SPECIAL CONDITION CONCERNING WAIVER OF SUBROGATION

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, the Insurers shall waive all rights of subrogation arising out of loss or damage indemnifiable under the Policy which the insurers may have against persons using the insured items with the consent of the Insured.