(a)
The
freight payable at port of destination,
unless guaranteed or payable ‘vessel lost or not lost’
(b)
The
duties &/or taxes imposed on goods
insured hereunder.
(c)
The
Insured’s liability for the payment of duty, following loss of or damage to the
Interest insured recoverable hereunder to the Authority of any country through
which the interest may pass prior to coming within the jurisdiction of the
country of destination.
It
is further understood and agreed, however, that when the risk upon the goods
continues beyond the tie of lading from the overseas vessel, the increased
value consequent upon the payment of such freight &/or duties &/or
taxes, shall attach as an additional insurance upon the goods from the time
such freight &/or duties &/or taxes is paid or becomes due to the
extent of the amounts thereof actually paid or payable.
Any
limit of liability for duty expressed in this policy shall be applied
separately to such increased value.
The
Insured warrants that on all shipments insured hereunder a separate amount
shall be reported sufficient to cover the said freight &/or duties &/or
taxes, upon which the rate of premium shall be an agreed percentage of the
merchandise rate.
The
Insured will, in all cases, use reasonable efforts to obtain abatement or
refund of duties &/or taxes paid or claimed in respect of goods lost,
damaged or destroyed. It is further agreed that the Insured shall, when Insurer
so elect, surrender the merchandise to the customs authorities and recover
duties &/or taxes thereon as provided by law, in which event the claim
under this policy shall be only for total loss of the merchandise so
surrendered and expenses.
DUTY / TAXES CLAUSE (CARGO – NON STANDARD CLAUSES)
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