Knowledge Base

Carriage of Goods by the basic insurance

Basic insurance can be individually insured, the insured person insured must choose one of the basic insurance Progressive insurance. The basic insurance of marine cargo insurance, including Ping An Insurance (FPA), W. P. A. (WPA, or WA) and all insurance (All Risks).
Ping An insurance coverage, including those caused by natural disasters apart from the individual other than the perils of the sea by a general average for all damage caused and costs. These include:
In the transport process, due to natural disasters caused by the insured goods, the actual total loss or constructive total loss.
As the means of transport encountered stranded, running aground, sinking, collision or other objects with the flow of ice collisions, as well as fires, explosions and other accidents caused by the insured in whole or in part of the loss of goods.
Have occurred as long as the means of transport stranded, running aground, sinking, burnt down by accident, be it before or after the accident had encountered bad weather at sea, lightning, tsunamis and other natural disasters caused by partial loss of insured goods.
Loading and unloading ships in the transfer process, the insured goods, one or more parts, the whole into the sea caused by the loss of all or part of the loss.
The insured person being insured the goods to take responsibility for the dangerous rescue, the measures to prevent or reduce the payment of the reasonable costs of cargo damage, but not to exceed the amount of insurance of the goods rescued batch limit.
Means of transport to natural disasters or accidents, the need in the middle of the port or docked at the port of refuge, thus causing the unloading, loading, storage and delivery of goods arising from the special fee.
General average sacrifice, sharing and relief costs.
Transportation leases have "Ship collision liability" clause, according to the terms of repayment by the cargo ship losses.
W. P. A. coverage, including the perils of the sea caused by all losses and expenses. Namely, peace on the basis of risk, coupled with natural disasters particular average.
All insurance coverage, including the W. P. A. all the responsibilities, but also by the general loss of external risks.
According to the insurance provisions, the above basic responsibility of beginning and cessation of insurance coverage, using the international insurance industry, GM's' warehouse to warehouse clause "(W / W Clause). This provision stipulates that an insurer's insurance liability self-insured the goods from the insurance policy specified in place of dispatch to warehouse or storage premises begin transportation in effect until the goods arrive at the destination consignee insurance policies set forth in the final warehouse or storage of the premises or the insured person for distribution, assignment or other normal transport repository so far. failure to reach the destination, the port of unloading the goods at the final full 6O days after discharge from the seagoing vessel. At the 6O days, the longer the need to transfer, then began to transfer to terminate when the liability insurance.
Basic insurance also provides for the above-mentioned exception of the following responsibilities:
(L) the insured person's intentional act or negligence caused by the loss;
(2) were caused by the loss of the responsibility of the consignor;
(3) liability insurance before the start of the insured goods have been there a short amount of poor quality or damage caused by the poor;
(4) the insured goods, natural wear and tear, the nature of defects, features and price drops, the transport delay caused by the losses and costs;
(5) belongs to Ocean Marine Cargo war risk insurance terms and provisions of the Carriage of Goods strike areas of responsibility, and exclusion.

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