 and 5.3 below, either as the subject-matter insured and as to any
part as that part is discharged from an oversea vessel at the final port or place of discharge,
or on expiry of 15 days counting from midnight of the day of arrival of the vessel at the final
port or place of discharge, whichever shall first occur; nevertheless, subject to prompt notice
to the Underwriters and to an additional premium, such insurance

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

3.1.3 reattaches when, without having discharged the subject-matter insured at the final port or
place of discharge, the vessel sails there from, and

3.1.4 terminates, subject to 3.2 and 3.3 below, either as the subject-matter insured and as to any
part that part is thereafter discharged from the vessel at the final (or substituted) port or
place of discharge or on expiry of 15 days counting from midnight of the day of re-arrival of
the vessel at the final port or place of discharge or arrival of the vessel at a substituted port
or place of discharge, whichever shall first occur.

3.2 If during the insured voyage the oversea vessel arrives at an intermediate port or place to discharge
the subject-matter insured for on-carriage by oversea vessel or by aircraft, or the goods are
discharged from the vessel at a port or place of refuge, then, subject to 3.3 below and to an
additional premium if required, this insurance continues until the expiry of 15 days counting from
midnight of the day of arrival of the vessel at such port or place, but thereafter reattaches as the
subject-matter insured and as to any part as that part is loaded on an on-carrying oversea vessel or
aircraft. During the period of 15 days the insurance remains in force after discharge only whilst the
subject-matter insured and as to any part as that part is at such port or place. If the goods are on-
carried within the said period of 15 days or if the insurance reattaches as provided in this Clause 3.2

3.2.1 where the on-carriage is by aircraft vessel this insurance continues subject to the terms of
these clauses, or

3.2.2 where the on-carriage is by oversea vessel, the current Institute War Clauses (Air Cargo)
(excluding sendings by Post) shall be deemed to form part of this insurance and shall apply to
the on-carriage by sea

3.3 If the air transit in the contract of carriage is terminated at a place other than the destination agreed
therein, that shall be deemed to be the final place of discharge and such insurance terminates in
accordance with 3.1.2. If the subject matter insured is subsequently consigned to the original or any
other destination, then, provided notice is given to the Underwriters before the commencement of
 or on expiry of 15 days counting from midnight of the day of arrival of the vessel at the final
port or place of discharge, whichever shall first occur; nevertheless, subject to prompt notice
to the Underwriters and to an additional premium, such insurance

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

3.1.3 reattaches when, without having discharged the subject-matter insured at the final port or
place of discharge, the vessel sails there from, and

3.1.4 terminates, subject to 3.2 and 3.3 below, either as the subject-matter insured and as to any
part that part is thereafter discharged from the vessel at the final (or substituted) port or
place of discharge or on expiry of 15 days counting from midnight of the day of re-arrival of
the vessel at the final port or place of discharge or arrival of the vessel at a substituted port
or place of discharge, whichever shall first occur.

3.2 If during the insured voyage the oversea vessel arrives at an intermediate port or place to discharge
the subject-matter insured for on-carriage by oversea vessel or by aircraft, or the goods are
discharged from the vessel at a port or place of refuge, then, subject to 3.3 below and to an
additional premium if required, this insurance continues until the expiry of 15 days counting from
midnight of the day of arrival of the vessel at such port or place, but thereafter reattaches as the
subject-matter insured and as to any part as that part is loaded on an on-carrying oversea vessel or
aircraft. During the period of 15 days the insurance remains in force after discharge only whilst the
subject-matter insured and as to any part as that part is at such port or place. If the goods are on-
carried within the said period of 15 days or if the insurance reattaches as provided in this Clause 3.2

3.2.1 where the on-carriage is by aircraft vessel this insurance continues subject to the terms of
these clauses, or

3.2.2 where the on-carriage is by oversea vessel, the current Institute War Clauses (Air Cargo)
(excluding sendings by Post) shall be deemed to form part of this insurance and shall apply to
the on-carriage by sea

3.3 If the air transit in the contract of carriage is terminated at a place other than the destination agreed
therein, that shall be deemed to be the final place of discharge and such insurance terminates in
accordance with 3.1.2. If the subject matter insured is subsequently consigned to the original or any
other destination, then, provided notice is given to the Underwriters before the commencement of
such further transit and subject to an additional premium, such insurance reattaches

3.3.1 in the case of the subject-matter insured having been discharged, as the subject matter
insured and as to any part as that part is loaded on the on-carrying aircraft for the transit

3.3.2 in the case of the subject-matter not having been discharged, when the aircraft departs from
such deemed final place of discharge; thereafter such insurance terminates in accordance
with 3.1.4.

3.4 Subject to prompt notice to Underwriters, and to an additional premium if required, this insurance
shall remain in force within the provisions of these Clauses during any deviation, or any variation of
the adventure arising from the exercise of a liberty granted to shipowners or charterers under the
contract of affreightment.

(For the purpose of Clause 3 "oversea vessel" shall be deemed to mean a vessel carrying the subject-
matter from one port or place to another where such voyage involves a sea passage by that vessel)

4. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of Transit Clause
Premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.

5. Anything contained in this contract which is inconsistent with Clauses 2.8, 2.9, or 3 shall, to the extent of
such inconsistency, be null and void.

CLAIMS

6. 6.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter insured at the time of the loss.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

6.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.

7. 7.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured. In the event of claim the
Assured shall provide the Underwriters with evidence of the amounts insured under all other
insurances.

7.2 Where this insurance is on Increased Value the following clause shall apply: The agreed value of the
cargo shall be deemed to be equal to the total amount insured under the primary insurance and all
Increased Value insurances covering the loss and effected on the cargo by the Assured, and liability
under this insurance shall be in such proportion as the sum insured herein bears to such total amount
insured.In the event of claim the Assured shall provide the Underwriters with evidence of the amounts
insured under all other insurances.

BENEFIT OF INSURANCE

8. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Class

MINIMISING LOSSES

9. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder Duty of Assured Clause

9.1 to take such measures as may be reasonable for the purpose of averting or minimising such loss, &

9.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and
exercised and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties.

10. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise
prejudice the rights of either party.

AVOIDANCE OF DELAY

11. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control

LAW AND PRACTICE

 CLAIMS

6. 6.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter insured at the time of the loss.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

6.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.

7. 7.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured. In the event of claim the
Assured shall provide the Underwriters with evidence of the amounts insured under all other
insurances.

7.2 Where this insurance is on Increased Value the following clause shall apply: The agreed value of the
cargo shall be deemed to be equal to the total amount insured under the primary insurance and all
Increased Value insurances covering the loss and effected on the cargo by the Assured, and liability
under this insurance shall be in such proportion as the sum insured herein bears to such total amount
insured.In the event of claim the Assured shall provide the Underwriters with evidence of the amounts
insured under all other insurances.

BENEFIT OF INSURANCE

8. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Class

MINIMISING LOSSES

9. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder Duty of Assured Clause

9.1 to take such measures as may be reasonable for the purpose of averting or minimising such loss, &

9.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and
exercised and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties.

10. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise
prejudice the rights of either party.

AVOIDANCE OF DELAY

11. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control

LAW AND PRACTICE

12. This insurance is subject to English law and practice. English Law and Practice Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE CARGO CLAUSES (AIR )
(Excluding sendings by Post)

Risk covered

1. This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Risks Clause
Clauses 2, 3 and 4 below Risks Clause

Exclusions

2. In no case shall this insurance cover General Exclusions Clause

2.1 loss damage or expense attributable to wilful misconduct of the Assured

2.2 ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
insured

2.3 loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject-

2.4 matter insured (for the purpose of this Clause 2.3 "packing" shall be deemed to include stowage in a
container or liftvan but only when such stowage is carried out prior to attachment of this insurance or
by the Assured or their servants)

2.5 loss damage or expense caused by inherent vice or nature of the subject-matter insured

2.6 loss damage or expense arising from unfitness of aircraft conveyance container or liftvan for the safe
carriage of the subject-matter insured, where the Assured or their servants are privy to such unfitness
at the time the subject-matter insured is loaded therein

2.7 loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against

2.8 loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the aircraft.

2.9 loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter.

3. In no case shall this insurance cover loss damage or expense caused by War Exclusion Clause

3.1 war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or
against a belligerent power

3.2 capture seizure arrest restraint or detainment (piracy excepted), and the consequences thereof or
any attempt thereat derelict mines torpedoes bombs or other derelict weapons of war.

4. In no case shall this insurance cover loss damage or expense Strike Exclusion Clause

4.1 caused by strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil
commotions

4.2 resulting from strikes, lock-outs, labour disturbances, riots or civil commotions

4.3 caused by any terrorist or any person acting from a political motive.

DURATION

5. 5.1 This insurance attaches from the time the subject-matter insured leaves the warehouse, premises or Transit Clause
place of storage at the place named herein for the commencement of the transit, continues during
 LAW AND PRACTICE

12. This insurance is subject to English law and practice. English Law and Practice Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE CARGO CLAUSES (AIR )
(Excluding sendings by Post)

Risk covered

1. This insurance covers all risks of loss of or damage to the subject-matter insured except as provided in Risks Clause
Clauses 2, 3 and 4 below Risks Clause

Exclusions

2. In no case shall this insurance cover General Exclusions Clause

2.1 loss damage or expense attributable to wilful misconduct of the Assured

2.2 ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
insured

2.3 loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject-

2.4 matter insured (for the purpose of this Clause 2.3 "packing" shall be deemed to include stowage in a
container or liftvan but only when such stowage is carried out prior to attachment of this insurance or
by the Assured or their servants)

2.5 loss damage or expense caused by inherent vice or nature of the subject-matter insured

2.6 loss damage or expense arising from unfitness of aircraft conveyance container or liftvan for the safe
carriage of the subject-matter insured, where the Assured or their servants are privy to such unfitness
at the time the subject-matter insured is loaded therein

2.7 loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against

2.8 loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the aircraft.

2.9 loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter.

3. In no case shall this insurance cover loss damage or expense caused by War Exclusion Clause

3.1 war civil war revolution rebellion insurrection, or civil strife arising therefrom, or any hostile act by or
against a belligerent power

3.2 capture seizure arrest restraint or detainment (piracy excepted), and the consequences thereof or
any attempt thereat derelict mines torpedoes bombs or other derelict weapons of war.

4. In no case shall this insurance cover loss damage or expense Strike Exclusion Clause

4.1 caused by strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil
commotions

4.2 resulting from strikes, lock-outs, labour disturbances, riots or civil commotions

4.3 caused by any terrorist or any person acting from a political motive.

DURATION

5. 5.1 This insurance attaches from the time the subject-matter insured leaves the warehouse, premises or Transit Clause
place of storage at the place named herein for the commencement of the transit, continues during
the ordinary course of transit and terminates either

5.1.1 on delivery to the Consignees' or other final warehouse, premises or place of storage at the
destination named herein,

5.1.2 on delivery to any other warehouse, premises or place of storage, whether prior to or at the
destination named herein, which the Assured elect to use either

5.1.2.1 for storage other than in the ordinary course of transit or

5.1.2.2 for allocation or distribution or

5.1.3 on the expiry of 30 days after unloading the subject-matter insured from the aircraft at the
final place of discharge, whichever shall first occur.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

5.2 If, after unloading from the aircraft at the final place of discharge, but prior to termination of this
insurance, the subject-matter insured is forwarded to a destination other than that to which it is
insured hereunder, this insurance, whilst remaining subject to termination as provided for above, shall
not extend beyond the commencement of transit to such other destination.

5.3 If owing to circumstances beyond the control of the Assured either the contract of carriage is
terminated at a place other than the destination named therein or the transit is otherwise terminated
before delivery of the subject-matter insured as provided for in Clause 5 above, then this insurance
shall also terminate unless prompt notice is given to the Underwriters and continuation of cover is
requested when the insurance shall remain in force, subject to an additional premium if required by
the Underwriters, either

6. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at Termination of Contract of
a place other than the destination named therein or the transit is otherwise terminated before delivery of Carriage Clause
the subject-matter insured as provided for in Clause 5 above, then this insurance shall also terminate unless
prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall
remain in force, subject to an additional premium if required by the Underwriters, either

6.1 until the subject-matter is sold and delivered at such place or, unless otherwise specially agreed, until
the expiry of 30 days after arrival of the subject matter hereby insured at such place, whichever shall
first occur, or

6.2 if the subject-matter is forwarded within the said period of 30 days (or any agreed extension thereof)
to the destination named herein or to any other destination, until terminated in accordance with the
provisions of Clause 5 above.

7. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of transit Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters
 5.1.3 on the expiry of 30 days after unloading the subject-matter insured from the aircraft at the
final place of discharge, whichever shall first occur.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

5.2 If, after unloading from the aircraft at the final place of discharge, but prior to termination of this
insurance, the subject-matter insured is forwarded to a destination other than that to which it is
insured hereunder, this insurance, whilst remaining subject to termination as provided for above, shall
not extend beyond the commencement of transit to such other destination.

5.3 If owing to circumstances beyond the control of the Assured either the contract of carriage is
terminated at a place other than the destination named therein or the transit is otherwise terminated
before delivery of the subject-matter insured as provided for in Clause 5 above, then this insurance
shall also terminate unless prompt notice is given to the Underwriters and continuation of cover is
requested when the insurance shall remain in force, subject to an additional premium if required by
the Underwriters, either

6. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at Termination of Contract of
a place other than the destination named therein or the transit is otherwise terminated before delivery of Carriage Clause
the subject-matter insured as provided for in Clause 5 above, then this insurance shall also terminate unless
prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall
remain in force, subject to an additional premium if required by the Underwriters, either

6.1 until the subject-matter is sold and delivered at such place or, unless otherwise specially agreed, until
the expiry of 30 days after arrival of the subject matter hereby insured at such place, whichever shall
first occur, or

6.2 if the subject-matter is forwarded within the said period of 30 days (or any agreed extension thereof)
to the destination named herein or to any other destination, until terminated in accordance with the
provisions of Clause 5 above.

7. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a Change of transit Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters

CLAIMS

8. 8.1 In order to recover under this insurance the Assured must have an insurable interest in the subject- Insurable Interest Clause
matter insured at the time of the loss

8.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.

9. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a Forwarding Charges Clause
place other than that to which the subject-matter is covered under this insurance, the Underwriters will
reimburse the Assured for any extra charges properly and reasonably incurred in unloading storing and
forwarding the subject-matter to the destination to which it is insured hereunder. This Clause 9, which does
not apply to general average or salvage charges, shall be subject to the exclusions contained in Clauses 2,
3 and 4 above, and shall not include charges arising from the fault negligence insolvency or financial
default of the Assured or their servants.

10. No claim for Constructive Total Loss shall be recoverable hereunder unless the subject-matter insured is Constructive Total Loss Clause
reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the
cost of recovering, reconditioning and forwarding the subject-matter to the destination to which it is insured
would exceed its value on arrival.

11. 11.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in
such proportion as the sum insured herein bears to such total amount insured. In the event of claim
the Assured shall provide the Underwriters with evidence of the amounts insured under all other
insurances.

11.2 Where this insurance is on Increased Value the following clause shall apply: The agreed value of the Waiver Clause
cargo shall be deemed to be equal to the total amount insured under the primary insurance and all
Increased Value insurances covering the loss and effected on the cargo by the Assured, and liability
under this insurance shall be in such proportion as the sum insured herein bears to such total amount
insured.

In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under
all other insurances.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

BENEFIT OF INSURANCE

12. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

MINIMISING LOSSES

13. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder Duty of Assured Clause

13.1 to take such measures as may be reasonable for the purpose of averting or minimising such loss,

and

13.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and
exercised and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties.

14. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise
prejudice the rights of either party.

AVOIDANCE OF DELAY

15. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control.

LAW AND PRACTICE

16. This insurance is subject to English law and practice English Law and Practice Clause
 In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under
all other insurances.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

BENEFIT OF INSURANCE

12. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

MINIMISING LOSSES

13. It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder Duty of Assured Clause

13.1 to take such measures as may be reasonable for the purpose of averting or minimising such loss,

and

13.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and
exercised and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties.

14. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise
prejudice the rights of either party.

AVOIDANCE OF DELAY

15. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control.

LAW AND PRACTICE

16. This insurance is subject to English law and practice English Law and Practice Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE STRIKE CLAUSES (AIR CARGO)

Risks covered Risks Clause

1. This insurance covers, except as provided in Clause 2 below, loss of or damage to the subject-matter
insured caused by

1.1 strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions

1.2 any terrorist or any person acting from a political motive.

Exclusions

2. In no case shall this insurance cover General Exclusion Clause

2.1 loss damage or expense attributable to wilful misconduct of the Assured

2.2 ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
insured

2.3 loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject- matter insured (for the purpose of this Clause 2.3 "packing" shall be deemed to include
stowage in a container or liftvan but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

2.4 loss damage or expense caused by inherent vice or nature of the subject-matter insured

2.5 loss damage or expense arising from unfitness of aircraft conveyance container or liftvan for the safe
carriage of the subject-matter insured, where the Assured or their servants are privy to such unfitness
at the time the subject-matter insured is loaded therein

2.6 loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against

2.7 loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the aircraft.

2.8 loss damage or expense arising from the absence shortage or withholding of labour of any description
whatsoever resulting from any strike, lockout, labour disturbance, riot or civil commotion

2.9 any claim based upon loss of or frustration of the voyage or adventure

2.10 loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter

2.11 loss damage or expense caused by war civil war revolution rebellion insurrection, or civil strife arising
therefrom, or any hostile act by or against a belligerent power.

Duration Transit Clause

3. 3.1 This insurance attaches from the time the subject-matter insured leaves the warehouse, premises or
place of storage at the place named herein for the commencement of the transit, continues during
the ordinary course of transit and terminates either

3.1.1 on delivery to the Consignees' or other final warehouse, premises or place of storage at the
destination named herein

3.1.2 on delivery to any other warehouse, premises or place of storage, whether prior to or at the
destination named herein, which the Assured elect to use either

3.1.2.1 for storage other than in the ordinary course of transit or

3.1.2.2 for allocation or distribution or

3.1.3 on the expiry of 30 days after unloading the subject-matter insured from the aircraft at the
final place of discharge, whichever shall first occur.

3.2 If, after unloading from the aircraft at the final place of discharge, but prior to termination of this
 ICICI Lombard General Insurance Company LTD
ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE STRIKE CLAUSES (AIR CARGO)

Risks covered Risks Clause

1. This insurance covers, except as provided in Clause 2 below, loss of or damage to the subject-matter
insured caused by

1.1 strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions

1.2 any terrorist or any person acting from a political motive.

Exclusions

2. In no case shall this insurance cover General Exclusion Clause

2.1 loss damage or expense attributable to wilful misconduct of the Assured

2.2 ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
insured

2.3 loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the
subject- matter insured (for the purpose of this Clause 2.3 "packing" shall be deemed to include
stowage in a container or liftvan but only when such stowage is carried out prior to attachment of
this insurance or by the Assured or their servants)

2.4 loss damage or expense caused by inherent vice or nature of the subject-matter insured

2.5 loss damage or expense arising from unfitness of aircraft conveyance container or liftvan for the safe
carriage of the subject-matter insured, where the Assured or their servants are privy to such unfitness
at the time the subject-matter insured is loaded therein

2.6 loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against

2.7 loss damage or expense arising from insolvency or financial default of the owners, managers,
charterers or operators of the aircraft.

2.8 loss damage or expense arising from the absence shortage or withholding of labour of any description
whatsoever resulting from any strike, lockout, labour disturbance, riot or civil commotion

2.9 any claim based upon loss of or frustration of the voyage or adventure

2.10 loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter

2.11 loss damage or expense caused by war civil war revolution rebellion insurrection, or civil strife arising
therefrom, or any hostile act by or against a belligerent power.

Duration Transit Clause

3. 3.1 This insurance attaches from the time the subject-matter insured leaves the warehouse, premises or
place of storage at the place named herein for the commencement of the transit, continues during
the ordinary course of transit and terminates either

3.1.1 on delivery to the Consignees' or other final warehouse, premises or place of storage at the
destination named herein

3.1.2 on delivery to any other warehouse, premises or place of storage, whether prior to or at the
destination named herein, which the Assured elect to use either

3.1.2.1 for storage other than in the ordinary course of transit or

3.1.2.2 for allocation or distribution or

3.1.3 on the expiry of 30 days after unloading the subject-matter insured from the aircraft at the
final place of discharge, whichever shall first occur.

3.2 If, after unloading from the aircraft at the final place of discharge, but prior to termination of this
insurance, the subject-matter insured is forwarded to a destination other than that to which it is
insured hereunder, this insurance, whilst remaining subject to termination as provided for above, shall
not extend beyond the commencement of transit to such other destination.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

3.3 This insurance shall remain in force (subject to termination as provided for above and to the
provisions of Clause 4 below) during delay beyond the control of the Assured, any deviation, forced
discharge, reshipment or transhipment and during any variation of the adventure arising from the
exercise of a liberty granted to the air carriers under the contract of carriage.

4. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at Termination of Contract of
a place other than the destination named therein or the transit is otherwise terminated before delivery of Carriage Clause
the subject-matter insured as provided for in Clause 3 above, then this insurance shall also terminate unless
prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall
remain in force, subject to an additional premium if required by the Underwriters, either

4.1 until the subject-matter is sold and delivered at such place or, unless otherwise specially agreed, until
the expiry of 30 days after arrival of the subject-matter hereby insured at such place, whichever shall
first occur, or

4.2 if the subject-matter is forwarded within the said period of 30 days (or any agreed extension thereof)
to the destination named herein or to any other destination, until terminated in accordance with the
provisions of Clause 3 above.

5. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at Change of Voyage Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.

CLAIMS

6. 6.1 In order to recover under this insurance the Assured must have an insurable interest in the Insurable Interest Clause
subjectmatter insured at the time of the loss.

6.2 Subject to 6.1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.
 insurance, the subject-matter insured is forwarded to a destination other than that to which it is
insured hereunder, this insurance, whilst remaining subject to termination as provided for above, shall
not extend beyond the commencement of transit to such other destination.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

3.3 This insurance shall remain in force (subject to termination as provided for above and to the
provisions of Clause 4 below) during delay beyond the control of the Assured, any deviation, forced
discharge, reshipment or transhipment and during any variation of the adventure arising from the
exercise of a liberty granted to the air carriers under the contract of carriage.

4. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at Termination of Contract of
a place other than the destination named therein or the transit is otherwise terminated before delivery of Carriage Clause
the subject-matter insured as provided for in Clause 3 above, then this insurance shall also terminate unless
prompt notice is given to the Underwriters and continuation of cover is requested when the insurance shall
remain in force, subject to an additional premium if required by the Underwriters, either

4.1 until the subject-matter is sold and delivered at such place or, unless otherwise specially agreed, until
the expiry of 30 days after arrival of the subject-matter hereby insured at such place, whichever shall
first occur, or

4.2 if the subject-matter is forwarded within the said period of 30 days (or any agreed extension thereof)
to the destination named herein or to any other destination, until terminated in accordance with the
provisions of Clause 3 above.

5. Where, after attachment of this insurance, the destination is changed by the Assured, held covered at Change of Voyage Clause
premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.

CLAIMS

6. 6.1 In order to recover under this insurance the Assured must have an insurable interest in the Insurable Interest Clause
subjectmatter insured at the time of the loss.

6.2 Subject to 6.1 above, the Assured shall be entitled to recover for insured loss occurring during the
period covered by this insurance, notwithstanding that the loss occurred before the contract of
insurance was concluded, unless the Assured were aware of the loss and the Underwriters were not.

concluded, unless the Assured were aware of the loss and the Underwriters were not.

7. 7.1 If any Increased Value insurance is effected by the Assured on the cargo insured herein the agreed Increased Value Clause
value of the cargo shall be deemed to be increased to the total amount insured under this insurance
and all Increased Value insurances covering the loss, and liability under this insurance shall be in such
proportion as the sum insured herein bears to such total amount insured. In the event of claim the
Assured shall provide the Underwriters with evidence of the amounts insured under all other
insurances.

7.2 Where this insurance is on Increased Value the following clause shall apply: The agreed value of the
cargo shall be deemed to be equal to the total amount insured under the primary insurance and all
Increased Value insurances covering the loss and effected on the cargo by the Assured, and liability
under this insurance shall be in such proportion as the sum insured herein bears to such total amount
insured. In the event of claim the Assured shall provide the Underwriters with evidence of the
amounts insured under all other insurances.

BENEFIT OF INSURANCE

8. This insurance shall not inure to the benefit of the carrier or other bailee. Not to Inure Clause

MINIMISING LOSSES

9. 9.1 It is the duty of the Assured and their servants and agents in respect of loss recoverable hereunder to Duty of Assured
take such measures as may be reasonable for the purpose of averting or minimising such loss, Clause
and

9.2 to ensure that all rights against carriers, bailees or other third parties are properly preserved and
exercised and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the
Assured for any charges properly and reasonably incurred in pursuance of these duties.

10. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise
prejudice the rights of either party.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

AVOIDANCE OF DELAY

11. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control.

LAW AND PRACTICE

12. This insurance is subject to English law and practice English Law and Practice Clause
10. Measures taken by the Assured or the Underwriters with the object of saving, protecting or recovering the Waiver Clause
subject-matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise
prejudice the rights of either party.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

AVOIDANCE OF DELAY

11. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances Reasonable Despatch Clause
within their control.

LAW AND PRACTICE

12. This insurance is subject to English law and practice English Law and Practice Clause

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE

This clause shall be paramount and shall override anything contained in this insurance inconsistent therewith

1. In no case shall this insurance cover loss damage liability or expense directly or indirectly caused by or
contributed to by or arising from

1.1 ionising radiations from or contamination by radioactivity from any nuclear fuel or from any nuclear
waste or from the combustion of nuclear fuel

1.2 the radioactive, toxic, explosive or other hazardous or contaminating properties of any nuclear
installation, reactor or other nuclear assembly or nuclear component thereof

1.3 any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or
radioactive force or matter.

INSTITUTE CLASSIFICATION CLAUSE

This clause shall apply only in the case of classified vessels for all or any of the Institute Cargo Clauses cover,
viz., (A),

(B), (C) or (Air). In case the vessel to be used is an unclassified vessel, then, as stated in Part I of the Schedule
to the policy, additional premium shall be payable by the insured, at the Company's sole discretion.

THE MARINE TRANSIT RATES AGREED FOR THIS INSURANCE APPLY ONLY TO CARGOES AND/OR INTERESTS
CARRIED BY MECHANICALLY SELF-PROPELLED VESSELS OF STEEL CONSTRUCTION, CLASSED AS BELOW BY
ONE OF THE FOLLOWING CLASSIFICATION SOCIETIES

Lloyd's Register

American Bureau of Shipping

Bureau Veritas

China Classification Society

Germanischer Lloyd

Korean Register of Shipping

Maritime Register of Shipping

 ICICI Lombard General Insurance Company LTD
ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INSTITUTE RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE

This clause shall be paramount and shall override anything contained in this insurance inconsistent therewith

1. In no case shall this insurance cover loss damage liability or expense directly or indirectly caused by or
contributed to by or arising from

1.1 ionising radiations from or contamination by radioactivity from any nuclear fuel or from any nuclear
waste or from the combustion of nuclear fuel

1.2 the radioactive, toxic, explosive or other hazardous or contaminating properties of any nuclear
installation, reactor or other nuclear assembly or nuclear component thereof

1.3 any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or
radioactive force or matter.

INSTITUTE CLASSIFICATION CLAUSE
This clause shall apply only in the case of classified vessels for all or any of the Institute Cargo Clauses cover,
viz., (A),

(B), (C) or (Air). In case the vessel to be used is an unclassified vessel, then, as stated in Part I of the Schedule
to the policy, additional premium shall be payable by the insured, at the Company's sole discretion.

THE MARINE TRANSIT RATES AGREED FOR THIS INSURANCE APPLY ONLY TO CARGOES AND/OR INTERESTS
CARRIED BY MECHANICALLY SELF-PROPELLED VESSELS OF STEEL CONSTRUCTION, CLASSED AS BELOW BY
ONE OF THE FOLLOWING CLASSIFICATION SOCIETIES

Lloyd's Register

American Bureau of Shipping

Bureau Veritas

China Classification Society

Germanischer Lloyd

Korean Register of Shipping

Maritime Register of Shipping

Nippon Kaiji Kyokai

Norske Veritas

Registro Italiano

PROVIDED SUCH VESSELS ARE

1. 1.1 not bulk and/or combination carriers over 10 years of age.

1.2 not mineral oil tankers exceeding 50,000 GRT which are over 10 years of age.

2. 2.1 not over 15 years of age, OR

2.2 over 15 years of age but not over 25 years of age and have established and maintained a regular
pattern of trading on an advertised schedule to load and unload at specified ports.

CHARTERED VESSELS AND ALSO VESSELS UNDER 1000 G.R.T. WHICH ARE MECHANICALLY SELFPROPELLED
AND OF STEEL CONSTRUCTION MUST BE CLASSED AS ABOVE AND NOT OVER THE AGE LIMITATIONS
SPECIFIED ABOVE.

THE REQUIREMENTS OF THE INSTITUTE CLASSIFICATION CLAUSE DO NOT APPLY TO ANY CRAFT, RAFT OR
LIGHTER, USED TO LOAD OR UNLOAD THE VESSEL, WHILST THEY ARE WITHIN THE PORT AREA.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

CARGOES AND/OR INTERESTS CARRIED BY MECHANICALLY SELF-PROPELLED VESSELS NOT FALLING WITHIN
THE SCOPE OF THE ABOVE ARE HELD COVERED SUBJECT TO A PREMIUM AND ON CONDITIONS TO BE
AGREED.

SURVEY AND CLAIMS SETTLEMENT
In the event of loss or damage which may involve a claim under the insurance immediate notice of such loss or
damage should be given to and a Survey Report obtained from the settling agent specified in the Policy /
Certificate of Insurance.

BASIS OF ASSESSMENT OF CLAIM
1. For total loss or non delivery of the entire insured property or the subject-matter insured, as specified, the
Sum Insured.;

2. For partial non-delivery, the proportionate amount of the Sum Insured;

3. For Shortage: Proportionate Sum Insured

4. For damage to insured property.

4.1 Repairable: Cost of repairs in full subject to Sum Insured being found adequate; otherwise
settlement shall be subject to Condition of Average.

4.2 Not Repairable: Proportionate Sum Insured for the item damaged.

DOCUMENTATION OF CLAIMS

1. Original policy or certificate of Insurance.

2. Original or copy of shipping invoices ,freight invoices together with shipping specification and/ or weight
notes.

3. Original Bill of Lading and/ or other contract of carriage like Airway Bill/Consignment Note(including Reverse
side)

4. Survey report or other documentary evidence to show the extent of the loss or damage

5. Landing account and weight notes. Remarks last at use at destination

THE REQUIREMENTS OF THE INSTITUTE CLASSIFICATION CLAUSE DO NOT APPLY TO ANY CRAFT, RAFT OR
LIGHTER, USED TO LOAD OR UNLOAD THE VESSEL, WHILST THEY ARE WITHIN THE PORT AREA.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

CARGOES AND/OR INTERESTS CARRIED BY MECHANICALLY SELF-PROPELLED VESSELS NOT FALLING WITHIN
THE SCOPE OF THE ABOVE ARE HELD COVERED SUBJECT TO A PREMIUM AND ON CONDITIONS TO BE
AGREED.

SURVEY AND CLAIMS SETTLEMENT
In the event of loss or damage which may involve a claim under the insurance immediate notice of such loss or
damage should be given to and a Survey Report obtained from the settling agent specified in the Policy /
Certificate of Insurance.

BASIS OF ASSESSMENT OF CLAIM
1. For total loss or non delivery of the entire insured property or the subject-matter insured, as specified, the
Sum Insured.;

2. For partial non-delivery, the proportionate amount of the Sum Insured;

3. For Shortage: Proportionate Sum Insured

4. For damage to insured property.

4.1 Repairable: Cost of repairs in full subject to Sum Insured being found adequate; otherwise
settlement shall be subject to Condition of Average.

4.2 Not Repairable: Proportionate Sum Insured for the item damaged.

DOCUMENTATION OF CLAIMS

1. Original policy or certificate of Insurance.

2. Original or copy of shipping invoices ,freight invoices together with shipping specification and/ or weight
notes.

3. Original Bill of Lading and/ or other contract of carriage like Airway Bill/Consignment Note(including Reverse
side)

4. Survey report or other documentary evidence to show the extent of the loss or damage

5. Landing account and weight notes. Remarks last at use at destination

6. Correspondence exchanged with the Carriers and other Parties regarding their liability for the loss or
damage.

7. Replacement/ Repair Quotation

8. Police Report (If applicable)

ENDORSEMENTS
1. War and Warlike Operations & Strikes, Riots and Civil Commotion

In consideration of the payment of additional premium, it is hereby declared and agreed that
notwithstanding anything to the contrary contained in the within written policy, coverage under the policy
is extended to:

1.1 Compensate the insured for loss or damage caused by war and warlike operations, as specified in
the Institute War Clauses (Cargo) or the Institute War Clauses (Air Cargo), as applicable, appended
hereafter, for which a claim is made by the insured and accepted by the Company. Provided that the
extension hereinabove is subject to the Institute War Cancellation Clause (Cargo) as appended
hereafter.

1.2 Compensate the insured for loss or damage caused by strikes, riots and civil commotion, as
specified in the Institute Strikes Clauses (Cargo) or the Institute Strikes Clauses (Air Cargo), as
applicable, appended hereafter, for which a claim is made by the insured and accepted by the
Company.

It is further agreed that the War exclusion clause under Institute Cargo Clauses (A), (B) or (C) or
under the Institute Cargo Clauses (Air) as made applicable vide the scope of cover above, as the
case may be, stands deleted.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

It is further agreed that the Strikes exclusion clause under Institute Cargo Clauses (A), (B) or (C) or
under the Institute Cargo Clauses (Air) as made applicable vide the scope of cover above, stands
deleted.

Subject otherwise to the terms and conditions of this policy.

2. Duty Insurance Cover

In consideration of the payment of additional premium, it is hereby declared and agreed that
notwithstanding anything to the contrary contained in the within written policy, coverage under the policy
is extended to compensate the insured for customs duty charged on the cargo, as specified in the Duty
Insurance Clause below, for which a claim is made by the insured and accepted by the Company.

Subject otherwise to the terms and conditions of this policy.

"DUTY" INSURANCE COVER CLAUSE

The Company hereby agrees subject to the terms, conditions and exclusions herein contained or otherwise
expressed herein where an endorsement has been expressed in Part I of the Schedule as being in respect of
Duty Insurance Cover

then, this insurance is on increased value of cargo by reason of payment of Customs Duty at the port or place of
destination and is subject to the same clauses and condition as the insurance on cargo and to pay the same
percentage of duty payable (excluding charges and expenses) as may be paid thereon, but excluding claims in
respect of:

1.1 Total loss of whole or part of cargo prior to the duty becoming payable.

1.2 General Average, Salvage and/ or Salvage Charges arising from any casualty occurring prior to the
duty becoming payable.

In ascertaining the amount of the claim recoverable hereunder credit shall be given for any rebates or refund of
 It is further agreed that the War exclusion clause under Institute Cargo Clauses (A), (B) or (C) or
under the Institute Cargo Clauses (Air) as made applicable vide the scope of cover above, as the
case may be, stands deleted.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

It is further agreed that the Strikes exclusion clause under Institute Cargo Clauses (A), (B) or (C) or
under the Institute Cargo Clauses (Air) as made applicable vide the scope of cover above, stands
deleted.

Subject otherwise to the terms and conditions of this policy.

2. Duty Insurance Cover

In consideration of the payment of additional premium, it is hereby declared and agreed that
notwithstanding anything to the contrary contained in the within written policy, coverage under the policy
is extended to compensate the insured for customs duty charged on the cargo, as specified in the Duty
Insurance Clause below, for which a claim is made by the insured and accepted by the Company.

Subject otherwise to the terms and conditions of this policy.

"DUTY" INSURANCE COVER CLAUSE

The Company hereby agrees subject to the terms, conditions and exclusions herein contained or otherwise
expressed herein where an endorsement has been expressed in Part I of the Schedule as being in respect of
Duty Insurance Cover

then, this insurance is on increased value of cargo by reason of payment of Customs Duty at the port or place of
destination and is subject to the same clauses and condition as the insurance on cargo and to pay the same
percentage of duty payable (excluding charges and expenses) as may be paid thereon, but excluding claims in
respect of:

1.1 Total loss of whole or part of cargo prior to the duty becoming payable.

1.2 General Average, Salvage and/ or Salvage Charges arising from any casualty occurring prior to the
duty becoming payable.

In ascertaining the amount of the claim recoverable hereunder credit shall be given for any rebates or refund of
duty which may become allowable.

This insurance shall not be valid if effected after the arrival of the vessel at the destination port.

Warranted that

1. The insured is the holder or assignee of the import Licence, or is the actual user who has purchased goods
from recognised Export House/ Chanelising Agency

2. This policy is not assignable.

3. No claim shall be paid for Duty until the claim under the C.I.F Value insurance policy is payable and proof
of liability for loss under that policy shall be furnished to the Company. This provision need not apply to
cases where CIF is insured overseas due to contractual obligation.

4. This is not a valued policy as defined in the Marine Insurance Act. Claims under this policy are payable on
the basis of actual duty paid or on the basis of the sum insured whichever is less.

In the event of a claim under this Policy, immediate notice of loss shall be given to the company and a
reasonable opportunity given to the company to survey and assess the loss.

The insured shall co-operate with the company and take all reasonable measures to minimise or prevent a
loss. The insured shall also lodge a claim with the Customs Authorities within the stipulated time for
refund of duty where admissible, and with the carriers or others for recovery of the duty paid in respect of
such damaged or lost cargo and any recovery relating to the duty paid shall be credited to the Company.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INLAND TRANSIT INSURANCE (RAIL OR ROAD) Basis of assessment of claims
CLAUSE ­ A (ALL RISKS) 1. Basis of assessment shall be:
1.1 For total loss or non delivery of the entire insured
Scope of Cover property or the subject-matter insured as specified in
Risks Clause Part I of the Schedule, the Sum Insured;
1. The Company hereby agrees, subject to the terms, exclusions 1.2 For partial non-delivery, the proportionate amount of the
and conditions herein contained, to indemnify loss or damage to Sum Insured;
the subject-matter insured as specified in Part I of the Schedule, 1.3 For shortage: proportionate Sum Insured
against All Risks of loss or damage to the subject-matter insured
1.4 For damage to insured property:
as specified in Part I of the Schedule.
1.4.1 Repairable: Cost of repairs in full subject to
Exclusions Sum Insured being found adequate; otherwise
1. General exclusion clause settlement will be in the same proportion as the
The Company shall not be liable for Sum Insured bears to the full insurable value.
1.1 loss, damage or expense attributable to wilful 1.4.2 Not Repairable: Proportionate Sum Insured for
misconduct of the Insured; the item damaged
1.2 ordinary leakage, ordinary loss in weight or volume, or Policy related Terms and Conditions
ordinary wear and tear of the subject-matter insured;
1. Duration of Transit
1.3 loss, damage or expense caused by insufficiency or
This insurance attaches from the time the subject matter
unsuitability of packing or preparation of the subject-
insured in terms of Part I of the Schedule leaves the warehouse
matter insured (for the purpose of this clause "packing"
and/or the store at the place named in Part I of the Schedule
shall be deemed to include stowage in container or
for the commencement of transit and continues during ordinary
liftvan but only when such stowage is carried out prior
course of transit including customary transhipment if any and
to attachment of this insurance or by the Insured or
terminates either
their servants);
1.1 on delivery to the final warehouse or place of storage at
1.4 loss, damage or expense proximately caused by delay
the destination named in Part I of the Schedule, or
even though the delay be caused by a risk insured
1.2 on the expiry of 7 days after arrival of wagon/ vehicle
against;
carrying the consignment at the destination town, or
1.5 loss, damage or expense caused by inherent vice or
1.3 on expiry of 30 days after arrival of subject-matter
nature of the subject matter insured;
insured as specified in Part I of the Schedule at the
1.6 loss, damage or expense arising from the use of any
destination town by air as specified in Part I of the
weapon of war employing atomic or nuclear fission and/
Schedule, whichever shall first occur.
or fusion or other like reaction or radioactive force or
Note :
loss. The insured shall also lodge a claim with the Customs Authorities within the stipulated time for
refund of duty where admissible, and with the carriers or others for recovery of the duty paid in respect of
such damaged or lost cargo and any recovery relating to the duty paid shall be credited to the Company.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INLAND TRANSIT INSURANCE (RAIL OR ROAD) Basis of assessment of claims
CLAUSE ­ A (ALL RISKS) 1. Basis of assessment shall be:
1.1 For total loss or non delivery of the entire insured
Scope of Cover property or the subject-matter insured as specified in
Risks Clause Part I of the Schedule, the Sum Insured;
1. The Company hereby agrees, subject to the terms, exclusions 1.2 For partial non-delivery, the proportionate amount of the
and conditions herein contained, to indemnify loss or damage to Sum Insured;
the subject-matter insured as specified in Part I of the Schedule, 1.3 For shortage: proportionate Sum Insured
against All Risks of loss or damage to the subject-matter insured
1.4 For damage to insured property:
as specified in Part I of the Schedule.
1.4.1 Repairable: Cost of repairs in full subject to
Exclusions Sum Insured being found adequate; otherwise
1. General exclusion clause settlement will be in the same proportion as the
The Company shall not be liable for Sum Insured bears to the full insurable value.
1.1 loss, damage or expense attributable to wilful 1.4.2 Not Repairable: Proportionate Sum Insured for
misconduct of the Insured; the item damaged
1.2 ordinary leakage, ordinary loss in weight or volume, or Policy related Terms and Conditions
ordinary wear and tear of the subject-matter insured;
1. Duration of Transit
1.3 loss, damage or expense caused by insufficiency or
This insurance attaches from the time the subject matter
unsuitability of packing or preparation of the subject-
insured in terms of Part I of the Schedule leaves the warehouse
matter insured (for the purpose of this clause "packing"
and/or the store at the place named in Part I of the Schedule
shall be deemed to include stowage in container or
for the commencement of transit and continues during ordinary
liftvan but only when such stowage is carried out prior
course of transit including customary transhipment if any and
to attachment of this insurance or by the Insured or
terminates either
their servants);
1.1 on delivery to the final warehouse or place of storage at
1.4 loss, damage or expense proximately caused by delay
the destination named in Part I of the Schedule, or
even though the delay be caused by a risk insured
1.2 on the expiry of 7 days after arrival of wagon/ vehicle
against;
carrying the consignment at the destination town, or
1.5 loss, damage or expense caused by inherent vice or
1.3 on expiry of 30 days after arrival of subject-matter
nature of the subject matter insured;
insured as specified in Part I of the Schedule at the
1.6 loss, damage or expense arising from the use of any
destination town by air as specified in Part I of the
weapon of war employing atomic or nuclear fission and/
Schedule, whichever shall first occur.
or fusion or other like reaction or radioactive force or
Note :
matter.
1. The period of 7 days referred to above shall be reckoned from
2. War exclusion clause
the midnight of the day:
The Company shall not be liable for loss, damage or expense
1.1 For rail transportation: on arrival of railway wagon at the
caused by
destination railway station; and
2.1 war, civil war, revolution, rebellion, insurrection, or civil
1.2 For road transportation: on arrival of vehicle at
strife arising therefrom, or any hostile act by or against
destination town.
a belligerent power;
2. The period of 30 days referred to above shall be reckoned from
2.2 capture, seizure, arrest, restraint or detainment, and the
the midnight of the day of arrival of the aircraft at the
consequences thereof or any attempt thereat;or
destination town.
2.3 derelict mines, bombs or other derelict weapons of war.
2. Claims
3. Strike exclusion clause
Insurable interest
The Company shall not be liable for loss, damage or expense:
2.1 In order to recover under this insurance, the Insured
3.1 caused by strikers, locked-out workmen or persons
must have an insurable interest in the subject matter
taking part in labour disturbances, riots or civil
insured at the time of loss;
commotions;
2.2 Subject to (2.1) above, the Insured shall be entitled to
3.2 resulting from strikes, lock-outs, labour disturbances,
recover for insured loss occurring during the period
riots or civil commotions; or
covered by this insurance,
3.3 caused by any terrorist or any person acting from a
political motive.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

not with standing that the loss occurred before the Note :
contract of insurance was concluded unless the Insured The Company's liability shall succeed and not in any way
were aware of the loss and the Company were not. supersede that of the carriers, Bailees or other third parties
3. Benefit of Insurance concerned.
Not to inure
3.1 This insurance shall not inure to the benefit of the Subject to applicable law, rule, regulation or notification in this
carrier or other bailee. behalf, the Company hereby reserves the right as provided
4. Claim Documents hereafter:
The claim documents which shall be provided in support of a No claim in respect of loss equal to or exceeding twenty
claim are thousand rupees in value on the policy shall be admitted for
4.1 Claim form duly completed. payment or settled by the Company unless the Company has
4.2 Original policy of insurance duly endorsed or issued in been given a report on the occurrence of the loss and extent of
favour of the claimant in case of single despatch. the loss, from a person who holds a license to act as a
4.3 Relevant AWB/LR/RR (original) to be provided in case of Surveyor or loss assessor, under the Insurance Act, 1938 and
non-delivery, endorsed/ issued in the name of the appointed by the Company for the purpose.
claimant. Provided that nothing hereinabove shall be deemed to take
4.4 Copy of correspondence lodging monetary claim with away or abridge the right of the Company to pay or to settle
the relevant carrier within time limit prescribed in the any claim at any amount different from the amount assessed by
respective Acts under a registered letter with the Surveyor or loss assessor.
acknowledgement due card or acknowledgement by the 6. Limitation Period
carrier. In no case whatsoever shall the Company be liable for any loss
4.5 Non delivery/ partial delivery/ open delivery/ assessment or damage after the expiry of 12 months from the happening of
delivery certificates recording details of shortages or the loss or damage unless the claim is the subject of pending
partial damage / loss or non-delivery as the case may action or arbitration; it being expressly agreed and declared that
be, issued by carriers. if the Company shall disclaim liability for any claim hereunder
4.6 Copy of Invoice and Packing List. and such claim shall not within 12 calendar months from the
5. Claim Procedure date of the disclaimer have been made the subject-matter of a
 recover for insured loss occurring during the period
riots or civil commotions; or
covered by this insurance,
3.3 caused by any terrorist or any person acting from a
political motive.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

not with standing that the loss occurred before the Note :
contract of insurance was concluded unless the Insured The Company's liability shall succeed and not in any way
were aware of the loss and the Company were not. supersede that of the carriers, Bailees or other third parties
3. Benefit of Insurance concerned.
Not to inure
3.1 This insurance shall not inure to the benefit of the Subject to applicable law, rule, regulation or notification in this
carrier or other bailee. behalf, the Company hereby reserves the right as provided
4. Claim Documents hereafter:
The claim documents which shall be provided in support of a No claim in respect of loss equal to or exceeding twenty
claim are thousand rupees in value on the policy shall be admitted for
4.1 Claim form duly completed. payment or settled by the Company unless the Company has
4.2 Original policy of insurance duly endorsed or issued in been given a report on the occurrence of the loss and extent of
favour of the claimant in case of single despatch. the loss, from a person who holds a license to act as a
4.3 Relevant AWB/LR/RR (original) to be provided in case of Surveyor or loss assessor, under the Insurance Act, 1938 and
non-delivery, endorsed/ issued in the name of the appointed by the Company for the purpose.
claimant. Provided that nothing hereinabove shall be deemed to take
4.4 Copy of correspondence lodging monetary claim with away or abridge the right of the Company to pay or to settle
the relevant carrier within time limit prescribed in the any claim at any amount different from the amount assessed by
respective Acts under a registered letter with the Surveyor or loss assessor.
acknowledgement due card or acknowledgement by the 6. Limitation Period
carrier. In no case whatsoever shall the Company be liable for any loss
4.5 Non delivery/ partial delivery/ open delivery/ assessment or damage after the expiry of 12 months from the happening of
delivery certificates recording details of shortages or the loss or damage unless the claim is the subject of pending
partial damage / loss or non-delivery as the case may action or arbitration; it being expressly agreed and declared that
be, issued by carriers. if the Company shall disclaim liability for any claim hereunder
4.6 Copy of Invoice and Packing List. and such claim shall not within 12 calendar months from the
5. Claim Procedure date of the disclaimer have been made the subject-matter of a
It is the duty of the Insured and their Agents in all cases to take suit in a court of law then the claim shall for all purposes be
such measures as may be reasonable for the purpose of deemed to have been abandoned and shall not thereafter be
averting or minimising a loss and to ensure that all rights recoverable hereunder.
against carriers, Bailees or other Third Parties are properly 7. Minimising Losses
preserved and exercised. In particular, the Insured or their 7.1 Duty of Insured
Agents/ Consignees must- It is the duty of Insured and their servants and agents in
5.1 Under no circumstances, give clean receipts to the respect of loss recoverable hereunder.
carriers in respect of packages which are offered to 7.1.1 to take such measures as may be reasonable
them for delivery in a doubtful condition, except under for the purpose of averting or minimising such
written protest loss; and
5.2 Take examined delivery from the carriers of any 7.1.2 to ensure that all rights against carriers, bailees
packages which are outwardly damaged or appear to or other third parties are properly preserved and
have been tampered with and obtain a Certificate of exercised in terms of all applicable laws and the
Damage and/ or Shortage from the carriers; take Company will, in addition to any loss
weighment / examined delivery of any packages which recoverable hereunder, reimburse the Insured
are in an outwardly sound condition, but deficient in f o r a n y c h a r g e s properly and reasonably
weight, as compared with the booked weight, and incurred in pursuance of these duties.
obtain a Certificate of Shortage from carriers, if 7.2 Waiver clause
deficiency in weight is proved; if the carriers should
Measures taken by the Insured or the Company with the
refuse to grant examined delivery, suitable remarks as to
object of saving, protecting or recovering the subject-
the condition of the packages and the contents thereof
matter insured as specified in Part I of the Schedule
should be made in the Railway Station Delivery Book or
shall not be considered as a waiver or acceptance of
on the negotiable copy of the Consignment Note /
abandonment or otherwise prejudice the rights of either
Airway Bill in the case of despatches by Road/ Aircraft,
party.
respectively.
8. Avoidance of Delay
5.3 Issue notices of claim against the carriers by registered
Reasonable despatch clause
Post Acknowledgement Due
It is a condition of this insurance that the Insured shall act with
reasonable despatch in all circumstances within their control.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INLAND TRANSIT INSURANCE (RAIL OR ROAD) or civil commotions; or

CLAUSE ­ B (BASIC RISK) 3.3 caused by any terrorist or any person acting from a
political motive;
Scope of Cover
3.4 caused by deliberate damage to or deliberate
The Company hereby agrees, subject to the terms, exclusions and
destruction of the subject-matter insured or any part
conditions herein contained to indemnify the risks of physical loss or
thereof by the wrongful act of any person or persons.
damage to the insured property as specified in Part I of the Schedule
Basis of assessment
caused by:
1. Basis of assessment shall be:
1. 1.1 fire;
1.1 For total loss or non delivery of the entire insured
1.2 lightning; or
property or the subject-matter insured as specified in
1.3 breakage of the bridges.
Part I of the Schedule, the Sum Insured;
2. 2.1 collision with or by the carrying vehicle;
1.2 For partial non-delivery, the proportionate amount of the
2.2 overturning of the carrying vehicle; or Sum Insured;
2.3 derailment or accidents of like nature to the carrying 1.3 For shortage: proportionate Sum Insured
railway wagon / vehicle.
1.4 For damage to insured property.
Exclusion
1.4.1 Repairable: Cost of repairs in full subject to
1. General exclusion clause
Sum Insured being found adequate; otherwise
The Company shall not be liable for settlement will be in the same proportion as the
1.1 loss, damage or expense attributable to wilful Sum Insured bears to the full insurable value.
misconduct of the Insured; 1.4.2 Not Repairable: Proportionate Sum Insured for
1.2 ordinary leakage, ordinary loss in weight or volume, or the item damaged.
ordinary wear and tear of the subject-matter insured; Policy related Terms and Conditions
1.3 loss, damage or expense caused by insufficiency or 1. Duration of Transit
unsuitability of packing or preparation of the subject-
This insurance attaches from the time the subject-matter
 5.3 Issue notices of claim against the carriers by registered
Reasonable despatch clause
Post Acknowledgement Due
It is a condition of this insurance that the Insured shall act with
reasonable despatch in all circumstances within their control.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

INLAND TRANSIT INSURANCE (RAIL OR ROAD) or civil commotions; or

CLAUSE ­ B (BASIC RISK) 3.3 caused by any terrorist or any person acting from a
political motive;
Scope of Cover
3.4 caused by deliberate damage to or deliberate
The Company hereby agrees, subject to the terms, exclusions and
destruction of the subject-matter insured or any part
conditions herein contained to indemnify the risks of physical loss or
thereof by the wrongful act of any person or persons.
damage to the insured property as specified in Part I of the Schedule
Basis of assessment
caused by:
1. Basis of assessment shall be:
1. 1.1 fire;
1.1 For total loss or non delivery of the entire insured
1.2 lightning; or
property or the subject-matter insured as specified in
1.3 breakage of the bridges.
Part I of the Schedule, the Sum Insured;
2. 2.1 collision with or by the carrying vehicle;
1.2 For partial non-delivery, the proportionate amount of the
2.2 overturning of the carrying vehicle; or Sum Insured;
2.3 derailment or accidents of like nature to the carrying 1.3 For shortage: proportionate Sum Insured
railway wagon / vehicle.
1.4 For damage to insured property.
Exclusion
1.4.1 Repairable: Cost of repairs in full subject to
1. General exclusion clause
Sum Insured being found adequate; otherwise
The Company shall not be liable for settlement will be in the same proportion as the
1.1 loss, damage or expense attributable to wilful Sum Insured bears to the full insurable value.
misconduct of the Insured; 1.4.2 Not Repairable: Proportionate Sum Insured for
1.2 ordinary leakage, ordinary loss in weight or volume, or the item damaged.
ordinary wear and tear of the subject-matter insured; Policy related Terms and Conditions
1.3 loss, damage or expense caused by insufficiency or 1. Duration of Transit
unsuitability of packing or preparation of the subject-
This insurance attaches from the time the subject-matter
matter insured (for the purpose of this clause "packing"
insured in terms of Part I of the Schedule leaves the warehouse
shall be deemed to include stowage in container or
and/or the store at the place named in Part I of the Schedule
liftvan but only when such stowage is carried out prior
for the commencement of transit and continues during ordinary
to attachment of this insurance or by the Insured or
course of transit including customary transhipment if any and
their servants);
terminates either
1.4 loss, damage or expense proximately caused by delay
1.1 on delivery to the final warehouse or place of storage at
even though the delay be caused by a risk insured
the destination named in Part I of the Schedule, or
against;
1.2 on the expiry of 7 days after arrival of wagon/ vehicle
1.5 loss, damage or expense caused by inherent vice or
carrying the consignment at the destination town, or
nature of the subject-matter insured;
1.3 on expiry of 30 days after arrival of subject-matter
1.6 loss, damage or expense arising from the use of any
insured as specified in Part I of the Schedule at the
weapon of war employing atomic or nuclear fission and/
destination town by air as specified in Part I of the
or fusion or other like reaction or radioactive force or
Schedule, whichever shall first occur.
matter.
Note :
2. War exclusion clause
1. The period of 7 days referred to above shall be reckoned from
The Company shall not be liable for loss, damage or expense
the midnight of the day:
caused by:
1.1 For rail transportation: on arrival of railway wagon at the
2.1 war, civil war, revolution, rebellion, insurrection, or civil
destination railway station; and
strife arising therefrom, or any hostile act by or against
1.2 For road transportation: on arrival of vehicle at
a belligerent power;
destination town.
2.2 capture, seizure, arrest, restraint or detainment, and the
2. The period of 30 days referred to above shall be reckoned from
consequences thereof or any attempt thereat;or
the midnight of the day of arrival of the aircraft at the
2.3 derelict mines, bombs or other derelict weapons of war.
destination town.
3. Strike exclusion clause
2. Claims
The Company shall not be liable for loss, damage or expense
Insurable interest
3.1 caused by strikers, locked-out workmen or persons
taking part in labour disturbances, riots or civil 2.1 In order to recover under this insurance, the Insured
commotions; must have an insurable interest in the subject-matter
insured at the time of loss;(b)Subject to ( i) above, the
3.2 resulting from strikes, lock-outs, labour disturbances,
riots

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

Insured shall be entitled to recover for insured loss Railway Station Delivery Book or on the negotiable
occurring during the period covered by this insurance, copy of the Consignment Note / Airway Bill in the
notwithstanding that the loss occurred before the case of despatches by Road/ Aircraft, respectively.
contract of insurance was concluded unless the Insured 5.3 Issue notices of claim against the carriers by registered
were aware of the loss and the Company were not. Post Acknowledgement Due
2.2 Subject to (2.1) above, the Insured shall be entitled to Note :
recover for insured loss occurring during the period The Company's liability shall succeed and not in any way supersede
covered by this insurance, not with standing that the that of the carriers, Bailees or other third parties concerned.
loss occurred before the contract of insurance was Subject to applicable law, rule, regulation or notification in this
concluded unless the Insured were aware of the loss behalf,the Company hereby reserves the right as provided hereafter:
and the Company were not.
No claim in respect of loss equal to or exceeding twenty thousand
3. Benefit of Insurance
rupees in value on the policy shall be admitted for payment or settled
Not to inure by the Company unless the Company has been given a report on the
This insurance shall not inure to the benefit of the carrier or occurrence of the loss and extent of the loss, from a person who holds
other bailee. a license to act as a Surveyor or loss assessor, under the Insurance
4. Claim Documents Act, 1938 and appointed by the Company for the purpose.
The claim documents which shall be provided in support of a claim Provided that nothing hereinabove shall be deemed to take away or
are: abridge the right of the Company to pay or to settle any claim at any
4.1 Claim form duly completed; amount different from the amount assessed by the Surveyor or loss
4.2 Original policy of insurance duly endorsed or issued in assessor.
favour of the claimant in case of single despatch; 6. Limitation Period
4.3 Relevant AWB/LR/RR (original) to be provided in case of In no case whatsoever shall the Company be liable for any loss
non-delivery, endorsed/ issued in the name of the or damage after the expiry of 12 months from the happening of
claimant. the loss or damage unless the claim is the subject of pending
4.4 Copy of correspondence lodging monetary claim with action or arbitration; it being expressly agreed and declared that
 commotions; must have an insurable interest in the subject-matter
insured at the time of loss;(b)Subject to ( i) above, the
3.2 resulting from strikes, lock-outs, labour disturbances,
riots

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

Insured shall be entitled to recover for insured loss Railway Station Delivery Book or on the negotiable
occurring during the period covered by this insurance, copy of the Consignment Note / Airway Bill in the
notwithstanding that the loss occurred before the case of despatches by Road/ Aircraft, respectively.
contract of insurance was concluded unless the Insured 5.3 Issue notices of claim against the carriers by registered
were aware of the loss and the Company were not. Post Acknowledgement Due
2.2 Subject to (2.1) above, the Insured shall be entitled to Note :
recover for insured loss occurring during the period The Company's liability shall succeed and not in any way supersede
covered by this insurance, not with standing that the that of the carriers, Bailees or other third parties concerned.
loss occurred before the contract of insurance was Subject to applicable law, rule, regulation or notification in this
concluded unless the Insured were aware of the loss behalf,the Company hereby reserves the right as provided hereafter:
and the Company were not.
No claim in respect of loss equal to or exceeding twenty thousand
3. Benefit of Insurance
rupees in value on the policy shall be admitted for payment or settled
Not to inure by the Company unless the Company has been given a report on the
This insurance shall not inure to the benefit of the carrier or occurrence of the loss and extent of the loss, from a person who holds
other bailee. a license to act as a Surveyor or loss assessor, under the Insurance
4. Claim Documents Act, 1938 and appointed by the Company for the purpose.
The claim documents which shall be provided in support of a claim Provided that nothing hereinabove shall be deemed to take away or
are: abridge the right of the Company to pay or to settle any claim at any
4.1 Claim form duly completed; amount different from the amount assessed by the Surveyor or loss
4.2 Original policy of insurance duly endorsed or issued in assessor.
favour of the claimant in case of single despatch; 6. Limitation Period
4.3 Relevant AWB/LR/RR (original) to be provided in case of In no case whatsoever shall the Company be liable for any loss
non-delivery, endorsed/ issued in the name of the or damage after the expiry of 12 months from the happening of
claimant. the loss or damage unless the claim is the subject of pending
4.4 Copy of correspondence lodging monetary claim with action or arbitration; it being expressly agreed and declared that
the relevant carrier within time limit prescribed in the if the Company shall disclaim liability for any claim hereunder
respective Acts under a registered letter with and such claim shall not within 12 calendar months from the
acknowledgement due card or acknowledgement by the date of the disclaimer have been made the subject-matter of a
carrier. suit in a court of law then the claim shall for all purposes be
4.5 Non delivery/ partial delivery/ open delivery/ assessment deemed to have been abandoned and shall not thereafter be
delivery certificates recording details of shortages or recoverable hereunder.
partial damage / loss or non-delivery as the case may 7. Minimising Losses
be, issued by carriers. 7.1 Duty of Insured
4.6 Copy of Invoice and Packing List. It is the duty of Insured and their servants and agents in
5. Claim Procedure respect of loss recoverable hereunder.
It is the duty of the Insured and their Agents in all cases to take 7.1.1 to take such measures as may be reasonable
such measures as may be reasonable for the purpose of for the purpose of averting or minimising such
averting or minimising a loss and to ensure that all rights loss; and
against carriers, Bailees or other Third Parties are properly 7.1.2 to ensure that all rights against carriers, bailees
preserved and exercised. In particular, the Insured or their or other third parties are properly preserved and
Agents/ Consignees must- exercised in terms of all applicable laws and the
5.1 Under no circumstances, give clean receipts to the Company will, in addition to any loss
carriers in respect of packages which are offered to recoverable hereunder, reimburse the Insured
them for delivery in a doubtful condition, except under f o r a n y c h a r g e s properly and reasonably
written protest. incurred in pursuance of these duties.
5.2 Take examined delivery from the carriers of any 7.2 Waiver clause
packages which are outwardly damaged or appear to Measures taken by the Insured or the Company with the
have been tampered with and obtain a Certificate of object of saving, protecting or recovering the subject-
Damage and/ or Shortage from the carriers; take matter insured as specified in Part I of the Schedule
weighment / examined delivery of any packages which shall not be considered as a waiver or acceptance of
are in an outwardly sound condition, but deficient in abandonment or otherwise prejudice the rights of either
weight, as compared with the booked weight, and party.
obtain a Certificate of Shortage from carriers, if
8. Avoidance of Delay
deficiency in weight is proved; if the carriers should
Reasonable despatch clause
refuse to grant examined delivery, suitable remarks as to
It is a condition of this insurance that the Insured shall act with
the condition of the packages and the contents thereof
reasonable despatch in all circumstances within their control.
should be made in the

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

MARINE OPEN POLICY CONDITION
SPECIAL DECLARATION POLICY CONDITION
This Marine Open Policy is effected to insure the interest specified
Inland Transit Insurance
herein dispatched either by or for account of the Insured in which they
1. 1.1 This Marine Open Policy is effected to insure the interest
have an insurable interest.
specified herein despatched either by or for account of
It is a condition of the Policy that the Insured are bound to declare
the Insured in which they have insurable interest.
hereunder each and every consignment without exception, Company
1.2 The policy is not assignable or transferable. However,
being bound to accept upto but not exceeding the Sum Insured
where interest in respect of the goods in transit has
specified in Part I of the Schedule.
passed on to the consignee, claims if any may be
1. Period of Policy
settled with such consignee if so requested by the
This Policy is to remain in force for a period specified in Part I
Insured.
of the Schedule unless cancelled previously by either side as
1.3 100% of the premium on estimated annual turnover shall
per Cancellation Clause herein or Sum Insured is exhausted by
be paid by the Insured at the inception of the policy.
declarations whichever is earlier.
1.4 It is a condition of the policy that the Insured is bound to
2. Declaration :
declare here under each and every consignment without
It is hereby agreed that the Insured will record full particulars of
exception, the Company being bound to accept upto but
each despatch in a Declaration Statement in the chronological
not exceeding the Sum Insured specified in Part I of the
order assigning declaration number for each such despatch. A
Schedule.
copy of the statement so completed should be posted to the
Company for every fortnight during the first week of the 2. Period of Policy
following fortnight. This Policy is to remain in force for a period as specified in Part
Details of Declaration statement are: I of the Schedule unless cancelled previously by either side as
per Cancellation Clause herein or Sum Insured is exhausted by
2.1 Date and Number of :
declarations, whichever is earlier.
 Reasonable despatch clause
refuse to grant examined delivery, suitable remarks as to
It is a condition of this insurance that the Insured shall act with
the condition of the packages and the contents thereof
reasonable despatch in all circumstances within their control.
should be made in the

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

MARINE OPEN POLICY CONDITION
SPECIAL DECLARATION POLICY CONDITION
This Marine Open Policy is effected to insure the interest specified
Inland Transit Insurance
herein dispatched either by or for account of the Insured in which they
1. 1.1 This Marine Open Policy is effected to insure the interest
have an insurable interest.
specified herein despatched either by or for account of
It is a condition of the Policy that the Insured are bound to declare
the Insured in which they have insurable interest.
hereunder each and every consignment without exception, Company
1.2 The policy is not assignable or transferable. However,
being bound to accept upto but not exceeding the Sum Insured
where interest in respect of the goods in transit has
specified in Part I of the Schedule.
passed on to the consignee, claims if any may be
1. Period of Policy
settled with such consignee if so requested by the
This Policy is to remain in force for a period specified in Part I
Insured.
of the Schedule unless cancelled previously by either side as
1.3 100% of the premium on estimated annual turnover shall
per Cancellation Clause herein or Sum Insured is exhausted by
be paid by the Insured at the inception of the policy.
declarations whichever is earlier.
1.4 It is a condition of the policy that the Insured is bound to
2. Declaration :
declare here under each and every consignment without
It is hereby agreed that the Insured will record full particulars of
exception, the Company being bound to accept upto but
each despatch in a Declaration Statement in the chronological
not exceeding the Sum Insured specified in Part I of the
order assigning declaration number for each such despatch. A
Schedule.
copy of the statement so completed should be posted to the
Company for every fortnight during the first week of the 2. Period of Policy
following fortnight. This Policy is to remain in force for a period as specified in Part
Details of Declaration statement are: I of the Schedule unless cancelled previously by either side as
per Cancellation Clause herein or Sum Insured is exhausted by
2.1 Date and Number of :
declarations, whichever is earlier.
2.1.1 Railway Receipt;
3. Sum Insured
2.1.2 Lorry Receipt
3.1 The Sum Insured under the Policy is the Estimated
2.1.3 Postal Receipt;
Annual Turnover. It shall be arrived at on the basis of fair
2.1.4 Airway bill;
estimate of total despatches of insured goods during the
2.2 Description of goods despatched; policy period, including inter- depot movements and
2.3 Value of goods as specified in Part I of the Schedule despatches to distribution or processing centres.
2.4 Details of packing. 3.2 Minimum Annual Estimated despatches i.e. Annual
3. Limit per Sending: Turnover (including inter - depot movements) shall be
This Policy is for total Sum Insured as mentioned in Part I of the Rs. 2 Crores for the individual Insured concerned.
Schedule. However, the amount declarable on any one 3.3 Increase in Sum Insured under the Policy is allowed on
despatch/ sending is subject to the limit per sending as payment of difference in premium involved only twice
specified in Part I of the Schedule. during the currency of the Policy, at the absolute
4. Valuation discretion of the Company. Once Sum Insured under the
The shipments insured hereunder are to be valued as specified Policy including the increase if any, is exhausted, cover
in Part I of the Schedule. under the Policy shall cease to operate.
5. Cancellation: 4. Declaration Clause
This Policy is subject to cancellation by either party on giving 15 4.1 Total value of goods in transit shall be declared on a
days Notice in writing to this effect (except in the case of quarterly basis in the form of a certified statement
strike, riot and civil commotion risks which is subject to 48 within a period of 30 days from the end of the quarter.
hours notice of cancellation). Notice period shall commence 4.2 The Insured shall submit final declaration within 30 days
from midnight of the day when it is issued. But cancellation of expiry of the Policy.
shall not apply to any risks which have attached in accordance
5. Valuation Clause
with the cover granted hereunder before the cancellation
The shipments insured hereunder are to be valued as specified
becomes effective.
in Part I of the Schedule.
This Marine Open Policy Condition Clause shall be subject
6. Limit per sending
otherwise to the terms and conditions of the Marine Inland
The Policy is a for a total Sum Insured as specified in Part I of
Transit Insurance Policy.
the Schedule. However, the amount declarable on any one
despatch/

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

sending is subject to the limit per sending as specified in Part I Provided always that all other terms, conditions,
of the Schedule. provisions and exceptions in the policy shall apply to
7. Adjustment Clause thisextension as if they have been incorporated herein.
Final premium will be adjusted (downward adjustment only) on WARRANTIES INLAND TRANSIT INSURANCE
receipt of the final declaration which must be submitted within In and with respect to each policy and the subject-matter of insurance,
30 days from the expiry of the Policy. the following warranties/ conditions shall be applicable:
8. Cancellation 1. For C.I.F value insurance: "Warranted insured value herein does
This Policy is subject to cancellation by either party on giving 15 not exceed C.I.F cost plus ten percent."
days Notice in writing to this effect (except in the case of 2. For insurance of foodstuffs, meat, fish and similar edible item:
Strike, Riot and Civil Commotion risks which is subject to 48 "Warranted excluding the risks of rejection by government
hours notice of cancellation). Notice period shall commence authorities at part of destination unless for damage recoverable
from midnight of the day when it is issued. But cancellation as per Policy conditions."
shall not apply to any risks which have attached in accordance
3. For insurance of grains, seeds and similar cargo: "Warranted
with the cover granted hereunder before the cancellation
excluding natural loss in weight and /or trade shortage."
becomes effective.
4. For insurance of fragile goods such as glass, firebricks etc.:
This Special Declaration Policy Condition Clause shall be
"Warranted excluding the risks of loss or damage due to
subject otherwise to the terms and conditions of the Marine
chipping, denting and scratching."
Inland Transit Insurance Policy.
5. For bagged cargo: "Excluding the risks of shortage from sound
STRIKE RIOTS AND CIVIL COMMOTIONS CLAUSE (INLAND bags."
TRANSIT NOT IN CONJUNCTION WITH OCEAN GOING 6. Cutting clause for goods such as cast iron pipes, asbestos
sheets, etc. : "Warranted that the damaged portion should be
VOYAGE)
cut off and the balance utilised."
Notwithstanding anything herein contained to the contrary and 7. Label clause for bottled, tinned, canned goods: "Excluding
in consideration of an additional premium, it is hereby agreed damage to labels unless the goods themselves are damaged at
and declared that the exclusion number 2.3 of the policy stands the same time."
deleted, subject otherwise to the terms and conditions of this 8. Institute Replacement clause:"In the event of loss or damage to
extension. any part or parts of an insured machine caused by a peril
1. Extension: covered by the Policy, the sum recoverable shall not exceed the
 otherwise to the terms and conditions of the Marine Inland
The Policy is a for a total Sum Insured as specified in Part I of
Transit Insurance Policy.
the Schedule. However, the amount declarable on any one
despatch/

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE EXPORT / IMPORT (OPEN) INSURANCE POLICY

sending is subject to the limit per sending as specified in Part I Provided always that all other terms, conditions,
of the Schedule. provisions and exceptions in the policy shall apply to
7. Adjustment Clause thisextension as if they have been incorporated herein.
Final premium will be adjusted (downward adjustment only) on WARRANTIES INLAND TRANSIT INSURANCE
receipt of the final declaration which must be submitted within In and with respect to each policy and the subject-matter of insurance,
30 days from the expiry of the Policy. the following warranties/ conditions shall be applicable:
8. Cancellation 1. For C.I.F value insurance: "Warranted insured value herein does
This Policy is subject to cancellation by either party on giving 15 not exceed C.I.F cost plus ten percent."
days Notice in writing to this effect (except in the case of 2. For insurance of foodstuffs, meat, fish and similar edible item:
Strike, Riot and Civil Commotion risks which is subject to 48 "Warranted excluding the risks of rejection by government
hours notice of cancellation). Notice period shall commence authorities at part of destination unless for damage recoverable
from midnight of the day when it is issued. But cancellation as per Policy conditions."
shall not apply to any risks which have attached in accordance
3. For insurance of grains, seeds and similar cargo: "Warranted
with the cover granted hereunder before the cancellation
excluding natural loss in weight and /or trade shortage."
becomes effective.
4. For insurance of fragile goods such as glass, firebricks etc.:
This Special Declaration Policy Condition Clause shall be
"Warranted excluding the risks of loss or damage due to
subject otherwise to the terms and conditions of the Marine
chipping, denting and scratching."
Inland Transit Insurance Policy.
5. For bagged cargo: "Excluding the risks of shortage from sound
STRIKE RIOTS AND CIVIL COMMOTIONS CLAUSE (INLAND bags."
TRANSIT NOT IN CONJUNCTION WITH OCEAN GOING 6. Cutting clause for goods such as cast iron pipes, asbestos
sheets, etc. : "Warranted that the damaged portion should be
VOYAGE)
cut off and the balance utilised."
Notwithstanding anything herein contained to the contrary and 7. Label clause for bottled, tinned, canned goods: "Excluding
in consideration of an additional premium, it is hereby agreed damage to labels unless the goods themselves are damaged at
and declared that the exclusion number 2.3 of the policy stands the same time."
deleted, subject otherwise to the terms and conditions of this 8. Institute Replacement clause:"In the event of loss or damage to
extension. any part or parts of an insured machine caused by a peril
1. Extension: covered by the Policy, the sum recoverable shall not exceed the
Subject otherwise to the terms, conditions and warranties of cost of replacement or repair of such part or parts plus charges
the policy on goods against transit risks, this insurance covers, for forwarding and refitting, if incurred, but excluding duty
except as provided in clause 2 below loss of or damage to the unless the full duty is included in the amount insured, in which
subject-matter insured caused by case loss, if any, sustained by payment of additional duty shall
1.1 strikers, locked-out workmen, or persons taking part in also be recoverable.
labour disturbances, riots or civil commotions; Provided always that in no case shall the liability of the
1.2 any terrorist or any person acting from a political Company exceed the insured value of the complete machine.
motive; or 9. Pair and set clause : "Where any item insured under this policy
1.3 persons acting maliciously. It is hereby agreed and consists of articles in a pair or set, the Company-s liability shall
declared that exclusion under Clause 2.2 of Part II of the not exceed the value of any particular part or parts which may
Schedule is deleted. be lost or damaged without reference to any special value
2. Exclusions: which such articles may have as part of such pair or set and in
In no case shall the Company be liable for: any event not more than a proportionate part of the insured
2.1 Loss, damage or expense proximately caused by delay, value of the pair or set."
inherent vice or nature of the subject-matter insured; 10. Replacement Clause for second hand goods: "Where goods lost
2.2 loss, damage or expense proximately caused by the or damaged are second hand, this insurance is only to pay such
absence, shortage or withholding of labour of any proportion of the cost of repair or replacement plus charges for
description whatsoever during any strike, lock-out labour forwarding and refitting if incurred as the insured value bears to
disturbances, riot or civil commotion; the cost of new goods based on present values. The
consignment covered hereunder is insured for the market value
2.3 any claim for expenses arising from delay or other
on 'as is where is' condition."
consequential or indirect loss or damage of any kind; or
11. If rate of premium is applicable to goods despatched in closed
2.4 loss, damage or expenses caused by war, civil war,
wagons / covered vehicles: "Warranted despatched at closed
revolution, rebellion, insurrection or civil strike arising
wagons/ covered vehicles only."
therefrom, or any hostile act by or against a belligerent
power. 12. Refund for no claim: "Warranted if there is no claim under the
policy, refund premium as may be determined in the sole
discretion of the Company will be allowed."

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

> PART III OF SCHEDULE

Standard Terms And Conditions 8. Special Provisions

1. Incontestability and Duty of Disclosure Any special provisions subject to which this policy has been
entered into and endorsed in the policy or in any separate
The policy shall be null and void and no benefit shall be payable instrument shall be deemed to be part of this policy and shall
i n t h e e v e n t o f untrue or incorrect statements, have effect accordingly.
misrepresentation, misdescription or non-disclosure i n a n y
material particular in the proposal form, personal statement, 9. Overriding effect of Part II of the Schedule
declaration and connected documents, or any material The terms and conditions contained herein and in Part II of the
information having been withheld, or a claim being fraudulent Schedule shall be deemed to form part of the policy and shall
or any fraudulent means or devices being used by the Insured be read as if they are specifically incorporated herein; however,
or any one acting on his behalf to obtain any benefit under this in case of any inconsistency of any term and condition with the
policy. scope of cover contained in Part II of the Schedule, then the
2. Reasonable Care term(s) and condition(s) contained herein shall be read mutatis
mutandis with the scope of cover/terms and conditions
The Insured shall take all reasonable steps to safeguard the contained in Part II of the Schedule and shall be deemed to be
interests of the Insured against accidental loss, or damage that modified accordingly or superseded in case of inconsistency
may give rise to the claim. being irreconcilable.
3. Observance of terms and conditions 10. Electronic Transactions
The due observance and fulfillment of the terms, conditions Terms and conditions as the Company may prescribe from time
and endorsements of this policy in so far as they relate to to time, and hereby agrees and confirms that all transactions
anything to be done or complied with by the Insured, shall be a effected by or through facilities for conducting remote
condition precedent to any liability of the Company to make any transactions including the Internet, World Wide Web, electronic
 therefrom, or any hostile act by or against a belligerent
power. 12. Refund for no claim: "Warranted if there is no claim under the
policy, refund premium as may be determined in the sole
discretion of the Company will be allowed."

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

> PART III OF SCHEDULE

Standard Terms And Conditions 8. Special Provisions

1. Incontestability and Duty of Disclosure Any special provisions subject to which this policy has been
entered into and endorsed in the policy or in any separate
The policy shall be null and void and no benefit shall be payable instrument shall be deemed to be part of this policy and shall
i n t h e e v e n t o f untrue or incorrect statements, have effect accordingly.
misrepresentation, misdescription or non-disclosure i n a n y
material particular in the proposal form, personal statement, 9. Overriding effect of Part II of the Schedule
declaration and connected documents, or any material The terms and conditions contained herein and in Part II of the
information having been withheld, or a claim being fraudulent Schedule shall be deemed to form part of the policy and shall
or any fraudulent means or devices being used by the Insured be read as if they are specifically incorporated herein; however,
or any one acting on his behalf to obtain any benefit under this in case of any inconsistency of any term and condition with the
policy. scope of cover contained in Part II of the Schedule, then the
2. Reasonable Care term(s) and condition(s) contained herein shall be read mutatis
mutandis with the scope of cover/terms and conditions
The Insured shall take all reasonable steps to safeguard the contained in Part II of the Schedule and shall be deemed to be
interests of the Insured against accidental loss, or damage that modified accordingly or superseded in case of inconsistency
may give rise to the claim. being irreconcilable.
3. Observance of terms and conditions 10. Electronic Transactions
The due observance and fulfillment of the terms, conditions Terms and conditions as the Company may prescribe from time
and endorsements of this policy in so far as they relate to to time, and hereby agrees and confirms that all transactions
anything to be done or complied with by the Insured, shall be a effected by or through facilities for conducting remote
condition precedent to any liability of the Company to make any transactions including the Internet, World Wide Web, electronic
payment under this policy. data interchange, call centers, teleservice operations (whether
4. Material change voice, video, data or combination thereof) or by means of
electronic, computer, automated machines network or through
The Insured shall immediately notify the Company by fax and in
other means of telecommunication, established by or on behalf
writing of any material change in the risk and cause at his own
of the Company, for and in respect of the policy or its terms, or
expense such additional precautions to be t a k e n a s
the Company's other products and services, shall constitute
circumstances may require to ensure safe operation of the
legally binding and valid transactions when done in adherence
Insured items or trade or business practices thereby containing
to and in compliance with the Company's terms and conditions
the circumstances that may give rise to the claim and the
for such facilities, as may be prescribed from time to time. The
Company may, adjust the scope of cover and / or premium, if
Insured agrees that the Company may exchange, share or part
necessary, accordingly.
with any information to or with other ICICI Group Companies or
5. Records to be maintained any other person in connection with the Policy, as may be
determined by the Company and shall not hold the Company
The Insured shall keep an accurate record containing all
liable for such use/application.
relevant particulars and shall allow the Company to inspect
such record. The Insured shall within one month after the expiry 11. Duties of the Insured on occurrence of loss
of each period of insurance furnish such information as the
On the occurrence of any loss, within the scope of cover under
Company may require.
the policy the Insured shall:
6. No constructive Notice
11.1 Forthwith file/submit a Claim Form in accordance with
Any of the circumstances in relation to these conditions coming Claim Procedure Clause as provided in Part II of the
to the knowledge of any official of the Company shall not be Schedule.
the notice to or be held to bind or prejudicially affect the
11.2 Allow the Surveyor or any agent of the Company to
Company notwithstanding subsequent acceptance of any
inspect the lost/damaged properties/premises/goods or
premium.
any other material items, as per the Right to Inspect
7. Notice of charge etc. Clause as provided in this Part.
The Company shall not be bound to notice or be affected by 11.3 Assist and not hinder or prevent the Company or any of
any notice of any trust, charge, lien, assignment or other its agents in pursuance of their duties under Rights of
dealing with or relating to this policy but the receipt of the the Company On Happening Of Loss Or Damage Clause
Insured or his legal personal representative shall in all cases be as
an effectual discharge to the company .

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

provided in this Part. 14. Indemnity

11.4 Not abandon the insured property/item/premises, nor The Company may at its option, if applicable reinstate, replace
take any steps to rectify/remedy the damage before the or repair the property or premises lost or damaged or any part
same has been approved by the Company or any of its thereof instead of paying the amount of loss or damage or may
agents or the Surveyor. join with any other insurer in so doing. The Company shall not
be bound to reinstate exactly or completely but only as
If the Insured does not comply with the provisions of this
circumstances permit and in reasonably sufficient manner and
Clause or other obligations cast upon the Insured under
in no case shall the Company be bound to expend more in
this policy, in terms of the other clauses referred to
reinstatement than it would have cost to reinstate such property
herein or in terms of the other clauses in any of the
as it was at the time of the occurrence of such loss or damage
policy documents, all benefits under the policy shall be
and in any event not more than the sum Insured thereon. If in
forfeited, at the option of the Company.
any case the Company shall be unable to reinstate or repair the
12. Rights of the Company on happening of loss or damage: insured property/item hereby insured, because of any law or
other regulations in force affecting insured property or
On the happening of loss or damage, or circumstances that
otherwise, the Company shall, in every such case, only be liable
have given rise to a claim under this policy, the Company may:
to pay such sum as would be requisite under the policy.
12.1 enter and/or take possession of the insured property,
15. Subrogation
where the loss or damage has happened
In the event of payment under this policy, the Company shall be
12.2 take possession of or require to be delivered to it any
subrogated to all the Insured's rights or recovery thereof against
property of the Insured in the building or on the premises
any person or organisation, and the Insured shall execute and
at the time of the loss or damage
deliver instruments and papers necessary to secure such rights.
12.3 keep possession of any such property and examine, sort,
The Insured and any claimant under this policy shall at the
arrange, remove or other wise deal with the same;
expense of the Company do and concur in doing and permit to
and/or,
be done, all such acts and things as may be necessary or
 its agents in pursuance of their duties under Rights of
dealing with or relating to this policy but the receipt of the the Company On Happening Of Loss Or Damage Clause
Insured or his legal personal representative shall in all cases be as
an effectual discharge to the company .

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

provided in this Part. 14. Indemnity

11.4 Not abandon the insured property/item/premises, nor The Company may at its option, if applicable reinstate, replace
take any steps to rectify/remedy the damage before the or repair the property or premises lost or damaged or any part
same has been approved by the Company or any of its thereof instead of paying the amount of loss or damage or may
agents or the Surveyor. join with any other insurer in so doing. The Company shall not
be bound to reinstate exactly or completely but only as
If the Insured does not comply with the provisions of this
circumstances permit and in reasonably sufficient manner and
Clause or other obligations cast upon the Insured under
in no case shall the Company be bound to expend more in
this policy, in terms of the other clauses referred to
reinstatement than it would have cost to reinstate such property
herein or in terms of the other clauses in any of the
as it was at the time of the occurrence of such loss or damage
policy documents, all benefits under the policy shall be
and in any event not more than the sum Insured thereon. If in
forfeited, at the option of the Company.
any case the Company shall be unable to reinstate or repair the
12. Rights of the Company on happening of loss or damage: insured property/item hereby insured, because of any law or
other regulations in force affecting insured property or
On the happening of loss or damage, or circumstances that
otherwise, the Company shall, in every such case, only be liable
have given rise to a claim under this policy, the Company may:
to pay such sum as would be requisite under the policy.
12.1 enter and/or take possession of the insured property,
15. Subrogation
where the loss or damage has happened
In the event of payment under this policy, the Company shall be
12.2 take possession of or require to be delivered to it any
subrogated to all the Insured's rights or recovery thereof against
property of the Insured in the building or on the premises
any person or organisation, and the Insured shall execute and
at the time of the loss or damage
deliver instruments and papers necessary to secure such rights.
12.3 keep possession of any such property and examine, sort,
The Insured and any claimant under this policy shall at the
arrange, remove or other wise deal with the same;
expense of the Company do and concur in doing and permit to
and/or,
be done, all such acts and things as may be necessary or
12.4 sell any such property or dispose of the same for required by the Company, before or after Insured's
account of whom it may concern. indemnification, in enforcing or endorsing any rights or
remedies, or of obtaining relief or indemnity, to which the
The powers conferred by this condition shall be
Company shall be or would become entitled or subrogated.
exercisable by the Company at any time until notice in
writing is given by the Insured that he makes no claim 16. Contribution
under the policy, or if any claim is made, until such claim
If at the time of the happening of any loss or damage covered
is finally determined or withdrawn. The Company shall
by this policy, there shall be existing any other insurance of any
not by any act done in the exercise or purported exercise
nature whatsoever covering the same, whether effected by the
of its powers hereunder incur any liability to the Insured
Insured or not, then the Company shall not be liable to pay or
or diminish its rights to rely upon any of the conditions of
contribute more than its rateable proportion of any loss or
this policy in answer to any claim. If the Insured or any
damage.
person on his behalf shall not comply with the
requirement of the Company, or shall hinder or obstruct 17. Fraudulent claims
the Company in the exercise of the powers hereunder, all If any claim is in any respect fraudulent, or if any false
benefits under the policy shall be forfeited at the option statement, or declaration is made or used in support thereof, or
of the Company. if any fraudulent means or devices are used by the Insured or
13. Right to inspect anyone acting on his behalf to obtain any benefit under this
policy, or if a claim is made and rejected and no court action or
If required by the Company, an agent/representative of the
suit is commenced within twelve months after such rejection or,
Company including a loss assessor or a Surveyor appointed in
in case of arbitration taking place as provided therein, within
that behalf shall in case of any loss or any circumstances that
twelve (12) calendar months after the Arbitrator or Arbitrators
have given rise to the claim to the Insured be permitted at all
have made their award, all benefits under this policy shall be
reasonable times to examine into the circumstances of such
forfeited.
loss. The Insured shall on being required so to do by the
Company produce all books of accounts, receipts, documents 18. Cancellation/termination
relating to or containing entries relating to the loss or such The Company may at any time, cancel this policy, by giving 7
circumstance in his possession and furnish copies of or extracts days notice in writing by Registered post/Acknowledgement Due
from such of them as may be required by the Company so far post to the Insured at his last known address in which case the
as they relate to such claims or will in any way assist the Company shall be liable to repay on demand a rateable
Company to ascertain in the correctness thereof or the liability proportion of the premium for the unexpired term from the date
of the Company under the policy. of the cancellation. The Insured may also give 7 days notice in
writing, to the Company,

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

for the cancellation of this policy, in which case the Company

shall cancel the policy from the date of receipt of notice and CARGO ISM ENDORSEMENT
retain the premium for the period this policy has been in force
Warranted that in no case shall this insurance cover loss, damage
at the Company's short period scales.
or expense where the subject matter insured is carried by a vessel
19. Cause of Action/ Currency for payments that is not ISM Code certified or whose owners or operators do not
hold an ISM Code document of Compliance when, at the time of
No Claims shall be payable under this policy unless the cause
loading of the subject matter insured on board the vessel, the
of action arises in India, unless otherwise specifically provided
Assured were aware, or in the ordinary course of business should
in Part II of the Schedule to this policy. All claims shall be
have been aware
payable in India in Indian currency only.
1 Either that such vessel was not certified in accordance with
20. Policy Disputes
the ISM Code.
Any dispute concerning the interpretation of the terms,
conditions, limitations and/or exclusions contained herein is 2 Or that a current document of Compliance was not held by
understood and agreed to by both the Insured and the her owners or operators as required under the SOLAS
Company to be subject to Indian Law. Each party agrees to Convention 1974 as amended.
submit to the exclusive jurisdiction of the High Court of Mumbai This exclusion shall not apply where this insurance has been
and to comply with all requirements necessary to give such assigned to the party claiming hereunder who has bought or agreed
Court the jurisdiction. All matters arising hereunder shall be to buy the subject matter insured in good faith under a binding
determined in accordance with the law and practice of such contract."
Court.

21. Renewal notice CARGO TERMINATION OF STORAGE IN TRANSIT

The Company shall not be bound to accept any renewal CLAUSE
premium nor give notice that such is due. Every renewal (For warehousing and or storage risks insured in the ordinary cause of
 Company to ascertain in the correctness thereof or the liability proportion of the premium for the unexpired term from the date
of the Company under the policy. of the cancellation. The Insured may also give 7 days notice in
writing, to the Company,

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

for the cancellation of this policy, in which case the Company

shall cancel the policy from the date of receipt of notice and CARGO ISM ENDORSEMENT
retain the premium for the period this policy has been in force
Warranted that in no case shall this insurance cover loss, damage
at the Company's short period scales.
or expense where the subject matter insured is carried by a vessel
19. Cause of Action/ Currency for payments that is not ISM Code certified or whose owners or operators do not
hold an ISM Code document of Compliance when, at the time of
No Claims shall be payable under this policy unless the cause
loading of the subject matter insured on board the vessel, the
of action arises in India, unless otherwise specifically provided
Assured were aware, or in the ordinary course of business should
in Part II of the Schedule to this policy. All claims shall be
have been aware
payable in India in Indian currency only.
1 Either that such vessel was not certified in accordance with
20. Policy Disputes
the ISM Code.
Any dispute concerning the interpretation of the terms,
conditions, limitations and/or exclusions contained herein is 2 Or that a current document of Compliance was not held by
understood and agreed to by both the Insured and the her owners or operators as required under the SOLAS
Company to be subject to Indian Law. Each party agrees to Convention 1974 as amended.
submit to the exclusive jurisdiction of the High Court of Mumbai This exclusion shall not apply where this insurance has been
and to comply with all requirements necessary to give such assigned to the party claiming hereunder who has bought or agreed
Court the jurisdiction. All matters arising hereunder shall be to buy the subject matter insured in good faith under a binding
determined in accordance with the law and practice of such contract."
Court.

21. Renewal notice CARGO TERMINATION OF STORAGE IN TRANSIT

The Company shall not be bound to accept any renewal CLAUSE
premium nor give notice that such is due. Every renewal (For warehousing and or storage risks insured in the ordinary cause of
premium (which shall be paid and accepted in respect of this transit)
policy) shall be so paid and accepted upon the distinct
understanding that no alteration has taken place in the facts This clause shall be paramount and shall override anything contained in
contained in the proposal or declaration herein before this insurance inconsistent therewith.
mentioned and that nothing is known to the Insured that may 1. Notwithstanding any provision to the contrary contained in this
result to enhance the risk of the company under the guarantee policy or the clauses referred to therein, it is agreed that in so
hereby given. No renewal receipt shall be valid unless it is on far as this policy covers loss of or damage to the subject-matter
the printed form of the Company and signed by an authorised insured whilst being warehoused and /or stored, this cover is
official of the Company. conditional upon such warehousing and/or storage being in the
22. Notices ordinary course of transit and, in any event, SHALL TERMINATE
EITHER:
Any notice, direction or instruction given under this policy shall
be in writing and delivered by hand, post, or facsimile to In 1.1 As per the transit clauses contained within the Policy.
case of the Insured, at the address specified in Part 1 of the Or
Schedule.
1.2 On delivery to the Consignee's or other final warehouse
In case of the Company: or place of storage at the destination named herein,
ICICI Lombard General Insurance Company Limited 1.3 On delivery to any other warehouse or place of storage,
ICICI Lombard House, 414, Veer Savarkar Marg, whether prior to or at the destination named herein,
which the Assured elect to use either for storage other
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai - 400 025.
than in the ordinary course of transit or for allocation or
Notice and instructions will be deemed served 7 days after distribution,
posting or immediately upon receipt in the case of hand
Or
delivery, facsimile or email.
1.4 In the respect of marine transits, on the expiry of 60
23. Customer Service
days completion after of discharge overside of the
If at any time the Insured requires any clarification or goods hereby insured from the oversea vessel at the
assistance, the Insured may contact the offices of the final port of discharge,
Company at the address specified, during normal business
1.5 In respect of air transits, on the expiry of 30 days
hours.
after unloading the subject-matter insured from the
aircraft at the final place of discharge,

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

Whichever shall first occur.

Institute Extended Radioactive Contamination Exclusion
2. If this Policy or the Clauses referred to therein specifically
Clause(01.11.02)
provide cover for inland or other further transits following
on from storage, cover will re-attach, and continues during This Clause shall be paramount and shall override anything
the ordinary course of that transit terminating again in contained in this insurance inconsistent therewith
accordance with clause 1.
1. in no case shall this insurance cover loss damage liability or
expense directly or indirectly caused by or contributed to
CARGO TERMINATION OF TRANSIT CLAUSE arising from
(TERRORISM)
1.1 ionising radiation from or contamination by
This Clause shall be paramount and shall override anything contained in radioactivity from any nuclear fuel o r f r o m a n y
this insurance inconsistent therewith.s insurance inconsistent nuclear waste or from the combustion of nuclear
therewith. fuel.

1. Notwithstanding any provision to the contrary contained in this 1.2 the radioactive, toxic, explosive or other hazardous or
policy or the Clauses referred to therein ,it is agreed that in so contaminating properties of any nuclear installation,
far as this policy covers loss of or damage to the subject-matter reactor or other nuclear assembly or nuclear
insured caused by any terrorist or any person acting from a component thereof
political motive ,such cover is conditional upon the subject-
1.3 any weapon or device employing atomic or nuclear
matter insured being in the ordinary course of transit and ,in any
fission and/or fusion or other like reaction or radioactive
event ,SHALL TERMINATE EITHER:
force or matter
1.1 on per the transit clauses contained within the policy,
1.4 the radioactive, toxic , explosive or other hazardous or
or contaminating properties of any radioactive matter . The
exclusion in this sub-clause does not extend to
1.2 on delivery to the consignee's or other final warehouse
radioactive isotopes, other then nuclear fuel, when such
or place of the storage at the destination named herein.
isotopes are being prepared , carried, stored, or used for
 Company at the address specified, during normal business
1.5 In respect of air transits, on the expiry of 30 days
hours.
after unloading the subject-matter insured from the
aircraft at the final place of discharge,

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

Whichever shall first occur.

Institute Extended Radioactive Contamination Exclusion
2. If this Policy or the Clauses referred to therein specifically
Clause(01.11.02)
provide cover for inland or other further transits following
on from storage, cover will re-attach, and continues during This Clause shall be paramount and shall override anything
the ordinary course of that transit terminating again in contained in this insurance inconsistent therewith
accordance with clause 1.
1. in no case shall this insurance cover loss damage liability or
expense directly or indirectly caused by or contributed to
CARGO TERMINATION OF TRANSIT CLAUSE arising from
(TERRORISM)
1.1 ionising radiation from or contamination by
This Clause shall be paramount and shall override anything contained in radioactivity from any nuclear fuel o r f r o m a n y
this insurance inconsistent therewith.s insurance inconsistent nuclear waste or from the combustion of nuclear
therewith. fuel.

1. Notwithstanding any provision to the contrary contained in this 1.2 the radioactive, toxic, explosive or other hazardous or
policy or the Clauses referred to therein ,it is agreed that in so contaminating properties of any nuclear installation,
far as this policy covers loss of or damage to the subject-matter reactor or other nuclear assembly or nuclear
insured caused by any terrorist or any person acting from a component thereof
political motive ,such cover is conditional upon the subject-
1.3 any weapon or device employing atomic or nuclear
matter insured being in the ordinary course of transit and ,in any
fission and/or fusion or other like reaction or radioactive
event ,SHALL TERMINATE EITHER:
force or matter
1.1 on per the transit clauses contained within the policy,
1.4 the radioactive, toxic , explosive or other hazardous or
or contaminating properties of any radioactive matter . The
exclusion in this sub-clause does not extend to
1.2 on delivery to the consignee's or other final warehouse
radioactive isotopes, other then nuclear fuel, when such
or place of the storage at the destination named herein.
isotopes are being prepared , carried, stored, or used for
1.3 on delivery to any other warehouse or place of storage, commercial , agricultural , medical , scientific or other
whether prior to or at the destination named herein, similar peaceful purposes.
which the assured elect to use either for storage other
than in the ordinary course of transit or for allocation or InstituteChemical , Biological , Bio-Chemical Electromagnetic Weapons
distribution, and cyber attack exclusion Cluase (01.11.02)

OR This Clause shall be paramount and shall override anything contained in

this insurance inconsistent therewith.s insurance inconsistent therewith.
1.4 in the respect of marine transits, on the expiry of 60
days after completion of discharge overside of the goods 1. in no case shall this insurance cover loss damage liability or
hereby insured from the oversea vessel at the final port expense directly or indirectly caused by or contributed to arising
of discharge. from

1.5 in respect of air transits, on the expiry of 30 days after 1.1 Any chemical, biological, bio-chemical or
unloading the subject-matter insured from the aircraft at electromagnetic weapon
the final place of discharge. 1.2 The use or operation, as a means for inflicting harm, of
Whichever shall be first occur any computer, computer system, computer software
programme ,Computer virus or process or any other
2. If this policy or the clauses referred to therein specifically provide electronic system.
cover for inland or other further transit following on from
storage, cover will re-attach, and continues during the ordinary
course of that transit terminating again in accordance with PRIVATE CARRIERS WARANTY
clause 1. The insurer's liability shall be limited upto 75 % of the assessed loss

1. Where the consignment Note is issued limiting the liability to

the carriers by special contract duly signed by the consignor,
consignee or their duly authorized representative or agent or

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

2. Where the consignment note is issued by a Private carrier

(other than the vehicle belonging to the owner of the WAR AND STRIKES CANCELLATION
goods) or Freight Broker or CLAUSE(CARGO)

3. Where the goods are being transported in insured's own The cover against war risks and strikes, riots and civil commotions
vehicle or risks (as defined in the relevant Institute War Clauses and Institute
Strikes Clauses) may be cancelled by either the Underwriters or the
4. Wherever the recovery rights are not protected by the
Assured except in respect of any insurance which shall have
consignee.
attached in accordance with the conditions of the Institute War
This warranty would not apply where loss/damage occurred whilst Clauses and Institute Strikes Clauses before the cancellation
the goods were not in the custody of the carriers. becomes effective. Such cancellation shall however only become
effective on the expiry of 7 days from midnight of the day on which
SANCTION LIMITATION AND EXCLUSION CLAUSE notice of the cancellation is issued by or to the Underwriters.
No (re)insurer shall be deemed to provide cover and no (re)insurer
SRCC CANCELLATION CLAUSE
shall be liable to pay any claim or provide any benefit hereunder to
the extent that the provision of such cover, payment of such claim The cover against strikes, riots and civil commotions risks (as defined in
or provision of such benefit would expose that (re)insurer to any the relevant S R C C C l a u s e s ) m a y b e c a n c e l l e d b y e i t h e r t h e
sanction, prohibition or restriction under United Nations resolutions Underwriters or the Assured except in respect of any insurance which
or the trade or economic sanctions, laws or regulations of the shall have attached in accordance with the conditions of SRCC Clauses
European Union, United Kingdom or United States of America. before the cancellation becomes effective. Such cancellation shall
11/08/10 JC2010/014 however only become effective on the expiry of 7 days from midnight
of the day on which notice of the cancellation is issued by or to the
Underwriters.

Grievance Clause
In case you are aggrieved in any way, You should do the following
i. For resolution of any query or grievance, Insured may contact the respective branch office of The Company or may call us at toll
free no.1800 2666 or email us at customersupport@icicilombard.com or write to us at

Grievance Redressal Officer

 1. Where the consignment Note is issued limiting the liability to
the carriers by special contract duly signed by the consignor,
consignee or their duly authorized representative or agent or

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

2. Where the consignment note is issued by a Private carrier

(other than the vehicle belonging to the owner of the WAR AND STRIKES CANCELLATION
goods) or Freight Broker or CLAUSE(CARGO)

3. Where the goods are being transported in insured's own The cover against war risks and strikes, riots and civil commotions
vehicle or risks (as defined in the relevant Institute War Clauses and Institute
Strikes Clauses) may be cancelled by either the Underwriters or the
4. Wherever the recovery rights are not protected by the
Assured except in respect of any insurance which shall have
consignee.
attached in accordance with the conditions of the Institute War
This warranty would not apply where loss/damage occurred whilst Clauses and Institute Strikes Clauses before the cancellation
the goods were not in the custody of the carriers. becomes effective. Such cancellation shall however only become
effective on the expiry of 7 days from midnight of the day on which
SANCTION LIMITATION AND EXCLUSION CLAUSE notice of the cancellation is issued by or to the Underwriters.
No (re)insurer shall be deemed to provide cover and no (re)insurer
SRCC CANCELLATION CLAUSE
shall be liable to pay any claim or provide any benefit hereunder to
the extent that the provision of such cover, payment of such claim The cover against strikes, riots and civil commotions risks (as defined in
or provision of such benefit would expose that (re)insurer to any the relevant S R C C C l a u s e s ) m a y b e c a n c e l l e d b y e i t h e r t h e
sanction, prohibition or restriction under United Nations resolutions Underwriters or the Assured except in respect of any insurance which
or the trade or economic sanctions, laws or regulations of the shall have attached in accordance with the conditions of SRCC Clauses
European Union, United Kingdom or United States of America. before the cancellation becomes effective. Such cancellation shall
11/08/10 JC2010/014 however only become effective on the expiry of 7 days from midnight
of the day on which notice of the cancellation is issued by or to the
Underwriters.

Grievance Clause
In case you are aggrieved in any way, You should do the following
i. For resolution of any query or grievance, Insured may contact the respective branch office of The Company or may call us at toll
free no.1800 2666 or email us at customersupport@icicilombard.com or write to us at

Grievance Redressal Officer

ICICI Lombard General Insurance Company Ltd.
ICICI Lombard House, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi,Mumbai- 400025.

ii. If you are not satisfied with the resolution provided, you may approach us at the sub section "Grievance Redressal" on our
website www.icicilombard.com (Customer Support section)

iii. In case your complaint is not fully addressed by the insurer,you may use the Integrated Grievance Management System (IGMS)
for escalating the complaint to IRDA. Through IGMS you can register your complaint online and track its status.For registration
please visit IRDA website www.irda.gov.in . If the issue still remains unresolved,you may,subject to vested jurisdiction, approach
Insurance Ombudsman redressal of the grievance.

The details of Insurance Ombudsman are available below:-

Sr. No Name of office of insurance Ombudsman Territorial Area of jurisdiction
Ahmedabad: 2nd Floor, Ambika House, near C.U.
Shah college, Ashram road, Ahmedabad-380014
State of Gujarat and Union Territories of Dadra &
1 Tel No. 079-27546840, 27545441 Fax No..079-
Nagar Haveli and Daman and Diu.
27546412.
Email-bimalokpal.ahmedabad@gbic.co.in
Bengaluru: 19/19, Jeevan Soudha Building,
Ground Floor, 24th Main Road,
JP Nagar, 1st Phase,
2 State of Karnataka.
Bengaluru-560 078.
Tel.:- 080-26652048 / 26652049
Email:- bimalokpal.bengaluru@gbic.co.in

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

BHOPAL: Janak Vihar Complex, 2nd Floor, 6,

Malviya Nagar, Opp.Airtel Office,
Near New Market,
3 Bhopal - 462 033. States of Madhya Pradesh and Chattisgarh.
Tel.:- 0755-2769200/201/202
Fax:- 0755-2769203
Email:- bimalokpalbhopal@gbic.co.in
BHUBANESHWAR: 62, Forest park,
Bhubaneswar - 751 009.
4 Tel.:- 0674-2596461 / 2596455 State of Orissa.
Fax:- 0674-2596429
Email:- bimalokpal.bhubaneswar@gbic.co.in
CHANDIGARH: S.C.O. No. 101, 102 & 103, 2nd Floor,
Batra Building, Sector 17 - D,
Chandigarh - 160 017. States of Punjab, Haryana, Himachal Pradesh, Jammu
5
Tel.:- 0172-2706196/5861 / 2706468 & Kashmir and Union territory of Chandigarh.
Fax:- 0172-2708274
Email:- bimalokpal.chandigarh@gbic.co.in
CHENNAI: Fatima Akhtar Court,
4th Floor, 453 (old 312), Anna Salai,
Teynampet, State of Tamil Nadu and Union Territories -
6 CHENNAI - 600 018. Pondicherry Town and Karaikal (which are part of
Tel.:- 044-24333668 / 24335284 Union Territory of Pondicherry).
Fax:- 044-24333664
Email:- bimalokpal.chennai@gbic.co.in
DELHI:
2/2 A, Universal Insurance Building,
 Tel.:- 080-26652048 / 26652049
Email:- bimalokpal.bengaluru@gbic.co.in

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

BHOPAL: Janak Vihar Complex, 2nd Floor, 6,

Malviya Nagar, Opp.Airtel Office,
Near New Market,
3 Bhopal - 462 033. States of Madhya Pradesh and Chattisgarh.
Tel.:- 0755-2769200/201/202
Fax:- 0755-2769203
Email:- bimalokpalbhopal@gbic.co.in
BHUBANESHWAR: 62, Forest park,
Bhubaneswar - 751 009.
4 Tel.:- 0674-2596461 / 2596455 State of Orissa.
Fax:- 0674-2596429
Email:- bimalokpal.bhubaneswar@gbic.co.in
CHANDIGARH: S.C.O. No. 101, 102 & 103, 2nd Floor,
Batra Building, Sector 17 - D,
Chandigarh - 160 017. States of Punjab, Haryana, Himachal Pradesh, Jammu
5
Tel.:- 0172-2706196/5861 / 2706468 & Kashmir and Union territory of Chandigarh.
Fax:- 0172-2708274
Email:- bimalokpal.chandigarh@gbic.co.in
CHENNAI: Fatima Akhtar Court,
4th Floor, 453 (old 312), Anna Salai,
Teynampet, State of Tamil Nadu and Union Territories -
6 CHENNAI - 600 018. Pondicherry Town and Karaikal (which are part of
Tel.:- 044-24333668 / 24335284 Union Territory of Pondicherry).
Fax:- 044-24333664
Email:- bimalokpal.chennai@gbic.co.in
DELHI:
2/2 A, Universal Insurance Building,
Asaf Ali Road,
7 New Delhi - 110 002. State of Delhi
Tel.:- 011-23239611/7539/7532
Fax:- 011-23230858
Email:- bimalokpal.delhi@gbic.co.in
ERNAKULAM: 2nd floor, Pulinat Building,
Opp. Cochin Shipyard,
States of Kerala and Union territory of
M.G. Road,
(a) Lakshadweep
8 Ernakulum - 682 015.
(b) Mahe-a part of Union territory of
Tel.:- 0484-2358759/2359338
Pondicherry
Fax:- 0484-2359336
Email:- bimalokpal.ernakulum@gbic.co.in
GUWAHATI: 'Jeevan Nivesh', 5th Floor,
Nr. Panbazar over bridge, S.S. Road,
Guwahati - 781001(ASSAM). States of Assam, Meghalaya, Manipur, Mizoram,
9
Tel.:- 0361- 2132204 / 2132205 Arunachal Pradesh, Nagaland and Tripura.
Fax:- 0361-2732937
Email:- bimalokpal.guwahati@gbic.co.in
HYDERABAD: 6-2-46, 1st floor, "Moin Court"
Lane Opp. Saleem Function Palace,
A. C. Guards, Lakdi-Ka-Pool, States of Andhra Pradesh, Telangana and Union
10 Hyderabad - 500 004. Territory of Yanam - a part of the Union Territory
Tel.:- 040-65504123/23312122 of Pondicherry.
Fax:- 040-23376599
Email:- bimalokpal.hyderabad@gbic.co.in
JAIPUR:
Jeevan Nidhi-II Bldg.,
Ground Floor,
11 Bhawani Singh Marg, State of Rajasthan.
Jaipur - 302005.
Tel.:- 0141-2740363
Email:- bimalokpal.jaipur@gbic.co.in
KOLKATA:
Hindustan Building Annexe,
4th floor, 4, CR Avenue,
States of West Bengal, Bihar, Sikkim and Union
12 Kolkata - 700 072.
Territories of Andaman and Nicobar Islands.
Tel.:- 033-22124339 / 22124340
Fax:- 033-22124341
Email:- bimalokpal.kolkata@gbic.co.in

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

District of Uttar Pradesh:

LUCKNOW: Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot,
6th Floor, Jeevan Bhawan, Allahabad, Mirzapur, Sonbhabdra, Fatehpur,
Phase-II, Nawal Kishore Road, Pratapgarh, Jaunpur, Varansi, Gazipur, Jalaun, Kanpur,
Hazratganj, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich,
13
Lucknow-226 001. Barabanki, Raebareli, Sravasti, Gonda, Faizabad,
Tel.:- 0522-2231330 / 2231331 Amethi, Kaushambi, Balrampur, Basti,
Fax:- 0522-2231310. Ambedkarnagar, Sulanpur, Maharajganj,
Email:- bimalokpal.lucknow@gbic.co.in Santkabirnagar, Azamgarh, Kaushinagar, Gorkhpur,
Deoria, Mau, Chandauli, Ballia, Sidharathnagar.
MUMBAI:
3rd Floor, Jeevan Seva Annexe,
S. V. Road, Santacruz (W),
States of Goa, Mumbai Metropolitan Region excluding
14 Mumbai - 400 054.
Navi Mumbai & Thane.
Tel.:- 022-26106928/360/889
Fax:- 022-26106052
Email:- bimalokpal.mumbai@gbic.co.in
States of Uttaranchal and the following Districts of
Uttar Pradesh:. Agra, Aligarh, Bagpat, Bareilly, Bijnor,
NOIDA:
Budaun, Bulandshehar, Etah, Kanooj, Mainpuri,
Bhagwan Sahai Palace,
Mathura, Meerut, Moradabad, Muzaffarnagar,
4th Floor, Main Road,
15 Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozabad,
 Territories of Andaman and Nicobar Islands.
Tel.:- 033-22124339 / 22124340
Fax:- 033-22124341
Email:- bimalokpal.kolkata@gbic.co.in

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE INLAND (OPEN) INSURANCE POLICY

District of Uttar Pradesh:

LUCKNOW: Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot,
6th Floor, Jeevan Bhawan, Allahabad, Mirzapur, Sonbhabdra, Fatehpur,
Phase-II, Nawal Kishore Road, Pratapgarh, Jaunpur, Varansi, Gazipur, Jalaun, Kanpur,
Hazratganj, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich,
13
Lucknow-226 001. Barabanki, Raebareli, Sravasti, Gonda, Faizabad,
Tel.:- 0522-2231330 / 2231331 Amethi, Kaushambi, Balrampur, Basti,
Fax:- 0522-2231310. Ambedkarnagar, Sulanpur, Maharajganj,
Email:- bimalokpal.lucknow@gbic.co.in Santkabirnagar, Azamgarh, Kaushinagar, Gorkhpur,
Deoria, Mau, Chandauli, Ballia, Sidharathnagar.
MUMBAI:
3rd Floor, Jeevan Seva Annexe,
S. V. Road, Santacruz (W),
States of Goa, Mumbai Metropolitan Region excluding
14 Mumbai - 400 054.
Navi Mumbai & Thane.
Tel.:- 022-26106928/360/889
Fax:- 022-26106052
Email:- bimalokpal.mumbai@gbic.co.in
States of Uttaranchal and the following Districts of
Uttar Pradesh:. Agra, Aligarh, Bagpat, Bareilly, Bijnor,
NOIDA:
Budaun, Bulandshehar, Etah, Kanooj, Mainpuri,
Bhagwan Sahai Palace,
Mathura, Meerut, Moradabad, Muzaffarnagar,
4th Floor, Main Road,
15 Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozabad,
Naya Bans, Sector-15,
Gautam Budh Nagar, Ghaziabad, Hardoi,
Gautam Budh Nagar, Noida
Shahjahanpur, Hapur, Shamli, Rampur, Kashganj,
Email:- bimalokpal.noida@gbic.co.in
Sambhal, Amroha, Hathras, Kanshiramnagar,
Saharanpur.
PATNA:
Office of the Insurance Ombudsman,
1st Floor, Kalpana Arcade Building,
16 Bazar Samiti Road, States of Bihar and Jharkhand.
Bahadurpur,
Patna - 800 006.
Email:- bimalokpal.patna@gbic.co.in
PUNE:
Office of the Insurance Ombudsman,
Jeevan Darshan Building, 3rd Floor,
CTS Nos. 195 to 198, States of Maharashtra, Area of Navi Mumbai and
17
NC Kelkar Road, Narayan Peth, Thane excluding Mumbai Metropolitan Region.
Pune - 411 030
Tel: 020 -32341320
Email:- bimalokpal.pune@gbic.co.in

The updated details of Insurance Ombudsman are available on IRDA website:www.irdaindia.org, on the website of General Insurance
Council:www.generalinsurancecouncil.org.in, website of the Company www.icicilombard.com or from any of the offices of the Company

Note - In case of renewal of the policy, policy benefit and terms & conditions of policy including premium may be subject to change.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE SALES TURNOVER POLICY/EXIM POLICY

Communicable Disease Exclusion [Clause]

1. Notwithstanding any provision, clause or term of this [insurance Contract] to the contrary, this [insurance Contract] excludes any loss, cost, damage, liability,
claim, fines, penalty or expense or any other amount of whatsoever nature, whether directly or indirectly and/or in whole or in part, related to, caused by,
contributed to by, resulting from, as a result of, as a consequence of, attributable to, arising out of, arising under, in connection with, or in any way involving (this
includes all other terms commonly used and/or understood to reflect or describe nexus and/or connection from one thing to another whether direct or indirect):

1.1 a Communicable Disease and/or the fear or threat (whether actual or perceived) of a Communicable Disease and/or the actual or alleged transmission of a
Communicable Disease regardless of any other cause or event contributing and/ or occurring concurrently or in any sequence thereto, and

1.2 a pandemic or epidemic, as declared by the World Health Organisation or any governmental authority.

2. As used herein, Communicable Disease means: any infectious, contagious or communicable substance or agent and/or any infectious, contagious or
communicable disease which can be caused and/or transmitted by means of substance or agent where:

2.1 the disease includes, but is not limited an illness, sickness, condition or an interruption or disorder of body functions, systems or organs, and

2.2 the substance or agent includes, but is not limited to, a virus, bacterium, parasite, other organism or other micro-organism (whether asymptomatic or not);
including any variation or mutation thereof, whether deemed living or not, and

2.3 the method of transmission, whether direct or indirect, includes but not limited to, airborne transmission, bodily fluid transmission, transmission through contact
with human fluids, waste or the like, transmission from or to any surface or object, solid, liquid or gas or between organisms including between humans,
animals, or from any animal to any human or from any human to any animal, and

2.4 the disease, substance or agent is such:

2.4.1 that causes or threatens damage or can cause or threaten damage to human health or human welfare, or

2.4.2 that causes or threatens damage to or can cause or threaten damage to, deterioration to, contamination of, loss of value of, loss of marketability of or
loss of use or usefulness of, tangible or intangible property.

For avoidance of doubt, Communicable Disease includes but is not limited to Coronavirus Disease 2019 (Covid -19) and any variation or mutation thereof.

3. For further avoidance of doubt, any contingent or other business interruption loss, cost, damage, loss of income, loss of use, increased cost of working and/or
extra expense arising out of or attributable to:

3.1 any partial or complete closure of and/or slowdown in, including but not limited to any closure by or under the advisories of public, military, government or civil
authorities, or any denial of access to insured premises, or customer and or supplier premises (including service / utility providers), or

3.2 change in consumer behaviour, or

3.3 an absence of infected employees or employees suspected of being infected shall not be covered by this [insurance Contract].

4. For still further avoidance of doubt, loss, cost, damage, liability, claim, fines, penalty or expense or any other amount excluded hereby, includes but is not limited
to any cost to identify, clean-up, detoxify, disinfect, decontaminate, mitigate, remove, evacuate, repair, replace, monitor, sanitize or test: (1) for a Communicable
Disease or (2) any tangible or intangible property covered by this [insurance Contract] that is affected by such Communicable Disease.

5. It is clarified that (1) no other prior, concurrent or subsequent provision, clause, term or exception of this [insurance Contract] (including (but not limited to) any
The updated details of Insurance Ombudsman are available on IRDA website:www.irdaindia.org, on the website of General Insurance
Council:www.generalinsurancecouncil.org.in, website of the Company www.icicilombard.com or from any of the offices of the Company

Note - In case of renewal of the policy, policy benefit and terms & conditions of policy including premium may be subject to change.

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

MARINE SALES TURNOVER POLICY/EXIM POLICY

Communicable Disease Exclusion [Clause]

1. Notwithstanding any provision, clause or term of this [insurance Contract] to the contrary, this [insurance Contract] excludes any loss, cost, damage, liability,
claim, fines, penalty or expense or any other amount of whatsoever nature, whether directly or indirectly and/or in whole or in part, related to, caused by,
contributed to by, resulting from, as a result of, as a consequence of, attributable to, arising out of, arising under, in connection with, or in any way involving (this
includes all other terms commonly used and/or understood to reflect or describe nexus and/or connection from one thing to another whether direct or indirect):

1.1 a Communicable Disease and/or the fear or threat (whether actual or perceived) of a Communicable Disease and/or the actual or alleged transmission of a
Communicable Disease regardless of any other cause or event contributing and/ or occurring concurrently or in any sequence thereto, and

1.2 a pandemic or epidemic, as declared by the World Health Organisation or any governmental authority.

2. As used herein, Communicable Disease means: any infectious, contagious or communicable substance or agent and/or any infectious, contagious or
communicable disease which can be caused and/or transmitted by means of substance or agent where:

2.1 the disease includes, but is not limited an illness, sickness, condition or an interruption or disorder of body functions, systems or organs, and

2.2 the substance or agent includes, but is not limited to, a virus, bacterium, parasite, other organism or other micro-organism (whether asymptomatic or not);
including any variation or mutation thereof, whether deemed living or not, and

2.3 the method of transmission, whether direct or indirect, includes but not limited to, airborne transmission, bodily fluid transmission, transmission through contact
with human fluids, waste or the like, transmission from or to any surface or object, solid, liquid or gas or between organisms including between humans,
animals, or from any animal to any human or from any human to any animal, and

2.4 the disease, substance or agent is such:

2.4.1 that causes or threatens damage or can cause or threaten damage to human health or human welfare, or

2.4.2 that causes or threatens damage to or can cause or threaten damage to, deterioration to, contamination of, loss of value of, loss of marketability of or
loss of use or usefulness of, tangible or intangible property.

For avoidance of doubt, Communicable Disease includes but is not limited to Coronavirus Disease 2019 (Covid -19) and any variation or mutation thereof.

3. For further avoidance of doubt, any contingent or other business interruption loss, cost, damage, loss of income, loss of use, increased cost of working and/or
extra expense arising out of or attributable to:

3.1 any partial or complete closure of and/or slowdown in, including but not limited to any closure by or under the advisories of public, military, government or civil
authorities, or any denial of access to insured premises, or customer and or supplier premises (including service / utility providers), or

3.2 change in consumer behaviour, or

3.3 an absence of infected employees or employees suspected of being infected shall not be covered by this [insurance Contract].

4. For still further avoidance of doubt, loss, cost, damage, liability, claim, fines, penalty or expense or any other amount excluded hereby, includes but is not limited
to any cost to identify, clean-up, detoxify, disinfect, decontaminate, mitigate, remove, evacuate, repair, replace, monitor, sanitize or test: (1) for a Communicable
Disease or (2) any tangible or intangible property covered by this [insurance Contract] that is affected by such Communicable Disease.

5. It is clarified that (1) no other prior, concurrent or subsequent provision, clause, term or exception of this [insurance Contract] (including (but not limited to) any
prior, concurrent or subsequent endorsement and/or any provision, clause, term, buy back or exception that operates, or is intended to operate, to extend the
coverage of, or protections provided by, this [insurance Contract] by whatever name called like any coverage extension, additional coverage, global extension,
exception to any exclusion); (2) any change in the law, clause or similar provision; (3) any follow the fortunes clause or similar provision; and/or (4) no change in
the law or any regulation (to the extent permitted by applicable law), shall operate to provide any insurance, coverage or protection under this [insurance
Contract] that would otherwise be excluded through the exclusion set forth in this [Endorsement][Clause].

6. If the [insurer] alleges that by reason of this [Endorsement][Clause] any amount is not covered by this [insurance Contract] the burden of proving the contrary
shall rest in the [insured].

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025
 Contract] that would otherwise be excluded through the exclusion set forth in this [Endorsement][Clause].

6. If the [insurer] alleges that by reason of this [Endorsement][Clause] any amount is not covered by this [insurance Contract] the burden of proving the contrary
shall rest in the [insured].

ICICI Lombard General Insurance Company LTD

ICICI LOMBARD HOUSE, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400 025

ICICI Lombard General Insurance Company Limited

IRDA Reg. No. 115 CIN: L67200MH2000PLC129408
Mailing Address: Registered Office: Toll free No. : 1800 2666
401 & 402, 4th Floor, ICICI Lombard House, 414, Veer Savarkar
Alternate No. : +9192236 22666 (chargeable)
Interface 11, Marg,
New Linking Road, Malad
Near Siddhi Vinayak Temple, Prabhadevi, Email : customersupport@icicilombard.com
(West),
Mumbai - 400 064. Mumbai - 400 025. Website : www.icicilombard.com