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5-2 承保範圍及不保事項 - ACE Group

5-2 承保範圍及不保事項 - ACE Group

5-2 承保範圍及不保事項 - ACE Group

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3. The Counterparty being relieved from his obligation to pay or provide Hire in whole or inpart, whether by reason of any off-hire provision in the Charter Party, frustration of theCharter Party, breach of the Charter Party by the Insured or otherwise.4. The failure of the Insured to fulfil any of the terms and conditions of the Charter Party witha Counterparty.5. Insolvency or financial default of:(a) any party except the Counterparty; or(b) any company and/or other entity in which the Insured has an ownership interestand/or a director or partner in common.6. Any contract with a publicly-owned entity of the country of the Insured, being the centralgovernment or one of its ministries, departments or agencies and/or a regional or localauthority and/or a nationalised undertaking.7. Any liabilities arising from a Charter Party with any Counterparty that, as at inception of thePolicy,(a) is Insolvent, or,unless otherwise agreed to in writing by the Company,(b) is more than sixty (60) days overdue in any payment obligation to the Insured, or(c) for whom the Insured has rescheduled or extended the Due Date of any paymentobligation prior to inception of the Policy, or(d) the Insured is aware to be in financial difficulties prior to inception of the Policy.Payment obligations that are disputed by the Counterparty in writing will not beconsidered overdue for the purpose of this clause.8. Any Loss arising in any country not specified in the Policy Schedule or in an endorsement.9. Any debts that are purchased or otherwise acquired by the Insured from any entity unlessagreed in writing by the Company and evidenced by an endorsement.10. Any Loss insured elsewhere.11. Any post-maturity, penalty or other interest accrued on balances unpaid after the originalDue Date.12. Nuclear reaction or nuclear radiation or radioactive contamination.13. War between the People's Republic of China, France, the United Kingdom, the RussianFederation and/or the United States of America.14. Any Loss due to Rider 39 of the Charter Party.15. Any Loss due to Rider 56 of the Charter Party, such list of countries to include any countrysubject to international sanctions imposed by either the United States of America, theEuropean Union and/or the United Nations.Time Charter (Excluding Bareboat & Demise Chartering) Insolvency & DefaultInsurance (Losses Occurring)Time Charter EndorsementFollowing the execution of [insert additional contract name] to Charter Party Dated [insert385

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