CERTIFICATE OF INSURANCE
Marine Cargo Export Import Policy
Certificate No. CERT/2002/340533598/01/000/3
ICICI Lombard Marine Cargo Policy No. 2002/340533598/01/000 dated Apr 01, 2025 has been issued at MUMBAI by ICICI Lombard General Insurance Company
Limited to the insured, NIEHOFF OF INDIA PRIVATE LIMITED, PLOT NOS 186 TO 194, PHASE - III INDUSTRIAL ESTATE, PASHAMYLARAM
PATANCHERU MANDAL SANGAREDDY DISTRICT TELANGANA STATE, INDIA TELANGANA MEDAK PIN - 502307 . INDIA TELANGANA
MEDAK PIN - 502307 and governed by the subject to the terms, conditions and exclusions therein contained or otherwise expressed in the said policy, but not
exceeding the sum insured as specified in Part I of the schedule to the said policy.
This confirmation numbered 2002/340533598/01/000/3, bearing a system-generated/facsimile signature of an authorised official of the company, is valid subject to
the insured, or an authorized signatory on behalf of the insured, having signed this confirmation, at the place as indicated below, and represents the availability of
benefit to the insured subject to the terms, conditions and exclusions contained or otherwise expressed in the said policy, but not exceeding the sum insured as
specified in Part I of the schedule to the said policy.
Risk Commencement Date Jun 27, 2025 Policy Start Date Apr 01, 2025 00:00
Policy Transit Details From: INDIA,TELANGANA,Hyderabad Policy End Date Mar 31, 2026 11:59
To: SAUDI ARABIA,JEDDAH,Jeddah
To the Order of /Importer's Name NIEHOFF OF INDIA PRIVATE From INDIA,TELANGANA,Hyder
LIMITED, PLOT NO 186 TO 194, abad
INDUSTRIAL PARK, PHASE III,
PASHAMYLARAM, PATAINCHAERU,
SANGAREDDY DISTRICT -502307,
TELANGANA INDIA
Subject Matter Insured /Packing Details ALUMINUM WIRE DRAWING To SAUDI
MACHINE -1 SET ARABIA,JEDDAH,Jeddah
Marks & No. CMAU4975909 TCNU2659219 Via MUMBAI
BEAU4045130 SEGU4087029
CMAU2257306
Basis of Valuation Invoice Value+10% Place Of Loading INDIA
Vessel /Flight Details CMA CGM MOZART Port Of Loading NHAVA SHEWA INDIA
Weight of Goods 64470KGS Port Of Discharge JEDDAH SEAPORT
No. of Packages 39 Mode Of Transit Sea,Rail,Road
Voyage No./Shipping Bill No. 0MXN9W1MA Settlement Agent Country SAUDI ARABIA
L/C No RLC6901740 DATED 11.06.2025 Settlement Agent Town RIYADH
Invoice No. and Date EX-34 Jun 27, 2025
BL/AWB/RR/LR No. AMC2410825 Cargo SI Declared Value (EURO) 9,62,500.00 (`
9,07,06,000.00)
BL/AWB/RR/LR Date Jul 05, 2025 Balance Cargo Sum Insured (EURO) 5,46,54,234.32 (`
5,15,06,15,042.60)
Consignee Name and Address FACTORY OF RED SEA CABLES Marine Premium (EURO) 411.47 (` 38,776.82)
COMPANY, PETROLINE STREET,
YANBU-51888, LIP(LIGHT INDUSTRIAL
PARK PHASE -II, ROYAL
COMMISSION-YANBU, P.O.BOX 1075.,
VAT NO : 300046852100003,
Financial Interest War & SRCC Premium (EURO) 21.65 (` 2,040.88)
Stamp Duty (EURO) 0.00 (` 0.50)
Total Premium excluding tax* 433.12 (` 40,817.70)
*Please refer relevant invoices issued
under the policy/Endorsement for taxation
purpose.
GSTIN Reg No. HSN/SAC Code yes
27AAACI7904G1ZN 9971 / GENERAL INSURANCE SERVICES
Clauses: 27
15) Declarations as per agreed format to be submitted before 7th of subsequent
quarter. Insured to declare total gross sales (including ex-works sales) + 10%
mark up without any exception. In view of statutory provisions for premium
payment, adequacy of premium at all times will have to be ensured by the
Assured. The company (i.e. insurer) reserves the right to inspect the books of
accounts of the insured including the audited balance sheet. Premium upto INR 1
1) Important Notice Clause lacs plus GST to be treated as Non-Refundable Deposit with the insurance
company. PREMIUM ADJUSTMENT CONDITION - It is agreed that should the
utilised premiums under the Policy be less than 60 percent of the premiums paid,
Policy shall subject to a minimum retention of 60 percent and the Insured shall
have the option to get a refund of the balance 40 percent or get this 40 percent
rolled over to the renewal policy. Refund / request for transfer of balance, if any,
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CERTIFICATE OF INSURANCE
Marine Cargo Export Import Policy
under the policy will be allowed only if the request along with declaration of last
month/quarter is received within two months from the expiry of the policy.
Downward Premium Adjustment - maximum 40 percent of premium before tax.
16) Warranted that the vessel used is in conformity with Institute classification
Clause. Warranted that for Bulk consignment Cargoes and/or interests carried by
Qualifying Vessels which exceed the following age limits will be insured on the
policy or open cover conditions subject to an additional premium to be agreed as
2) Institute Chemical Biological Bio chemical Electromagnetic Weapons and
under. Up to 20 years: No Additional Premium, 20-25 years: Minimum of 0.01%,
Cyber attack Exclusion Clause 01Nov2002. Institute Radio Active Contamination
25-30 years: Minimum of 0.02%, More Than 30 Years: Terms to be agreed by
Exclusion Clause 01Nov2002.
the underwriterAll additional rates to apply in full shipment value. Rates of above
apply over and above the base rate / cargo rate *The rates mentioned above is net
to ILGIC, and brokerage/direct cost of accusation would be loaded on the above
rate.
3) Joint Excess Loss Cyber Losses clause (JX2020-007). JELC Electronic Date
17) Cargo ISM Endorsement - 01/05/1998
Recognition Endorsement - C (XLEDRC).
4) Limit per location PLL Notwithstanding anything to contrary contained in this
contract Companys liability in respect of any one accident or series of accidents
arising from the same event in any one location shall not exceed the amount as
specified in the schedule of the policy This donates accumulation of all shipments
at any one place at any one time eg Intermediate storage carriers or other 18) Institute Cargo Clauses (Air Cargo) - 01/01/2009
godowns at the port awaiting shipment and similar places If such accumulations
do take place exceeding the location limit unless prior notice is given to the
company suitable amendments have been made in the policy condition of
average will be applicable at time of claim
5) Limit per Sending PSL Notwithstanding anything to contrary contained in this
contract the limit of the insurer liability in respect of any one accident or series of
accidents arising from the same event shall not exceed the amount as specified
in the schedule of the policy Shipment values exceeding this limit unless prior 19) Institute Cargo Clauses (Air Cargo - excluding sending by Post) - 01/01/2009
notice is given to the company suitable amendments have been made in the
policy insured will be self insurer and for partial losses condition of average will
be applicable at time of claim
6) Cargo Termination of Storage in Transit Clause Amended Version (2020).
Cargo Termination of transit Clause ( Terrorism) - Clause Amended Version 20) Institute Strike Cancellation Clause (Air Cargo) 01/01/2009
(2020) .
7) COMMUNICABLE DISEASE EXCLUSION (Cargo): 1. Notwithstanding any
provision to the contrary within this insurance, this insurance does not insure any
loss, damage, liability, claim, cost or expense of whatsoever nature caused by,
contributed to by, resulting from, arising out of, or in connection with a
Communicable Disease or the fear or threat (whether actual or perceived) of a
Communicable Disease regardless of any other cause or event contributing
concurrently or in any other sequence thereto.2. As used herein, a
Communicable Disease means any disease which can be transmitted by means
21) Institute War Clauses (Air Cargo) 01/01/2009
of any substance or agent from any organism to another organism where:1.1 the
substance or agent includes, but is not limited to, a virus, bacterium, parasite or
other organism or any variation thereof, whether deemed living or not, and 1.2 the
method of transmission, whether direct or indirect, includes but is not limited to,
airborne transmission, bodily fluid transmission, transmission from or to any
surface or object, solid, liquid or gas or between organisms, and 1.3 the disease,
substance or agent can cause or threaten bodily injury, illness, damage to human
health, human welfare or property. JC2020-011 17 April 2020
8) Sanction Limitation and Exclusion clause LMA 3100. Russia, Ukraine and
Belarus Exclusion - War, strikes, riots, civil commotions and malicious damage
under the terms and conditions of the relevant Institute Clauses or local market
equivalent is included. However, this contract excludes war losses according to
the Joint War Risk Committee listed areas as defined below: 1. Sea of Azov and
Black Sea waters enclosed by the following boundaries a) On the west, around
Romanian waters, from the Ukraine-Romania border at 45D 10.858N, 29D
45.929E to high seas point 45D 11.235N, 29D 51.140E b) thence to high seas 22) Institute War Cancellation Clause (Air Cargo) 01/01/2009
point 45D 11.474N, 29D 59.563E and on to high seas point 45D 5.354N, 30D
2.408E c) thence to high seas point 44D 46.625N, 30D 58.722E and on to high
seas point 44D 44.244N, 31 D 10.497E d) thence to high seas point 44D 2.877N,
31D 24.602E and on to high seas point 43D 27.091N, 31D 19.954E e) and then
east to the Russia-Georgia border at 43D 23.126N, 40D 0.599E 2) All inland
waters of Ukraine 3) Inland waters of Russia within the following areas - a)
Crimean Peninsula b) River Don, from Sea of Azov to vertical line at 41E. c)
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CERTIFICATE OF INSURANCE
Marine Cargo Export Import Policy
River Donets, from River Don to Ukraine border 4). All inland waters of Belarus
south of horizontal line at 52.30. Excluded are also any other areas which are
subsequently listed by the Joint War Committee due to an expansion of the
Russia-Ukraine armed conflict to other territories. The exclusion for such newly
listed territories applies latest 7 days after the date of publication of a new listing
by the Joint War committee. In case of a cancellation of war insurance becoming
effective earlier, the effective date of the cancellation will be relevant for the
exclusion to apply to the newly listed territories. Excluded are also confiscation,
expropriation, nationalization, deprivation or restraining in movement of vessels
and cargo in the territory of the aforementioned countries.
9) (a) War / Strike Riots Commotion Clause. (b) WAR / SRCC Cancellation
Clause. (c) Notwithstanding anything to the contrary as mentioned elsewhere in
the policy, War and SRCC risks, indemnifiable under the provisos of Institute
War Clauses and Institute Strike Clauses, for shipments from and/or destined to
UAE, Bahrain, Iraq, Kuwait, Oman, Qatar and Saudi Arabia are not covered under
the scope of the policy. The Reinstatement of Institute War Clauses (Cargo) and
Institute Strikes Clauses (Cargo) shall be subject to an additional premium @
0.025% on the shipment value, to be paid/remitted to the ICICI Lombard prior to
the commencement of the transit, failing which insurers shall be absolved of all
liabilities. (d) Notwithstanding anything to the contrary as mentioned elsewhere in
the policy, all Specified Territory Exposures whether direct or indirect, are
excluded under the policy. The term - Specified Territory Exposure includes but 23) Institute Strike Clauses (Air Cargo) 01/01/2009
is not limited to any activity, transaction, legal proceedings, operation, entity,
subsidiary, headquarters, branch, products, goods, property, assets, services in a
Specified Territory or, as applicable, delivered to, located in, originating in,
transitioning from, to or through a Specified Territory, as well as any person
ordinarily resident in a Specified Territory, the government of a Specified
Territory as well as any entity owned or controlled by an entity in a Specified
Territory including, without limitation, affiliates outside of a Specified Territory.
Specified Territory means The Republic of Belarus, Ukraine, and /or The
Russian Federation. (e) Notwithstanding anything to the contrary as mentioned
elsewhere in the policy, all transits from / to or through Israel, Egypt or Lebanon,
whether direct or indirect, are excluded under the policy.
10) Non standard settlement upto 75% of assessed loss if recovery rights are not
24) Institute Cargo Clause (A) 01/01/2009
available
11) New brand cargo which is transiting for the first time post manufacturing will
be covered on ICC/ITC -A with BoV Invoice plus 10 percent as per policy terms
25) Inland Transit (Rail/Road/Air) Clause - A (All Risk) 2010
while Used/ rejected/ refurbished/ sent for repairs/ returned cargo covered on
ITC B/ ICC B basis and on Depreciated Value.
12) Warranted shortage out of sound packing / sealed containers is not covered
under the policy. Warranted that unexplained shortages are not covered under the 26) Institute War Clauses (Cargo) 01/01/2009
policy
13) Subjected to INCO terms of delivery / purcahses of the insured only.
Warranted that this policy has been released considering the confirmations of
claims experience shared for the last three years. This policy is valid subject to 27) Institute War Cancellation Clause (Cargo) 01/01/2009
the same being true and there being no further deterioration of claims experience
till the new policy inception.
14) Interunit Transfers - Capital goods and containers - NOT Covered under the
policy.
1.) It is warranted that if the weight of the cargo exceeds than Registration Laden weight Licensed Carrying Capacity of the vehicle as 17
Warranties mentioned in the Registration Certificate of the vehicle then any loss or damage arising out of such transit is not covered under the above
mentioned policy
2.) Warranted that goods are transported in closed wagons and or trucks to be covered with tarpaulin or any other water proof material
to avoid ingress of water
3.) Warranted any transit from, to or through Afghanistan, Iran, Sudan, Syria, Myanmar, Cuba, Iraq, Libya, North Korea, Somalia,
Chechnya, Bosnia and any of the European Union and/or United States and/or United Nations and/or United Kingdom sanctioned
countries are not covered under the policy
4.) Warranted that the vessel used is in conformity with Institute classification Clause. Warranted that for Bulk consignment Cargoes
and/or interests carried by Qualifying Vessels which exceed the following age limits will be insured on the policy or open cover
conditions subject to an additional premium to be agreed as under. Up to 20 years: No Additional Premium 20 25 years: Minimum of
0.01% 25 30 years: Minimum of 0.02%More Than 30 Years: Terms to be agreed by the underwriterAll additional rates to apply in full
shipment value. Rates of above apply over and above the base rate / cargo rate*The rates mentioned above is net to ILGIC, and
brokerage/direct cost of accusation would be loaded on the above rate.
5.) Institute Replacement clause In the event of loss or damage to any part or parts of an insured machine caused by a peril covered by
the Policy the sum recoverable shall not exceed the cost of replacement or repair of such part or parts plus charges for forwarding and
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CERTIFICATE OF INSURANCE
Marine Cargo Export Import Policy
refitting if incurred but excluding duty unless the full duty is included in the amount insured in which case loss if any sustained by
payment of additional duty shall also be recoverable
6.) Second hand Replacement clause In the event of loss or damage to any part or parts of an insured machine caused by a peril covered
by the policy, the Company shall be liable only for the cost of repairing or replacing such part or parts, subject to the condition that
settlement of the claim will be made in the same proportion which the insured value of the machine bears to the current market value of a
similar machine. The consignment covered hereunder is insured for the market value on as is where is condition Used Machinery and
Spares shall be valued at the depreciated market value of the machines as on the date of loss/Accident.
7.) Pair and set clause: Where any item insured under this policy consists of articles in a pair or set, the Companys liability shall not
exceed the value of any particular part or parts which may be lost or damaged without reference to any special value which such articles
may have as part of such pair or set and in any event not more than a proportionate part of the insured value of the pair or set
8.) Notwithstanding anything mentioned to the contrary elsewhere, Warranted that denting, chipping, scratching, cracking, bending,
twisting, rusting, oxidation, discoloration, dislocation, paint and/or polish damages is covered only if caused due to ITC B/ICC B perils.
9.) It is hereby agreed that the declaration under the Policy would be based upon the Sales Turnover, as agreed to be covered under the
Policy. Premium will be adjusted at the end of the year on the basis of aggregate value of sales figure as per the Insured records.
10.) On the basis of information received from insured it is considered that Claims paid, outstanding and closed Or Losses experienced
as on date of issuance of this quote are Nil for last 3 years. If any variation is found in this data, the policy will stand void ab-initio & no
claims will be payable.
11.) ODC(Over Dimensional Cargo): It is condition of the policy that any cargo defined as OVER -DIMENSIONAL
CARGO/OVER-WEIGHT CARGO/CRITICAL CARGO will be covered subject to satisfactory Pre-Dispatch- Inspection and LOADING/
STOWAGE/ LASHING/ ROUTE supervision carried out by surveyors appointed by ICICI Lombard General Insurance Company Ltd.
and the survey cost is on the account of the insured. The intimation for the survey needs to be given 10 working days in advance. ODC:
Over Dimensional Cargo definition: Any items (including its packaging) with dimensions in excess of 12 m length and/or 2.5 m wide
and/or 2.5 m high .OWC- Over Weight Cargo (Heavy Lift): Any item including packing with a weight greater than 30 MT.
12.) Warranted that carrying conveyance to be fit and suitable for the intended cargo and the intended journey.
13.) Cutting Clause- Warranted that the damaged portion should be cut off and the balance utilized.
14.) For imported shipments purchased on CIF basis, where the risk is originating from any Indian port, the coverage will be as per ITC
(B)
15.) Excluding all electrical, mechanical, electronic, electro-mechanical and internal derangement losses unless the loss is proximately
caused due to ICC B/ITC B Perils
16.) Courier warranties : Warranted that no claim will be admitted for loss of contents from packages delivered with seals intact. No
claim for loss /damage will be admitted if proved to be due to incorrect/ ambiguous insufficient address on the package or having been
unaccepted by the addressee. Full value to be declared to the carrier.
17.) Warranted that losses during Intentional Storage are excluded from the scope of cover under the policy
Policy Remarks 0.5 % Of Consignment Value Subject to minimum INR 11723
` 1.)Five Powers War Exclusion (amended to include triggering of NATO Agreement) This insurance excludes loss damage liability or
expense arising from the outbreak of war (whether there be a declaration of war or not) between any of the following countries: United
Kingdom, United States of America, France, Russian Federation and the Peoples Republic of China. F
` 2.)Notwithstanding anything mentioned to the contrary elsewhere, the coverage will be as per INCO Term/ Term of Sale only.00
` 3.)Warranted that for exports to African countries, coverage will cease once cargo reach first discharge port (Air Port or Sea Port) in
African Continent i.e0
` 4.)Notwithstanding anything to the contrary as mentioned elsewhere in the policy, War and SRCC risks, indemnifiable under the
provisos of Institute War Clauses and Institute Strike Clauses, for shipments from and/or destined to UAE, Bahrain, Iraq, Kuwait, Oman,
Qatar and Saudi Arabia are not covered under the policy.
` 5.)Notwithstanding anything to the contrary as mentioned elsewhere in the policy, War and SRCC risks, indemnifiable under the
provisos of Institute War Clauses and Institute Strike Clauses, for all transits to, from and within Ukraine, Ukraine territorial waters,
Russian Black Sea territorial waters, Sea of Azov, Russian Black Sea ports, Sea of Azov ports and Russian territories within 200kms of
the Ukrainian border are not covered under the scope of the policySpecified Territory Exclusion Clause :Notwithstanding anything to the
contrary herein, all specified Territory Exposures whether direct or indirect, are excluded. T
` 6.)Notwithstanding anything to the contrary as mentioned elsewhere in the policy, all transits from / to or through Israel, Egypt or
Lebanon, whether direct or indirect, are excluded under the policy.
` 7.)Warranted that for imports from African countries, coverage will start once cargo reach final load port (Air Port or Sea Port) in
African Continent & any previous journey from consignee/sender premises to final African load port is not covered under this policy. F
Shipment Remarks
Warranted that in the event of the goods hereby insured arriving at destination in a damaged condition, the Consignee shall obtain a Carrier's Survey as per the
terms of the Bill of Lading and/ or other contract of affreightment and shall lodge an immediate claim against the carriers concerned. Loss or damage certificate to
be obtained from the Carriers and immediate notice in writing should be given to the ICICI Lombard General Insurance Company Limited.
In the event of loss or damage which may involve a claim under this insurance policy, immediate notice thereof and application for survey should be given to:
Survey Agent: W K Webster & Co Ltd.,Webster House,207 Longlands Road,SIDCUP,Kent DA15 7JH,United Kingdom,RIYADH,SAUDI
Survey & Claim ARABIA,+44 20 8300 7744 (24 hr),+44 20 8309 1266,info@wkwebster.com
Settlement: Claim Settling Agent: W K Webster & Co Ltd., Christopher House,Station Road,SIDCUP,Kent DA15 7BS,United Kingdom, +44 20 8300
7744 (24 hr), +44 20 8309 1266, [email protected]
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CERTIFICATE OF INSURANCE
Marine Cargo Export Import Policy
*Not to exceed balance sum insured under the policy Counter-Signed by the Authorised Signatory of the Insured
Date: Jul 07, 2025 4:16:22 PM Place: Mumbai
ICICI Lombard General Insurance Company Limited
ICICI Lombard House, 414, Veer Savarkar Marg,
Near Siddhi Vinayak Temple, Prabhadevi, Mumbai 400025
For ICICI LOMBARD GENERAL INSURANCE CO. LTD.
Grievance Clause: For resolution of any query or grievance, Insured may contact the respective branch office of the company or may call at 1800 2666 or may
write an e-mail at [email protected]. In case the insured is not satisfied with the response of the office, insured may contact the Grievance
Officer of the company at [email protected]. In the event of unsatisfactory response from the Grievance Officer, he/she may, subject to vested
jurisdiction, approach the Insurance Ombudsman for the redressed of grievance. Details of Insurance Ombudsman offices are available at IRDA website:
www.irdaindia.org, or on the website of General Insurance
Council: www.generalinsurancecouncil.org.in or on the company's website at www.icicilombard.com.
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