*8778
Cargo Insurance
Regardless of the conditions of transportation agreement there is always possibility of losses during the carriage. Cargoes often are being damaged, stolen or spoilt. According to the statistics the most frequent losses are theft, shortage or partial damage.
The most rational solution in such situations is cargo insurance.
"Mega Insurance" OJSC provides reliable insurance protection for transportation and storage of cargoes for many years.
Subject matters of insurance:
All types of cargoes carried by any type of transport
Perils insured against:
Mega Insurance OJSC provides for its client cargo insurance coverage that is based on worldwide broadly used the Cargo Institute Clauses. Insured perils can vary depends on the coverage provided.
The extent of the coverage of the most popular and broadly used the Cargo Institute A, B and C Clauses is outlined hereunder:
| № | Risks | Type of Coverage | |||
| A | B | C | |||
| 1 | Fire and explosion | ||||
| 2 | Stranding, grounding, sinking or capsizing | ||||
| 3 | Overturning or derailment of land conveyance | ||||
| 4 | Collision | ||||
| 5 | Discharge at port of distress | ||||
| 6 | Total loss of vessel | ||||
| 7 | General Average sacrifice | ||||
| 8 | Jettison of cargo | ||||
| 9 | Earthquake, volcanic eruption or lightning | ||||
| 10 | Washing overboard | ||||
| 11 | Entry of sea, lake, river water to hold or container | ||||
| 12 | Total loss of package during loading/unloading | ||||
| 13 | Rainwater | ||||
| 14 | Malicious damage | ||||
| 15 | Breakage | ||||
| 16 | Shortage | ||||
| 17 | Pilferage | ||||
| 18 | Theft | ||||
| 19 | Wilful miscoduct of the Assured | ||||
| 20 | Ordinary leakage, or loss in weight or volume | ||||
| 21 | Ordinary wear and tear | ||||
| 22 | Insufficient or unsuitable packaging or preparation | ||||
| 23 | Inherent vice | ||||
| 24 | Delay | ||||
| 25 | Insolvency of financial default of ship owners | ||||
| 26 | Unseaworthiness or unfitness of vessel or container | ||||
| 27 | War, capture or seizure (but see Institute War Clauses) | ||||
| 28 | Strikes, riots or terrorism (but see Institute Strikes Clauses) | ||||
