Cargo Insurance

DETAILS

Eligibility 

  • Goods transported from Vietnam to other countries around the world

  • Goods transported from other countries around the world to Vietnam

    Scope of Coverage

    • 1. Fire or explosion
    • 2. Vessel or craft being stranded, grounded, sunk or capsized
    • 3. Overturning or derailment of land conveyance
    • 4. Collision or contact of vessel, craft or conveyance with any external object other than water
    • 5. Discharge of cargo at a port of distress
    • 6. General average sacrifice
    • 7. Jettison 
    • 8. General average expenses and salvage charges
    • 10. Both to blame collision
    • 13. Earthquake, volcanic eruption or lightning
    • 14. Entry of sea, lake or river water into vessel, craft, hold, conveyance, container, liftvan or place of storage
    • 15. Total loss of any package lost overboard or dropped whilst loading on to, or unloading from, vessel or craft
    • 16. Washing overboard 
    • 17.Piracy 
    • 18. Barratry of Master, Officers or Crew
    • 19. Any other risks (theft, pilferage, non-delivery, breakage, etc.)
    • 1. Fire or explosion
    • 2. Vessel or craft being stranded, grounded, sunk or capsized
    • 3. Overturning or derailment of land conveyance
    • 4. Collision or contact of vessel, craft or conveyance with any external object other than water
    • 5. Discharge of cargo at a port of distress
    • 6. General average sacrifice
    • 7. Jettison 
    • 8. General average expenses and salvage charges
    • 10. Both to blame collision
    • 13. Earthquake, volcanic eruption or lightning
    • 14. Entry of sea, lake or river water into vessel, craft, hold, conveyance, container, liftvan or place of storage 
    • 15. Total loss of any package lost overboard or dropped whilst loading on to, or unloading from, vessel or craft
    • 16. Washing overboard
    • 1. Fire or explosion
    • 2. Vessel or craft being stranded, grounded, sunk or capsized
    • 3. Overturning or derailment of land conveyance
    • 4. Collision or contact of vessel, craft or conveyance with any external object other than water
    • 5. Discharge of cargo at a port of distress
    • 6. General average sacrifice
    • 7. Jettison 
    • 8. General average expenses and salvage charges
    • 10. Both to blame collision

    Exclusions

    ELIGIBILITY:

    • Inherent vice or nature of the subject-matter insured (latent defects);

    • Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter insured;

    • Insufficiency or unsuitability of packing;

    • Delay or loss of market;

    • Unseaworthiness of vessel or craft;

    • Insolvency or financial default of the owners, managers, charterers or operators of the vessel.

    • Any willful misconduct of the Assured.

    Eligibility

    • Goods transported within the territory of Vietnam

    • Containers transported within the territory of Vietnam 

    • Means of conveyance being sunk overturned capsized fallen down or stranded; collision or contact of vessel, craft or conveyance with any other external object or derailment;

    • Blowing down of trees, collapse of bridges or tunnels and other structures;

    • Conveying vehicles being missing;

    • General average sacrifice.

    Scope of Coverage

    • Fire or explosion;

    • Earthquake, typhoon, inundation, cyclone, tsunami and lightning;

    • Means of conveyance being sunk overturned capsized fallen down or stranded, collision or contact of conveyance with any other external object or derailment;

    • Blowing down of trees, collapse of bridges or tunnels and other structures;

    • Conveying vehicles being missing;

    • General average sacrifice.

    Exclusions

    • War, strike, civil war, revolution, rebellion insurrection, or civil strife, mines, torpedoes, bombs or other weapons of war;

    • Direct or indirect consequence of radiation or radiation contamination arising from the use of atomic energy or nuclear fission and/or fusion or like reaction or radioactive matter;

    • Willful misconduct or unlawful act of the Assured or his servants;

    • Any loss, damage or expense caused by inherent vice or nature of goods insured;

    • Overloading;

    • Insufficiency or unsuitability of packing or loading of goods in damaged conditions;

    • Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of goods insured;

    • Unseaworthiness of vessel or craft;

    • Loss, damage or expense proximately caused by delay, even though the delay be caused by a risk insured against;

    • Any damage to goods before the inception date of the policy;

    • Goods are to be forwarded to a destination other than that to which they are insured hereunder.
       

     

    Eligibility:

    The carrier’ liability of under any contract of carriage and its liability to third parties not named in the contract

    Scope of Coverage

    • The carrier’s liability for the goods in transit

    • The carrier’s liability to third parties.

    • Liability to authorities

    • Expenses and losses

    Exclusions

    • Phá sản, mất khả năng chi trả của Người được bảo hiểm

    • Weapons of war, radioactive substances, ionizing radiation

    • Liability arising from vessel or aircraft chartering

    • Damage to goods banned from sale or transportation

    • Damage related to computer software

    • Any other exclusions as specified in the policy wording