OPEN INSURANCE POLICYNo.: 15/LDO/NV2/1100/0001The Insurer: PETROLIMEX INSURANCE COMPANIES OF LAM DONGAddress: A16 Tran Le Street,Ward 4, Da lat City, Lam Dong Province, Vietnam.The Insured: AGRIVINA LTD.Address: 450 Nguyen Tu Luc Street, Ward 8, Da Lat City, Lam Dong Province, Vietnam. , Period: From 16/02/2015 to writing cancellation by the Insurer and/or the InsuredDescription of goods: Material and equipment for Agriculture.Packing: Carton Pieces, Container, Plastic Can and Bags of different sizes and types-------------------------------------------------------------------------------------------------------------------------------------------------Class: MARINE CARGO INSURANCELimit: EUR 30,000 per conveyance per vesselEstimated total Sum insured: EUR 1,500,000 per annumVoyage: From mainly ports from to HCMC Port, Vietnam then inland transit by truck to the insured’s warehouse in the factory . Valuation: 100% FOBConditions: Warehouse to warehouse including loading and unloading Institute Cargo Clauses (A) 1.1.1982Institute War Clauses (Cargo) 1.1.1982Institute Strike Clauses (Cargo) 1.1.1982Extent Clauses :• 30 days notice of cancellation by Insurer or insured• Container clause• Continuation clause• TPND clauseExclusion Clauses: Apply the following exclusion clauses for all shipment, items• Cargo ISM endorsement (JC98/019 – 1.5.98)• Cargo ISPS endorsement (JC 2004/050 – 04.11.04)• Institute Radioactive contamination, chemical, biological, bio-chemical and electromagnetic weapons exclusion clause (CL370 – 10.11.03)• Institute Cyber attack exclusion clause (CL380 – 10.11.03)• Joint Excess loss committee terrorism exclusion clause (16.11.01)• Nuclear energy risks exclusion clause (marine) (1.1.89)• Sanction limitation & exclusion clause (JC2010/014 – 11.8.2010)Declaration terms: At least 01 working day prior to shipment for Marine Cargo insurance and automatically cover for inland transit within Vietnam. In case the notice is made after ship/vessel leave the declared port, the Insurer is only liable for loss or damage to cargo arising from the date of issuance.Premium Payment: Within the first 15days of the month, the both parties will compare and make payment for all premiums arising on the basis of the insurance application, amendment of the complete shipment (with full information) issued in the previous month.Premium Rate: 0.11% (excluding Institute War & Strike Clause 1.1.1982)------------------------------------------------------------------------------------------------------------------------------------Date ……………… PETROLIMEX INSURANCE COMPANIES OF LAM DONG AGRIVINA LTD.
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