1This insurance covers all risks of loss of or Risks damage to the subject matter insured ex- Clause cept as provided in Clauses 4,5,6 and 7 below.
2 This insurance covers general average and General salvage charges, adjusted or determined Average according to the contract of affreightment Clause and/or the governing law and practice, incurred to avoid or in connection with the avoidance of loss from any cause except those excluded in Clauses 4, 5, 6 and 7 or elsewhere in this insurance.
3 This insurance is extended toindemnify «Both the Assured against such proportion of to Blame ability under the contract of affreightment Collision» «Both to Blame Collision» Clause as is in Clause respect of a loss recoverable hereunder. In the event of any claim by shipowners under the said Clause the Assured agree to notify the Underwriters, who shall have the right, at their own cost and expense,to defend the Assured against such claim.