AIRTRANSPORTATIONCARGOINSURANCECLAUSES

I.ScopeofCover

Thisinsuranceisclassifiedintotwoconditions-AirTransportationRisksandAirTransportationAllRisks.Wheretheinsuredgoodssustainlossordamage,theCompanyshallundertaketoindemnifythereforaccordingtotheInsuredConditionspecifiedinthepolicyandtheprovisionsoftheseClauses.

1.AirTransportationRisks

Thisinsurancecovers:

(1)Totalorpartiallossoftheinsuredgoodscausedinthecourseoftransportationbylightning,fire,explosion,jettisonduetotheaircraftencounteringbadweatherorotherperils,collision,overturning,crashingormissingoftheaircraftandotheraccidents.

(2)ReasonablecostincurredbytheInsuredinsalvingthegoodsoravertingorminimizingalossrecoverableunderthepolicy,providedthatsuchcostshallnotexceedthevalueoftheconsignmentsosaved.

2.AirTransportationAllRisks

AsidefromtheriskscoveredundertheairTransportationRisksconditionsasabove,thisinsurancealsocoversallrisksoflossofordamagetotheinsuredgoodswhetherpartialortotal,arisingfromexternalcausesinthecourseoftransit.

II.Exclusions

Thisinsurancedoesnotcover:

1.LossordamagecausedbytheintentionalactorfaultoftheInsured.

2.Lossordamagefallingundertheliabilityoftheconsignor.

3.Lossordamagearisingfromthequalityorshortageoftheinsuredgoodspriortotheattachmentofthisinsurance.

4.Lossordamagearisingfromnormalloss,inherentviceornatureoftheinsuredgoods,lossofmarketand/ordelayintransitandanyexpensesarisingtherefrom.

5.RisksandliabilitiescoveredandexcludedbytheAirTransportationWarRisksClauseandStrikes,RiotsandCivilCommotionsClauseoftheCompany.

III.Commencementand'TerminationofCover

1.WarehousetoWarehouseClause:

ThisinsuranceattachesfromthetimethegoodsherebyinsuredleavethewarehouseorplaceofstoragenamedinthePolicyforthecommencementofthetransitandcontinuesinforceintheordinarycourseoftransituntiltheinsuredgoodsaredeliveredtotheconsignee'sfinalwarehouseorplaceofstorageatthedestinationnamedinthePolicyortoanyotherplaceusedbytheInsuredforallocationordistributionofthegoodsorforstorageotherthanintheordinarycourseoftransit.Thisinsuranceshall,however,belimitedtothirty(30)daysaftercompletionofdischargeoftheinsuredgoodsfromtheaircraftatthefinalairportofdischargebeforetheyreachtheabovementionedwarehouseorplaceofstorageIfpriortotheexpiryoftheabovementionedthirty(30)days,theinsuredgoodsaretobeforwardedtoadestinationotherthanthatnamedinthePolicy,thisinsuranceshallterminateatthecommencementofsuchtransit.

2.If,owingtodelay,deviation,forceddischarge,reshipmentortranshipmentbeyondthecontroloftheInsuredoranychangeorterminationofthevoyagearisingfromtheexerciseofalibertygrantedtothecarrierunderthecontractofcarriage,theinsuredgoodsarriveataplaceotherthanthatnamedinthePolicy,subjecttoimmediatenoticebeinggiventotheCompanybytheInsuredandanadditionalpremiumbeingpaid,ifrequired,thisinsuranceshallremaininforceandshallterminateashereunder:

1)lftheinsuredgoodsaresoldataplacenotnamedinthePolicy,thisinsuranceshallterminateondeliveryofthegoodssold,butinnoeventshallthisinsuranceextendbeyondthirty(30)daysaftercompletionofdischargeoftheinsuredgoodsfromthecarryingaircraftatsuchplace.

2)IftheinsuredgoodsaretobeforwardedtothefinaldestinationnamedinthePolicyoranyotherdestination,thisinsuranceshallterminateinaccordancewithSection(l)above.

IV.DutyoftheInsured

ItisthedutyoftheInsuredtoattendtoallmattersasspecifiedhereunder：

a)TheInsuredshalltakedeliveryoftheinsuredgoodsingoodtimeupontheirarrivalatportofdestinationnamedinthePolicy.Intheeventofanydamagetotheinsuredgoods,theInsuredshallimmediatelyapplyforsurveytotheSurveyand/orSettlingAgentstipulatedinthePolicy.Iftheinsuredgoodsarefoundshortinentirepackageorpackagesortoshowapparenttracesofdamage,theInsuredshallobtainfromthecarrier,baileeorotherrelevantauthoritiescertificateoflossordamageand/orshortdelivery.Shouldthecarrier,baileeortheotherrelevantauthoritiesberesponsibleforsuchshortageordamage,theInsuredshalllodgeaclaimagainsttheminwriting,and,ifnecessary,obtaintheirconfirmationofanextensionofthetimelimitofvalidityofsuchclaim.WheretheInsuredfailstoperformthedutiesasagreeduponabove,theInsurershallnotbeliableforanylossordamagearisingtherefrom.

b)TheInsuredshalltakereasonablemeasuresimmediatelytopreventorminimizelossordamagetoinsuredgoodsexposedtoinsuredrisks.Otherwise,theInsurershallnotbeliablefortheenlargedlossordamagearisingtherefrom.

c)ThefollowingdocumentsshouldaccompanyanyclaimhereundermadeagainsttheInsurer:

-OriginalPolicy,ConsignmentNote,Invoice,PackingList,WeightMemo,CertificateofLossorDamageand/orShortDelivery,SurveyReport,StatementofClaim;

-Ifanythirdpartyisinvolved,letters,cablesandfacsimilesrelativetopursuingofrecoveryfromsuchparty;

-Otheravailablecertificatesandmaterialsinconnectionwiththedeterminationofthenatureandcauseoftheinsuredeventanddegreeofdamagetoinsuredgoods.

IftheInsurercan?tverifythelossstatusasaresultoftheInsured?sfailuretodischargetheobligationtoprovidedocumentsasprescribedintheprecedingparagraph,theInsurershallnotbeliableforthelossordamagethatcannotbeverified.

d)TheInsuredshallindemnifytheInsuredforthereasonableexpensesincurredbyhimforhavingimmediatelytakeneffectivemeasuresinminimizingandpreventingfurtherlossofthesubject-matterinsuredafterdamagewassustainedbuttheamountofsuchindemnityshallnotexceedsuminsured.

V.ClaimSettlement

Uponthereceiptoftheclaimandthecompletedclaimmaterialsfromtheinsured,theInsurershallassesstheclaimintime.Iftheclaimcannotbeassessedwithinthestatutoryperiodundercomplexcircumstances,thebothpartiesagreetoextendtheperiodbuttheextendedperiodshallnotexceed30days.Fortheclaimwhichfallswithintheinsurancecoverage,theInsurershalleffectpaymentwithin10daysafterreachinganagreementonpaymentofindemnitywiththeInsured.