INSURED GOODS:

For Imports and Exports:

Property owned by the Insured consisting of or in which the Insured has any insurable interest.

COVERED RISKS:

Loss or damage to the insured property during importation or exportation, caused by the risks listed below, according to the means of transportation used:

For Sea Transportation:

a) Unintentional fire and explosion;

b) Running aground, stranding, capsizing, or sinking of the means of transport;

c) Collision or contact of the means of transport with any external object other than water;

d) Disembarkation of the cargo at a port of forced arrival;

e) Sacrifice in General Average or contribution of the Insured in General Average and Salvage Expenses, adjusted or determined, in accordance with the contract of carriage and/or with the applicable law and practices, incurred to avoid, or in connection with, acts to eliminate losses arising from any cause, except for those excluded in Clauses Three – Excluded perils and Four – Non-covered perils, or in any other of this insurance.

f) Jetsam;

g) Participation of the Insured in that proportion of liability that corresponds to him, by virtue of the clause “Both Parties at Fault Collision” of the contract of carriage, with respect to a recoverable loss.

For Land Transportation:

(a) Unintentional fire and explosion;

b) Collision, self-ignition, overturning, or derailment of the conveyance, including collapse or collapse of bridges;

For Air Transportation:

(a) Unintentional fire and explosion;

b) Crash, collision, or fall of the means of transportation;

SPECIAL CONDITIONS:

1. Under no circumstances shall this insurance extend to cover those shipments from or to Cuba, Iran, Iraq, Afghanistan, Serbia, North Korea, Burma and Myanmar, The Balkans, Liberia, Libya, Sudan, Syria, Zimbabwe, and other countries that do not have commercial relations with the United States of America and/or the United Nations and/or on which the Office of Foreign Assets Control of the United States Department of the Treasury has economic sanctions in force.
2. In no way shall it cover losses, damages, or expenses caused by or attributable to shortages, shortages, or restrictions of labor of any kind, resulting in any way from strikes, lockouts, labor disturbances, riots, or civil commotions.