Container, Flatracks, Tank Container, MAFI, Roll Trailer, Bolsters, Bogies and similar equipment used for or capable of holding goods excluding the carrying ship, road truck, rail car, chassis or aircraft.

The loss, damage, cost or expense arising out of the activities and/or operations customarily carried on by, or at the assured's risk and responsibility as an owner, lessee, or operator of containers and equipment.

Loss, damage, costs or expenses attributable to the containers and/or the equipment arising from:

• Wear and tear, corrosion, rottenness, inadequate maintenance and the like.

• Errors in design/manufacture or faulty material.

• Mechanical/electrical breakdown or malfunction.

• Mysterious disappearance or inventory loss.

• Inherent vice, quality or defect.

• Insolvency or financial default.

• Unfitness of conveyance for the safe carriage.

• Embargo, requisition or order of any authority.