Notwithstanding the foregoing,
in respect of goods purchased by the Assured on Free On Board, Cost and
Freight or similar terms where risk passes to
the Assured after transit has commenced, it is agreed that cover hereunder attaches
hereunder as if the Contract of Sale was "from time of commencement of
loading at suppliers' premises", Underwriters
being subrogated to the Assured's rights of recourse against the suppliers or
other parties unless those rights have been waived by
the Assured in accordance with any Subrogation Waiver Clause contained herein.
In
no case shall this policy be deemed to be or contribute in double insurance.
GOODS PURCHASED ON FREE ON BOARD, COST AND FREIGHT OR SIMILAR TERMS (CARGO – NON STANDARD CLAUSES)
4/
5
Oleh
sudarno hardjo
Posts
