Transportation Insurance
Insured Goods
For Imports and Exports:
Property owned by the Insured consisting of or in which the Insured has any insurable interest.
Covered Goods
Loss or damage to the insured property during import or export, caused by the risks listed below, according to the means of transportation used:
For Maritime Transport
- Unintentional fire and explosion;
- Stranding, stranding, capsizing, or sinking of the means of transport;
- Collision or contact of the means of transport with any external object other than water;
- Disembarkation of cargo at a port of forced arrival;
- Sacrifice in General Average or contribution of the Insured in General Average and Salvage Expenses, adjusted or determined, in accordance with the contract of carriage and/or with the applicable law and practices, incurred to avoid, or in connection with, acts to eliminate losses arising from any cause, except for those excluded in Clauses Three – Excluded Perils and Four – Non-Covered Perils, or in any other of this insurance.
- Jettison;
- Participation of the Insured in that proportion of liability which corresponds to him, by virtue of the “Both Parties at Fault Collision” clause of the contract of carriage, with respect to a recoverable loss.
For Ground Transport
- Unintentional fire and explosion;
- Collision, auto-ignition, overturning, or derailment of the means of transport, including collapse or collapse of bridges;
For Aerial Transport
- Unintentional fire and explosion;
- Crash, collision, or fall of the means of transport;
