25-64121511-ITB Ocean Marine Open Cargo Attachment M Expiring Open Cargo Policy.pdf

Solicitation No. 25-64121511-ITB Attachment M

Open Cargo Policy

OMC 383-90-71

The current expiring Open Cargo Policy No. OMC 383-90-71 is provided on the following pages.

GREATMERICAN.

INSURANCE COMPANIES

ENDORSEMENT NO. 30

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 383-90-71 OF THE GREAT AMERICAN INSURANCE

COMPANY OF NEW YORK.

ISSUED TO: STATE OF FLORIDA

EFFECTIVE: 7/2/2014

IN CONSIDERATION OF THE ADDITIONAL PREMIUM OF $3,622. PLUS $47.09 FHCF (1.3% FHCF). IT IS HEREBY UNDERSTOOD AND AGREED THAT COVERAGE IS PROVIDED PER THE TERMS AND CONDITIONS OF THIS POLICY FOR THE FOLLOWING:

Terms and conditions of the Open Cargo Policy shall apply to this shipment.

Dates of Coverage: July 9th, 2014 - once transit begins, unit, on or about August I I", 2014, when the transit terminates.

Agency: University of South Florida

Cargo: Multiple shipments of seismic equipment for study in Idaho. Each shipment is unique and it is warranted that each shipment shall carried out as per the six State Purchasing Shipment requests for this project as per the documents provided to the underwriter for quoting purposes, including valuation amendment supplied to underwriter on July 8, 2014.

Transit: Tampa, Fl. and/or Stillwater, OK. to Salt Lake City, UT. via air. Land transit via Field Geophysics Staff to vicinity of Mackay. Idaho then transferred to Dr. Paul Wetmore for data collection in the vicinity of Arco, Idaho. All equipment to be kept by Dr. Wetmore or other Field Staff in overnight lodgings.

Warranted:

* Cargo to be packed and shipped in manufacturer's case.

Limit: As per Cargo description and valuation as provided to underwriter Total Insured value @ $ 264,200

Deductible: $1.500 per transit, except for breakage, marring, chipping, cracking, mechanical derangement, and lor calibration $ 2,500.

Coverage: All Risk as per the existing policy.

Premium: $3,622 (Plus 1.3 % FHCF) for all transits as provided in each Coverage Request as provided to underwriter. Coverage is provided for round trip transits. Premium also includes the duration between these dates while the cargo is under the control of the USF researcher, and while not in use, in a secure location, with the USF researcher.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Date: ( / Countersigned by:

A horized Representative

ARTH R J. GALLAGHER

504092

GREATmERICAN.

ENDORSEMENT NO. 28

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 383-90-71 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK.

ISSUED TO: STATE OF FLORIDA

EFFECTIVE: 7/2/2013

IN CONSIDERATION OF THE ADDITIONAL PREMIUM OF $641.00 PLUS $8.33 FHCF

(1.3% FHCF). IT IS HEREBY UNDERSTOOD AND AGREED THAT COVERAGE IS

PROVIDED PER THE TERMS AND CONDITIONS OF THIS POLICY FOR THE

FOLLOWING: Terms and conditions of the Open Cargo Policy shall apply to this shipment.

Dates of Coverage: June 14th 2014 up to and including August 10, 2014.

Agency: Florida Atlantic University

Cargo: Roundtrip Carriage of eleven (11) pieces of Scientific Equipment for air transit to Little Cayman Island, W.I. from Miami, Florida and the return trip via Cayman Airways. Coverage shall remain in force while in Little Cayman including while onboard research vessels so long as under the control of Dr. Marguerite Koch or graduate students, Kate Peach or Liz Dutra.

Coverage: Coverage remains in force from the time the cargo is placed in the care of the Cayman Airways at Miami International Airport to pick up by Dr. Koch from the air carrier in Little Cayman and will remain in force for the duration of the period, so long as kept in use, it is warranted that the equipment shall be kept at the Central Caribbean Marine Institute, in a secured and air conditioned lab facility. The equipment shall then make the return trip to Miami international Airport, until it is received back from Cayman Airways by Dr. Koch.

Limit:As per description and valuation as provided to underwriter total Insured Value of $37,730.

Deductible: $1,000. PER OCCURRENCE

Warranted: Instruments shall be sent via Cayman Airways as checked baggage or carry on where possible. The Instrument shall be packed and carried for each transit, foam lines pelican cases appropriate to protect the instuments to withstand the rigors of international transit.

Excluded: Normal wear and tear, marring, chipping, scratching, mechanical derangement, and / or resulting bad calibration.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Date: S U I4 Countersigned by: 44i 1h q "4z CAT IAuthorized Represntative

ARTHUR J. GALLAGHER

GREATAMERIC1JV

ENDORSEMENT NO. 13

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 383-90-71 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK.

ISSUED TO: STATE OF FLORIDA

EFFECTIVE: 7/02/2011

IN CONSIDERATION OF THE ADDITIONAL PREMIUM OF $980.00 PLUS $12.74 FHCF

(1.3% FHCF). IT IS HEREBY UNDERSTOOD AND AGREE[) THAT COVERAGE IS

PROVIDED PER THE TERMS AND CONDITIONS OF THIS POLICY FOR THE

FOLLOWING:

SHIPMENT DATE: JUNE 8, 2012 VIA UPS AND WILL LEAVE BERGEN, NORWAY ON

JULY 16, 2012 WITH AN EXPECTED ARRIVAL IN MIAMI ON JUL Y 20, 2012.

COVERAGE DATES: JUNE 8, 2012 THRU JULY 20, 2012

AGENCY: FIU

CARGO: 2011 300M STD DIDSON - DUAL FREQUENCY IDENT][F[CATION SONAR

LIMIT: $ 75,000.

DEDUCTIBLE: $500. PER OCCURRENCE

COVERAGE IS PROVIDED FOR TRANSIT FROM THE FIU CAMPUS IN MIAMI, FL. TO

BERGEN, NORWAY BEGINNING ON OR ABOUT JUNE 8, 20 12 VIA UPS. INCLUDING

THE RETURN TRANSIT FROM BERGEN, NORWAY TO MIAM/I, FL. ON JULY 16, 2012

WITH AN EXPECTED ARRIVAL DATE IN MIAMI, FL. ON OR ABOUT JULY 20, 2012.

PREMIUM ALSO INCLUDES THE DURATION BETWEEN THESE DATES WHILE THE

CARGO IS BEING DEPLOYED FOR THE 6 WEEKS DURATION AT THE INSTITUTE OF

MARINE RESEARCH IN AUSTEVOLL, NORWAY.

WARRANTED THIS EQUIPMENT IS MONITORED CONSTANTLY AS THE

RESEARCHERS ARE WORKING 24 HOUR SHIFT. SONAR WILL NOT BE DEPLOYED

AND/OR USED UNDER EXTREME WEATHER. IT IS FURTHER WARRANTED SONAR

WILL BE USED ATTACHED TO DOCK DURING DEPLOYMENT.

WARRANTED: THE CARGO SHALL BE CARRIED BY A SUPERCARGO ON BOTH

TRANSITS. ALL CARGOES ARE PROPERLY PREPARED) AND PACKED FOR

SHIPMENT IN A MANNER SUITABLE FOR THE SUBJECT CARGO TO ENDURE THE

TYPICAL RIGORS OF THE INTENDED TRANSIT.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.,,

Date:']~'~~ Countersigned by: INI r A thorized Representalye

GREATAMERICAN

ENDORSEMENT NO. 12

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 383-90-71 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK.

ISSUED TO: STATE OF FLORIDA

EFFECTIVE: 07/02/2011

IN CONSIDERATION OF THE ADDITIONAL PREMIUM OF $520.00 PLUS $6.76 FHCF

(1.3% FHCF). IT IS HEREBY UNDERSTOOD AND AGREED THAT COVER-AGE IS

PROVIDED PER THE TERMS AND CONDITIONS OF THIS POLICY FOR THE

FOLLOWING:

SHIPMENT DATE : FEBRUARY 15, 2012 THRU MARCH 17, 2012

AGENCY: UNIVERSITY OF SOUTH FLORIDA

CARGO: MONOCHROME FASTCAM CAMERA W/ LENSES, TRIPOD EXPANSION

SYSTEM AND LAPTOP

LIMIT: $ 50,000.

DEDUCTIBLE: $500. PER OCCURRENCE

COVERAGE IS PROVIDED FOR TRANSIT FROM USF CAMPUS IN TAMPA, FL. TO THE

SOUTH AFRICAN NATIONAL BIODIVERSITY INSTITUTE IN CAPE TOWN, SOUTH

AFRICA. CARGO WILL BE TRANSPORTED AS A CARRY ON BAGGAGE IN THE

LOCKED CASES DURING BOTH TRANSITS. DURATION OF TRAVEL WILL BE FROM

FEBRUARY 15, 2012 THRU MARCH 17, 2012, INCLUDING THE RETURN TRANSIT TO

TAMPA, FL. ON MARCH 17, 2012. PREMIUM ALSO INCLUDES THE DURATION

BETWEEN THESE DATES WHILE THE CARGO IS UNDER THE CONTROL OF THE USE

GRAD STUDENT (Mr. Anderson), AND WHILE NOT IN USE, THE CARGO WILL BE

KEPT IN LOCKED, PADDED CASE IN LOCKED ROOM.

WARRANTED: THE CARGO SHALL BE CARRIED BY A SUPERCARGO ON BOTH

TRANSITS. ALL CARGOES ARE PROPERLY PREPARED AND PACKED FOR

SHIPMENT IN A MANNER SUITABLE FOR THE SUBJECT CARGO TO ENDURE THE

TYPICAL RIGORS OF THE INTENDED TRANSIT.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Date: DO I 2rCountersigned by: k.!4d4K \4itk*-L"4A Authorized Reprtsentative

GREAMERICAN

ENDORSEMENT NO. 11I

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 383-90-71 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK.

ISSUED TO:

EFFECTIVE:

STATE OF FLORIDA

03/18/2011

IT IS HEREBY UNDERSTOOD AND AGREED THAT NON WITHSTANDING ANYTHING

TO THE CONTRARY IN THIS POLICY, THAT THE ANNUAL ANNIVERSARY DATE

SHALL BE 7/2/2011.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

A7

Date: 2o 'CounfrCigned by:___________ Aorized Representative

ENDORSEMENT NO. 10

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 383-90-71 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK.

ISSUED TO: STATE OF FLORIDA

POLICY TERM: 03/18/2010 TO 03/18/2011

In Consideration of a return premium of $467. plus $4.67 FHCF, it is hereby understood and agreed that coverage provided under Endorsement No. 9 is cancelled effective 11/11/2010 due to the vessel "Seward Johnson" being sold.

Minimum Premium of $5,000. applies.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Date: 14 9C Ik Countersigned by: 'e./(CL,, Vou., Uhe'C/ U0 AL horized Representatixt

ENDORSEMENT NO. 9

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 383-90-71 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK.

ISSUED TO: STATE OF FLORIDA

EFFECTIVE: 07/02/2010

In Consideration of an additional pro-rata premium of $5,467. (Plus 1% FHCF), It is hereby understood and agreed that coverage is provided per the terms and conditions of this policy for the following:

TERM: 07/02/2010 TO 03/18/2011

AGENCY: FLORIDA ATLANTIC UNIVERSITY

LOSS PAYEE: UNIVERSITY OF MIAMI

CARGO: Oceanographic instrumentation to be used on board R/V Seward Johnson. Schedule on file with the Underwriter.

RATE : .40 per $100 value, for each transit LIMIT: Agreed values of $1,942,549. as per schedule on file with the Underwriter.

DEDUCTIBLE: $1,000 per occurrence for loss not exceeding $25,000

$2,500 per occurrence for loss between $25,001 and $50,000 $5,000 per occurrence for loss between $50,001 and $100,000 $7,500 per occurrence for loss between $100,001 and $150,000 $10,000 per occurrence for loss in excess of $150,001

PREMIUM : $7,700 annual (Plus 1% FHCF) for transit aboard the RV Seward Johnson for use aboard her for Oceanographic Research. Subject to a Minimum Premium of $5,000. Premium is adjustable on a pro rata basis should equipment be removed or added during the term , at a rate of .40.

Coverage will incept upon loading of the instruments and equipment on board the RV Seward Johnson and will remain in force until discharged from the R!V Seward Johnson.

ADDITIONAL PROVISIONS:

It is further understood and agreed that this coverage will automatically terminate should the R/V Seward Johnson change ownership to Cepemar Ambiente or any other entity.

Coverage provided herein is only for the Oceanographic Instrumentation to be carried and used aboard the R/V Seward Johnson of purposes of research. The coverage herein is in direct response to the requirements for Physical damage coverage to the Instruments as outlined in the Technical Support Services and Equipment Lease Agreement between the University of Miami and Florida Atlantic University Board of Trustees., Harbor Branch Oceanographic Institute, dated June 1, 2010.

It is understood and agreed that this policy will cover against all risks of direct physical loss or damage from any external cause, irrespective of percentage, but excluding, nevertheless, the risks of war, strikes, riots, seizure, detention and other risks, excluded by the F.C. & S (free of capture and seizure) warranty and the S.R. & C. C. (Strikes, Riots, and Civil Commotions) warranty in this policy, excepting to the extent that such risks are specifically covered herein. However, excluding marring, denting, chipping and scratching, unless caused by the vessel being stranded sunk, burnt, on fire or in collision.

It is further agreed that indirect of consequential loss or deprivation of use of the equipment is excluded.

Normal wear and tear is excluded.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Date: i/ / Countersigned by: va.A/r dR~prs (4\Q Authorized Repres(!ntative

GREATAWERICAN.L

ENDORSEMENT NO. 8

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 383-90-71 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK.

ISSUED TO: STATE OF FLORIDA

EFFECTIVE: 06/08/2010

In Consideration of an additional premium of $508.00 (Plus 1% FIICF), It is hereby understood and agreed that coverage is provided per the terms and conditions of this policy for the following:

TERM: 06/08/2010 TO 7/2/2010

AGENCY: FLORIDA ATLANTIC UNIVERSITY

LOSS PAYEE: UNIVERSITY OF MIAMI

CARGO: Oceanographic instrumentation to be used on board R/V Seward Johnson. Schedule on file with the Underwriter.

RATE : .40 per $100 value, for each transit LIMIT: Agreed values of $1,942,549. as per schedule on file with the Underwriter.

DEDUCTIBLE: $1,000 per occurrence for loss not exceeding $25,000

$2,500 per occurrence for loss between $25,001 and $50,000 $5,000 per occurrence for loss between $50,001 and $100,000 $7,500 per occurrence for loss between $100,001 and $150,000 $10,000 per occurrence for loss in excess of $150,001

PREMIUM : $7,700 annual (Plus 1% FHCF) for transit aboard the R/V Seward Johnson for use aboard her for Oceanographic Research. Subject to a Minimum Premium of $5,000. Premium is adjustable on a pro rata basis should equipment be removed or added during the term, at a rate of .40.

Coverage will incept upon loading of the instruments and equipment on board the R/V Seward Johnson and will remain in force until discharged from the R/V Seward Johnson.

ADDITIONAL PROVISIONS:

It is further understood and agreed that this coverage will automatically terminate should the R/V Seward Johnson change ownership to Cepemar Ambiente or any other entity.

GREATAmmERICAN

Coverage provided herein is only for the Oceanographic Instrumentation to be carried and used aboard the RV Seward Johnson of purposes of research. The coverage herein is in direct response to the requirements for Physical damage coverage to the Instruments as outlined in the Technical Support Services and Equipment Lease Agreement between the University of Miami and Florida Atlantic University Board of Trustees, Harbor Branch Oceanographic Institute, dated June 1, 2010.

It is understood and agreed that this policy will cover against all risks of direct physical loss or damage from any external cause, irrespective of percentage, but excluding, nevertheless, the risks of war, strikes, riots, seizure, detention and other risks, excluded by the F.C. & S (free of capture and seizure) warranty and the S.R. & C. C. (Strikes, Riots, and Civil Commotions) warranty in this policy, excepting to the extent that such risks are specifically covered herein. However, excluding marring, denting, chipping and scratching, unless caused by the vessel being stranded sunk, burnt, on fire or in collision.

It is further agreed that indirect of consequential loss or deprivation of use of the equipment is excluded.

Normal wear and tear is excluded.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Date: -- .& th~ _ized__ theorized Representative

ENDORSEMENT NO. 7

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 383-90-71 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK.

IS SUED TO: STATE OF FLORIDA

EFFECTIVE: 03/18/2010

IN CONSIDERATION OF THE ADDITIONAL PREMIUM SHOWN, $420.00 (Plus 1% FHCF)

IT IS HEREBY UNDERSTOOD AND AGREED THAT COVERAGE IS PROVIDED PER

THE TERMS AND CONDITIONS OF THIS POLICY FOR THE FOLLOWING:

SHIPMENT DATE: 03/18/2010

AGENCY: UNIVERSITY OF FLORIDA

CARGO: ECHOCARDIOGRAM MACHINE

RATE: .50 PER $100 VALUE, FOR EACH TRANSIT

DEDUCTIBLE: $500 PER OCCURRENCE

COVERAGE IS PROVIDED FOR TRANSIT FROM GAINSVILLE, FL. TO JAMAICA ON

03/18/2010 AND INCLUDING THE RETURN TRANSIT TO GAINSVILLE, FL. ON

03/25/2010. PREMIUM ALSO INCLUDES THE DURATION BETWEEN THESE DATES

WHILE THE CARGO IS UNDER THE CONTROL OF THE UF SONOGRAPHER AND/OR

THE UF PHYSICIAN, AND WHILE NOT IN USE, IN THE HOTEL SAFE STORAGE AT

WEXFORD HOTEL IN MONTEGO BAY AND THEN AT THE HILTON HOTEL IN

KINGSTON, JAMAICA.

WARRANTED: THE CARGO SHALL BE CARRIED BY A SUPERCARGO ON BOTH

TRANSITS.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Date: 01 Countersigned by: A___horized A prized Representative

Gai 2037

ed. 04/20/2001 GREAmEIlCAN.

INSURANCE COMPANIES

ENDORSEMENT NO. 6

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 3839071 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK

ISSUED TO: STATE OF FLORIDA

EFFECTIVE: 03/18/2010

DOMESTIC INLAND TRANSIT ENDORSEMENT

1. PROPERTY INSURED

In consideration of additional premium as agreed, this policy is extended to cover goods and merchandise, while the property of the Insured, or while the Insured has an insurable interest hereunder during transit to consignees within the 48 contiguous states of the United States and Canada. However, this endorsement's coverage shall not extend beyond the cessation of the Insured's insurable interest or upon arrival at the premises of the consignee, whichever shall first occur, including loss or damage covered under the S.R. & C.C. Endorsement contained in this policy as long as said endorsement remains in force.

2. ATTACHMENT AND TERMINATION

This endorsement attaches from the time the goods leave the factory, store or warehouse at initial point of shipment and covers thereafter continuously, in the due course of transportation, until same are delivered at the store or the warehouse at the destination.

3. LIMIT OF LIABILITY

The Limit of Liability shall not exceed $AS RATED per any one land or air conveyance at any one time in any one loss either in case of partial or total loss, salvage charges, sue and labor, or other charges or expenses, or all combined.

4. REPORTING AND PREMIUM PAYMENT

The Insured shall keep an accurate record of all shipments insured under this endorsement

ed. 04/20/2001 GREATAmERIICAN

INSURANCE COMPANIES

5. VALUATION

DECLARED VALUE

6. AVERAGE TERMS AND CONDITIONS

TO COVER AGAINST ALL RISKS OF DIRECT PHYSICAL LOSS OR DAMAGE FROM ANY

EXTERNAL CAUSE, IRRESPECTIVE OF PERCENTAGE, BUT EXCLUDING, NEVERTHELESS,

THE RISKS OF WAR, STRIKES, RIOTS, SEIZURE, DETENTION AND OTHER RISKS,

EXCLUDED BY THE F.C. & S. (FREE OF CAPTURE AND SEIZURE) WARRANTY AND THE

S.R. & C.C. (STRIKES, RIOTS, AND CIVIL COMMOTIONS) WARRANTY IN THIS POLICY,

EXCEPTING TO THE EXTENT THAT SUCH RISKS ARE SPECIFICALLY COVERED HEREIN.

7. EXCLUSIONS

Notwithstanding anything written or printed above or elsewhere herein, this policy shall not insure goods and merchandise covered under this endorsement against:

a. Risks excluded by the F.C. & S. warranty contained in this policy.

b. Risks excluded by the Nuclear Exclusion Clause contained in this policy.

c. Loss, damage or expense caused by or resulting from delay, loss of market, loss of use, inherent vice, gradual deterioration, decay, or spoilage.

d. Loss, damage or expense caused by or resulting from infidelity, any dishonesty, either or both, of any person or persons in the employment or service of the inland carrier (carriers for hire excepted), whether during regular hours of employment or not.

e. Mysterious or unexplained disappearance or shortage from any vehicle owned, leased or operated by the Insured.

The Company is not liable for any claim for loss or damage which without their consent has been settled or compromised by the Insured.

ed. 04/20/2001 GREATAMERICAN

INSURANCE COMPANIES

8. STATIONARY EXPOSURES

This endorsement also covers while on docks, wharves, piers, bulkheads, in depots, stations and/or on platforms, but only while in the custody of a common carrier or freight consolidator incidental to transportation.

9. APPROVED CUSTODIANS

This endorsement applies while said merchandise is in the custody of:

a. Any railroad or railroad express company.

b. Public truckman and land transportation companies including freight forwarders and freight consolidators. Also to cover while on trucks owned, leased and/or operated by and for the Insured.

c. Scheduled airlines, air express or air cargo.

d. Ferries, barges and lighters.

Shipments by mail or parcel post are not insured hereunder.

10. FRAUD AND DECEIT CLAUSE

This endorsement covers loss of goods and merchandise as described herein occasioned by the acceptance of fraudulent bills of lading, shipping or messenger receipts.

11. REFUSED AND/OR RETURNED SHIPMENTS CLAUSE

This endorsement covers shipments of the insured goods and merchandise originally shipped by the Insured but refused or returned by the consignees.

12. ADDITIONAL CLAUSES

a. This endorsement is extended to cover shipments sold F.O.B. Point of Shipment, only to the extent of the Insured's interest as an unpaid vendor.

b. Privilege is granted to the Insured, without prejudice to this insurance, to accept from carriers, released or under-valued bills of lading usually and customarily issued by such carriers.

c. The signing of a good order receipt shall not prejudice the Insured's rights of recovery hereunder.

ed. 04/20/2001 GREATAM/ CA.4

INSURANCE COMPANIES

13. LOSS PAYEE

Loss, if any, payable to the Insured or order. EC DOIFY

14. CHOICE OF LAW

This endorsement shall be governed by Federal Maritime Law of the United States. In the absence thereof, the laws of the state of New York shall apply.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Date: April 13, 2010 Countersigned by: _ _oz

A? prized Representative

Gai 2058

ed. 04/20/2001 GREATA RIJi/CAN

INSURANCE COMPANIES

ENDORSEMENT NO. 5

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 3839071 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK

ISSUED TO: STATE OF FLORIDA

EFFECTIVE: 03/18/2010 lc p

NAMED INSURED ENDORSEMENT

It is hereby understood and agreed that the name of the Assured and the Address of the assured shall read as follows:

FAU- FLORIDA ATLANTIC UNIVERSITY

FWC- FISH AND WILDLIFE CONSERVATION

FSU- FLORIDA STATE UNIVERSITY

UF - UNIVERSITY OF FLORIDA

USF- UNIVERSITY OF SOUTH FLORIDA

C/O THE DEPARTMENT OF MANAGEMENT SERVICES,

DIVISION OF STATE PURCHASING

4050 ESPLANADE WAY SUITE 315

TALLAHASSEE, FLORIDA 32399-0950

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Date: April 13, 2010 Countersigned by: ,_.._--------,_/ thorized Representative

GREATAMERICAN.

ENDORSEMENT NO. 4

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 383,9071 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK

ISSUED TO: STATE OF FLORIDA

EFFECTIVE DATE: 03/18/2010

CHEMICAL, BIOLOGICAL, BIO-CHEMICAL AND ELECTROMAGNETIC EXCLUSION

CLAUSE

THIS CLAUSE SHALL BE PARAMOUNT AND SHALL OVERRIDE ANYTHING CONTAINED IN THIS

INSURANCE INCONSISTENT THEREWITH

This insurance excludes loss, damage, liability or expense directly or indirectly caused by or contributed to or arising from an actual or threatened terrorist act involving chemical, biological, bio-chemical or electromagnetic materials, where it appears that one purpose of the release of such materials was to inflict harm.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

GREATAMERCAN.

ENDORSEMENT NO. 3

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 3839071 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK

ISSUED TO: STATE OF FLORIDA

EFFECTIVE DATE: 03/18/2010 (EI[ 7z

U.S. ECONOMIC AND TRADE SANCTIONS CLAUSE

Whenever coverage provided by this policy would be in violation of any U.S. economic or trade sanctions such as, but not limited to, those sanctions administered and enforced by the U.S.

Treasury Department's Office of Foreign Assets Control ("OFAC"), such coverage shall be null and void. Similarly, any coverage relating to or referred to in any certificates or other evidences of insurance or any claim that would be in violation of U.S. economic or trade sanctions as described above shall also be null and void.

All other terms and conditions remain unchanged.

OCEAN MA DEPARTMENT

Gai 2199

ed. 04/20/2001 GREATAMER/CAN.

INSURANCE COMPANIES

ENDORSEMENT NO. 2

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 3839071 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK

ISSUED TO: STATE OF FLORIDA 9 O V

EFFECTIVE: 03/18/2010

EXCLUSION OF SHIPMENTS TO AND/OR FROM UNAPPROVED PLACES

NOTWITHSTANDING CLAUSE #4. GEOGRAPHICAL LIMITS, OF THIS POLICY, OR

ANYTHING ELSE CONTAINED IN THIS POLICY TO THE CONTRARY, IT IS HEREBY

UNDERSTOOD AND AGREED THAT THIS POLICY EXCLUDES FROM INSURANCE

HEREUNDER ALL SHIPMENTS TO AND/OR FROM THE PLACES LISTED BELOW.

AFGHANISTAN AZERBAIJAN

IRAQ ARMENIA

IRAN JORDAN

LEBANON UZBEKISTAN

SYRIA KYRGYZSTAN

LIBYA CONGO

LIBERIA ERITREA

NIGERIA RUSSIA

CUBA HAITI

NORTH KOREA CHECHNIA

MACEDONIA SIERRA LEONE

SOMALIA TAJIKSTAN

SRI LANKA ISRAEL

PALESTINE YEMEN

PAKISTAN TURKMENISTAN

SUDAN COMMONWEALTH OF INDEPENDENT STATES

ALL TERRITORIES WHICH WERE FORMERLY PART OF YUGOSLAVIA

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

Date: 4/13/2010 Countersigned by:

Auth rized representative

GREATAMERICAN.

ENDORSEMENT NO. I

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 3839071 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK

ISSUED TO: STATE OF FLORIDA

EFFECTIVE DATE: 03/18/2010

AIMU

EXTENDED RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE

WITH U.S.A. ENDORSEMENT

(March 1, 2003)

This clause shall be paramount and shall override anything contained in this insurance inconsistent therewith.

1. In no case shall this insurance cover loss, damage, liability or expense directly or indirectly caused by or contributed to by or arising from

1.1 ionizing radiations from or contamination by radioactivity from any nuclear fuel or from any nuclear waste or from the combustion of nuclear fuel,

1.2 the radioactive, toxic, explosive or other hazardous or contaminating properties of any nuclear installation, reactor or other nuclear assembly or nuclear component thereof,

1.3 any weapon or device employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter,

1.4 the radioactive, toxic, explosive or other hazardous or contaminating properties of any radioactive matter. The exclusion in this sub-clause does not extend to radioactive isotopes, other than nuclear fuel, when such isotopes are being prepared, carried, stored, or used for commercial, agricultural, medical, scientific or other similar peaceful purposes.

RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE

(U.S.A. ENDORSEMENT)

This insurance is subject to the Extended Radioactive Contamination Exclusion Clause (March 1, 2003) provided that if fire is an insured peril and where the subject matter insured or in the case of a reinsurance, the subject matter insured by the original insurance is within the U.S.A., its islands, onshore territories or possessions and

GREAT4MERCAN.

a fire arises directly or indirectly from one or more of the causes detailed in Sub-Clauses 1. 1, 1.2, and 1.4 of the Extended Radioactive Contamination Exclusion Clause (March 1, 2003) any loss or damage arising directly from that fire shall, subject to the provisions of this insurance (reinsurance), be covered, EXCLUDING however any loss, damage, liability or expense caused by nuclear reaction, nuclear radiation, or radioactive contamination arising directly or indirectly from that fire.

All other terms and conditions remain unchanged.

OCEAN MAr DEPARTMENT

Gai 2014

ed. 04/20/2001 GREATAmERICAT

INSURANCE COMPANIES

ATTACHED TO AND MADE A PART OF POLICY NO. OMC 3839071 OF THE GREAT

AMERICAN INSURANCE COMPANY OF NEW YORK

ISSUED TO: STATE OF FLORIDA

EFFECTIVE: 03/18/2010

SCHEDULE OF RATES

The rates of premium by vessel are strictly understood to apply to shipments on board:

1. metal-hulled, self-propelled vessels which are not over 20 years of age nor less than 1000 net registered tons and which are classed A 1 American Record or equivalent by a member of the International Association Of Classification Societies; or

2. vessels over 20 years of age which are approved by the Company, and which are not less than 1000 net registered tons and classed as in 1. above, but only while operating in their regular trades;

3. but in either case excluding vessels built;

a. for service on the Great Lakes;

b. solely for military or naval service; or

c. for the carriage of dry bulk or liquid bulk cargoes, and which are more than 15 years of age, unless specifically approved by the Company.

Shipments by vessels which are not described in 1. or 2. above or which are excluded in 3. above are subject to additional rates to be quoted by the Company at the time of reporting of shipment.

Rates to be fixed by the Company at the time of declaration of risk for shipments not specified herein in respect of which insurance is provided under the policy.

War, Strikes, Riots and Civil Commotions rates as noted below, whether specifically identified or not, are subject to change upon notice.

Other rates below are subject to change on thirty (30) days notice.

Rates Per $100 - Insurance Under Deck or Optional Bills of Lading or Via Aircraft Subject To Air Waybills

FROM WORLD TO WORLD

WAR RATE- .0325

STEAMER PENALTIES AS APPLICABLE.

TRANSHIPMENTS AT AN ADDITIONAL 20% OF THE MARINE RATE.

OCEAN CARGO MINIMUM AND DEPOSIT PREMIUM: $0.

SHIPMENTS TO BE REPORTED TO GREAT AMERICAN WITHIN A REASONABLE TIME FRAME

PRIOR TO SHIPMENT, TO ALLOW FOR THE RATING TO TAKE PLACE PRIOR TO SHIPMENT.

Gai 2005

ed. 04/20/2001 GREATAMEI ICAN.

INSURANCE COMPANIES

GREAT AMERICAN INSURANCE COMPANY OF NEW YORK

OCEAN CARGO WAR RISK POLICY

Insured: STATE OF FLORIDA Policy No.: OMC 3839071

This insurance policy witnesseth, that in consideration of premiums as agreed to be paid, the Company does make insurance and cause "Insured" to be insured, lost or not lost, for account of whom it may concern, against war risks only, in accordance with the terms and conditions hereinafter set forth.

To apply to shipments made on or after 03/18/2010

This Company shall not be liable hereunder for more than $1,000,000. by any one vessel.

In cases where the total value(s) at risk on any one vessel exceed(s) the Limit of Liability as set forth in this policy, the Insured agrees, nevertheless, to report to the Company full value(s) at risk and to pay premium thereon at the agreed rates. The Insured further agrees that acceptance of such reports and premium by the Company shall not serve to revoke or to overrule the Limit of Liability set forth in this policy; however, subject to the Limit of Liability, the Company in accepting these reports does agree to pay partial losses covered by this policy without reduction by reason of any coinsurance which otherwise may have existed in the absence of this special agreement.

Subject to the provisions of Clause 4 of this policy, should there be an accumulation of interests exceeding the above Limit of Liability by reason of any interruption of transit beyond the control of the Insured or by reason of any casualty, and/or after the interests have been discharged from the incoming overseas vessel at an intermediate port or place for on-carriage from that or any other port or place by another overseas vessel, and/or on the oncarrying overseas vessel, this policy shall attach for the full amount at risk (but in no event for more than twice the policy limit which would be applicable to any one vessel) provided written notice be given to this Company as soon as known to the Insured.

This policy shall cover only those shipments which are insured against marine risks under Policy No. OMC 3839071 of this Company, it being agreed that the description of such shipments, the valuations thereof, the voyage, the designation of the overseas vessel (which shall be construed to include aircraft if included under the marine policy) on which the goods are to be carried and the ports and/or places of loading and discharge, as reported under the said policy against marine risks, shall be deemed incorporated herein. Notwithstanding the foregoing, this policy shall not cover purely domestic shipments by air between points in the United States of America (excluding Alaska and Hawaii).

ed. 04/20/2001 REATAMEIPICAN

INSURANCE COMPANIES

Any loss payable hereunder shall be payable in funds current in the United States, to the order of Insured or order thirty (30) days after full proofs of loss and proofs of interest have been filed with the Company.

1. (a) This insurance is only against the risks of capture, seizure, destruction or damage by men-of-war, piracy, takings at sea, arrests, restraints, detainments, and other warlike operations and acts of kings, princes and peoples in prosecution of hostilities or in the application of sanctions under international agreements, whether before or after declaration of war and whether by a belligerent or otherwise, including factions engaged in civil war, revolution, rebellion or insurrection, or civil strife arising therefrom; the imposition of martial law, military or usurped power, and including the risk of aerial bombardment, floating or stationary mines and stray or derelict torpedoes. Warranted not to abandon (on any ground other than physical damage to ship or cargo) until after condemnation of the property insured.

(b) This insurance also covers, but only while the property insured is on board a waterborne conveyance, loss of or damage to said property directly 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 would have resulted in a recoverable claim under this policy (subject to all of its terms, conditions and warranties) if the property insured would have sustained physical loss or damage as a direct result of such accident or occurrence.

2. Warranted free from any claim based upon loss of, or frustration of, the insured voyage or adventure caused by arrests, restraints or detainments.

3. This insurance does not cover any loss, damage or expense directly or indirectly arising from, contributed to, or caused by any of the following, whether due to a peril insured against or otherwise:

(a) Commandeering, preemption, requisition or nationalization by the government (de facto or otherwise) of the country to or from which the goods are insured.

(b) Seizure or destruction under quarantine, environmental or customs regulations.

(c) Delay, deterioration and/or loss of market.

(d) Nuclear reaction, radiation or radioactive contamination, regardless of how it was caused.

4. (a) The insurance against the risks enumerated in clause ., except the risks of floating or stationary mines and stray or derelict torpedoes, floating or submerged referred to in (b) below, shall not attach to the interest hereby insured or to any part thereof:

ed. 04/20/2001 GREATA ERICAN

INSURANCE COMPANIES

(i) Prior to being on board an overseas vessel (for the purpose of this Clause 4, an overseas vessel shall be deemed to mean a vessel carrying the interest from one port or place to another where such voyage involves a sea passage by that vessel).

(ii) After being discharged overside from an overseas vessel at the intended port or place of discharge or after expiry of fifteen (15) days from midnight of the day of arrival of the overseas vessel at the intended port or place of discharge, whichever shall first occur.

(iii) After expiry of fifteen (15) days from midnight of the day of arrival of the overseas vessel at an intermediate port or place to discharge the interest for on-carriage from that or any other port or place by another overseas vessel, but shall reattach as the interest is loaded on the on-carrying overseas vessel. During the said period of fifteen (15) days the insurance remains in force whether the interest is awaiting transit or in transit between the overseas vessels.

(iv) For the purpose of this Clause 4, arrival at the intended port or place of discharge shall be deemed to mean that time when the overseas vessel first berths, anchors, moors or is secured in an area subject to regulation by the authorities of such port or place.

(b) The insurance against the risks of floating or stationary mines and stray or derelict torpedoes, floating or submerged, attaches as the interest hereby insured is first loaded on a lighter, craft or vessel after leaving the warehouse at point of shipment in transit for the destination declared hereunder, and ceases to attach as the interest is finally landed from the vessel, craft or lighter prior to delivery to warehouse at such destination.

(c) If the Contract of Affreightment is terminated at a port or place other than the destination named therein such port or place shall be deemed the intended port or place of discharge for the purpose of this Clause 4.

(d) Shipments by mail, if covered by this policy, are insured continuously from the time of leaving the sender's premises until delivered to the place of address.

(e) Shipments by air (other than by air mail), if covered by this policy, are insured subject to the same terms and conditions as shipments by overseas vessel.

(f) It is a condition of this insurance that the insured shall act with reasonable dispatch in all circumstances within their control.

ed. 04/20/2001 GREATA mEwcAN

INSURANCE COMPANIES

(g) If anything contained in this policy shall be inconsistent with this Clause 4, it shall to the extent of such inconsistency be null and void.

5. This insurance shall not be vitiated by deviation, overcarriage, change of voyage, or by any error or unintentional omission in the description of interest, vessel or voyage, provided the same be communicated to the Company as soon as known to the Insured and an additional premium paid if required.

6. And in case of any loss or misfortune, it shall be lawful and necessary to and for the Insured, his or their factors, servants and assigns, to sue, labor and travel for, in and about the defense, safeguard and recovery of the said goods, and merchandise, or any part thereof, without prejudice to this insurance; nor shall the acts of the Insured or the Company, in recovering, saving and preserving the property insured, in case of disaster, be considered a waiver or an acceptance of an abandonment; and to the charges whereof, the said Company will contribute according to the rate and quantity of the sum hereby insured.

7. General Average and Salvage Charges payable according to United States Laws and usage and/or as per Foreign Statement and/or as per York-Antwerp Rules (as prescribed in whole or in part) if in accordance with the contract of affreightment.

8. It is agreed that the reports of shipments made under the policy against marine risks mentioned above shall be deemed to be reports under this policy also, and the Insured agrees to pay premiums on all shipments insured under this policy at the war risk rates of the Company as fixed from time to time.

9. No claim shall be payable hereunder which arises from collision, contact with any fixed or floating object (other than a mine or torpedo), stranding, heavy weather or fire unless caused directly (and independently of the nature of the voyage or service which the vessel concerned or, in the case of collision, any other vessel involved therein, is performing) by a hostile act by or against a belligerent power; and for the purpose of this paragraph "power" includes any authority maintaining Naval, Military or Air Forces in association with a power.

10. No recovery for a constructive total loss shall be had hereunder unless the property insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable, or because it cannot be preserved from actual total loss without an expenditure which would exceed its value if the expenditure had been incurred.

11. It is agreed that this policy is a separate and wholly independent contract and is not subject to any terms or conditions of the policy against marine risks above mentioned (whether physically attached thereto or not) except as such terms or conditions shall have been expressly incorporated herein by reference.

ed. 04/20/2001 GREATAMERCAN

INSURANCE COMPANIES

12. This insurance may be cancelled by either party upon forty-eight (48) hours written or telegraphic notice to the other party, but such cancellation shall not affect any shipment on which this insurance has attached under the terms of Clause 4 hereof prior to the effective date of such notice. Shipments on which this insurance has not so attached but for which, prior to the effective date of such notice, bills of lading have been issued and (in the case of exports) Certificates or special policies have been issued and negotiated shall be covered from the time of loading on the overseas vessel, as provided in Clause 4, at the rates of the Company, provided that, prior to said effective date, such shipments were at the risk of the Insured and were covered under the said policy against marine risks.

In the event of loss which may give rise to a claim under this policy, prompt notice shall be given to this Company.

aeRET PRESr

Date: April 13, 2010 Countersi Ved by:

hAorized Representative

GREATAME/CAN.

200 COLONIAL CENTER PARKWAY STE 340

LAKE MARY, FL 32746-4702

OPEN CARGO POLICY

DECLARATION PAGE

POLICY NO.: OMC 3839071

ATTACHING FROM: 03/18/2010 UNTIL CANCELED

NAMED INSURED: STATE OF FLORIDA

INSURED'S MAILING ADDRESS: 4050 ESPLANADE WAY STE 315 N

TALLAHASSEE, FL.

32399-0950

PRODUCER'S NAME: ARTHUR J. GALLAGHER & CO.

PRODUCER'S ADDRESS: 8200 NW 41 ST. STE. 200

MIAMI, FL. 33166

Insurance is afforded by the Company named below, a Capital Stock Corporation, hereinafter referred to as the Company.

GREAT AMERICAN INSURANCE COMPANY OF NEW YORK

IN RETURN FOR PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF

THIS POLICY, WE AGREE TO PROVIDE THE INSURANCE AS STATED HIS POLICY.

Date: April 13. 2010 Countersigned By:

erAUTHORI ED REPRESENTATIVE

Gai 2000

ed. 04/20/2001

INSTRUCTIONS IN CASE OF LOSS OR DAMAGE

IMPORTANT - These instructions are very important. Failure to comply with them may void the insurance claim under this policy.

In case of known or suspected loss or damage to goods insured by the Company, these instructions must be followed immediately:

A. Import Shipments:

In the event of loss or damage on import shipments, the consignee should notify their broker or the Company directly to arrange for a survey of the damaged goods. If the goods are delivered in a damaged condition or short weight, the damage and count discrepancies (called "exceptions") must be written on the delivery receipt at the time of delivery. A written claim must be filed immediately with the cargo transporters describing the condition of the goods and holding the transporters liable for the loss or damage.

B. Export Shipments:

In the event of loss or damage on export shipments, the instructions on the back of the certificate of insurance should be followed. The consignee must report the loss or damage immediately and request an immediate survey from the nearest:

1. Office of the Company, or

2. Survey representative of the Company listed on the back of the certificate of insurance, or

3. Survey representative of the American Institute of Marine Underwriters, or

4. Survey representative of Lloyd's Agent.

C. Preservation Of Damaged Goods & Packing Material:

Damaged goods and all packing material must be preserved in the condition received until the survey is completed. The cargo transporter should also be requested to inspect the damaged cargo.

The surveyor will issue a survey report stating the cause, nature, and extent of loss or damage. The Company will reimburse the cargo owner for their payment of the stuveyor's fee.

D. Documents Required To Support A Claim Under This Policy:

1. Certificate of Insurance (original and/or duplicate), or a copy of the insurance declaration if no certificate is issued.

2. Bills of lading (copies) from all cargo transporters (ocean, air, rail, and truck).

3. Commercial sales invoice (copy): from the consignee's supplier on an import shipment, or from the shipper to their customer on an export shipment.

4. Delivery receipt (copy) with damage "exceptions" noted (see A. Above).

5. Survey report (original) with photographs (see above).

6. Claim letters (copies) to all transporters holding them responsible for the damage, and their replies.

7. Invoices (copies) for repairs or reconditioning expenses.

8. Packing list (copies) of goods shipped.

9. Other correspondence and documents relating to the transportation of the cargo.

E. Complete claim documentation should be sent to the nearest office of the Company or their representative (see B. Above) for adjustment.

CLAUSE INDEX

Clause Name Clause # Accumulation Clause A dditional C lauses ........................................................... 55-58 Agent Of Insured Clause Assignment Warranty ...................................................... 31 .E A ttachm ent C lause ........................................................... I Average Terms And Conditions Bill Of Lading Clause Both To Blame Clause Cancellation Clause C arrier C lause Certificate Of Insurance Clause Choice Of Law Clause Claims Adjusting Clauses .................................................. 33-48 Consolidation, Deconsolidation & Containerization Clause Constructive Total Loss Clause Container Demurrage Charges Clause C onveyance C lause C raft C lause Debris Removal Clause D elay W arranty ............................................................. 31 .C Deliberate Damage By U.S. Customs Service Or

Canadian Customs Service Clause Deliberate Damage - Pollution Hazard Clause D eviation C lause Duty Of Insured Clause Errors And Omissions Clause Expenses To Inspect, Repackage & Reship Clause Explosion C lause F.C. & S. Warranty ........................................................ 31 .A Full Value Reporting Clause Fum igation C lause General Average Clause G eneral C lauses ............................................................. 8-12 Geographical Limits Clause G oods Insured C lause Headings & Captions Clause Illicit Trade Warranty ...................................................... 31 .G Impairment Of Recovery Clause Import Duty Clause Inchm aree C lause Inspection Of Records Clause Insurable Interest Clause

CLAUSE INDEX (CONTINUED)

Clause Name Clause # L abels C lause Limit Of Liability Clause Loss Payable C lause M achinery C lause Marine Extension Clauses Misrepresentation And Fraud Warranty ................................. 31 .F N otice O f Loss C lause Nuclear Exclusion Warranty ............................................. 31 .D Other Insurance Clause O ther Perils C lauses ........................................................ 19-30 Paramount Warranties ...................................................... 31-32 Partial Loss C lause Payment Of Loss / Examination Under Oath Clause Perils C lause Premium and Reporting Clauses .......................................... 49-54 Reporting And Payment Of Premiums Clause Return Premium Clause Returned/Refused Shipments Clause S.R. & C.C. Endorsement S.R . & C .C . W arranty ....................................................... 31.B Scope of Transit Clauses ................................................... 13-18 Separability C lause Shore C lause South American Clause Subrogation C lause Sue And Labor Clause Time For Suit Clause V aluation C lause Warehouse To Warehouse Clause Warehousing & Forwarding Charges, Packages

Totally Lost In Loading, Etc. Clause

Gai 2002 (1)

ed. 04/12/1999

GREATAmERCAN.

INSURANCE COMPANIES

1. ATTACHMENT CLAUSE

This policy attaches to all shipments made on or after the date specified on the Declarations Page and prior to its cancellation date, or prior to midnight, standard time at place of issuance, on date of its expiration (if this policy is subject to an expiration date) whichever may first occur.

2. GOODS INSURED CLAUSE

To attach upon all shipments of lawful goods and merchandise consisting of goods similar to

GOODS AND ITEMS OF ALL KINDS (SUBJECT TO EXCLUDED CARGOES UNDER THE

POLICY) THAT ARE OWNED BY OR ARE TO BE INSURED BY THE STATE OF FLORIDA

OR UNIVERSITIES, OR AGENCIES OF THE STATE OF FLORIDA.

3. VALUATION CLAUSE DECLARED VALUE

Valued, premium included, at amount of invoice, or as declared, including all charges in the invoice and including prepaid and/or guaranteed and/or advance freight, if any, less any unincurred charges or expenses.

Foreign currency to be converted into United States Dollars at rate of exchange current in New York on date of invoice.

4. GEOGRAPHICAL LIMITS CLAUSE

AT AND FROM WORLDWIDE

This policy does not insure shipments which commence and end within the same country, or between the United States of America and Canada, whether by (a) air (except as connecting conveyances), or (b) land conveyances (except as connecting conveyances), or (c) mail.

5. LIMIT OF LIABILITY CLAUSE

This insurance shall not attach or cover and the Company shall not be liable for more than:

A. $ AS RATED by any one vessel or connecting conveyance, including containerized shipments under Optional Bills of Lading, or in any one place at any one time, but not to exceed:

B. $ AS RATED while carried on deck and subject to an On Deck Bill of Lading;

C. $ AS RATED by any one aircraft or connecting conveyance;

D. $ AS RATED any one package when shipped by courier/air express;

E. $ AS RATED any one package, when shipped first class mail or parcel post;

F. $ AS RATED in any one barge or any one tow (other than as a connecting conveyance).

6. ACCUMULATION CLAUSE

Should there be an accumulation of interests beyond the limits expressed in this policy by reason of any interruption of transit, or by reason of any casualty or other occurrence, or at a transhipping point, or on a connecting steamer or conveyance, the Company shall hold covered such excess interest and shall be liable for the full amount at risk (but no event to exceed twice the policy limit, as expressed in Clause 5) provided said accumulation is beyond the control of the Insured and provided notice be given to the Company as soon as known to the Insured.

7. AVERAGE TERMS AND CONDITIONS

Goods and merchandise as described in Clause 2 in approved overseas packing shipped via:

A. ANY ONE VESSEL OR CONNECTING CONVEYANCE, INCLUDING

CONTAINERIZED SHIPMENTS UNDER OPTIONAL BILLS OF LADING, ARE

INSURED:

Against all risks of physical loss or damage from any external cause, excepting those risks excluded by the F.C. & S. and S. R. & C. C. Warranties.

Each claim for loss or damage arising out of one accident or occurrence shall be adjusted separately, and the amount of $ AS RATED shall be deducted from each adjusted claim.

This deductible shall not apply to claims for total loss of the shipment, General Average, or Salvage Charges. Each BILL OF LADING is separately insured.

B. ANY ONE VESSEL OR…