..:: Import-Export cargo insurance ::..

IMPORT-EXPORT CARGO INSURANCE

OVERVIEW
INSURANCE COVERAGE
EXCLUSION
PRODUCT DOCUMENT
CLAIMS GUIDELINE
OTHER PRODUCTS

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

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:
This comparison table of the covered/ not covered risks based on the coverage of ICC 1/1/2009:

Note:

O - Covered
X - Not covered/Excluded

RISKS	Clause
RISKS	ICC(A)	ICC(B)	ICC(D)
Fire or Explosion	O	O	O
Vessels or 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 any external object other than wat	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 or place of storage	O	O	X
Total loss of any package lost overboard or dropped whilst loading onto or unloading from vessel or craft	O	O	X
Other risks of loss of or damage to the subject-matter insured except as excluded in ICC Clause	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

INSURANCE PREMIUM

Insurance premiums are determined based on risk assessment and specific insurance pricing principles of the product. For detailed advice and appropriate quotes, please contact Tokio Marine Insurance Vietnam Co. directly.