This
insurance commences from the attachment of the Insured’s interest in the goods but
unless otherwise specifically agreed herein, not prior to the time the goods
are set in motion in the Insured’s and/or consignors’ premises, storage
depots and/or warehouses for the commencement of transit and continues during packing, repacking, storage,
consolidation, deconsolidation, containerization and the preparation for
distribution and redistribution and at transhipping points, subject
always to the provisions of the Institute Clauses incorporated herein by
reference, until the goods are finally delivered:-
(i)
to
the Insured’s and/or sub-contractor’s and/or consignee’s premises, storage
depots and/or
warehouses;
or
(ii)
to
such other place as may be designated in the Insured’s sales contract;
or
(iii)
free
onto the carrying vessel and/or aircraft at the port of place of lading in
respect of sales by the Insured on F.O.B. and/or C.F.R terms, cover to cease
once goods are safely loaded into ship’s/aircraft’s hold.
Including all loading and unloading risks.
Notwithstanding
the foregoing, in respect of goods purchased by the Insured on F.O.B., F.A.S.,
C.F.R. or similar terms where risk passes to the Insured after transit has
commenced, it is agreed that cover hereunder attaches in accordance with the
commencement of transit clause as detailed above, Insurer being subrogated to
the Insured’s rights of recourse against the suppliers and/or their Insurers.
Including
inland transits and/or sendings to F.O.B. vessel and/or aircraft as applicable.
ATTACHMENT / TERMINATION OF TRANSIT CLAUSE (MARINE-NON STANDARD)
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Oleh
sudarno hardjo
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