“All Risk” means the cargo is insured on an all risks basis against external physical loss or damage while in the ordinary course of transit. Major exclusions include, but not limited to; loss due to delay, inherent vice, improper packaging, rust, oxidation, discoloration and corrosion, ordinary wear and tear, and any pre-existing conditions, Non-Approved or restricted commodities may attract a deductible or special terms. Refrigerated (Reefer) cargo/Temperature Controlled cargo is subject to the refrigeration breakdown/derangement clause.