CARGO INSURANCE
To secure additional protection of the value of your cargo, we are pleased to offer the Cargo Insurance to all our Customers upon the placement of the Forwarding Order. The Insurance shall be based on Institute Cargo Clauses A 1/1/09.
The benefits of such a solution are as follows:
- short claim procedures,
- compensation payable within 30-45 days from the date of loss or damage notification,
- the coverage of General Average and Salvage costs – for transport by sea only,
To conclude the Cargo Insurance it shall be necessary to declare the commercial value of the handled cargo in the forwarding order.
The terms and conditions of the insurance are presented below:
The Insurance Taker:
Prime Logistics Sp. z o.o.
The Insurer:
Towarzystwo Ubezpieczeń i Reasekuracji „WARTA” Spółka Akcyjna
The Insured:
A person / company having an insurable interest in the subject-matter insured at the time of the loss.
Deductible:
The amount indicated in the Policy / Certificate, deducted from the final compensation.
Subject of insurance:
- All containerized cargo transported by professional carriers by sea, land or air, being subject to a commercial contract, to which the forwarding services shall be provided by the Insurance Taker, unless it is excluded from the general agrement (see below).
- All non-containerized cargo (project cargo excluded) transported by the professional carriers, by sea, land and air, being subject to a commercial contract, to which the forwarding services shall be provided by the Insurance Taker, unless it is excluded from the general agrement (see below).
Cargoes excluded from the insurance cover:
- cigarettes and alcohol beverages ( excluding beer) transported by land
- computer equipment and accessories exceeding the value of PLN 100.000,- per one transport load/truck,
- mobile phones and accessories exceeding the value of PLN 100.000,- per one transport load/truck,
- TV sets and accessories as well as household articles exceeding the value of PLN 300.000,- per one transport load/truck
- live animals,
- works of arts, objects of significant scientific, cultural and artistic value, numismatic and stamp collections, objects of value to collectors,
- pecuniary value: domestic and foreign legal tenders, cheques, promissory notes and other documents used as alternatives to cash transactions: as well as precious metals, platinum, gold, silver and products made of the aforementioned metals; precious and semi-precious stones,
- perishables (as specified In the Annexe to the Regulation of the Council of Ministers of December 19, 1997 , item 1051),
- possessions transported as hand luggage,
- postal delivery,
- cement, fish meal, crude oil, cereal, coal, timber
- corpses and human remains,
- vehicles transported by open means of transport
- containers - as cargo
The a/m cargo may be insured, subject to specific terms and conditions agreed with the Insurer.
The Insurer shall not be liable for any damages to information/data carried by transported computers / optical equipment.
The Insurer’s Liability:
The liability of the Insurer starts not earlier than when the goods/cargo are transferred to transportation under Insurer Taker’s coverage and are only dedicated to the forwarding services provided by Insurer Taker.
Teritorial Limits:
- by air - all the world,
- combined by sea and land – all the world,
- Combined by air and land – all the world.
Insurance terms:
1. The cargo shall be insured against all transportation risks as per terms and conditions shown below, subject to regulations in point 8 below:
sea and land transport:
air transport:
2. The cargo shall be insured against the risks of loading/discharging as per Institute Cargo Clauses A
This insurance attaches from the time the subject-matter insured is first moved in the warehouse or at the place of storage (at the place named in the contract of insurance) for the purpose of the immediate loading into or onto the carrying vehicle or other conveyance for the commencement of transit and terminates on completion of unloading from the carrying vehicle or other conveyance in or at the final warehouse or place of storage at the destination named in the contract of insurance,
3. Conditions of political risks coverage:
by sea
by land/road:
by air:
The political risks coverage shall not apply to cargo transported to, from or via regions and countries of increased political risk, listed in the attachement to this Policy/Contract. The Insurer reserves the right to modify the Policy in case of unexpected changes of political situation in the concerned region/country
4. Deductible of PLN 400,00 shall apply to each damage.
5. The following clause shall always apply for machinery insured under this insurance:
6. The following clauses shall always apply:
7. Additionally, the insurance covers:
- breakages understood as damages arising from natural properties of goods/cargo, provided that the cargo has been properly packed and prepared for the transport,
- costs of utilization (physical damage) of a whole or part of a load unusable for any purposes as a result of an event covered by this insurance, not more, however, than PLN 50.000,00 per one event. Costs of utilization shall be reimbursed over the sum insured
8. The insurance of used property can be effected as per Institute Cargo Clauses A 1/1/09, provided that technical parameters, descriptions and photo documentation of such used property shall be delivered before the commencement of the transport.
Insurance Value:
1. Insurance value is the actual value of the cargo in the place and time of shipment, specified in the commercial invoice, increased by the transportation and insurance costs – if such costs were not included in the invoice and by 10% (110% CIF value).
2. Additional Cover for Duty 5/8/97 clause
(being an attachement to this Policy/Contract) – allows to increase the insurance value by:
- tax expenses – VAT, excise duty;
- customs duty payable in the destination country or in the country of transit.
3. Maximum limit of the amount insured per one vehicle (truck, vessel, plane):
- EUR 3.000.000,- per one vessel;
- EUR 800.000,- per one truck;
- EUR 1.500.000,- per one plane, one railway car Or Rother means of transportation
4. If the insurance value of the cargo exceeds the limit defined above, it shall not be covered by this insurance, unless the Insurer agrees to provide the insurance cover for such cargo. Such cargoes can be subject to individual, additional terms and conditions and payment of additional premium may be required.
Claims procedure:
1. Upon receiving information concerning loss or damage to the insured cargo, the Insured is obliged to notify the Insurer immediately. The Insurer may limit the compensation by the amount which shall arise due to not proper notification of damage.
2. The Insured is obliged to deliver to the Insurer the documents and information necessary to determine the policy-based liability, in particular, the actual state of events, justification of the reported claims and the volume of the benefit:
a) policy/certificate,
b) calculation of the claim,
c) commercial invoice and packing list,
d) B/L or CMR or AWB or other document as proof for carriage,
e) protocol made by the carrier or by the Insured or by the receiver with the presence of a third party,
f) survey report (not obligatory),
g) cession of rights
h) additional information, in writing, which may be useful for the Insurer to evaluate the situation
3. It is the duty of the Assured and their employees and agents in respect of loss recoverable under this insurance to take such measures as may be reasonable for the purpose of averting or minimising such loss,
4. It is the duty of the Assured and their employees and agents in respect of loss recoverable under this insurance to ensure that all rights against carriers, bailees or other third parties are properly preserved and exercised.
5. The Insurer shall pay the compensation within 30 days from the date of receiving a notice of a loss or damage, provided that all the necessary documents have been delivered to the Insurer within 14 days from the damage. If it is not possible to establish the Insurer’s liability or the amount of compensation within the period of 30 days, the compensation shall be paid within 14 days from the date of clarifying those circumstances.
6. The compensation payable to the Insured, who have their registered Office in Poland, shall be paid in Polish Zloty (PLN) based on the table of Average Exchange Rate of the Polish National Bank at the day of the decision granting the compensation.
7. The compensation payable to the Insured having their registered office in any other country, shall be paid in the currency specified in the Policy / Certificate.
8. In case of any loss or damage, please contact:
Towarzystwo Ubezpieczeń i Reasekuracji „WARTA” Spółka Akcyjna
Centralne Biuro Likwidacji Szkód Klientów Korporacyjnych w Gdyni
81-332 Gdynia, ul. Kołłątaja 1
tel. (58) 662 44 40 lub (58) 662 44 09 lub (58) 662 44 24
fax: (58) 662 45 15 lub (58) 662 44 10
e-mail: casgdyn@warta.com.pl
or (if the damage has been found outside Poland) the nearest Lloyd’s agent.
The Lloyd’s agents list can be found on the following website:
agents.lloydsagency.com/AgentDirectory.aspx
General conditions:
The following regulations shall apply for the matters not regulated by this cargo insurance agreement:
