Insurance Exclusions

1. In Both Insurance Plans the Insurance Provider shall in no case be liable for loss and/or damage caused by...

• Faulty design of the container or tank container
• Manufacturing or defects in materials in individual parts. Loss and/or damage caused thereby to other parts shall remain insured.
• The nature of the cargo of the container or tank container unless the loss and/or damage has been occasioned by an accident with the conveyance or by stranding; if this can be proven

2. In Both Insurance Plans, the Insurance Provider is not liable for...

• Ordinary wear & tear, scratching, chipping of paint, gradual warping, or ordinary use based on the standard of the repair agreed (for sections 1 and 2) and on the ITCO tank standard (for section 3)
• Any pre-existing damage, other than new impact damage
• All cleaning activities including but not limited to steam cleaning, chemical cleaning, contamination & damage due to cargo spillage as well as costs for cleaning certificates

3. In Both Insurance Plans, the Insurance Provider is not liable for loss and/or damage in cases of...

• In case of insolvency or fraud by one of the contracting parties.
• in case of indirect loss and/or damage of all kinds or losses from/for previous voyages.

4. In Both Insurance Plans, the Insurance Provider is not providing Insurance coverage in case of...

• War and warlike events on land as well as confiscation due to the war exclusion clause.
  • Therefore, all claims in Russia, Belarus, and Ukraine are suspended until further notice. The full list of exclusions is available here.