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Major Exclusion of
Forwarder Liability Insurance
Excluded Properties:
– Money, coins in any form
– Livestock, blood stock, living or creatures in any form
– Precious metals, precious or semi-precious stones
– Self-propelled vehicles in any form whilst it is moved
by its own power or on tow during the course of transit except it is transported as
non-mobilized cargo
– Property owned, hired by, leased, loaned to the Insured
Other Exclusions:
– Confiscation by Authority
– Defamation, libel & slander
– Financial risks
– Inventory shrinkage, unexplained loss
– Duty, tax, penalty, fines
– Loss of life or bodily injury unless otherwise insured (except for insured under third party liability)
– Guarantee
– Pollution and contamination
– Punitive or exemplary damage
– Reckless or dishonest conduct of the Insured
– Wrongful release of cargo (except for insured under Errors & Omissions)
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