Commercial Maritime Law

The insurer shall not be held liable for: 1. material damage arising from a defect in the insured items, inadequate packaging, or baling, without prejudice to the provisions of Article 330(1); 2. normal loss sustained by goods during a voyage; 3. material damage arising from fines, confiscation, placing under custody, plunder, sanitation measures, sterilization, breach of blockade, smuggling, Commercial Maritime Law or illicit trade; 4. compensations for arrest, or security for lifting the same; or 5. non-material damage not directly sustained by the insured items, such as the delay or refusal of all or some crew members to perform their duties, as well as price and any other impediments that may affect the commercial transaction undertaken by the insured.