ORIGINAL CLAIMS SETTLEMENT INSTRUCTIONS

In the event of claim all supporting documents must be sent to:-

This is page 1 of a 5 page Certificate issued under Speedwell Insurance Brokers Limited
Lloyd's reference / Policy Number C22159/2016. 148, Leandenhall Street,
In the event of loss or damage the beneficiary must be London EC3V 4QT .
in possession of the complete Certificate. claims@speedwellinsurancebrokers.co.uk

LLOYD'S ELECTRONIC CERTIFICATION SCHEME

This Certificate of Insurance has been issued under Lloyd's Electronic Cargo Certificate Scheme. The Declaration against the Contract detailed below may be verified at
www.leccerts.lloyds.com quoting the Certificate Number, Security Id and one other piece of variable information which will be requested at the time of verification.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
This is to Certify that there has been deposited with the Council of Lloyd's a Contract effected by Speedwell Insurance Brokers Limited
(B1347MC001500K), of Lloyd's, acting on behalf of Seemann y Cia Ltda and/or Subsidiaries, with Underwriters at Lloyd's, for insurances attaching thereto
during the period commencing the First day of January, 2016, and ending the Thirtieth day of November, 2016, both days inclusive, and that the said
Underwriters have undertaken to issue to Speedwell Insurance Brokers Limited (B1347MC001500K), Policy/Policies of Insurance at Lloyd's to cover, up to
$7,500,000.00 USD (or equivalent in other currencies), in all by any one means of land, water and air conveyances, including connecting conveyances, Goods and/or
Merchandise and/or Cargo of every description, including all packing materials and labels and the like when necessary for commercial purposes, or otherwise, or for which
the Contract Holder receive instructions to insure prior to shipment or prior to known or reported loss or accident, Including duties and/or taxes and/or Increased value
howsoever arising, the ordinary course of transit or otherwise, from any port or ports, place or places in the World, to any port or ports, place or places in the World,
including direct shipment or via ports and places in any order, mainly USA to Chile and vice versa, and that Seemann y Cia Ltda and/or Subsidiaries, are entitled to
declare against the said Contract insurances attaching thereto.
THIS CERTIFICATE REQUIRES
ENDORSEMENT IN THE EVENT OF
ASSIGNMENT
For the Council of Lloyd's
Dated at Lloyd's, London, Mon. 25 Jan, 2016
Conveyance Santa Cruz, 618E From SHANGHAI, CHINA © Lloyd's 2016

Via/To SHANGHAI, CHINA / CALLAO, PERU To LIMA, PERU

INSURED VALUE/Currency 6,085.00 USD

Marks and Numbers Interest

PSCI-000075 Induction Foil Sealing Machine / Flow Packing Machine
REFERENCIA: FW826 PRIMA USD 60,00

Shipment Date: Thu. 5 May, 2016

We hereby declare for Insurance under the said Contract interest as specified above so valued subject to the special conditions stated on the following pages.

Insured under conditions number C22159/2016 as shown below.

FULL POLICY TERMS AND CONDITIONS AVAILABLE UPON REQUEST BY CONTACTING THE LLOYD'S BROKER HANDLING THIS ACCOUNT, ADDRESS DETAILS AS BELOW, QUOTING
UMR B1347MC001500K.

*1 Institute Cargo Clauses (A) CL382 dated 1/1/09 or Institute Cargo Clauses (Air) (excluding sendings by Post) CL387 dated 1/1/09.
*2 Institute Frozen Food Clauses (A) (excluding Frozen Meat) (amended to chilled and temperature controlled where applicable) CL263 dated 1/1/86.
*3 Institute Frozen Food Clauses (C) (excluding Frozen Meat) (amended to chilled and temperature controlled where applicable) CL264 dated 1/1/86.
*4 Institute Frozen Meat Clauses (A) - 24 Hours Breakdown (amended to chilled and temperature controlled where applicable) CL324 dated 1/1/86.
*5 Institute Frozen Meat Clauses (C) - 24 Hours Breakdown (amended to chilled and temperature controlled where applicable) CL325 dated 1/1/86.

Institute Strikes Clauses (Cargo) CL386 dated 1/1/09 or Institute Strikes Clauses (Air Cargo) CL389 dated 1/1/09.
Institute Strikes Clauses (Frozen Food) (excluding Frozen Meat) (amended to chilled and temperature controlled where applicable) CL265 dated 1/1/86.
Institute Strikes Clauses (Frozen Meat) (amended to chilled and temperature controlled where applicable) CL326 dated 1/1/86.
Institute War Clauses (Cargo) CL385 dated 1/1/09 or Institute War Clauses (Air Cargo) (excluding sendings by Post) CL388 dated 1/1/09 or Institute War Clause (sendings by Post) CL390 dated
1/1/09.
Institute Classification Clause CL354 dated 1/1/01.
Institute Radioactive Contamination, Chemical, Biological, Bio-Chemical and
Electromagnetic Weapons Exclusion Clause (CL370) dated 10/11/03.
Institute Cyber Attack Exclusion Clause (CL.380) dated10/11/03.

Underwriters agree losses, if any, shall be payable to the order of DRAF MAQUINAS INDUSTRIALES E.I.R.L..
In the event of loss or damage which may result in a claim under this Insurance, immediate notice must be given to the Lloyd's Agent at the port or place where the loss
or damage is discovered in order that they may examine the goods and issue a survey report.
A full list of Lloyd's Agents can be found at www.lloydsagency.com
(Survey fee is customarily paid by claimant and included in valid claim against Underwriters.)

This Certificate not valid unless the Declaration be signed by Dated Mon. 30 May, 2016
Seemann y Cia Ltda and/or Subsidiaries

Signed Authorised Signatory

50792AMD
This is page 2 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
Institute Replacement Clause (CL161) dated1/1/34 extended to cover forwarding of parts by sea or air at Assured's option.

CARGO ISM ENDORSEMENT (JC98/019).

CARGO ISM FORWARDING CHARGES CLAUSE (FOR USE ONLV WITH JCC CARGO ISM ENDORSEMENT JC98/019) (JC98/023, 05 JUNE 1998).
CARGO ISPS ENDORSEMENT (JC2004/050, 04 NOVEMBER 2004).
CARGO ISPS FORWARDING CHARGES CLAUSE (FOR USE ONLY WITH JCC CARGO
ISPS ENDORSEMENT JC2004/050) (JC2004/050B, 04 NOVEMBER 2004).

EXCLUDED GOODS
Notwithstanding the above, in no case shall this insurance cover Deeds, Securities, Treasury Notes and the like, Designs, Patterns, Plans, Manuscripts and all other Documents and Money
(including Bank Notes and Coins), Stamps, Duty Stamps, Tickets, Livestock, Bloodstock, Living Creatures, Gold Bars, Private Household Goods & Personal Effects, Skins, Reactive Materials and
the like.
INCLUDING
Including second-hand and/or used Interests and/or Interests which are not new (collectively hereinafter called "Second-hand Interests").
reconditioned, refurbished or remanufactured Interests or Interests which have been subject to a similar restoration process (as defined in the "Reconditioned Interests Clause" herein.
BULK INTEREST
It is a condition precedent to the Insurer's liability under this Contract
that Bulk Interests unless carried in ISO Tank Containers or purpose built road or rail tank conveyances are declared to and agreed by Insurers prior to the attachment of risk under this Contract.
SHIPMENTS CLAUSE
Shipments are covered hereunder whether containerised or otherwise and whether on or under deck all irrespective of Bill of Lading instructions.
ACCUMULATION CLAUSE
Should there be an accumulation of interests beyond the limits expressed in this Contract by reason of any interruption of the transit and/or an occurrence beyond the control of the Assured and/or
by reason of any casualty and/or at a transhipping point and/or on a connecting vessel or conveyance it is agreed that such excess interest is covered
hereunder subject to Insurers’ liability being limited to a maximum of 200% of the Contract limits contained herein.
The above limits and/or sub-limits and/or any other limits or sub-limits stated in this Contract shall apply on a "first loss" basis and the Contract Holder has privilege to effect specific insurance in
respect of any excess amounts without prejudice to this insurance.
A location is defined as "each warehouse or place of storage or complex of buildings constituting one set of premises, including craft and rail or road conveyances at or alongside such premises".
CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 EXCLUSION CLAUSE
The Provisions of the Contracts (Rights of Third Parties) Act 1999 do not apply to this insurance nor any certificate(s) of insurance issued hereunder. Neither this insurance nor any certificates
issued hereunder confer any benefits on any third parties. No third parties may enforce any term of this insurance or of any certificate issued hereunder. This clause shall not affect the rights of
the Assured (as assignee or otherwise) or the rights of any loss payee.
This insurance shall, unless provided for to the contrary in this section or elsewhere in this Contract, insure against "All Risks" of loss of or damage to the Interest insured in accordance with the
Institute Cargo Clauses (A) or Institute Cargo Clauses (Air) as applicable.
Including cover in respect of the risks of war and the risks of strikes, riots and civil commotions which shall be granted under this insurance in accordance with the relevant Institute War Clauses and
Institute Strikes Clauses but notwithstanding anything contained or implied in this Contract to the contrary, the Duration of cover in respect of War risks shall be in accordance with the relevant
Institute War Clauses.
ARMS, AMMUNITION AND EXPLOSIVES CLAUSE
In respect of arms, ammunition and explosives; cover hereunder shall be subject to the following terms conditions warranties limitations exceptions and exclusions:
1. Warranted that all appropriate documentation such as (but without prejudice to the generality of this clause) import and/or export permits and licences, shall be in good order prior to the
attachment of risk under this Contract.
2. Warranted that the IMDG Code and other IMO Codes of safe practice are adhered to.
3. Warranted all firing mechanisms, fuses, detonators and the like are handled and stowed completely separately from any explosive items.
ATTACHMENT/TERMINATION OF TRANSIT CLAUSE
Unless provided for to the contrary in this section or elsewhere in this Contract this insurance commences and terminates in accordance with the provisions of the Institute Clauses incorporated
herein subject to the following extensions:

1. Including during loading onto the carrying conveyance immediately prior to despatch and unloading from the carrying conveyance immediately after arrival at the Consignee's premises.
2. Including in respect of containerised cargo during the stuffing and unstuffing of the container.
3. Including where customary during transhipment.
4. Including whilst during delays in transit but only where such delays are beyond the control of the Assured.
5. Including Shipments whilst being returned to the Consignor for any reason (hereinafter called "Returned Shipments"). See Returned Shipments Clause.

6. References to 60 days in the Duration section of the Institute Cargo Clauses (A) and the Institute Strikes Clauses (Cargo) are hereby amended to read 120 days. References to 30 days in
the Duration section of the Institute Cargo Clauses (Air) and the Institute Strikes Clauses (Air Cargo) are hereby amended to read 60 days.
7. In respect of all transits insured hereunder, privilege is hereby granted to the Assured or the Contract Holder to elect to place the Interest into a warehouse or other place of storage during the
course of the insured transit for any reason for a period not exceeding 14 days. For the purposes of this insurance, such a period of storage shall be deemed to be in the ordinary course of transit.
This is page 3 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
8. Including, on terms and conditions to be agreed by Insurers prior to that attachment of risk hereunder, Interests whilst at the premises of independent third party contractors such as (but
without prejudice to the generality of this Clause) repairers, assemblers and printers.
9. Including, in respect of plant or machinery or equipment insured hereunder whilst in transit to a construction site and on terms and conditions to be agreed by Insurers prior to that attachment of
risk hereunder, during any subsequent movements after arrival at the site for the express purposes of positioning said item(s) to the specific point of erection and/or installation at the site.
10. With respect to shipments to South America, notwithstanding anything contained elsewhere herein to the contrary, cover is extended to include a period of up to 60 days whilst in Customs
Warehouse at port of destination and thence until the goods are finally delivered to final warehouse at destination. Warranted that storage in Customs Warehouse is not undertaken at the request of
the Assured.
BRANDS AND TRADE MARKS CLAUSE
In the case of damage to the subject matter insured bearing a brand or trade mark, the sale of which carries or implies the guarantee of the manufacturer and/or supplier and/or the Assured or their
goodwill collectively or independently, the salvage value of such subject matter insured shall be determined only after the removal of brand and/or trade marks.
On containers from which the brand or trademark cannot be removed, contents shall be transferred to plain bulk containers. With respect to any merchandise and/or containers from which it is
impractical to destroy all evidence of the Insured's connection therewith, this Insurer agrees to consult with the Insured with respect to the disposition of said merchandise and/or containers.
CONCEALED DAMAGE CLAUSE
Subject to the terms and conditions of this insurance, in the event of delay in opening containers, cases or other packages at the Assured's premises loss of or damage to the subject matter insured
discovered on opening shall be deemed to have occurred during the currency of this Contract and shall be recoverable hereunder unless conclusive proof to the contrary be established by Insurers.
Any container and/or case and/or package showing signs of damage shall be opened immediately on arrival at final destination.
The period under this extension is limited to 90 days after arrival at final destination.
CUTTING CLAUSE
In the event of a claim for breakage, chipping, cracking, bending, denting or any other damage provided this be of a nature that it is practicable to use the sound portion(s) for the purpose for which
they were originally intended Insurers shall be liable only for the damaged parts of each pipe, reel, coil, rod, sheet or similar unit and this insurance shall pay only for their proportionate values
together with the costs of cutting.
DEBRIS REMOVAL CLAUSE
This insurance is extended to cover in addition to other amount(s) recoverable under this insurance extra expenses reasonably incurred by the Assured for the removal and disposal of debris of the
Interest insured or part thereof by reason of damage thereto caused by an insured peril but excluding absolutely, any expenses incurred in consequence of or to prevent or to mitigate pollution or
contamination or any threat thereat or liability therefore, and the cost of removal of cargo from any vessel or craft.
In no case shall Insurers be liable under this Clause for more than the original insured value of the Interest or USD 25,000 whichever the lesser.
DELIBERATE DAMAGE POLLUTION HAZARD CLAUSE
Cover is hereby extended to include the physical loss of or damage to the Interest insured caused by governmental authorities acting for the public welfare to prevent or mitigate a pollution hazard or
threat thereof provided that the accident or occurrence creating the situation which required such governmental action is an insured peril hereunder.
This Clause does not extend to include any third party liability that may arise from such an occurrence.
DEMURRAGE CLAUSE
If the Assured is directed by this Insurer to hold an intermodal container and if the Assured is assessed a late penalty and/or demurrage charge for the holding of the intermodal container past the
return date, this Insurer will pay late penalties and/or demurrage charges. The amount this Insurer will pay shall be the charges assessed until such time this Insurer and Assured agree that the
container can be released.
In the event of loss of or damage to the Interest insured the Assured, in consultation with Insurers, has the option to destroy and/or dispose of the salvage subject to agreeing market value for
crediting to Insurers.
DIFFERENCE IN CONDITIONS/LIMITS CLAUSE
It is agreed that where the Assured is obligated by legislation or otherwise to arrange insurance locally, they shall continue to have the full benefit of this insurance in respect to difference in perils,
assured, definitions, conditions and/or limits.
It is agreed that nothing in this clause shall be construed to extend the obligation of this Insurer to pay more than the limit(s) of liability set forth elsewhere in this Contract.
DUTY/TAXES CLAUSE
It is understood and agreed that this Contract also covers, subject to Contract terms and conditions, the risk of partial loss by reason of perils insured against on:

(A) The duties and/or taxes imposed on goods insured hereunder,

(B) The Assured's liability for the payment of duty, following loss of or damage to the insured interest recoverable hereunder, to the Authority of any country through which the interest may pass
prior to coming within the jurisdiction of the country of destination.

It is further understood and agreed, however, that when the risk upon the goods continues beyond the time of landing from the overseas vessel, the increased value consequent upon the payment
of such duty and/or taxes, shall attach as an additional insurance upon the goods from the time such duty and/or taxes is paid or becomes due, to the extent of the amounts thereof actually paid or
payable.
Any limit of liability for duty expressed in this Contract shall be applied separately to such increased value.
The Assured warrants that on all shipments insured hereunder a separate amount shall be reported sufficient to cover the said duty and/or taxes, upon which the rate of premium shall be an agreed
percentage of the merchandise rate.
The Assured will, in all cases, use reasonable efforts to obtain abatement or refund or duties and/or taxes paid or claimed in respect of goods lost, damage or destroyed. It is further agreed that the
Assured shall, when Insurers so elect, surrender the merchandise to the customs authorities and recover duties and/or taxes thereon as provided by law, in which event the claim under
this Contract shall be only for total loss of the merchandise so surrendered and expenses.
This is page 4 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
ENDORSED BILLS OF LADING CLAUSE
This insurance shall not be prejudiced solely by reason of the marking of the Bill of Lading (or like document) with a clause indicating Interest insufficiently packed.
ERRORS AND OMISSIONS CLAUSE
Unintentional errors or omissions in the making of declarations shall not invalidate this insurance provided steps are taken to rectify these as soon as they come to the notice of the Assured or the
Contract Holder but subject always to cover terms and limitations.
FUMIGATION CLAUSE
In the event of loss or damage to the subject matter insured caused by fumigation, these insurers agree to indemnify the Assured for such loss or damage, and the Assured hereby agrees to
subrogate to these Insurers any recourse they may have for recovery of such loss or damage from others, but this clause does not extend to cover loss or damage caused by customary
fumigation applied prior to or at inception of risk.
GENERAL AVERAGE AND SALVAGE CLAUSE
This insurance covers General Average, Salvage and Salvage Charges, adjusted or determined according to the contract of Affreightment and/or governing law and practice, incurred to avoid or in
the connection with the avoidance of loss recoverable hereunder.
For the purpose of claims for General Average Contribution and Salvage Charges recoverable hereunder the subject matter insured shall be deemed to be insured for its full contributory value with
any claims arising hereunder recoverable in full irrespective of any excess or deductible hereunder.
Where there is a retention by the Assured, Insurers agree to provide security on behalf of the Assured.
HEATING SWEATING AND CONDENSATION CLAUSE
Notwithstanding the exclusion of inherent vice in the Institute Clauses cover is hereby extended to include loss of or damage to the Interest insured caused by heating, sweating and condensation
howsoever arising.
This Clause does not apply to Second-hand Interests, bulk cargo, coal, cement, metal goods, tinned goods, drummed cargo, temperature sensitive and/or perishable goods.

INCREASED VALUE ON ARRIVAL CLAUSE

Where applicable Insurers to pay increased value on arrival through the payment of freight and/or duty and/or landing and similar charges if incurred, provided always that such amounts are included
in the insured value declared and premium paid thereon.
It is a condition of the Assured's right of recovery hereunder that the Assured agrees to take all reasonable steps to obtain a refund of such charges and return the net amount to Insurers.
INSOLVENCY EXCLUSION CLAUSE (JC93)
The exclusion "loss damage or expense arising from insolvency or financial default of the owners, managers, charterers or operators of the vessel" is amended to read as follows:
"In no case shall this insurance cover loss damage or expense arising from insolvency or financial default of the owners managers charterers or operators of the vessel where the Assured are
unable to show, prior to the loading of the Interest insured on board the vessel, all reasonable practicable and prudent measures were taken by the Assured, their servants and agents, to establish
the financial reliability of the party in default
This exclusion shall not apply where this insurance has been assigned to the party claiming hereunder who has bought or agreed to buy the Interest insured in good faith under a binding contract"
LABELS CLAUSE
In the event of damage from a peril insured against affecting labels, capsules or wrappers, the loss to be limited to an amount sufficient to pay the cost of new labels, capsules or wrappers and the
cost of re-labelling and reconditioning the subject matter insured, provided that such costs relate to a claim recoverable in terms of the Contract
In no event shall this Insurer be liable for more than the insured value of the damaged subject matter insured.

CHOICE OF LAW AND JURISDICTION

This Insurance shall be governed by and construed in accordance with the law of England and Wales and each party agrees to submit to the exclusive jurisdiction of the Courts of England and
Wales.
This is page 5 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
IMPORTANT INSTRUCTIONS IN THE EVENT OF A CLAIM
DOCUMENTATION OF CLAIMS IMPORTANT
LIABILITY OF CARRIERS, BAILEES OR OTHER THIRD PARTIES
To enable claims to be dealt with promptly, the Assured or their Agents are advised to submit all It is the duty of the Assured and their Agents, in all cases, to take such measures as may be reasonable
available supporting documents without delay, including when applicable. for the purpose of averting or minimising a loss and to ensure that all rights against Carriers, Bailees or
other third parties are properly preserved and exercised. In particular, the Assured or their Agents are
required:-
1. Original policy or certificate of insurance. 1. To claim immediately on the Carriers, Port Authorities or other Bailees for any missing packages.

2. Original or copy shipping invoices, together with shipping specification and/or weight notes. 2. In no circumstances, except under written protest, to give clean receipts where goods are in
doubtful conditon.
3. When delivery is made by Container, to ensure that the Container and its seals are examined
3. Original Bill of Lading and/or other contract of carriage. immediately by their responsible official. If the Container is delivered damaged or with seals broken
or missing or with seals other than as stated in the shipping documents, to clause the delivery
4. Survey report or other documentary evidence to show the extent of the loss or damage. receipt accordingly and retain all defective or irregular seals for subsequent indentification.
5. Landing account and weight notes at final destination. 4. To apply immediately for survey by Carriers' or other Bailees' Representatives if any loss or
damage be apparent and claim on the Carriers or other Bailees for any actual loss or damage
6. Correspondence exchanged with the Carriers and other parties regarding their liability for the
found at such survey.
loss or damage. 5. To give notice in writing to the Carriers or other Bailees within 3 days of delivery if the loss or
damage was not apparent at the time of taking delivery.
Note:- The Consignee or their Agents are recommended to make themselves familiar with the Regulations
of the Port Authorities at the port of discharge.

NOTE: The Institute Clauses incorporated herein are deemed to be those current at the time of commencement of the risk.
It is necessary for the Assured when they become aware of an event which is "held covered" under this Insurance to give prompt notice to Underwriters and the right to such cover is
dependent upon compliance with this obligation.
Lloyd's Agents referred to herein are not insurers and are not liable for claims arising on this Certificate. The service of legal proceedings upon Lloyd's Agents is not effective service for
the purpose of starting legal proceedings against Underwriters.
Lloyd’s is authorised under the Financial Services and Markets Act 2000 and regulated by the Financial Conduct Authority and Prudential Regulation Authority
DUPLICATE CLAIMS SETTLEMENT INSTRUCTIONS
In the event of claim all supporting documents must be sent to:-
This is page 1 of a 5 page Certificate issued under Speedwell Insurance Brokers Limited
Lloyd's reference / Policy Number C22159/2016. 148, Leandenhall Street,
In the event of loss or damage the beneficiary must be London EC3V 4QT .
in possession of the complete Certificate. claims@speedwellinsurancebrokers.co.uk

LLOYD'S ELECTRONIC CERTIFICATION SCHEME

This Certificate of Insurance has been issued under Lloyd's Electronic Cargo Certificate Scheme. The Declaration against the Contract detailed below may be verified at
www.leccerts.lloyds.com quoting the Certificate Number, Security Id and one other piece of variable information which will be requested at the time of verification.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
This is to Certify that there has been deposited with the Council of Lloyd's a Contract effected by Speedwell Insurance Brokers Limited
(B1347MC001500K), of Lloyd's, acting on behalf of Seemann y Cia Ltda and/or Subsidiaries, with Underwriters at Lloyd's, for insurances attaching thereto
during the period commencing the First day of January, 2016, and ending the Thirtieth day of November, 2016, both days inclusive, and that the said
Underwriters have undertaken to issue to Speedwell Insurance Brokers Limited (B1347MC001500K), Policy/Policies of Insurance at Lloyd's to cover, up to
$7,500,000.00 USD (or equivalent in other currencies), in all by any one means of land, water and air conveyances, including connecting conveyances, Goods and/or
Merchandise and/or Cargo of every description, including all packing materials and labels and the like when necessary for commercial purposes, or otherwise, or for which
the Contract Holder receive instructions to insure prior to shipment or prior to known or reported loss or accident, Including duties and/or taxes and/or Increased value
howsoever arising, the ordinary course of transit or otherwise, from any port or ports, place or places in the World, to any port or ports, place or places in the World,
including direct shipment or via ports and places in any order, mainly USA to Chile and vice versa, and that Seemann y Cia Ltda and/or Subsidiaries, are entitled to
declare against the said Contract insurances attaching thereto.
THIS CERTIFICATE REQUIRES
ENDORSEMENT IN THE EVENT OF
ASSIGNMENT
For the Council of Lloyd's
Dated at Lloyd's, London, Mon. 25 Jan, 2016
Conveyance Santa Cruz, 618E From SHANGHAI, CHINA © Lloyd's 2016

Via/To SHANGHAI, CHINA / CALLAO, PERU To LIMA, PERU

INSURED VALUE/Currency 6,085.00 USD

Marks and Numbers Interest

PSCI-000075 Induction Foil Sealing Machine / Flow Packing Machine
REFERENCIA: FW826 PRIMA USD 60,00

Shipment Date: Thu. 5 May, 2016

We hereby declare for Insurance under the said Contract interest as specified above so valued subject to the special conditions stated on the following pages.

Insured under conditions number C22159/2016 as shown below.

FULL POLICY TERMS AND CONDITIONS AVAILABLE UPON REQUEST BY CONTACTING THE LLOYD'S BROKER HANDLING THIS ACCOUNT, ADDRESS DETAILS AS BELOW, QUOTING
UMR B1347MC001500K.

*1 Institute Cargo Clauses (A) CL382 dated 1/1/09 or Institute Cargo Clauses (Air) (excluding sendings by Post) CL387 dated 1/1/09.
*2 Institute Frozen Food Clauses (A) (excluding Frozen Meat) (amended to chilled and temperature controlled where applicable) CL263 dated 1/1/86.
*3 Institute Frozen Food Clauses (C) (excluding Frozen Meat) (amended to chilled and temperature controlled where applicable) CL264 dated 1/1/86.
*4 Institute Frozen Meat Clauses (A) - 24 Hours Breakdown (amended to chilled and temperature controlled where applicable) CL324 dated 1/1/86.
*5 Institute Frozen Meat Clauses (C) - 24 Hours Breakdown (amended to chilled and temperature controlled where applicable) CL325 dated 1/1/86.

Institute Strikes Clauses (Cargo) CL386 dated 1/1/09 or Institute Strikes Clauses (Air Cargo) CL389 dated 1/1/09.
Institute Strikes Clauses (Frozen Food) (excluding Frozen Meat) (amended to chilled and temperature controlled where applicable) CL265 dated 1/1/86.
Institute Strikes Clauses (Frozen Meat) (amended to chilled and temperature controlled where applicable) CL326 dated 1/1/86.
Institute War Clauses (Cargo) CL385 dated 1/1/09 or Institute War Clauses (Air Cargo) (excluding sendings by Post) CL388 dated 1/1/09 or Institute War Clause (sendings by Post) CL390 dated
1/1/09.
Institute Classification Clause CL354 dated 1/1/01.
Institute Radioactive Contamination, Chemical, Biological, Bio-Chemical and
Electromagnetic Weapons Exclusion Clause (CL370) dated 10/11/03.
Institute Cyber Attack Exclusion Clause (CL.380) dated10/11/03.

Underwriters agree losses, if any, shall be payable to the order of DRAF MAQUINAS INDUSTRIALES E.I.R.L..
In the event of loss or damage which may result in a claim under this Insurance, immediate notice must be given to the Lloyd's Agent at the port or place where the loss
or damage is discovered in order that they may examine the goods and issue a survey report.
A full list of Lloyd's Agents can be found at www.lloydsagency.com
(Survey fee is customarily paid by claimant and included in valid claim against Underwriters.)

This Certificate not valid unless the Declaration be signed by Dated Mon. 30 May, 2016
Seemann y Cia Ltda and/or Subsidiaries

Signed Authorised Signatory

50792AMD
This is page 2 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
Institute Replacement Clause (CL161) dated1/1/34 extended to cover forwarding of parts by sea or air at Assured's option.

CARGO ISM ENDORSEMENT (JC98/019).

CARGO ISM FORWARDING CHARGES CLAUSE (FOR USE ONLV WITH JCC CARGO ISM ENDORSEMENT JC98/019) (JC98/023, 05 JUNE 1998).
CARGO ISPS ENDORSEMENT (JC2004/050, 04 NOVEMBER 2004).
CARGO ISPS FORWARDING CHARGES CLAUSE (FOR USE ONLY WITH JCC CARGO
ISPS ENDORSEMENT JC2004/050) (JC2004/050B, 04 NOVEMBER 2004).

EXCLUDED GOODS
Notwithstanding the above, in no case shall this insurance cover Deeds, Securities, Treasury Notes and the like, Designs, Patterns, Plans, Manuscripts and all other Documents and Money
(including Bank Notes and Coins), Stamps, Duty Stamps, Tickets, Livestock, Bloodstock, Living Creatures, Gold Bars, Private Household Goods & Personal Effects, Skins, Reactive Materials and
the like.
INCLUDING
Including second-hand and/or used Interests and/or Interests which are not new (collectively hereinafter called "Second-hand Interests").
reconditioned, refurbished or remanufactured Interests or Interests which have been subject to a similar restoration process (as defined in the "Reconditioned Interests Clause" herein.
BULK INTEREST
It is a condition precedent to the Insurer's liability under this Contract
that Bulk Interests unless carried in ISO Tank Containers or purpose built road or rail tank conveyances are declared to and agreed by Insurers prior to the attachment of risk under this Contract.
SHIPMENTS CLAUSE
Shipments are covered hereunder whether containerised or otherwise and whether on or under deck all irrespective of Bill of Lading instructions.
ACCUMULATION CLAUSE
Should there be an accumulation of interests beyond the limits expressed in this Contract by reason of any interruption of the transit and/or an occurrence beyond the control of the Assured and/or
by reason of any casualty and/or at a transhipping point and/or on a connecting vessel or conveyance it is agreed that such excess interest is covered
hereunder subject to Insurers’ liability being limited to a maximum of 200% of the Contract limits contained herein.
The above limits and/or sub-limits and/or any other limits or sub-limits stated in this Contract shall apply on a "first loss" basis and the Contract Holder has privilege to effect specific insurance in
respect of any excess amounts without prejudice to this insurance.
A location is defined as "each warehouse or place of storage or complex of buildings constituting one set of premises, including craft and rail or road conveyances at or alongside such premises".
CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 EXCLUSION CLAUSE
The Provisions of the Contracts (Rights of Third Parties) Act 1999 do not apply to this insurance nor any certificate(s) of insurance issued hereunder. Neither this insurance nor any certificates
issued hereunder confer any benefits on any third parties. No third parties may enforce any term of this insurance or of any certificate issued hereunder. This clause shall not affect the rights of
the Assured (as assignee or otherwise) or the rights of any loss payee.
This insurance shall, unless provided for to the contrary in this section or elsewhere in this Contract, insure against "All Risks" of loss of or damage to the Interest insured in accordance with the
Institute Cargo Clauses (A) or Institute Cargo Clauses (Air) as applicable.
Including cover in respect of the risks of war and the risks of strikes, riots and civil commotions which shall be granted under this insurance in accordance with the relevant Institute War Clauses and
Institute Strikes Clauses but notwithstanding anything contained or implied in this Contract to the contrary, the Duration of cover in respect of War risks shall be in accordance with the relevant
Institute War Clauses.
ARMS, AMMUNITION AND EXPLOSIVES CLAUSE
In respect of arms, ammunition and explosives; cover hereunder shall be subject to the following terms conditions warranties limitations exceptions and exclusions:
1. Warranted that all appropriate documentation such as (but without prejudice to the generality of this clause) import and/or export permits and licences, shall be in good order prior to the
attachment of risk under this Contract.
2. Warranted that the IMDG Code and other IMO Codes of safe practice are adhered to.
3. Warranted all firing mechanisms, fuses, detonators and the like are handled and stowed completely separately from any explosive items.
ATTACHMENT/TERMINATION OF TRANSIT CLAUSE
Unless provided for to the contrary in this section or elsewhere in this Contract this insurance commences and terminates in accordance with the provisions of the Institute Clauses incorporated
herein subject to the following extensions:

1. Including during loading onto the carrying conveyance immediately prior to despatch and unloading from the carrying conveyance immediately after arrival at the Consignee's premises.
2. Including in respect of containerised cargo during the stuffing and unstuffing of the container.
3. Including where customary during transhipment.
4. Including whilst during delays in transit but only where such delays are beyond the control of the Assured.
5. Including Shipments whilst being returned to the Consignor for any reason (hereinafter called "Returned Shipments"). See Returned Shipments Clause.

6. References to 60 days in the Duration section of the Institute Cargo Clauses (A) and the Institute Strikes Clauses (Cargo) are hereby amended to read 120 days. References to 30 days in
the Duration section of the Institute Cargo Clauses (Air) and the Institute Strikes Clauses (Air Cargo) are hereby amended to read 60 days.
7. In respect of all transits insured hereunder, privilege is hereby granted to the Assured or the Contract Holder to elect to place the Interest into a warehouse or other place of storage during the
course of the insured transit for any reason for a period not exceeding 14 days. For the purposes of this insurance, such a period of storage shall be deemed to be in the ordinary course of transit.
This is page 3 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
8. Including, on terms and conditions to be agreed by Insurers prior to that attachment of risk hereunder, Interests whilst at the premises of independent third party contractors such as (but
without prejudice to the generality of this Clause) repairers, assemblers and printers.
9. Including, in respect of plant or machinery or equipment insured hereunder whilst in transit to a construction site and on terms and conditions to be agreed by Insurers prior to that attachment of
risk hereunder, during any subsequent movements after arrival at the site for the express purposes of positioning said item(s) to the specific point of erection and/or installation at the site.
10. With respect to shipments to South America, notwithstanding anything contained elsewhere herein to the contrary, cover is extended to include a period of up to 60 days whilst in Customs
Warehouse at port of destination and thence until the goods are finally delivered to final warehouse at destination. Warranted that storage in Customs Warehouse is not undertaken at the request of
the Assured.
BRANDS AND TRADE MARKS CLAUSE
In the case of damage to the subject matter insured bearing a brand or trade mark, the sale of which carries or implies the guarantee of the manufacturer and/or supplier and/or the Assured or their
goodwill collectively or independently, the salvage value of such subject matter insured shall be determined only after the removal of brand and/or trade marks.
On containers from which the brand or trademark cannot be removed, contents shall be transferred to plain bulk containers. With respect to any merchandise and/or containers from which it is
impractical to destroy all evidence of the Insured's connection therewith, this Insurer agrees to consult with the Insured with respect to the disposition of said merchandise and/or containers.
CONCEALED DAMAGE CLAUSE
Subject to the terms and conditions of this insurance, in the event of delay in opening containers, cases or other packages at the Assured's premises loss of or damage to the subject matter insured
discovered on opening shall be deemed to have occurred during the currency of this Contract and shall be recoverable hereunder unless conclusive proof to the contrary be established by Insurers.
Any container and/or case and/or package showing signs of damage shall be opened immediately on arrival at final destination.
The period under this extension is limited to 90 days after arrival at final destination.
CUTTING CLAUSE
In the event of a claim for breakage, chipping, cracking, bending, denting or any other damage provided this be of a nature that it is practicable to use the sound portion(s) for the purpose for which
they were originally intended Insurers shall be liable only for the damaged parts of each pipe, reel, coil, rod, sheet or similar unit and this insurance shall pay only for their proportionate values
together with the costs of cutting.
DEBRIS REMOVAL CLAUSE
This insurance is extended to cover in addition to other amount(s) recoverable under this insurance extra expenses reasonably incurred by the Assured for the removal and disposal of debris of the
Interest insured or part thereof by reason of damage thereto caused by an insured peril but excluding absolutely, any expenses incurred in consequence of or to prevent or to mitigate pollution or
contamination or any threat thereat or liability therefore, and the cost of removal of cargo from any vessel or craft.
In no case shall Insurers be liable under this Clause for more than the original insured value of the Interest or USD 25,000 whichever the lesser.
DELIBERATE DAMAGE POLLUTION HAZARD CLAUSE
Cover is hereby extended to include the physical loss of or damage to the Interest insured caused by governmental authorities acting for the public welfare to prevent or mitigate a pollution hazard or
threat thereof provided that the accident or occurrence creating the situation which required such governmental action is an insured peril hereunder.
This Clause does not extend to include any third party liability that may arise from such an occurrence.
DEMURRAGE CLAUSE
If the Assured is directed by this Insurer to hold an intermodal container and if the Assured is assessed a late penalty and/or demurrage charge for the holding of the intermodal container past the
return date, this Insurer will pay late penalties and/or demurrage charges. The amount this Insurer will pay shall be the charges assessed until such time this Insurer and Assured agree that the
container can be released.
In the event of loss of or damage to the Interest insured the Assured, in consultation with Insurers, has the option to destroy and/or dispose of the salvage subject to agreeing market value for
crediting to Insurers.
DIFFERENCE IN CONDITIONS/LIMITS CLAUSE
It is agreed that where the Assured is obligated by legislation or otherwise to arrange insurance locally, they shall continue to have the full benefit of this insurance in respect to difference in perils,
assured, definitions, conditions and/or limits.
It is agreed that nothing in this clause shall be construed to extend the obligation of this Insurer to pay more than the limit(s) of liability set forth elsewhere in this Contract.
DUTY/TAXES CLAUSE
It is understood and agreed that this Contract also covers, subject to Contract terms and conditions, the risk of partial loss by reason of perils insured against on:

(A) The duties and/or taxes imposed on goods insured hereunder,

(B) The Assured's liability for the payment of duty, following loss of or damage to the insured interest recoverable hereunder, to the Authority of any country through which the interest may pass
prior to coming within the jurisdiction of the country of destination.

It is further understood and agreed, however, that when the risk upon the goods continues beyond the time of landing from the overseas vessel, the increased value consequent upon the payment
of such duty and/or taxes, shall attach as an additional insurance upon the goods from the time such duty and/or taxes is paid or becomes due, to the extent of the amounts thereof actually paid or
payable.
Any limit of liability for duty expressed in this Contract shall be applied separately to such increased value.
The Assured warrants that on all shipments insured hereunder a separate amount shall be reported sufficient to cover the said duty and/or taxes, upon which the rate of premium shall be an agreed
percentage of the merchandise rate.
The Assured will, in all cases, use reasonable efforts to obtain abatement or refund or duties and/or taxes paid or claimed in respect of goods lost, damage or destroyed. It is further agreed that the
Assured shall, when Insurers so elect, surrender the merchandise to the customs authorities and recover duties and/or taxes thereon as provided by law, in which event the claim under
this Contract shall be only for total loss of the merchandise so surrendered and expenses.
This is page 4 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
ENDORSED BILLS OF LADING CLAUSE
This insurance shall not be prejudiced solely by reason of the marking of the Bill of Lading (or like document) with a clause indicating Interest insufficiently packed.
ERRORS AND OMISSIONS CLAUSE
Unintentional errors or omissions in the making of declarations shall not invalidate this insurance provided steps are taken to rectify these as soon as they come to the notice of the Assured or the
Contract Holder but subject always to cover terms and limitations.
FUMIGATION CLAUSE
In the event of loss or damage to the subject matter insured caused by fumigation, these insurers agree to indemnify the Assured for such loss or damage, and the Assured hereby agrees to
subrogate to these Insurers any recourse they may have for recovery of such loss or damage from others, but this clause does not extend to cover loss or damage caused by customary
fumigation applied prior to or at inception of risk.
GENERAL AVERAGE AND SALVAGE CLAUSE
This insurance covers General Average, Salvage and Salvage Charges, adjusted or determined according to the contract of Affreightment and/or governing law and practice, incurred to avoid or in
the connection with the avoidance of loss recoverable hereunder.
For the purpose of claims for General Average Contribution and Salvage Charges recoverable hereunder the subject matter insured shall be deemed to be insured for its full contributory value with
any claims arising hereunder recoverable in full irrespective of any excess or deductible hereunder.
Where there is a retention by the Assured, Insurers agree to provide security on behalf of the Assured.
HEATING SWEATING AND CONDENSATION CLAUSE
Notwithstanding the exclusion of inherent vice in the Institute Clauses cover is hereby extended to include loss of or damage to the Interest insured caused by heating, sweating and condensation
howsoever arising.
This Clause does not apply to Second-hand Interests, bulk cargo, coal, cement, metal goods, tinned goods, drummed cargo, temperature sensitive and/or perishable goods.

INCREASED VALUE ON ARRIVAL CLAUSE

Where applicable Insurers to pay increased value on arrival through the payment of freight and/or duty and/or landing and similar charges if incurred, provided always that such amounts are included
in the insured value declared and premium paid thereon.
It is a condition of the Assured's right of recovery hereunder that the Assured agrees to take all reasonable steps to obtain a refund of such charges and return the net amount to Insurers.
INSOLVENCY EXCLUSION CLAUSE (JC93)
The exclusion "loss damage or expense arising from insolvency or financial default of the owners, managers, charterers or operators of the vessel" is amended to read as follows:
"In no case shall this insurance cover loss damage or expense arising from insolvency or financial default of the owners managers charterers or operators of the vessel where the Assured are
unable to show, prior to the loading of the Interest insured on board the vessel, all reasonable practicable and prudent measures were taken by the Assured, their servants and agents, to establish
the financial reliability of the party in default
This exclusion shall not apply where this insurance has been assigned to the party claiming hereunder who has bought or agreed to buy the Interest insured in good faith under a binding contract"
LABELS CLAUSE
In the event of damage from a peril insured against affecting labels, capsules or wrappers, the loss to be limited to an amount sufficient to pay the cost of new labels, capsules or wrappers and the
cost of re-labelling and reconditioning the subject matter insured, provided that such costs relate to a claim recoverable in terms of the Contract
In no event shall this Insurer be liable for more than the insured value of the damaged subject matter insured.

CHOICE OF LAW AND JURISDICTION

This Insurance shall be governed by and construed in accordance with the law of England and Wales and each party agrees to submit to the exclusive jurisdiction of the Courts of England and
Wales.
This is page 5 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
IMPORTANT INSTRUCTIONS IN THE EVENT OF A CLAIM
DOCUMENTATION OF CLAIMS IMPORTANT
LIABILITY OF CARRIERS, BAILEES OR OTHER THIRD PARTIES
To enable claims to be dealt with promptly, the Assured or their Agents are advised to submit all It is the duty of the Assured and their Agents, in all cases, to take such measures as may be reasonable
available supporting documents without delay, including when applicable. for the purpose of averting or minimising a loss and to ensure that all rights against Carriers, Bailees or
other third parties are properly preserved and exercised. In particular, the Assured or their Agents are
required:-
1. Original policy or certificate of insurance. 1. To claim immediately on the Carriers, Port Authorities or other Bailees for any missing packages.

2. Original or copy shipping invoices, together with shipping specification and/or weight notes. 2. In no circumstances, except under written protest, to give clean receipts where goods are in
doubtful conditon.
3. When delivery is made by Container, to ensure that the Container and its seals are examined
3. Original Bill of Lading and/or other contract of carriage. immediately by their responsible official. If the Container is delivered damaged or with seals broken
or missing or with seals other than as stated in the shipping documents, to clause the delivery
4. Survey report or other documentary evidence to show the extent of the loss or damage. receipt accordingly and retain all defective or irregular seals for subsequent indentification.
5. Landing account and weight notes at final destination. 4. To apply immediately for survey by Carriers' or other Bailees' Representatives if any loss or
damage be apparent and claim on the Carriers or other Bailees for any actual loss or damage
6. Correspondence exchanged with the Carriers and other parties regarding their liability for the
found at such survey.
loss or damage. 5. To give notice in writing to the Carriers or other Bailees within 3 days of delivery if the loss or
damage was not apparent at the time of taking delivery.
Note:- The Consignee or their Agents are recommended to make themselves familiar with the Regulations
of the Port Authorities at the port of discharge.

NOTE: The Institute Clauses incorporated herein are deemed to be those current at the time of commencement of the risk.
It is necessary for the Assured when they become aware of an event which is "held covered" under this Insurance to give prompt notice to Underwriters and the right to such cover is
dependent upon compliance with this obligation.
Lloyd's Agents referred to herein are not insurers and are not liable for claims arising on this Certificate. The service of legal proceedings upon Lloyd's Agents is not effective service for
the purpose of starting legal proceedings against Underwriters.
Lloyd’s is authorised under the Financial Services and Markets Act 2000 and regulated by the Financial Conduct Authority and Prudential Regulation Authority
COPY CLAIMS SETTLEMENT INSTRUCTIONS
In the event of claim all supporting documents must be sent to:-
This is page 1 of a 5 page Certificate issued under Speedwell Insurance Brokers Limited
Lloyd's reference / Policy Number C22159/2016. 148, Leandenhall Street,
In the event of loss or damage the beneficiary must be London EC3V 4QT .
in possession of the complete Certificate. claims@speedwellinsurancebrokers.co.uk

LLOYD'S ELECTRONIC CERTIFICATION SCHEME

This Certificate of Insurance has been issued under Lloyd's Electronic Cargo Certificate Scheme. The Declaration against the Contract detailed below may be verified at
www.leccerts.lloyds.com quoting the Certificate Number, Security Id and one other piece of variable information which will be requested at the time of verification.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
This is to Certify that there has been deposited with the Council of Lloyd's a Contract effected by Speedwell Insurance Brokers Limited
(B1347MC001500K), of Lloyd's, acting on behalf of Seemann y Cia Ltda and/or Subsidiaries, with Underwriters at Lloyd's, for insurances attaching thereto
during the period commencing the First day of January, 2016, and ending the Thirtieth day of November, 2016, both days inclusive, and that the said
Underwriters have undertaken to issue to Speedwell Insurance Brokers Limited (B1347MC001500K), Policy/Policies of Insurance at Lloyd's to cover, up to
$7,500,000.00 USD (or equivalent in other currencies), in all by any one means of land, water and air conveyances, including connecting conveyances, Goods and/or
Merchandise and/or Cargo of every description, including all packing materials and labels and the like when necessary for commercial purposes, or otherwise, or for which
the Contract Holder receive instructions to insure prior to shipment or prior to known or reported loss or accident, Including duties and/or taxes and/or Increased value
howsoever arising, the ordinary course of transit or otherwise, from any port or ports, place or places in the World, to any port or ports, place or places in the World,
including direct shipment or via ports and places in any order, mainly USA to Chile and vice versa, and that Seemann y Cia Ltda and/or Subsidiaries, are entitled to
declare against the said Contract insurances attaching thereto.
THIS CERTIFICATE REQUIRES
ENDORSEMENT IN THE EVENT OF
ASSIGNMENT
For the Council of Lloyd's
Dated at Lloyd's, London, Mon. 25 Jan, 2016
Conveyance Santa Cruz, 618E From SHANGHAI, CHINA © Lloyd's 2016

Via/To SHANGHAI, CHINA / CALLAO, PERU To LIMA, PERU

INSURED VALUE/Currency 6,085.00 USD

Marks and Numbers Interest

PSCI-000075 Induction Foil Sealing Machine / Flow Packing Machine
REFERENCIA: FW826 PRIMA USD 60,00

Shipment Date: Thu. 5 May, 2016

We hereby declare for Insurance under the said Contract interest as specified above so valued subject to the special conditions stated on the following pages.

Insured under conditions number C22159/2016 as shown below.

FULL POLICY TERMS AND CONDITIONS AVAILABLE UPON REQUEST BY CONTACTING THE LLOYD'S BROKER HANDLING THIS ACCOUNT, ADDRESS DETAILS AS BELOW, QUOTING
UMR B1347MC001500K.

*1 Institute Cargo Clauses (A) CL382 dated 1/1/09 or Institute Cargo Clauses (Air) (excluding sendings by Post) CL387 dated 1/1/09.
*2 Institute Frozen Food Clauses (A) (excluding Frozen Meat) (amended to chilled and temperature controlled where applicable) CL263 dated 1/1/86.
*3 Institute Frozen Food Clauses (C) (excluding Frozen Meat) (amended to chilled and temperature controlled where applicable) CL264 dated 1/1/86.
*4 Institute Frozen Meat Clauses (A) - 24 Hours Breakdown (amended to chilled and temperature controlled where applicable) CL324 dated 1/1/86.
*5 Institute Frozen Meat Clauses (C) - 24 Hours Breakdown (amended to chilled and temperature controlled where applicable) CL325 dated 1/1/86.

Institute Strikes Clauses (Cargo) CL386 dated 1/1/09 or Institute Strikes Clauses (Air Cargo) CL389 dated 1/1/09.
Institute Strikes Clauses (Frozen Food) (excluding Frozen Meat) (amended to chilled and temperature controlled where applicable) CL265 dated 1/1/86.
Institute Strikes Clauses (Frozen Meat) (amended to chilled and temperature controlled where applicable) CL326 dated 1/1/86.
Institute War Clauses (Cargo) CL385 dated 1/1/09 or Institute War Clauses (Air Cargo) (excluding sendings by Post) CL388 dated 1/1/09 or Institute War Clause (sendings by Post) CL390 dated
1/1/09.
Institute Classification Clause CL354 dated 1/1/01.
Institute Radioactive Contamination, Chemical, Biological, Bio-Chemical and
Electromagnetic Weapons Exclusion Clause (CL370) dated 10/11/03.
Institute Cyber Attack Exclusion Clause (CL.380) dated10/11/03.

Underwriters agree losses, if any, shall be payable to the order of DRAF MAQUINAS INDUSTRIALES E.I.R.L..
In the event of loss or damage which may result in a claim under this Insurance, immediate notice must be given to the Lloyd's Agent at the port or place where the loss
or damage is discovered in order that they may examine the goods and issue a survey report.
A full list of Lloyd's Agents can be found at www.lloydsagency.com
(Survey fee is customarily paid by claimant and included in valid claim against Underwriters.)

This Certificate not valid unless the Declaration be signed by Dated Mon. 30 May, 2016
Seemann y Cia Ltda and/or Subsidiaries

Signed Authorised Signatory

50792AMD
This is page 2 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
Institute Replacement Clause (CL161) dated1/1/34 extended to cover forwarding of parts by sea or air at Assured's option.

CARGO ISM ENDORSEMENT (JC98/019).

CARGO ISM FORWARDING CHARGES CLAUSE (FOR USE ONLV WITH JCC CARGO ISM ENDORSEMENT JC98/019) (JC98/023, 05 JUNE 1998).
CARGO ISPS ENDORSEMENT (JC2004/050, 04 NOVEMBER 2004).
CARGO ISPS FORWARDING CHARGES CLAUSE (FOR USE ONLY WITH JCC CARGO
ISPS ENDORSEMENT JC2004/050) (JC2004/050B, 04 NOVEMBER 2004).

EXCLUDED GOODS
Notwithstanding the above, in no case shall this insurance cover Deeds, Securities, Treasury Notes and the like, Designs, Patterns, Plans, Manuscripts and all other Documents and Money
(including Bank Notes and Coins), Stamps, Duty Stamps, Tickets, Livestock, Bloodstock, Living Creatures, Gold Bars, Private Household Goods & Personal Effects, Skins, Reactive Materials and
the like.
INCLUDING
Including second-hand and/or used Interests and/or Interests which are not new (collectively hereinafter called "Second-hand Interests").
reconditioned, refurbished or remanufactured Interests or Interests which have been subject to a similar restoration process (as defined in the "Reconditioned Interests Clause" herein.
BULK INTEREST
It is a condition precedent to the Insurer's liability under this Contract
that Bulk Interests unless carried in ISO Tank Containers or purpose built road or rail tank conveyances are declared to and agreed by Insurers prior to the attachment of risk under this Contract.
SHIPMENTS CLAUSE
Shipments are covered hereunder whether containerised or otherwise and whether on or under deck all irrespective of Bill of Lading instructions.
ACCUMULATION CLAUSE
Should there be an accumulation of interests beyond the limits expressed in this Contract by reason of any interruption of the transit and/or an occurrence beyond the control of the Assured and/or
by reason of any casualty and/or at a transhipping point and/or on a connecting vessel or conveyance it is agreed that such excess interest is covered
hereunder subject to Insurers’ liability being limited to a maximum of 200% of the Contract limits contained herein.
The above limits and/or sub-limits and/or any other limits or sub-limits stated in this Contract shall apply on a "first loss" basis and the Contract Holder has privilege to effect specific insurance in
respect of any excess amounts without prejudice to this insurance.
A location is defined as "each warehouse or place of storage or complex of buildings constituting one set of premises, including craft and rail or road conveyances at or alongside such premises".
CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 EXCLUSION CLAUSE
The Provisions of the Contracts (Rights of Third Parties) Act 1999 do not apply to this insurance nor any certificate(s) of insurance issued hereunder. Neither this insurance nor any certificates
issued hereunder confer any benefits on any third parties. No third parties may enforce any term of this insurance or of any certificate issued hereunder. This clause shall not affect the rights of
the Assured (as assignee or otherwise) or the rights of any loss payee.
This insurance shall, unless provided for to the contrary in this section or elsewhere in this Contract, insure against "All Risks" of loss of or damage to the Interest insured in accordance with the
Institute Cargo Clauses (A) or Institute Cargo Clauses (Air) as applicable.
Including cover in respect of the risks of war and the risks of strikes, riots and civil commotions which shall be granted under this insurance in accordance with the relevant Institute War Clauses and
Institute Strikes Clauses but notwithstanding anything contained or implied in this Contract to the contrary, the Duration of cover in respect of War risks shall be in accordance with the relevant
Institute War Clauses.
ARMS, AMMUNITION AND EXPLOSIVES CLAUSE
In respect of arms, ammunition and explosives; cover hereunder shall be subject to the following terms conditions warranties limitations exceptions and exclusions:
1. Warranted that all appropriate documentation such as (but without prejudice to the generality of this clause) import and/or export permits and licences, shall be in good order prior to the
attachment of risk under this Contract.
2. Warranted that the IMDG Code and other IMO Codes of safe practice are adhered to.
3. Warranted all firing mechanisms, fuses, detonators and the like are handled and stowed completely separately from any explosive items.
ATTACHMENT/TERMINATION OF TRANSIT CLAUSE
Unless provided for to the contrary in this section or elsewhere in this Contract this insurance commences and terminates in accordance with the provisions of the Institute Clauses incorporated
herein subject to the following extensions:

1. Including during loading onto the carrying conveyance immediately prior to despatch and unloading from the carrying conveyance immediately after arrival at the Consignee's premises.
2. Including in respect of containerised cargo during the stuffing and unstuffing of the container.
3. Including where customary during transhipment.
4. Including whilst during delays in transit but only where such delays are beyond the control of the Assured.
5. Including Shipments whilst being returned to the Consignor for any reason (hereinafter called "Returned Shipments"). See Returned Shipments Clause.

6. References to 60 days in the Duration section of the Institute Cargo Clauses (A) and the Institute Strikes Clauses (Cargo) are hereby amended to read 120 days. References to 30 days in
the Duration section of the Institute Cargo Clauses (Air) and the Institute Strikes Clauses (Air Cargo) are hereby amended to read 60 days.
7. In respect of all transits insured hereunder, privilege is hereby granted to the Assured or the Contract Holder to elect to place the Interest into a warehouse or other place of storage during the
course of the insured transit for any reason for a period not exceeding 14 days. For the purposes of this insurance, such a period of storage shall be deemed to be in the ordinary course of transit.
This is page 3 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
8. Including, on terms and conditions to be agreed by Insurers prior to that attachment of risk hereunder, Interests whilst at the premises of independent third party contractors such as (but
without prejudice to the generality of this Clause) repairers, assemblers and printers.
9. Including, in respect of plant or machinery or equipment insured hereunder whilst in transit to a construction site and on terms and conditions to be agreed by Insurers prior to that attachment of
risk hereunder, during any subsequent movements after arrival at the site for the express purposes of positioning said item(s) to the specific point of erection and/or installation at the site.
10. With respect to shipments to South America, notwithstanding anything contained elsewhere herein to the contrary, cover is extended to include a period of up to 60 days whilst in Customs
Warehouse at port of destination and thence until the goods are finally delivered to final warehouse at destination. Warranted that storage in Customs Warehouse is not undertaken at the request of
the Assured.
BRANDS AND TRADE MARKS CLAUSE
In the case of damage to the subject matter insured bearing a brand or trade mark, the sale of which carries or implies the guarantee of the manufacturer and/or supplier and/or the Assured or their
goodwill collectively or independently, the salvage value of such subject matter insured shall be determined only after the removal of brand and/or trade marks.
On containers from which the brand or trademark cannot be removed, contents shall be transferred to plain bulk containers. With respect to any merchandise and/or containers from which it is
impractical to destroy all evidence of the Insured's connection therewith, this Insurer agrees to consult with the Insured with respect to the disposition of said merchandise and/or containers.
CONCEALED DAMAGE CLAUSE
Subject to the terms and conditions of this insurance, in the event of delay in opening containers, cases or other packages at the Assured's premises loss of or damage to the subject matter insured
discovered on opening shall be deemed to have occurred during the currency of this Contract and shall be recoverable hereunder unless conclusive proof to the contrary be established by Insurers.
Any container and/or case and/or package showing signs of damage shall be opened immediately on arrival at final destination.
The period under this extension is limited to 90 days after arrival at final destination.
CUTTING CLAUSE
In the event of a claim for breakage, chipping, cracking, bending, denting or any other damage provided this be of a nature that it is practicable to use the sound portion(s) for the purpose for which
they were originally intended Insurers shall be liable only for the damaged parts of each pipe, reel, coil, rod, sheet or similar unit and this insurance shall pay only for their proportionate values
together with the costs of cutting.
DEBRIS REMOVAL CLAUSE
This insurance is extended to cover in addition to other amount(s) recoverable under this insurance extra expenses reasonably incurred by the Assured for the removal and disposal of debris of the
Interest insured or part thereof by reason of damage thereto caused by an insured peril but excluding absolutely, any expenses incurred in consequence of or to prevent or to mitigate pollution or
contamination or any threat thereat or liability therefore, and the cost of removal of cargo from any vessel or craft.
In no case shall Insurers be liable under this Clause for more than the original insured value of the Interest or USD 25,000 whichever the lesser.
DELIBERATE DAMAGE POLLUTION HAZARD CLAUSE
Cover is hereby extended to include the physical loss of or damage to the Interest insured caused by governmental authorities acting for the public welfare to prevent or mitigate a pollution hazard or
threat thereof provided that the accident or occurrence creating the situation which required such governmental action is an insured peril hereunder.
This Clause does not extend to include any third party liability that may arise from such an occurrence.
DEMURRAGE CLAUSE
If the Assured is directed by this Insurer to hold an intermodal container and if the Assured is assessed a late penalty and/or demurrage charge for the holding of the intermodal container past the
return date, this Insurer will pay late penalties and/or demurrage charges. The amount this Insurer will pay shall be the charges assessed until such time this Insurer and Assured agree that the
container can be released.
In the event of loss of or damage to the Interest insured the Assured, in consultation with Insurers, has the option to destroy and/or dispose of the salvage subject to agreeing market value for
crediting to Insurers.
DIFFERENCE IN CONDITIONS/LIMITS CLAUSE
It is agreed that where the Assured is obligated by legislation or otherwise to arrange insurance locally, they shall continue to have the full benefit of this insurance in respect to difference in perils,
assured, definitions, conditions and/or limits.
It is agreed that nothing in this clause shall be construed to extend the obligation of this Insurer to pay more than the limit(s) of liability set forth elsewhere in this Contract.
DUTY/TAXES CLAUSE
It is understood and agreed that this Contract also covers, subject to Contract terms and conditions, the risk of partial loss by reason of perils insured against on:

(A) The duties and/or taxes imposed on goods insured hereunder,

(B) The Assured's liability for the payment of duty, following loss of or damage to the insured interest recoverable hereunder, to the Authority of any country through which the interest may pass
prior to coming within the jurisdiction of the country of destination.

It is further understood and agreed, however, that when the risk upon the goods continues beyond the time of landing from the overseas vessel, the increased value consequent upon the payment
of such duty and/or taxes, shall attach as an additional insurance upon the goods from the time such duty and/or taxes is paid or becomes due, to the extent of the amounts thereof actually paid or
payable.
Any limit of liability for duty expressed in this Contract shall be applied separately to such increased value.
The Assured warrants that on all shipments insured hereunder a separate amount shall be reported sufficient to cover the said duty and/or taxes, upon which the rate of premium shall be an agreed
percentage of the merchandise rate.
The Assured will, in all cases, use reasonable efforts to obtain abatement or refund or duties and/or taxes paid or claimed in respect of goods lost, damage or destroyed. It is further agreed that the
Assured shall, when Insurers so elect, surrender the merchandise to the customs authorities and recover duties and/or taxes thereon as provided by law, in which event the claim under
this Contract shall be only for total loss of the merchandise so surrendered and expenses.
This is page 4 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
ENDORSED BILLS OF LADING CLAUSE
This insurance shall not be prejudiced solely by reason of the marking of the Bill of Lading (or like document) with a clause indicating Interest insufficiently packed.
ERRORS AND OMISSIONS CLAUSE
Unintentional errors or omissions in the making of declarations shall not invalidate this insurance provided steps are taken to rectify these as soon as they come to the notice of the Assured or the
Contract Holder but subject always to cover terms and limitations.
FUMIGATION CLAUSE
In the event of loss or damage to the subject matter insured caused by fumigation, these insurers agree to indemnify the Assured for such loss or damage, and the Assured hereby agrees to
subrogate to these Insurers any recourse they may have for recovery of such loss or damage from others, but this clause does not extend to cover loss or damage caused by customary
fumigation applied prior to or at inception of risk.
GENERAL AVERAGE AND SALVAGE CLAUSE
This insurance covers General Average, Salvage and Salvage Charges, adjusted or determined according to the contract of Affreightment and/or governing law and practice, incurred to avoid or in
the connection with the avoidance of loss recoverable hereunder.
For the purpose of claims for General Average Contribution and Salvage Charges recoverable hereunder the subject matter insured shall be deemed to be insured for its full contributory value with
any claims arising hereunder recoverable in full irrespective of any excess or deductible hereunder.
Where there is a retention by the Assured, Insurers agree to provide security on behalf of the Assured.
HEATING SWEATING AND CONDENSATION CLAUSE
Notwithstanding the exclusion of inherent vice in the Institute Clauses cover is hereby extended to include loss of or damage to the Interest insured caused by heating, sweating and condensation
howsoever arising.
This Clause does not apply to Second-hand Interests, bulk cargo, coal, cement, metal goods, tinned goods, drummed cargo, temperature sensitive and/or perishable goods.

INCREASED VALUE ON ARRIVAL CLAUSE

Where applicable Insurers to pay increased value on arrival through the payment of freight and/or duty and/or landing and similar charges if incurred, provided always that such amounts are included
in the insured value declared and premium paid thereon.
It is a condition of the Assured's right of recovery hereunder that the Assured agrees to take all reasonable steps to obtain a refund of such charges and return the net amount to Insurers.
INSOLVENCY EXCLUSION CLAUSE (JC93)
The exclusion "loss damage or expense arising from insolvency or financial default of the owners, managers, charterers or operators of the vessel" is amended to read as follows:
"In no case shall this insurance cover loss damage or expense arising from insolvency or financial default of the owners managers charterers or operators of the vessel where the Assured are
unable to show, prior to the loading of the Interest insured on board the vessel, all reasonable practicable and prudent measures were taken by the Assured, their servants and agents, to establish
the financial reliability of the party in default
This exclusion shall not apply where this insurance has been assigned to the party claiming hereunder who has bought or agreed to buy the Interest insured in good faith under a binding contract"
LABELS CLAUSE
In the event of damage from a peril insured against affecting labels, capsules or wrappers, the loss to be limited to an amount sufficient to pay the cost of new labels, capsules or wrappers and the
cost of re-labelling and reconditioning the subject matter insured, provided that such costs relate to a claim recoverable in terms of the Contract
In no event shall this Insurer be liable for more than the insured value of the damaged subject matter insured.

CHOICE OF LAW AND JURISDICTION

This Insurance shall be governed by and construed in accordance with the law of England and Wales and each party agrees to submit to the exclusive jurisdiction of the Courts of England and
Wales.
This is page 5 of a 5 page Certificate issued under
Lloyd's reference / Policy Number C22159/2016.
In the event of loss or damage the beneficiary must be
in possession of the complete Certificate.

Certificate of Insurance No. 6517-2590-0011-2

Security Id: 6886-4053-3458-6479-6
IMPORTANT INSTRUCTIONS IN THE EVENT OF A CLAIM
DOCUMENTATION OF CLAIMS IMPORTANT
LIABILITY OF CARRIERS, BAILEES OR OTHER THIRD PARTIES
To enable claims to be dealt with promptly, the Assured or their Agents are advised to submit all It is the duty of the Assured and their Agents, in all cases, to take such measures as may be reasonable
available supporting documents without delay, including when applicable. for the purpose of averting or minimising a loss and to ensure that all rights against Carriers, Bailees or
other third parties are properly preserved and exercised. In particular, the Assured or their Agents are
required:-
1. Original policy or certificate of insurance. 1. To claim immediately on the Carriers, Port Authorities or other Bailees for any missing packages.

2. Original or copy shipping invoices, together with shipping specification and/or weight notes. 2. In no circumstances, except under written protest, to give clean receipts where goods are in
doubtful conditon.
3. When delivery is made by Container, to ensure that the Container and its seals are examined
3. Original Bill of Lading and/or other contract of carriage. immediately by their responsible official. If the Container is delivered damaged or with seals broken
or missing or with seals other than as stated in the shipping documents, to clause the delivery
4. Survey report or other documentary evidence to show the extent of the loss or damage. receipt accordingly and retain all defective or irregular seals for subsequent indentification.
5. Landing account and weight notes at final destination. 4. To apply immediately for survey by Carriers' or other Bailees' Representatives if any loss or
damage be apparent and claim on the Carriers or other Bailees for any actual loss or damage
6. Correspondence exchanged with the Carriers and other parties regarding their liability for the
found at such survey.
loss or damage. 5. To give notice in writing to the Carriers or other Bailees within 3 days of delivery if the loss or
damage was not apparent at the time of taking delivery.
Note:- The Consignee or their Agents are recommended to make themselves familiar with the Regulations
of the Port Authorities at the port of discharge.

NOTE: The Institute Clauses incorporated herein are deemed to be those current at the time of commencement of the risk.
It is necessary for the Assured when they become aware of an event which is "held covered" under this Insurance to give prompt notice to Underwriters and the right to such cover is
dependent upon compliance with this obligation.
Lloyd's Agents referred to herein are not insurers and are not liable for claims arising on this Certificate. The service of legal proceedings upon Lloyd's Agents is not effective service for
the purpose of starting legal proceedings against Underwriters.
Lloyd’s is authorised under the Financial Services and Markets Act 2000 and regulated by the Financial Conduct Authority and Prudential Regulation Authority