©Copyrights 2014 by Grand Trust Underwriters. All rights reserved 

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)