3. Subject to the provisions of Clause 2, if the goods are returned to the point of origin of the shipment or transshipped to a substituted destination, and the sum realized or which could be realized there, by the sale of the goods, exceeds the sum insured hereunder, the Underwriter’s liability hereunder for additional expenses in respect of transport and duty shall be limited to the amount by which the said additional expenses incurred exceed the difference between the sum realized or which could be realized by the sale of the goods and the sum insured hereunder.
4. This insurance does not cover any expenses
4.1 incurred as a result of physical damage to vessel or cargo,
4.1.1 which may be recoverable under Marine or War Risks insurances on the goods, or
4.1.2 which may not be recoverable under such insurances by a reason of insufficiency of the sum insured thereunder,
4.2 incurred subsequent to and in consequence of prohibition by the Government of the United Kingdom or of any of its Allies whereby the Assured is prevented from removing the goods from the port or place or country of discharge.
5. Warranted that the goods are covered by insurance against War Risks and against Marine Risks to an extent not less than the cover provided by the Institute Cargo Clauses (C)
6 .Risk to commence at times of sailing and it is warranted that when the vessel sails the contract of carriage provides for discharge of the goods at the destination named in this insurance.
7 Where the vessel has the option under the contract of carriage to discharge the goods at any specified port or ports, or any port or ports in a specified range, no liability shall arise hereunder by reason of discharge at any such port or ports.
8. Underwriters shall not be liable for
8.1 warehousing charges after a period of six months,
8.2 any expenses incurred more than twelve months after the goods were discharged unless the goods were in course of being forwarded, returned or transshipped to a substituted destination, before the expiry of the said twelve months.
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