Cargo insurance - property insurance, used to protect the cargo from transport risks (damage, loss, destruction of cargo) during transport from the shipper to the consignee different types of multimodal transport as well as mixed (combined) services.When cargo insurance is insurance of the following types of traffic load:
Insurance of goods in road transport (fear as internal transport of goods as international transport of goods);
Cargo insurance for rail transport (fear as domestic rail freight and international rail freight);
Insurance of goods in air transport (insurance of domestic transportation and international air traffic);
Insurance of cargo transportation by water transport (river and sea water transport) (insurance inland waterways and international water transport of cargo);
Insurance of goods in multimodal transport, ie Transport of goods by mode (insurance combined transport goods (domestic and international cargo)
International transport of goods - is transportation of goods, covering several countries, for international transport are including transport of goods in the CIS, Europe, Asia, intercontinental transport.
Domestic cargo - cargo is in the transport infrastructure of one country (eg, cargo within Russia, transportation between the different actors of the Russian Federation - are treated as domestic).
Multimodal transport - transportation is one type (type) vehicles.
Mixed (combined) transport - is transport multiple types (species) of vehicles.
Objects of insurance for insurance of goods:
All kinds of goods (goods, equipment, liquid cargo, oversized cargo, oversized cargo, general cargo, general cargo, heavy cargo, containerized cargo, perishable goods), including hazardous cargo carried by all modes of transportation around the world;
The costs associated with the transportation of goods (freight, security services for cargo, customs duties, transportation and overhead costs for the delivery of cargo to the destination and other costs associated with shipping);
Expected profit at the destination from the sale of goods but not more than 10% of the sum insured shipping (with insurance of the object used INCOTERMS 2000).
Insurance risks (insurance coverage) for cargo insurance:
Risks covered by cargo insurance are divided into three types, depending on the scope of protection offered by insurance:
1. With responsibility for all risks - are covered losses from loss or damage during transportation of all or part of the goods that have taken place, for any reason, including theft, burglary, robbery, seizure, loss or destruction, together with the conveyance, intentional or unintentional damage to the goods of others, fire, explosion, accidents, accidents, and natural disasters, except for common exceptions (the Civil Code, the Rules of the Institute of London Underwriters);
2. With particular average - are covered losses from damage or loss of all or part of the goods that have taken place on a named list of risks (exceptions are the same), for example:
losses from theft of entire cargo packages;
losses from damage or loss of all or part of the goods that have occurred as a result of natural disasters, wreck, collision carriers with each other, their impact on the fixed and movable objects, including ice, fire, explosion on a conveyance or near the cargo bay or sea water fire fighting;
losses due to loss of cargo along with vehicle;
losses from damage or loss of all or part of the cargo loading, stowage and unloading.
3. No liability for damages, except crash - compensated:
losses from the total loss or disappearance of goods or parts of goods (whole) occurred due to natural disasters, wreck, collision carriers with each other, their impact on the fixed and movable objects, including ice, fire, explosion on a conveyance or near the cargo bay sea water or fire fighting;
losses due to loss of the goods together with the means of transportation;
losses from the total loss of all or part of the cargo at the loading, stowage and unloading;
losses are compensated for damage to the goods only if they are incurred in the crash or collision carriers with each other, their impact on the fixed and movable objects, including ice, fire or explosion on a conveyance or near it, ie means of transportation in the accident.
Additional risks are recoverable:
expenses and contributions in general average, as well as resulting in connection therewith;
costs of salvage reduction of the loss, the establishment of the amount of loss, provided if the risk is non-refundable under the terms of insurance.
The period of insurance for insurance of goods:
When insuring goods in transit, multiple insurance:
Single cargo insurance - insurance for a period of particular transport (one-time shipment, single shipping) - The insurance is valid for the duration of carriage;
Reusable cargo insurance (insurance of goods by general policy, the General Agreement) generally is a long time. Insurance general policy is possible if the continued implementation of similar traffic on the same route similar (homogeneous) goods. The advantages of the general insurance contract is a significant reduction in workflow, accelerating and usually this type of insurance is used by transport companies have permanent contracts of carriage with certain counterparties, characterized by constant as on the timing, and routes and transported commodity.
With responsibility for all risks.
In this variant, cargo insurance compensates losses, which were the causes of almost all the dangers and accidents of transportation.
With particular average.
Cargo insurance on such a program involves compensation for losses from damage or loss of all or part of the goods that have occurred under the impact of natural forces, wreck or collision of vessels, aircraft and other carriers with each other, damages due to loss of a vessel or aircraft missing. Also compensates losses caused by the loss or damage that occurred during the loading, stowage or unloading of cargo.
No liability for damage, unless the crash.
In cargo insurance in this way compensates losses in the event of total loss of the cargo occurred under the impact of natural forces, loss of the ship or aircraft missing, accidents in handling cargo, as well as damage to the goods if it is caused by the crash or collision ship, fire, explosion, etc.
