MARINE CARGO INSURANCE POLICY

Goods and Merchandises

Marks and Numbers as Invoice No. specified above --------------------------------------------------------------- Place and Date signed in No. of Policies issued

in case of loss or damage, please follow the "IMPORTANT" clause printed on the back here of. AUTHORIZED SIGNATORY << 1 Page 하단 표 내용 >>

1. Warranted free of capture, arrest restraint or detainment, and the consequences thereof or of any attempt thereat : also from the consequences of hostilities or warlike operations, whether there be a declaration lf war or not: but this warranty shall not exclude collision, contact with any fixed or floating object (other than a mine or torpedo), stranding, heavy weather or fire unless caused directly (and independently of the mature of the voyage or service which the vessel concerned or, in the case if a collision, any other vessel involved therein, is performing) by a hostile act by or against a belligerent power : and for the purpose of this warranty "power" includes any authority maintaining naval, military or air forces in association with a power.

2. Warranted free of loss or damage (a) caused by strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions (b) resulting from strikes, lick-outs, labour disturbances, riots or civil commotions. Further warranted free from the consequences of civil war, revolution, rebellion, insurrection, or civil strife arising there from or piracy.

3. (a) Should the risks excluded by Clause (F.C.&S. Clause) be reinstated in this Policy by deletion of the said Clause, or should the risks or any of them mentioned in that clause or the risks lf meas, torpedoes, bombs or other engines of war be insured under this Policy. Clause (b) below shall become operative and anything contained in this contract which is inconsistent with Clause (b) or which affords more extensive by the Institute War Clauses relevant to the particular form of transit covered by this insurance is null and void. (b) This Policy is warranted free of any claim based upon loss of, or frustration of, the insured voyage or adventure caused by arrests restraints or detainments of Kings Princes

☞ In the event of loss or damage arising under this Policy, no claims will be admitted unless a survey has been held with the approval of this Company's Office or Agents specified in this Policy.

The descriptions to be inserted in the following clauses are shown as above. Be it known that as well in his or their own Name, as for and in the Name and Names of all and every other Person or Persons to whom the same doth, may, or shall appertain, in part or in all, doth make Assurance, and cause himself or themselves and them and every of them, to be Assured, lost or not lost, at and from upon any kind of Goods and Merchandises, in the good Ship or Vessel called the where of is Master, for this present Voyage, or whosoever else shall go for Master in the said Ship, or by whatsoever other Name or Names the said Ship, or the Master thereof, is or shall be named or called, beginning the Adventure upon the said Gllds and Merchandises from the loading thereof aboard the said Ship as above, and shall so continue and endure during her abode there, upon the said Ship, &c, in this Voyage to proceed and sail to and touch and stay at any Ports or Places whatsoever without Prejudice to this Assurance. The said Goods and Merchandises, &c, for so much as cancers the Assured by Agreement between the Assured and Assurers in this Policy, are and shall be valued at TOUCHING the Adventures and Perils which the said Company are contented to bear and do take upon themselves in this Voyage, they are, of the Seas, Men-of-War, Fire, Enemies, Pirates, Rovers, Thieves, Jettisons, Letters of Mart and Counteract, Surprisals, Takings at Sea, Arrests, Restraints and Detainments of all Kings, Princes and People, of what Nation, Condition, or Quality soever, Barratry of the Master and Mariners, and of all other Perils, Losses and Misfortunes that have or shall come to the Hurt, Detriment or Damage of the said Goods and Merchandises, or any Part thereof : and in case of any Loss or Misfortune, it shall be lawful to the Assured, his or their Factors, Servants and Assigns, to sue, labour and travel for. in and about the Defence, Safeguard and Recovery of the said Goods and Merchandises, or any part thereof, without Prejudice to this Assurance : to the Charges whereof the said Company will contribute. And it is especially declared and agreed that no acts of the it is agreed that this writing or Policy of Assurance shall be of as much Force and Effect as the surest. Writing or Policy of Assurance made in London. And so the said Company are contented, and do hereby promise and bind themselves to the Assured, his or their Executors, Administration, or Assigns, for the true Performance of the Premises : confessing themselves paid the Consideration due unto them for this Assurance, at and after the rate of as arranged Per Cent.

N.B. - Corn, Fish, Salt, Fruit, Flour and Seed are warranted free from Average, unless general, or the Ship be stranded : Sugar, Tobacco, Nemp, Flax, Hides and Skins are warranted free from Average, under Five Pounds per cent. : and all other Goods, also the Ship and Freight, are warranted free from Average, under Three Pounds per cent. unless general, or the Ship be stranded, sunk or burnt.

All questions of liability arising under this policy are to be governed by the laws and customs of England.

IN WITNESS whereof, I the Undersigned of Korea Non-life Insurance Association on behalf of the Companies whose name are set out veerleaf have subscribed my Name in to Polleien of the same tenor and date, one of which being accomplished, the others to be void, as of the date specified as above. For