ADDITIONAL INSURANCES / PART II / Section A - Deviation and other exceptions to coverage in respect of Cargo (ad hoc) / Clause 4

RARE AND VALUABLE CARGO

This insurance is to indemnify the Assured in respect of liabilities, losses, costs and expenses as would be covered by the Association under Rule 19.17 Cargo¹ but where, in the opinion of the Association, the Assured has prejudiced or may have prejudiced such coverage from the Association by virtue of the operation of Rule 19.17.8.5:

4.1

specie, bullion, precious or rare metals or stones, plate, jewellery or other objects of a rare or precious nature, bank notes or other forms of currency, bonds or other negotiable instruments, where the contract of carriage and the spaces, apparatus and means used for the carriage and the instructions given for the safe custody thereof, have not been approved by the Managers prior to any such carriage and/or any directions made by the Managers have not been complied with.

4.2

{Enter details of the elements of the contract of carriage and/or the cargo stowage arrangements which (potentially) prejudice such coverage from the Association}.

¹ For the purposes of this Clause, where the Assured is insured under the Association’s Charterers’ Liability Insurance the reference to Rule 19.17 shall include reference to Charterers’ Liability Insurance Clause 17 Cargo; and the reference to Rule 19.17.8.5 shall include reference to Clause 17.8.5 Rare and valuable cargo.