Mutual Benefits Assurance Plc.

Aret Adams House, 233 Ikorodu Road, Ilupeju - Lagos. RC 269837

P.O.Box 70986, Victoria Island, Lagos.
Tel: 01-2793457-8 Fax: 234-1-12793458, 01-2712985
Email: info@mbaplc.com Website: http://www.mbaplc.com

MARINE INSURANCE CERTIFICATE

TAX ID NO: 10597902-0001 NO: 67513OL2MBA

PFI VALUE: USD 9,000.00 EXCH. RATE: 361

SUM INSURED: NGN 3,573,900.00 PFI NO.: KX-200814077

PREMIUM: NGN 5,000.00 DATE: 3rd Sep, 2020

MAC/1B/4/02309/20
It is hereby certified that the company has issued this Certificate under Policy No ____________________________

MADACI PHARMACEUTICAL CO. LIMITED

in favour of Messrs ____________________________________________________________________________ for
10597902-0001
Tax Identification Number _________________________________________________________________________
Three Million Five Hundred and Seventy-Three Thousand Nine Hundred Naira Only
the sum of ______________________________________________________________________________________
_______________________________________________________________________________________________
Vessel ANY APPROVED STEAMER(S) AS PER NIGERIAN CLASSIFICATION CLAUSE

Voyage CHINA Via / To AMINU KANO INTERNATIONAL

AIRPORT, KANO

CONDITIONS INTEREST INSURED

____________________

INSTITUTE CARGO CLAUSES (AIR), INSTITUTE WAR AS PER PROFORMA INV.NO.

CLAUSES (AIR), INSTITUTE STRIKES CLAUSES (AIR),
INSTITUTE RADIOACTIVE CONTAMINATION EXCLUSION
CLAUSE, WARRANTED THAT CARGO IS PROFESSIONALLY
PACKAGED, PAYMENT OF PREMIUM IS A CONDITION
PRECEDENT TO LIABILITY.

EXCLUSIONS

WILFUL MISCONDUCT OF THE ASSURED, MIDSTREAM

DISCHARGE, LEAKAGES, DETERIORATION,
FERMENTATION, CAKING, INHERENT VICE OR NATURE OF
THE SUBJECT MATTER INSURED

EXCESS: N100,000 OR 10% OF CLAIM WHICHEVER IS

GREATER EACH AND EVERY LOSS Authorised Respresentative

In the event of loss or damage which may give rise to a claim under this Certificate, notice must be given
MUTUAL BENEFITS ASSURANCE PLC
immediately to __________________________________________________________________________________
_______________________________________________________________________________________________
MUTUAL BENEFITS ASSURANCE PLC
Any Lawful claim shall be settled by ________________________________________________________________
_______________________________________________________________________________________________
Upon surrender of this Certificate together with supporting documents in accordance with the instructions as stated overleaf

P o w e r e d b y T C P D F ( w w w . t c p d f . o r g )