In the event of loss or destruction or damage by any peril not excluded hereby to property hereunder, and salvage of branded goods and/or merchandise, the Insured’s own or held by them in trust or on commission, and/or goods sold but not delivered, shall not be disposed or by sale without the consent of the Insured.

If such salvages is not disposed of by sale, then the Insurers’ liability for such loss, damage or destruction will be assessed at the value agreed between the Insured and the Insurers.

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