Category: Insurance tips Release Date: 2006-08-01
1. Land Insurance (Overland Transportation Risks), and ground transportation all risks (Overland Transportation All Risks). Risk areas of responsibility land and marine cargo insurance in the W. P. A. Similarly, insurance companies are the insurance of goods in transit subject to storms, lightning, earthquakes, floods and other natural disasters and suffering due to carrier collisions, overturning, derailment, if lightering process, including lightering tools stranding, running aground, sinking, collision or as a result suffered the tunnel collapsed, cliff collapse or fire, explosions and other accidents caused by the loss of all or part of the responsibility for compensation, that is, except insurance companies bear the responsibility of the land and move outside the insurance , also due to external causes in general deficient goods, theft, leakage, broken, and all or part of the damages. Land insurance and land transport of all insurance liability insurance and marine cargo insurance period of the same, but also to adopt? Quot; warehouse to warehouse clause. "But up to the insured cargo arrives at the unloading station, until the expiration of 60 days.
2. Air Transport Insurance (Air Transportation Risks) and air transportation all risks (Air Transportation All Risks), respectively, with the land all risks insurance and land transport is basically the same. Of its insurance liability period is a "warehouse to warehouse clause," but up to the insured goods to up to unload to unload from the plane until after the expiry of 60 days.
3. Parcel Insurance (Parcel Post Pisks) and Parcel Post all risks (Parcel Post All Risks). As the transport packets may be adopted by land, sea and air transport three kinds of situation. Parcel risk areas of responsibility of the insurance companies underwriting compensation for insured parcel in transit, due to inclement weather, lightning, earthquakes, floods and other natural disasters, or a means of transport stranding, grounding, sinking, collision, overturning, falling, disappearances, fire and explosion caused by accidents such things into all or part of the loss, but also shipping on the way general average sacrifice, sharing and relief costs. Parcel of all insurance coverage insurance companies in addition to the burden of responsibility of the above-mentioned theft, deficient, and all or part of the amount lost. Parcel insurance and parcel of all insurance cover the period of responsibility is a self-insurance, cargo insurance policies contained in the dispatch station to leave the sender's premises come into effect when delivered to post office, until the arrival of the insured parcel insurance policies set forth in the destination post office, since the post office Arrival at midnight on the day of issuance of notice of starting date until at least 15 days, but in this period, the packet submitted to the recipient upon the premises, the liability insurance that is terminated.
Land, air, parcel transport goods, in addition to the above basic insurance do, but also to increase the premium for war risk, strikes and other special additional risks insurance.
The above land, air, parcel, and marine cargo insurance policy are based on China's insurance policy (CIC) requirements. In the international cargo transportation insurance, the Insurance Institute of London to develop the "terms of Institute Cargo" (Institute Cargo Clauses-ICC), the insurance industry in countries around the world has a broad impact. Now applies to the 1982 Revision, the provision of other basic insurance is divided into A, B, C three, compared with China's insurance policy, their insurance coverage can have some differences. ICC of all A-is equivalent to CIC insurance; ICC and the CIC of the W. P. A. B, essentially the same; ICC's C & CIC similar to the safety risk, but its scope of responsibility of insurance is much smaller than the FPA. ICC differentiated responsibilities Termini period of three kinds of risk, but also adopt the "store and warehouse clause" and the terms of the provisions of China's insurance is basically the same. ICC provisions of the additional risk insurance policy is also provided with the Chinese is largely the same, but for war-risk insurance and insurance tailored to strike a "war-risk insurance provisions of the Association - the goods" (Institute War Clauses-Cargo) and the "Association Strikes Clauses -- goods "(Institute Strikes Clargo) complete the entire two separate terms, you can do alone as an independent risk insurance, while China's insurance provisions of this additional risk is not separately insured.
