IMPORT-EXPORT CARGO INSURANCE
- OVERVIEW
- INSURANCE COVERAGE
- EXCLUSION
- PRODUCT DOCUMENT
- CLAIMS GUIDELINE
- OTHER PRODUCTS
Import-Export cargo insurance
product overview
Whether your business is manufacturing, wholesaling, retailing, logistics or contractor, you may understand very well the exposures of your on-the-way materials, products or goods.To provide best protection for your business against potential losses which may occur during the long voyage, TMIV can offer a wide range of covers with our expertise and experience in cargo insurance, and we are able to customize the most appropriate insurance coverage and type of policy to suit your need.
INSURANCE COVERAGE
main coverage
"All of TMIV’s Import-Export cargo policy shall also cover:
- War as provided in the Institute War Clauses (Cargo)
- Strikes as provided in the Institute Strike Clauses (Cargo)g
If you request cover for other risks or costs, please consult with TMIV.
Depending on your policy, TMIV would cover various perils that are associated with transporting cargo to/from overseas. The covered risks among ICC A, B, C are shown as below:
Note:
- O - Covered
- X - Not covered/Excluded
| RISKS/ CONDITIONS | A | B | C |
|---|---|---|---|
| Fire or Explosion | O | O | O |
| Vessel/Craft being stranded, grounded, sunk or capsized | O | O | O |
| Overturning or derailment of land conveyance | O | O | O |
| Collision or contact of vessel, craft or conveyance with external object other than water | O | O | O |
| Discharge of cargo at a port of distress | O | O | O |
| Earthquake, Volcanic eruption or Lightning | O | O | X |
| General Average Sacrifice | O | O | O |
| Jettison | O | O | O |
| Washing overboard | O | O | X |
| Entry of sea lake or river water into vessel craft hold conveyance container liftvan or place of storage, | O | O | X |
| Total loss of any package lost overboard or dropped whilst boarding on to, or unloading from, vessel or craft. | O | O | X |
| Theft, Pilferage and Non-delivery (TPND) | O | X | X |
| Rain & Fresh water (RFWD) | O | X | X |
| Rough handling cargo by the carrier | O | X | X |
| Leakage, shortage, breakage | O | X | X |
| Hook damage, Mud, Grease, bending | O | X | X |
| Sweating & Heating, contamination | O | X | X |
extended coverage
All of TMIV's Import-Export cargo policy shall also cover:
- War as provided in the Institute War Clauses (Cargo)
- Strikes as provided in the Institute Strike Clauses (Cargo)
If you request cover for other risks or costs, please consult with TMIV.
EXCLUSION
Main exclusions include:
- Wilful misconduct of the Insured
- Ordinary leakage, loss in weigh or volume, wear and tear
- Insufficient packing
- Unseaworthiness of vessel or craft
And other exclusions as specified in the policy
PRODUCT DOCUMENT
Insurance Proposal FormCLAIMS GUIDELINE
See claims guide in detailContact Page
See detailcontact us for more information
or call the Hotline 1900 8110
