Standard Exclusions:
- Willful misconduct
- Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject matter    insured
- Loss or damage attributable to unsuitable packing
- Loss, damage or expense caused due to inherent vice or nature of the subject matter insured - Decay
- Loss, damage or expense arising due to Insolvency or financial default of the owners, managers,   charters or operators of the conveyance
- Nuclear, biological and chemical attack
- War, invasion, martial law, strike, riot or civil commotion or terrorism

The cover under the Policy commences with the loading of the subject matter into the carrying conveyance (truck or carriage) and, ceases immediately on the unloading of each package at destination or 24-hours after arrival of the truck at the final destination whichever occurs first; or 48-hours after the arrival of the train at final destination or on delivery by the Railway Authorities whichever occurs first.