General Conditions for Freight Forwarding

by PANALPINA (hereafter called Panalpina)

Articles 1 - 12

Article 4 - Exclusions

Panalpina shall not be liable in respect of any consequential loss, damage or expense, such as loss of profit, loss of clients, penalties, claims for losses due to depreciation and conventional fines, exchange rate fluctuations, increased levies or taxes by authorities whatsoever caused. Further, the different exclusion clauses provided in the three Conditions of Panalpina mentioned below are applicable.