ICICI Lombard General Insurance Company’s Transit Insurance Online

1. Loss damage or expense attributable to wilful misconduct of the Assured

2. Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject matter insured

3. Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject matter insured to withstand the ordinary incidents of the insured transit where such packing or preparation is carried out by the Assured or their employees or prior to the attachment of this insurance (for the purpose of these Clauses "packing" shall be deemed to include stowage in a container and "employees" shall not include independent contractors)

4. Loss damage or expense caused by inherent vice or nature of the subject­-matter insured

5. Loss damage or expense caused by delay, even though the delay be caused by a risk insured against (except expenses payable under Clause 2 above)

6. Loss damage or expense caused by insolvency or financial default of the owners, managers, charterers or operators of the vessel where, at the time of loading of the subject­-matter insured on board the vessel, the Assured are aware, or in the ordinary course of business should be aware, that such insolvency or financial default could prevent the normal prosecution of the voyage. This exclusion shall not apply where the contract of insurance has been assigned to the party claiming hereunder who has bought or agreed to buy the subject­matter insured in good faith under a binding contract