Cargo Insurance

Cargo Insurance:

RISK/PERIL FPA WA ALL-RISK ICC "A" ICC "B" ICC "C"
Sinking YES YES YES YES YES YES
Stranding YES YES YES YES YES YES
Collision YES YES YES YES YES YES
Burning YES YES YES YES YES YES
Explosion YES YES YES YES YES YES
Jettison NO (2) YES YES YES YES YES
Washing Overboard YES YES YES YES YES NO
Falling Overboard YES YES YES YES YES (1) NO
Heavy Weather NO (2) YES YES YES NO NO
Seawater Entry Heavy Weather NO (2) YES YES YES YES NO
Errors in Mgmt. YES YES YES YES NO NO
Bursting Boilers YES YES YES YES NO NO
Latent Defects YES YES YES YES NO NO
Freshwater NO NO YES YES YES (3) NO
Ship's Sweat NO NO YES YES NO NO
Condensation NO NO YES YES NO NO
Steam NO NO YES YES NO NO
Improper stowage NO NO YES YES NO NO
Hook Damage Mud ,Grease NO NO YES YES NO NO
Theft of Entire Package NO NO YES YES NO NO
Non-Delivery NO NO YES YES NO NO
Pilferage NO NO YES YES NO NO
Leakage NO NO YES YES (4) NO NO
Breakage NO NO YES YES YES (5) YES (5)


(1) NOT COVERED FOR HEAVY WEATHER ONLY DURING LOADING OR UNLOADING
(2) ONLY FOR TOTAL LOSS OF THE PACKAGE OR SHIPPING UNIT
(3) ONLY FOR CARGO INSIDE A SHIP, CRAFT OR CONVEYANCE OR INSIDE A
CONTAINER, LIFT VAN OR PLACE OF STORAGE
(4) ONLY IF THE LEAKAGE IS NOT "ORDINARY"
(5) IF REASONABLY ATTRIBUTABLE TO A COVERED RISK



CARGO INSURANCE COVERAGE RATES:

 

AUTO/BOAT

HHG/PE

GEN.MERCH

REST.MERCH

ALL-RISK

1.5%

2.3%

1.0%

1.3%

WA

1.0%

1.5%

0.8%

1.0%

FPA

0.9%

1.4%

0.7%

0.9%


* AUTOS/BOATS/MOTORCYCLES (containerized): All-risk subject to a 3% deductible of the insured value, $500 minimum. No coverage shall be granted while any vehicle is being operated under its own power, except for loading/unloading purposes. Insurance attaches from the time the automobile is delivered to the steamship line until delivered to the owner, but not to exceed 72 hours prior to sailing or discharge.
* For automobiles in excess of 5 years of age, coverage is limited to WA only with option to extend coverage to include theft and/or non-delivery at additional rates per policy (0.25%)
* HHG/PE: If professionally packed with a valued, itemized inventory, insured all-risk subject to 3% deductible, $500 minimum. If not professionally packed or itemized, insured FPA coverage only with option to extend coverage to WA including theft and non-delivery at additional premium per policy (0.25%)
* USED GOODS: All risk excluding mechanical and electrical or electronic derangement unless there is evidence of external damage to the insured item or its packing. Also excludes loss or damage due to wear, tear, gradual deterioration and climatic or atmosphere conditions or extremes of temperature. Also excluding breakage, scratching, denting, chipping, staining and cost of repainting. Also to exclude rust, oxidation, and discoloration.

Atlantic Express Corp. Role and the Carrier's Liability

Ocean freight
Air freight
Auto export
Small packages
Trucking