Goods in transport Insurance covers all individuals and merchants involved in imports and exports, including those engaged in transit trade.
The policy covers
The loss or damage to goods during their transport by sea, air or land as a result of insured risks. Insured risks are offered in the form of coverage packages (Institute Cargo Clauses A, B and C)
The contract is addressed
To individuals and merchants engaged in import and export, including those engaged in transit trade.
The policy is offered
The open cover is of great convenience to the client engaged in regular import/export trade.
Loss or damage to goods during carriage as a result of perils insured under Institute Cargo Clauses A,B and C cover packages
Institute Cargo Clause C covers
Fire or Explosion
Grounding, impact, sinking or overturning of the ship
Overturning or derailment of the land vehicle
Collision or contact of a ship or other means of transport with an object other than water
Unloading the goods at a port of refuge
General Breakdown Sacrifice
Forced / willful throwing of goods into the sea
General Breakdown and salvage expenses
Conflict of shared fault Coverages
Institute Cargo Clause Β covers
What Clause C covers
Earthquake, volcanic eruption, lightning
Inflow of sea, lake or river water into ship, container or storage area
Grabbing by waves
Total loss of parcel due to escape from ship deck or falling during loading to or unloading from ship
Institute Cargo Clause A covers
What Clauses B and C cover
Any other loss or damage resulting from a sudden and unforeseeable event not excluded
Without a particularly high cost, the contract is extended with two more clauses:
Loss or damage as a result of war
Loss or damage due to disturbance or strike
The above information may vary from one Insurance Company to another. Depending on the insurance policy that will be proposed to you, you will get all the relevant information you need, so that you can decide on your own choice. Request our offer today. Based on your own insurable needs and budget, we will choose the right covers for you.