This policy covers the risk of loss, destruction or damage to the goods in transit by sea, air or land. The insurance attaches from the time the goods leave the warehouse or place of storage named in the policy for the commencement of the transit, continues during the ordinary course of transit and terminates either:-

On delivery to the consignees or other final warehouse or place of storage at the destination named in the policy.

Or on the expiry of the sixty days after completion of discharge of the goods from the vessel at the final port discharge.

This policy is subject to an excess.