MARINE LIABILITY EXCLUSION

It is understood and agreed that this insurance shall not apply to any claim, direct or consequential, arising out of any marine and/or water borne liability which includes but not limited to:

Charterer's Liability                    Terminal Operators Liability

Protection And Indemnity           Safe Berth Liability

Collision Liability                       Wharfingers Liability

Towers Liability                         Stevedores Liability

Transit Liability

It is further agreed that this insurance shall not apply to:

1.     Liability arising out of the ownership, fueling, loading or loading of any watercraft; or

2.     Damage to or destruction of any dock, pier, harbour, bridge, buoy, beacon, cable, breakwater structure or lighthouse; or

3.     Liability for costs or expenses of or incidental to the removal of the wreck of any vessel;

4.     Liability arising out of injury to any passenger o any vessel operated by or on behalf of the Insured

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