Hotline Call Centre: 1500 674 (MSI)Cargo Insurance
Provides coverage for loss and/or damage to cargo caused by various risks during transit, whether for export/import (by sea or air), inter-island shipping, or land transportation.
Key features
Single voyage policies for one-time shipments.
A one-off cargo shipment refers to the transportation of goods by sea, land, or air that is carried out only once, not on a recurring basis, and not under a long-term contract.
Open policy: Automatic coverage
Regular cargo shipments can benefit from Open Policy, which automatically insures shipments based on specified terms and conditions.
Flexible annual cover
Annual cover with little administration is a convenient option. The premium is adjusted at the end of each policy period according to the actual value of your shipments.
Plan highlights
War coverage
We could cover extension coverage of war risks for ocean marine (overseas voyage) and interisland shipments.
Strike coverage
We could cover extension coverage of strike risks for all shipments.
E-cargo application
Our own platform for better service, faster business process and paperless.
Logistic survey
We could provide service of logistic loss prevention survey for our clients as logistic company.
Plan details
BASIC COVERAGES
- Institute Cargo Clauses (A) 1/1/09
This insurance covers all risks of loss of or damage to the subject matter insured except as excluded by the exclusions be stranded, sunk, burnt or collided. - Institute Cargo Clauses (B) 1/1/09
Covers loss of or damage to cargo due to perils mentioned under ICC (C) 1/1/09 condition and also caused by washing overboard, earthquake, volcanic eruption, lightning, jettison, and general average. - Institute Cargo Clauses (C) 1/1/09
Covers loss of or damage to cargo caused by accident of the vessel or craft, which includes being stranded, grounded, burnt, having sunk or capsized, collision, overturning and derailment of land conveyance.
Extended coverages
- War Risks
Institute War Clauses (Cargo) 1/1/09 cover physical losses or damages caused by war, civil war, rebellion, revolution, insurrection, or civil strife arising therefrom, any hostile act by or against a belligerent power, capture, seizure, arrest, restraint or detainment, derelict mines, torpedoes, bombs or other derelict weapons of war, general average or salvage charges incurred to avoid a war peril.
Coverage against war risks can only be provided for overseas voyages, both by sea-going vessel (excluding inland transit).
- Strikes Risks
Institute Strikes Clauses (Cargo) 1/1/09 cover physical losses or damages caused by strikers, locked-out workmen, persons taking part in labour disturbances, riots and civil commotions, any terrorist or any persons acting with a political motive, general average and salvage charges incurred to avoid loss from an insured peril.
Note: The premium rate for War Risks and Strikes Risks is to follow the standard rate from The War Risks Rating Committee Cargo & Air, London (subject to changes any time).
- Wilful misconduct of the Assured
- Inherent vice of nature of the goods insured
- Insufficient packing
- Ordinary loss
- Delay
