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Content

 

S.no

Coverages

ICICI LOMBARD

1

Policy Type

Open marine Policy

2

Cover

ITC(A)+SRCC

3

Coverage

Road/Sea/Air

4

Basis of Valuation

CIF+10%

5

Policy sum Insured

1 Cr

 

 

6

Limit per sending

7

Limit per Location

25lac

8

Nature of packing

WOODEN CRATES/ WOODEN PALLETS/LOOSE/BAGS/OPEN TOP CRATE

25 lac

9

Voyage

India to any where in world

10 11

Premium S.Tax

7706 794

12

Net Premium

8500

NOTE Excess:

5% of the consignment consignment value subject to minimu minimum m of Rs . 25,000/- on each and every claim.

Standard Warranties:1

It is warr anted that the vessel used is in conformity with Institute classification Clause and should not be more than 25 years of age. It is warranted that goods are transported in closed wagons wagons and /or trucks to be covered with tarpaulin or any other water proof material to avoi avoid d ingress of water  It is warranted that non-containerized cargo is shipped under deck, for on deck non- containerized cargo premium will be extra prior to commencemen commencementt of the shipment. It is warranted that all shipments other than bulk car go shall be carried in containers, for non containerized cargo premium will be extra prior to c ommencem ommencement ent of the s hipmen hipment. t. It is warr anted shortage from seal intact containe containers rs is not covered in the policy. It is warranted any transit fr om, to or through Afghani Afghanistan, stan, Iraq, North Korea, Northern Sri Lanka, Somalia, Chechnya and Bosnia are not cov ered under the above mentioned policy. policy. It is warranted that if the weight of the cargo exceeds than Registration Laden weight/ Licensed Carrying Cap Capacity acity of the vehicle, as mentioned in the Registration Certificate of the vehicle, then any loss or damage arising out of such transit is not cove

Standard Clauses:

Open Policy Clause The declaration should be furnished within 15 days from the date of shipment or arrival of vessel at destination port whichever is earlier  Institute Radioactive Contamination Exclusion Clause. Cargo Termination of Storage in Transit Clause. Cargo Termination of transit Clause ( Terrorism) Insititute Chemical,Biological Chemical,Biological,, Bio chemaical Electromage Electromagentic ntic Weapons and Cyber attack Exclusion C lause Institute Classification Clause Important Notice Clause Cargo ISM Endorsement

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