Future Generali India Insurance Company Limited, Corporate & Registered Office: 6th Floor, Tower – 3, Indiabulls Finance

Center, Senapati Bapat Marg,

Elphinstone Road, Mumbai – 400013., MaharashtraCare Lines:- 1800-220-233, 1860-500-3333, 022-67837800, Email:fgcare@futuregenerali.in, Website:
www.futuregenerali.in IRDA Regn. No 132, CIN - U66030MH2006PLC165287
 Marine insurance- Cargo - Policy Schedule
Policy Servicing Office : Off Code-16,Future Generali India Insurance Co Ltd, Block A, 1st Floor Heritage, House, 6, Ramabai Ambedkar, Road, Near Sohrab
Hall, Pune, Maharashtra, Pincode- 411001., Tel_No:020-66258100
Policy No : C2342455 Intermediary Name/Code : WILLIS TOWERS WATSON INDIA
INSURANCE BROKERS PRIVATE
LTD./60053333
Insured Proposer : Garrett - Advancing Motion Honeywell Turbo Telephone(Mob,Hom) : 9664699399/9664699399
Technologies (India) Pvt. Ltd. and Garett Previous Policy No C2236401-03
Motion Operations in India Garrett Motion :
Technologies India Private Limited
Address : Plot No 4A Raisoni Industrial, Estate Near FGI GSTIN Number : 27AABCF0191R2Z8
Hinjewadi Phase, 2 Village Mann Taluka URN : -
Mulshi, Pune, Maharashtra, 411057
GSTIN Number : 27AABCH5035J1ZM
Period of Insurance From 00:00 01/10/2022 To midnight of 30/09/2023 Both dates included or any date prior to expiry date on which sum insured/ premium
under the policy is exhausted by the shipments/ declarations or until cancelled as per the cancellation clause of policy, whichever shall occur first.

In consideration of the Policyholder named herein paying to the Future Generali India Insurance Company Limited (hereinafter called the Insurer) the premium as
stated in the Schedule and in reliance up on the statements made by the Policyholder in the proposal including its attachments or otherwise, and the material
incorporated therein, the Insurer agrees to provide insurance against loss damage liability or expense to the extent and in the manner herein provided subject to all
terms, conditions, exceptions and warranties hereinafter set forth.

Co-insurance Details
Insurer Share (In %)
Future Generali India Insurance Company Limited 100%

To the order of : -

Interest Insured : Upon lawful goods and/or merchandise suitably packed for
the transit of every description, principally lighting fixtures and components,and similar merchandise,usual and and incidental to
the business of the Insured.
Voyage Transit : Import: From anywhere in the world to anywhere in India. Tail end transit of CIF imports: From any Indian port / ICDs to
anywhere in India.
Export: From anywhere in India to anywhere in the world.
FOB/ C&F Exports: From anywhere in India to any Indian port as per FOB Clause. Cover is thence extended under Seller s
Interest Clause.
Inland: From anywhere in India to anywhere in India.
Note1: Excluding shipments to/ from Iran, Iraq, Afghanistan, Myanmar, Sudan, North Korea, Cuba, Somalia, Syria.
In respect of road/ rail shipment to Nepal, Bangladesh & Pakistan cover to terminate on insured cargo reaching Indian border &
coverage from these countries to start on commencement of transits within Indian territory.
Coverage for shipmentsto countries in Africa to terminates at air port/ sea port of Discharge & coverage from African countries to
start post loading of cargo at port of loading in vessel/ aircraft.
Coverage is subject to sanctions clause which excludes any cover which has exposure to any sanction, prohibition or restriction
under United nations resolutions or the trade or economic sanctions, laws or regulations of European Union, United Kingdom or
USA or countries prohibited by Indian Govt.
Note 2: Unless agree upon coverage under the policy will not exceed liability of insured as per invoice INCOTERMS.
Note 3: There is no coverage for War, Strikes, Riots and Civil Commotion Risks, for all transits to, from and within Ukraine,
Ukraine territorial waters, Russian Black Sea territorial waters, Sea of Azov, Russian Black Sea ports, Sea of Azov ports and
Russian territories within 200kms of the Ukrainian border.
Conveyance : Export By Air
-
Export by Rail/Road
-
Export By Courier
-
Export By Reg Post PARCEL
-
Import By Air
-
Import By ROAD/ RAIL
-
Import By Courier
-
Import By Reg Post PARCEL
-
Inland By Air
- Signature Not Verified
Inland By Rail / Road
Digitally signed by DS FUTURE
- GENERALI INDIA INSURANCE
Inland By Courier COMPANY LIMITED 01
- Date: 2022.10.27 17:54:56 IST
Inland By Reg Post PARCEL Location: Mumbai
-
Packing : Standard and customary

Future Generali India Insurance Company Limited, Registered and Corporate Office address: 801 and 802, 8thFloor, Tower C, Embassy 24X7 Park,
L.B.S. Marg, Vikhroli - West, Mumbai, Maharashtra - 400083 Care Line:- 1800-220-233, 1860-500-3333, 022-67837800, Email: fgcare@futuregenerali.in,
Website: www.futuregenerali.in. IRDA Regn.No. 132, CIN - U66030MH2006PLC165287.
Basis of valuation :
Terms of Cover
Future Generali India Insurance Company Limited, Registered and Corporate Office address: 801 and 802, 8thFloor, Tower C, Embassy 24X7 Park,
L.B.S. Marg, Vikhroli - West, Mumbai, Maharashtra - 400083 Care Line:- 1800-220-233, 1860-500-3333, 022-67837800, Email: fgcare@futuregenerali.in,
a) All goods and/or merchandise, except those specifically
provided for elsewhere herein, to be valued: At amount declared or as noted in the Assured s files but not less than CIF plus 10%,
Sales Price or Replacement Cost whichever is higher. OR Amount required by instructions received by the Assured or at the
amount declared, provided such instructions or declarations are made prior to any known or reported loss or accident, but in no
event to be less than the foregoing.b) Shipmentsof prototypesvalued at replacementcost, less designing,engineeringand research
expenses, if actually replaced within two years, otherwise the salvageable value immediately prior to loss of damage. (c) Used
Machinery/return shipment : Market depreciated value. (d)New and/or refurbished and/or machinery and aircraft equipment under
service contract and warranty, regardless of shipping / INCO terms noted on commercial documents, shall be valued at the actual
cost to The Assured to replace same with an item of like kind and quality if available, but if not replaced, then at the book value of
the item as maintained in the accounting records of The Assured or relevant supporting documentation, whichever is higher.
Clauses / Warranties / Exclusions attached form part of the Policy : -
Institute Cargo Clause (A) 1/1/2009
Institute Cargo Clause (B) 1/1/2009
Institute Strikes Clause (Cargo) 1/1/2009
Institute War Clause (Cargo) 1/1/2009
Institute Classification Clause 01/01/2001
Cargo ISM Endorsement
Inland Transit (Rail or Road) Clause A (All Risks)
Inland Transit (Rail or Road) Clause B (Basic Cover)
Strikes, Riot and Civil Commotion
Limitation of Liability (Inland Transit) Clause
Institute Cargo Clause (Air) (Excluding Sending By Post) 1/1/2009
Institute Strikes Clause (Air Cargo) 1/1/2009
Institute War Clause (Air Cargo) (Excluding Sending By Post) 01/01/2009
Institute Radioactive Contamination, Chemical, Biological, Bio-Chemica l and Electromagnetic Weapons Exclusion Clause
10/11/03
Limitation of Liability clause
Termination of Transit Clause (Terrorism)
Important Notice
Institute Cyber Attack Exclusion Clause
Institute Standard Conditions for Cargo Contracts 1/4/82
Institute Extended Radioactive Contamination Exclusion Clause 1/11/02
Cargo termination of storage clause
F.O.B Clause
Import Duty Insurance Clause
Replacement (Second-Hand Machinery) Clause
Warranted carrying vehicle is closed or adequately covered with weather proof material.
Warranted Cleanliness, fitness and suitability of conveyance for carriage of intended cargo
Warranted adequacy of lashing, choking and securing of the insured cargo to carrying conveyance
It is condition of policy that weight of cargo should not exceed registered carrying capacity of carrying vehicle
Institute Replacement Clause 1/1/34
Cancellation Clause
Private Carrier Clause
Excluding losses due to rust, oxidation & discoloration unless caused perils covered by ICC B / ITC - B clauses.
For imported shipments purchased on CIF basis/or similar terms as per which overseas voyage has to insured by seller is covered
under this policy for inland transit in India as per ITC (B) clause + SRCC + Non-Delivery of entire consignment.
Excluding losses due to mechanical, electrical & electronic derangement unless accompanied with external, visible & physical
damage to insured cargo.
Returns are covered as per ITC - B/ ICC - B clauses + War + Strike + Non-Delivery of entire consignment.
Coverage for used machinery is free of particular average (ie partial loss are not covered for used machinery)
Survey warranty for ODC Cargo :- It is a condition of policy that the insured is obligated, where "Over Dimension Cargo" are
involved, "ODC" being defined elsewhere in this policy of insurance, to advise underwriters of the loading and shipment of such
"ODC" at least three (3) working days prior to such loading and shipping. The purpose of these required advices is to afford
underwriters the opportunity to arrange, at the discretion of underwriters, at cost of insured, proper loading and stowage surveys as
also to approve conveyance suitability.
Failure to adhere to this warranty shall not affect this insurance except as respect to the individual shipment(s) concerned. This
insurance will continue in full force and effect for all other shipments complying with the survey warranty.
In the event of a breach of the Survey Warranty, the policy coverage for that particular cargo shipment will cease and any claim
arising from such shipment will not be covered under this policy. However this will not impact the other shipmentswhere the survey
warranty has/will be complied with.
In any event should the Assured subsequently comply with the stated Survey Warranty terms, then from the date of compliance as
evidenced by the issuance of an Approved Surveyor s inspection certificate the full policy coverage will be reinstated.
ODC are defined as all equipment, plant and materials which would have one or more of following characteristics:
- Any item which including packing does not fit inside a standard 40 container or equivalent road trailer, thus having dimensionsin
excess of 12m in length and/or 2.5 m wide and/or 2.5 m high.
- Any item including packing with a weight in excess of 20 MT.
- Any item which requires special handling due to its characteristics, and/or centre of gravity off balance, irregular footprint.
- Any item which involves special requirements for lashing and securing.
- Non-containerized On-Deck cargo
- Barge movement
Sanction limitation & exclusion clause
Computer Millennium Clause (Cargo) JC 98/024 13/8/98
Website: www.futuregenerali.in. IRDA Regn.No. 132, CIN - U66030MH2006PLC165287.
 Cargo ISPS Endorsement JC2004/050 - November 4, 2004 200% Accumulation Provisionsif and as original (Internation Transit
only).JOINT EXCESS LOSS CYBER LOSSES CLAUSE (JX2020-007) Notwithstandingany other term of this Contract save for
Clause 2 below, in no case shall this Contract cover loss, damage, liability, or expensedirectly or indirectly caused by or contributed
to by or arising from the use or operation of an Information Technology Device as a means for inflicting harm. Where this clause is
endorsed on policies covering risks of war, civil war, revolution, rebellion, insurrection, or civil strife arising therefrom, or any
hostile act by or against a belligerent power, or terrorism or any person acting from a political motive, Clause 1 shall not exclude
losses which would otherwise be covered arising from the use of any Information Technology Device in the launch and/or guidance
system and/or firing mechanismof any weapon or missile. Where the use or operation of an Information TechnologyDevice was not
used as a means of inflicting harm, any ensuing loss, damage, liability or expense shall be excluded unless a physical peril named in
the Information Technology Hazards Clause within JELC CL432 (16/10/2017) was also a significant cause of a loss. In such case
this Contract shall cover the loss, damage, liability or expense in accordance with but only to the extent provided for in that Clause,
whether that Clause form s part of this Contract or not.
For the purposes of this clause, an InformationTechnology Device shall mean any computer system,hardware, software,programme
code, data, process, virus, information repository microchip, integrated circuit or similar device in or connected with computer
equipment or non-computer equipment, whether the property of a direct insured or not.
COMMUNICABLE DISEASE EXCLUSION (Cargo) 1. Notwithstandingany provision to the contrary within this insurance, this
insurance does not insure any loss, damage, liability, claim, cost or expense of whatsoever nature caused by, contributed to by,
resulting from, arising out of or in connectionwith a CommunicableDisease or the fear or threat (whether actual or perceived) of a
Communicable Disease regardless of any other cause or event contributing concurrently or in any other sequence thereto.
2. As used herein, a CommunicableDisease means any disease which can be transmitted by means of any substance or agent from
any organism to another organism where:
2.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof,
whether deemed living or not, and
2.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid
transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms and
2.3. the disease, substance or agent can cause or threaten bodily injury, illness, damage to human health, human welfare or property.
JC2020-011 17 April 2020
Per location limit / Per bottom/ sending limit :-
International Transit Ocean - Air : INR 79,247,400/- any one and / or connecting conveyance
Domestic Transit : INR 79,247,400/- any one conveyance
All other Terms, Conditions and Exclusions as per the covered clauses detailed in the Policy Wordings.
Sanction Limitation and Exclusion Clause
We shall not be deemed to provide cover and shall not be liable to pay any claim or provide any benefit hereunder to the extent
that the provision of such cover, payment of such claim or provision of such benefit would expose that to us to any sanction,
prohibition or restriction under United Nations resolutions or the trade or economic sanctions,laws or regulations of the European
Union, United Kingdom or United States of America.
Communicable Disease Exclusion Clause (Cargo) JC2020-011
Joint Excess of Loss Cyber Losses Clause JX2020-007

Excess : INR 1,981,185/- per occurrence for any one shipment.

Declaration Basis : Consolidated value of all the transits on annual basis.
In view of statutory provisionsfor premium payment (Section 64 VB of Insurance Act), adequacy of premium at all times will have
to be ensured by the Assured. The company (i.e. insurer) reserves the right to inspect the books of accounts of the insured including
the audited balance sheet)

Sequence No. Description Annual turnOver Sum Insured

1 IMPORT 1280487969 1280487969

2 EXPORT 10884147853 10884147853

3 DOMESTIC 1920731993 1920731993

Sum Insured Premium Schedule
Sum Insured : 14085367815 Gross Premium : 1,228,335.00
Rate : As AgreedGoods and Service Tax : 221,100.31
Stamp Duty : 0.50
Total Premium : 1,449,436.00

For FUTURE GENERALI INDIA INSURANCE CO. LTD.

Date of Issue :
Place of Issuance : Mumbai*

*Address as mentioned below. Authorised Signatory

Future Generali India Insurance Company Limited, Registered and Corporate Office address: 801 and 802, 8thFloor, Tower C, Embassy 24X7 Park,
L.B.S. Marg, Vikhroli - West, Mumbai, Maharashtra - 400083 Care Line:- 1800-220-233, 1860-500-3333, 022-67837800, Email: fgcare@futuregenerali.in,
Website: www.futuregenerali.in. IRDA Regn.No. 132, CIN - U66030MH2006PLC165287.
 Note:This document is digitally signed by Mr Vaibhav Risbud, Authorised Signatory of Future Generali
India Insurance Company Limited on

Stamp Duty of Rs 0.50 is paid as provided under Article Policy of Insurance 47A of Indian Stamp Act, 1899 and included in Consolidated Stamp Duty Paid to the
Government of Maharashtra Treasury vide Order of Addl. Controller Of Stamps, Mumbai at General Stamp Office, Fort, Mumbai - 400001., vide this Order No. (
LOA NO.CSD/444/2022/(Validity Period Dt. 25/08/2022 To Dt. 31/03/2023)/3723, Dated 25-08-2022. )

Product UIN : IRDAN132CP0008V01201920

Future Generali India Insurance Company Limited, Registered and Corporate Office address: 801 and 802, 8thFloor, Tower C, Embassy 24X7 Park,
L.B.S. Marg, Vikhroli - West, Mumbai, Maharashtra - 400083 Care Line:- 1800-220-233, 1860-500-3333, 022-67837800, Email: fgcare@futuregenerali.in,
Website: www.futuregenerali.in. IRDA Regn.No. 132, CIN - U66030MH2006PLC165287.
Forming part of Policy Number C2342455

INSTITUTE STANDARD CONDITIONS FOR CARGO CONTRACTS, 1/4/82

1. This contract is to insure the subject-matter specified for the transits and on the conditions named shipped by or for account of
C2236401 or the insurance of which is under their control as selling or purchasing agent unless insured elsewhere prior to inception of
this contract or to insurable interest being acquired.

2. This contract does not cover the interest of any other person, but this shall not prevent a transfer of the insurance by the Assured or
Assignee.

3. It is a condition of this contract that the Assured are bound to declare hereunder every consignment without exception, the Company
being bound to accept up to but not exceeding the amount specified in clause 4 & 5 below.

4. Notwithstanding anything to contrary contained in this contract the limit of the insurer liability in respect of any single carrying
conveyance involved in one accident or series of accidents arising from the same event shall not exceed the amount mentioned below.
Shipment values exceeding this limit unless prior notice is given to the company suitable amendments have been made in the policy
insured will be self-insurer and for partial losses condition of average will be applicable at time of claim.

Export By Air RS. 79,247,400

Export by Rail/Road RS. 79,247,400
Export By Courier RS. 79,247,400
Export By Reg Post PARCEL RS. 79,247,400
Import By Air RS. 79,247,400
Import By ROAD/ RAIL RS. 79,247,400
Import By Courier RS. 79,247,400
Import By Reg Post PARCEL RS. 79,247,400
Inland By Air RS. 79,247,400
Inland By Rail / Road RS. 79,247,400
Inland By Courier RS. 79,247,400
Inland By Reg Post PARCEL RS. 79,247,400

5. Notwithstanding anything to the contrary contained in this contract the insurer's liability in respect of any one accident or series
of accidents arising from the same event in any one location shall not exceed amount of Rs. 79247400. This donates accumulation
of all shipments at any one place at any one time. If such accumulations do take place exceeding the location limit, unless prior
notice is given to the company & suitable amendments have been made in the policy, condition of average will be applicable at
time of claim.

6. In the event of loss accident or arrival before declaration of value it is agreed that the basis of valuation shall be :

a) All goods and/or merchandise, except those specifically

7. This contract is subject to the Institute Classification Clause.

8. Should the risks of war, strikes, riots and civil commotions be included in the cover granted by this contract, the relevant Institute War
Clauses and Institute Strikes Clauses shall apply.

9. This Institute Clauses referred to herein are those current at the inception of this contract but should such clauses be revised during the
period of this contract, and provided that the Company Shall have given at least 30 days notice thereof, then the revised Institute
Clauses shall apply to risks attaching subsequent to the date of expiry of the said notice.

Future Generali India Insurance Company Limited, Registered and Corporate Office address: 801 and 802, 8thFloor, Tower C, Embassy 24X7 Park,
L.B.S. Marg, Vikhroli - West, Mumbai, Maharashtra - 400083 Care Line:- 1800-220-233, 1860-500-3333, 022-67837800, Email: fgcare@futuregenerali.in,
Website: www.futuregenerali.in. IRDA Regn.No. 132, CIN - U66030MH2006PLC165287.
Risk No Treaty/FAC Code Percentage NET PML% SI Amount
1 100.00
1 Exposure S/I 79247400
1 Net Retention 16.0000000 12679584
1 Treaty SI 12679584
1 MACXL122 0.0000000 0
1 Gross Retn. 16.0000000 12679584
1 Govt. 4.0000000 3169896
1 FacProp 80.0000000 63397920
1 G.A.L 100.0000000 79247400

Future Generali India Insurance Company Limited, Registered and Corporate Office address: 801 and 802, 8thFloor, Tower C, Embassy 24X7 Park,
L.B.S. Marg, Vikhroli - West, Mumbai, Maharashtra - 400083 Care Line:- 1800-220-233, 1860-500-3333, 022-67837800, Email: fgcare@futuregenerali.in,
Website: www.futuregenerali.in. IRDA Regn.No. 132, CIN - U66030MH2006PLC165287.