Planning to transport a yacht or catamaran?
Want to import boat from America to Australia?
Insurance is vital part of your international transportation, as there are many 3rd party providers that are involved in the process as well mother nature to contend with so there is always a chance of damage or even total loss.
DAZMAC strongly recommends to all importers and exporters have a marine insurance.
DAZMAC in conjunction with Transglobal Auto Logistics can proudly offer full risk marine insurance for your cargo/es international transportation.
Full Risk Cover: 1.5% of the insured value
*Goods Value + Freight Value = Insured Value
Minimum Charge: USD 250
Below are some key details of the policy.
Cargo Covered:
- VEHICLES – POVs, buses, Motorhomes, Trucks, etc..
- BOATS
- TOWABLE TRAILERS – Travel Trailers, Horse Trailers, Utility Trailers, etc.
- MACHINERY – Agricultural Equipment, Construction, Mining, Oil, Cranes, etc..
Backed by Lloyd’s of London
Excludes Yugoslavia, Iran, Libya, and Nigeria
War Risk: Request for insurance to War Risk areas must be submitted to marineinsurance@tgal.us for approval and rates.
Areas considered “War Zone” include:
- Africa – Benin, Eritrea, Gulf of Guinea, Libya, Nigeria, Somalia
- Asia – Pakistan
- Europe – Georgia
- Indonesia/ Malaysia / Philippines
- Middle East – Bahrain, Iran, Iraq, Israel, Lebanon, Saudi Arabia, Syria, Yemen
- South America – Venezuela
Minimum premium – based on $15,000
Bases of valuation – Can declare just cost of goods or sum of Cargo, Insurance, Freight plus up to additional 10%
Limit of Liability – $1,000,000
Deductible – 1% with minimum deductible of $250
Coverage is Port to Port or warehouse to warehouse (container shipments). Excludes mechanical and/or electrical derangement.
On construction/agricultural equipment excludes claims for wear, tear, scratching, marring as well as rust, oxidation or discoloration.
Claims Surveys – Lloyd’s Undewriters agents &/or Surveyor to be appointed in respect of all claims which are expected to be in excess of $1,000.00
Type: Marine Cargo
Form: MAR91
This insurance is subject to the exclusive jurisdiction of the English Courts, except as may be expressly provided herein to the contrary.
Assured: Trans Global Auto Logistics Inc
and/or Associated and/or Subsidiary Companies and/or for whom they have instructions to insure.
Period: Twelve months Open Cover to accept all risks attaching on or after 00.01hours on 15th
August 2012 local time and expiring 00.01hours on 15th August 2012.
Cancellation Clause: Subject to 30 days notice of cancellation from either party at any time for Marine risks, 7 days notice of cancellation for War, Strikes, Riots and Civil Commotions risks, but 48 hours notice of cancellation for Strikes,Riots and Civil Commotions risks in respect of sending to or from the USA.
Cancellation shall become effective on the expiry of the appropriate number of days from midnight of the day on which notice of cancellation is issued by Assured or to Underwriters but shall not apply to any transit insurance which shall have been declared or attached in accordance with contract terms and conditions before the cancellation becomes effective.
Conveyances: Per Land,Sea or Air Conveyances but excluding ocean tows unless agreed by Underwriters prior to shipment.
Subject to the Cargo ISM Endorsement (JC98/019} 1May 1998} plus Forwarding Charges
Clause without additional premium.
Voyage/Geographical
Limits:
From: To:
Any port(s) and/or place(s) in the World. Any port(s) and/or place(s) in the World.
But excluding shipments to or from the former Yugoslavia,Iran,Iraq, Libya and Nigeria unless agreed by Underwriters prior to shipment
Including domestic transits within the U.S.A. and/or Canada when requested and paid for. Including trans-shipment risks whether customary or otherwise
Subject-Matter
Insured:
Goods &/or Merchandise of every description excluding the attached
‘Non-Approved Commodity Index’ and subject to the exclusions as contained therein.
Basis of Valuation: As declared. In the event of loss, prior to declaration to be valued at Cost, Insurance & Freight plus up to 10%.
Type: Marine Cargo
Form: MAR91
This insurance is subject to the exclusive jurisdiction of the English Courts, except as may be expressly provided herein to the contrary.
Assured: Trans Global Auto Logistics, Inc.
and/or Associated and/or Subsidiary Companies and/or for whom they have instructions to insure.
Period: Twelve months Open Cover to accept all risks attaching on or after 00.01hours on 15th
August 2012 local time and expiring 00.01hours on 15th August 2012.
Cancellation Clause: Subject to 30 days notice of cancellation from either party at any time for Marine risks, 7 days notice of cancellation for War, Strikes, Riots and Civil Commotions risks, but 48 hours notice of cancellation for Strikes,Riots and Civil Commotions risks in respect of sending to or from the USA.
Cancellation shall become effective on the expiry of the appropriate number of days from midnight of the day on which notice of cancellation is issued by Assured or to Underwriters but shall not apply to any transit insurance which shall have been declared or attached in accordance with contract terms and conditions before the cancellation becomes effective.
Conveyances: Per Land,Sea or Air Conveyances but excluding ocean tows unless agreed by Underwriters prior to shipment.
Subject to the Cargo ISM Endorsement (JC98/019} 1May 1998} plus Forwarding Charges
Clause without additional premium.
Voyage/Geographical
Limits:
From: To:
Any port(s) and/or place(s) in the World. Any port(s) and/or place(s) in the World.
But excluding shipments to or from the former Yugoslavia, Iran, Iraq, Libya and Nigeria unless agreed by Underwriters prior to shipment
Including domestic transits within the U.S.A. and/or Canada Including trans-shipment risks whether customary or otherwise
Subject-Matter
Insured:
Goods &/or Merchandise of every description excluding the attached
‘Non-Approved Commodity Index’ and subject to the exclusions as contained therein.
Basis of Valuation: As declared. In the event of loss, prior to declaration to be valued at Cost, Insurance & Freight plus up to 10%.
In addition, the following additional conditions and exclusions apply:
A) Boats
Subject to a deductible of 1.00% (one per cent) of the insured value with a minimum deductible of USD 250 each and every claim each boat.
From port to port or tackle to tackle only.
B) Household Goods and Personal Effects
Subject to itemized inventory
Warranted professionally packed
Subject to attached LPO 222 Conditions.
C) Chinaware,Glassware,Crystal,Cement,Tiles and Glass Items
Breakage and cracking claims subject to a deductible of 5.00% (five per cent) (minimum of USD 500) of the insured value.
Warranted professionally packed for export.
D) Automobiles
Including unboxed motorcycles
Subject to a deductible of 1.00% (two per cent) of the insured value with a minimum deductible of USD 250 each claim each automobile.
Risk to attach from time of delivery to the Steamship Company at port of shipment and continues until delivery by the Steamship Company at port of destination, but not exceeding 15 days after discharge from the Steamer.
Notwithstanding the above, automobiles shipped in containers are covered hereunder from warehouse to warehouse.
No coverage shall be granted hereunder while the vehicle is under its own power except during loading or unloading to or from a carrying vessel or conveyance or to or from ship’s side within port area.
Excludingclaims for mechanical and/or electrical derangement.
E) Machinery
Institute Replacement Clause CL372 1.12.08 &/or the Second-hand
Replacement Clause as applicable.
Excluding mechanical or electrical derangement. Deductible of 1.00% of insured value
Used or Reconditioned Machinery:
Excluding claims for wear, tear &/or gradual deterioration. Excluding claims for scratching, marring &/or cost or repainting. Excluding claims for rust,oxidation or discoloration.
F) Alcoholic Beverages
Subject to a deductible of 1.00% (one percent) of the insured value (minimum
USD 250) for pilferage and breakage.
G) Frozen Foods
Institute Frozen Food Clauses (A) (excluding Frozen Meat) CL263 1.1.86 &/or Institute Frozen Meat Clauses (A) CL323 1.1.86. Institute Strikes Clauses (Frozen Food) (excluding Frozen Meat) CL265 1.1.86 &/or
Institute Strikes Clauses {Frozen Meat) CL326 1.1.86.
In respect of refrigerated interests the above Clauses amended to
‘temperature controlled’ as appropriate.
H) Steel Sheets,Bars and Pipes
Excluding claims for rust, oxidation,discoloration,twisting and bending. Subject to the following Cutting Clause:
In the event of a claim for damage to pipes and tubes Underwriters shall only be liable for the damaged parts providing that the damage is such that it is practicable to use the remaining sound portion of the pipe or tube for the purpose for which it was originally intended.
The damaged portion of each pipe or tube to be cut off and Underwriters to pay the proportionate value of each part cut of and to receive any salvage of such proportion.
I) Bagged Items
Insuring conditions for bagged commodities are ICC ‘B’ unless goods are packed in paper bags shipped in sealed ‘Door to Door’ containers which shall be subject to ICC ‘A’ but subject to a deductible of 2.00% (two per cent) of insured value each bill of lading separately insured.
J) Perfumery Products & related items of every description
Insuring conditions all risk, port to port coverage only. All claims subject to a
2% (minimum USD 500) deductible ofthe insured value. In no case shall this insurance cover ordinary leakage, ordinary loss in weight or volume or ordinary wear & tear of the subject-matter insured or theft or any unexplained shortage unless such theft or shortage can be demonstrated to have taken place by violent &/or forcible entry to the container &/or carrying conveyance &/or place of store during the period of this insurance.
Shipments within continental United States via common carrier warranted GPS tracking &/or team drivers no coverage for vehicle left unattended. In addition to these insuring conditions the ones for air or ocean transit also apply.
No shipment in excess of USD 100,000 to be insured without underwriters’ approval.
Warranted: All shipments by air are in non-descript packaging and sealed with TOPP Clip seals or similar security devices and shipments by ocean are shipped in door to door containers and are secured with a locking bar or wire seal securing both turning bars.
K) Electronic Equipment & related items of every description
Insuring conditions all risk, warehouse to warehouse coverage only. All claims subject to a 1% (minimum USD 500) deductible of the Insured value except for shipments of white goods and household appliances other than goods such as DVD’s,VCR’s IPOD’s,Plasma &/or LCD,LED or DLP Televisions, digital cameras &/or goods of a similar nature.
In no case shall this insurance cover ordinary leakage, ordinary loss in weight
or volume, or ordinary wear & tear of the subject-matter insured or theft or any unexplained shortage unless such theft or shortage can be demonstrated to have taken place by violent &/or forcible entry to the container &/or carrying conveyance &/or place of store during the period of this insurance. Shipments within continental United States via common carrier warranted GPS tracking &/or team drivers. No coverage for vehicle left unattended.
L) Cargo Placed inside of Container-it, LLC
Warranted must be inspected prior to loading by Accurate Marine Surveyors, Inc. &/or Gold Coast Repairs, Inc. Warranted Inspection seal must be placed on the container and a copy of the inspection report provided to Cargo International. Warranted Inspection of the containers can not be more than
30 days prior to shipping.
General Conditions:
War and Strikes Risks:
Including War risks, if applicable, subject to the following clauses. Notwithstanding anything contained herein to the contrary coverage for War risks shall attach and terminate as per the following clauses:
Institute War Clauses (Cargo) CL385 1.1.09 &/or
Institute War Clauses (Air Cargo)(excluding sendings by post) CL388 1.1.09
Institute War Clauses (sendings by post) CL390 1.3.09
Institute Strikes,Riots and Civil Commotions risks subject to the following Clauses: Institute Strikes Clauses (Cargo) CL386 1.1.09 &/or