Cargo Insurance

Cargo insurance

Import and export cargo insurance:

“Risk” is a word that no one wants to hear or mention. But in our daily life, risks may occur. It is also the case for cargo transportation. Risks may happen anytime anywhere. Risks may include loss of or damage to cargo due to fire, explosion, earthquake, storm, flood, tornado, collision or contact of vessel, craft or conveyance with any external object, etc. No one may anticipate risks. Therefore, it is important to minimize risks and find out remedial measures. Import and export cargo insurance will provide protection and minimize risks for cargo as follows:

* Subject-matters insured:

Depending terms and conditions selected, the following risks and expenses will be covered.

* Scope of cover:

– Fire or explosion.
– Vessel or craft being stranded grounded sunk or capsized.
– Collision or contact of vessel, craft or conveyance with any external object other than water.
– Discharge of cargo at a port of distress.
– Overturning or derailment of land conveyance.
– Earthquake, volcanic eruption or lightning.
– General average sacrifice.
– Jettison or washing overboard.
– Total loss of any package lost overboard or dropped whilst loading on to, or unloading from, vessel or craft.
– Entry of sea, lake or river water into vessel, craft, hold, conveyance, container or place of storage.
– Conveying vehicles being missing.
– Liability incurred under any “Both to blame Collision Clause”.
– Theft; broken; curved and/or crushed, dented distortion; shortage; spillage or leakage of any liquid or gas pollutant of any kind or nature, etc.
– Expenses reasonably incurred for averting and minimizing loss, adjusting loss, general average and salvage charges.

* Quotation: please contact our account executives for assistance.

Inland transit insurance:

Your cargo may face numerous risks during the transit by land, sea or air and loss of or damage to cargo will seriously affect your business. We are prepared to provide you with financial protection against unanticipated risks by ways of comprehensive cargo insurance solutions:

* Subject-matters insured:

Inland transit insurance covers cargo and properties transported by land, rail, river and sea within the territory of Vietnam.

* Scope of cover:

– Fire or explosion;
– Earthquake, typhoon, inundation, cyclone, tsunami and lightning;
– Means of conveyance being sunk overturned capsized fallen down or stranded, collision or contact of conveyance with any other external object or derailment;
– Blowing down of trees, collapse of bridges or tunnels and other structures;
– Conveying vehicles being missing;
– General average sacrifice;
– Expenses reasonably incurred for averting and minimizing loss, adjusting loss, general average and salvage charges.

* Quotation: please contact our account executives for assistance.

Hotline: 0977 222 085