Wholesales Services - Shipping Insurance
INTERNATIONAL SHIPPING INSURANCE: 3% OF TOTAL VALUE DECLARATION WITH MIN CHARGE USD100/SHIPMENT
- All lose and/or damage must be noted at time of delivery on the carriers' papaerwork and reported to us within 48 hours at: email@example.com
- High value items valued at over USD1,000.00 per item or set must be specispecifically declared and valued. Failure to comply will limit recovery to a maximum of USD1,000.000 per item or set
- Excluding mechanical & eletrical derangement, recalibration, malfuntion & loss of date.
Additional terms & conditions.
Loss, if any, payable to the above assured or order, upon surrender of this Certificate, which conveys the right of collecting any such loss as fully as if the property were covered by a special policy direct to the holder hereof. This Certificate is subject to all the terms of the Open Policy indicated above (hereinafter referred to as the Open Policy) provided, however, that the rights of a bona fide holder of this Certificate for value shall not be prejudiced by any terms of the Open Policy which are in conflict with the terms of this Certificate. It is agreed that the practice of English Law shall be recognized as the standard for adjusting claims under this Certificate, except in the United States and its possessions. Whenever coverage provided by this policy would be in violation of any U.S. economic or trade sanctions such as, but not limited to, those sanctions administered and enforced by the U.S. Department of the Treasury, Office of Foreign Assets Control ("OFAC") such coverage shall be null and void. Similarly, any coverage relating to or referred to in any certificates or other evidences of insurance or any claim that would be in violation of U.S. economic or trade sanctions as described above shall also be null and void.
This insurance attaches from the time the goods leave the warehouse or store at the place named herein for the commencement of the transit and continues during the ordinary course of transit, including customary transshipment, if any, until the goods are discharged overside from the overseas vessel at the final port. Thereafter the insurance continues whilst the goods are in transit or awaiting transit until delivered to final warehouse at the destination named herein or until the expiry of 15 days (or 30 days if the destination to which the goods are insured is outside the limits of the port) whichever shall first occur. The time limits referred to above to be reckoned from midnight of the day on which the discharge overside of the goods hereby insured from the overseas vessel is completed. Held covered at a premium to be arranged in the event of transshipment, if any, other than as above and/or in the event of delay in excess of the above time limits arising from circumstances beyond the control of the Assured. NOTE: It is necessary for the Assured to give prompt notice to the Assurer when it becomes aware of an event for which it is "held covered" under the Certificate and the right to such cover is dependent on compliance with this obligation. This insurance is subject to the following American Institute Cargo Clauses (1949): 1. Deviation, 2. Inchmaree, 3. Labels, 4. General Average, 5. Constructive Total Loss, 6. Bill ofLading , 7. Shore Clause, 8. Warehousing & Forwarding Charges, and 9. F.P.A.
When the property insured under this Certificate includes a machine, article, interest or set consisting when complete for sale or use of several parts, then in case of loss or damage covered by this insurance to any part of such machine, article, interest or set, the Assurer shall be liable only for the proportion of the insured value of the part lost or damaged, or at the Assured's option, for the cost and expense, including labor and forwarding charges, of replacing or repairing the lost or damaged part; but in no event shall the Assurer be liable for more than the insured value of the complete machine, article, interest or set. Whenever the words "ship", "vessel", "seaworthiness", "ship‐owner", or "vessel‐owner" appear, they are deemed to include also the words "aircraft", "air‐worthiness", "aircraftowner", subject, however, to the Limit of Insurance and Conveyances clauses of the Open Policy. The risks covered by this insurance include the risk of explosion, howsoever or wheresoever occurring during the currency of this insurance, unless excluded by the F.C. & S. warranty or the S.R. & C.C. warranty set forth in the Open Policy or unless proximately caused by inherent vice or nature of the subject matter insured or by the personal negligence or act of the Assured. This insurance is subject to the "Free of Capture and Seizure" warranty incorporated in the conditions of the Open Policy. Warranted free of loss or damage caused by or resulting from strikes, lockouts, labor disturbances, riots, civil commotions or the acts of any person or persons taking part in any such occurrence or disorder.
In the event of claim under this insurance for loss of or damage to merchandise or goods upon which there is a normal or usual loss, it is hereby mutually agreed that the claim shall be adjusted and the insured value of the part or parts lost or damaged shall be arrived at in the adjustment of the claim on the basis of expected outturn, whether or not the deduction of normal loss be provided in this insurance or be a trade custom. In case any agreement be made or accepted by the Assured with any carrier or bailee by which it is stipulated that such or any carrier or bailee shall have, in case of any loss for which the carrier or bailee may be liable, the benefit of this insurance or exemption in any manner from responsibility grounded on the fact of this insurance, then and in that event the Assurer shall be discharged of any liability for such loss hereunder. It is a condition precedent to any action, suit or proceedings for the recovery of any claim upon, under or by virtue of this insurance that such action, suit or proceedings shall be commenced within twelve (12) months next after the date of the accident, disaster, or event causing loss of, or damage to, the insured goods or giving rise to a claim for sue and labor expenses or, in case of a claim for general average contribution, salvage or special charges, next after the date of actual payment thereof by the Assured. Shipments to South America subject to 60 days South American Clause. This insurance is subject to the Marine Extension Clauses of the Open Policy. This insurance subject to the following current American Institute Clauses: Both to Blame Clause and Nuclear Exclusion Clause ‐ Cargo. When covered in conjunction with the Open Policy this i