The Insurers will indemnify the Insured in respect of all sums which the Insured shall become legally liable to pay as compensatory damages in respect of los of or damage to cargo (including whilst slung)caused by an Accident during the eriod of Insurance whilst in the care, custody or control of the Insured, for the purpose of carriage by air.
Provided always that
1. Before accepting any cargo for the purpose of carriage by air the Insured shall take such measures (including but not limited to the issue or acceptance of an air waybill) as are necessary to exclude or limit liability for claims n respect of the accidental physical loss of or damage to that cargo to the extent permitted by law. In no event shall the amount of the indemnity provided by Insurers under this Endorsement exceed the amount of the legal liability, if any, that would have existed had the Insured taken such measures.
2. The Insured shall ensure that cargo in their care, custody or control is kept in secure premises at all times other than during transit.
Coverage provided by this Endorsement attaches from the time of acceptance of such cargo by the Insured and ceases upon delivery by the Insured at the final destination or when handed over to a successive carrier.
EXCLUSIONS applicable to this endorsement
The coverage provided hereon shall not extend to cover claims for:-
1. delay or loss of market;
2. inherent vice or defect (whether latent or apparent).
3. consequential loss howsoever arising.
4. Livestock or perishable goods.
5. money, securities, precious stones, precious metals, jewellery, fine art and antiques of any kind.
LIMIT OF INDEMNITY
DEDUCTIBLE