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It is hereby declared and agreed that this policy is extended to cover all plant and machinery of the Insured against any unforeseen and sudden physical loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of watering boilers, physical explosion, tearing apart on account of centrifugal force, short-circuit, storm, or from any other cause not specifically excluded hereinafter, in a manner necessitating repair or replacement.

The insurers shall however not be liable for the following:

  1. loss of or damage to exchangeable tools, e.g. dies, moulds, engraved cylinders, parts which by their use and/or nature suffer a high rate of wear or depreciation , e.g. refractory linings, crushing hammers, objects made of glass, belts, ropes, wires, rubber tyres, operating media , e.g. lubricants, fuels, catalysts;
  2. loss or damage due to fire, direct lightning, chemical explosion (except fuel gas explosions in boilers),extinguishing of a fire or subsequent demolition, aircraft or other aerial devices or articles dropped there from; theft burglary or attempts thereat, collapse of buildings, flood, inundation, earthquake, subsidence, landslide, avalanche, hurricane, cyclone, volcanic eruption or similar natural catastrophes;
  3. loss or damage for which a supplier, contractor or repairer is responsible either by law or under contract;
  4. loss or damage caused by any faults or defects existing at the time of commencement of this Policy within the knowledge of the Insured or his representatives, whether such faults or defects were known to the Company or not;
  5. loss or damage as a direct consequence of the continual influence of operation    (e.g.  wear   and  tear,  flood,  inundation,   cavitations, erosion, corrosion, rust, boiler scale)
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