Products Insurance Cargo Insurance / Freight Insurance Cargo Insurance Disclosures
Policies issued insure against all risks of physical loss or damage from any external cause irrespective of percentage, excepting risks excluded by the FC&S (Free of Capture and Seizure) and SR&CC (Strikes, Riots, and Civil Commotions) Warranties appearing elsewhere in this policy. Including always the risks of jettison and/or loss or washing overboard.
Actual disclosures, terms & conditions can be found on the policy once it is issued.
Alcoholic Beverages:
Valuation excluding any taxes, duties etc. Subject to deductible 10 % of the claim, minimum USD 1,500
Bulk Commodities, Fish Meal, Cement, Scrap Paper, Newsprint, Lumber, Logs, Plywood, Timber:
Covered under Free of Particular Average (FPA) terms. See policy for details.
Ceramics, pottery and porcelain, China, glass and glassware, Glass mirrors and windows, Bricks, Earthenware, Marbles, Granite, Slate, Cut Stone Statuary, Light Bulbs:
Subject to breakage deductible 10 % of the claim, minimum USD 1,500
Candy, Chocolate Confectionery Eggs, Frozen food, Meats, Fruits, Vegetables, Dairy Products and other Perishables:
Deterioration
Iron and Steel products (e.g. Pipes, Tubes, Coils, Sheets, Beams, Wires, Structural, Plates etc.), Tin Plate:
Excluding: Rust, oxidation, discoloration (ROD) \ Bend and twist, and \ Scratching, denting, chafing
Used Merchandise (including Used Autos and Boats):
Excluding: Mechanical derangement, electronic failure \ Bend and twist, and \ Scratching, denting, chafing
Household Goods and Personal Effects (Not Owner Packed):
Subject to items being professionally packed, excluding denting, marring scratching and chipping.
New Autos and Boats:
Excluding denting, marring scratching and chipping and cost of repainting.
Fine Arts (Paintings):
Subject to USD 1,500 deductible per occurrence. USD 300K maximum limit per any one shipment, USD 50K per any one item.
Updated July 22, 2020