Notwithstanding the conditions, provisions and other endorsements of the Policy, it is agreed and understood that the Insurers shall not be liable to indemnify the Insured in respect of:
1. Loss of or damage to piles and/or casings due to misplacement, jamming and/or extraction thereof.
2. Costs incurred in case of abandoned piling work.
3. Costs in excess of "Original pile value in place" (piling total contract value divided by number of piles).
4. Costs incurred in rectifying undamaged piles which have deviated due to soil movement.