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If you want to insure your cargo
- Fill in the form of Application
 single voyage- open Policy
- Send the Application by fax
(495) 225-42-04
or e-mail info@loid-city.ru;
- We will give you quotations within 24 hours;
- In case of your approval, we will issue a Treaty and a Policy according to the insurance clauses selected.
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Types of Coverage
A - All Risks
Practically all the risks during the transportation (except for general exclusions) are covered under this Clause including:
- the cost of damaged or destroyed (lost) goods and other expenses under the terms of the insurance contract;
- the general average expenses;
- duly paid salvage costs, as well as expenditures to minimize loss.
B - With Particular Average
Insurance covers pre-defined
set of risks.
C - Free from Particular Average
Losses to all or part of the cargo are to be indemnified only in case of collapse of the vehicle itself.
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Cargo Insurance
Objects Insured:
- Any types of goods and products transported by all types of vehicles (auto, rail. marine, aviation, pipelines) all over the world;
- Transport and overhead costs associated with the transportation (tax fees etc.);
- Expected profit (up to 10%) from product realization at the final point of destination;
- Interim storage of cargo.
We insure:
- Industrial and commercial equipment;
- Commercial cargo;
- Duty stamps;
- Cash;
- Precious metals and stones;
- Exhibits;
- Theater Props (at the time of the tour);
- Office furniture and equipment;
- Bulk cargo (oil, grain).
Policy Forms:
Cover is valid on a 'voyage' or on 'time' basis.
An insurance contract may cover:
- Single voyage (the 'voyage' basis covers shipping between the points set out in the policy);
- The entire volume of cargo being carried within a certain period of time, normally one year (Open Policy) with convenient procedure for the risk acceptance and insurance premium payment. An insurance certificate confirming the fact of the coverage for each particular delivery may be issued.
Main advantages of the Open Policy:
- Guaranteed coverage for all shipping on the pre-agreed terms for the entire period;
- Money saving (premium rates lower than for the single insurance policy);
- Saving labor costs (no need to issue many single Policies for each shipment);
- Convenience of payment (according to the customer demand – yearly, quarterly, monthly).
Exclusions
In no case shall the insurance cover:
- loss damage or expense attributable to willful misconduct of the Assured;
- ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear
of the subject-matter insured;
- loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject-matter insured;
- loss damage or expense caused by inherent vice or nature of the subject-matter insured;
- loss damage or expense proximately caused by delay, even though the delay be caused by a risk insured against;
- loss damage or expense arising from insolvency or financial default of the owners managers charterers or operators of the vessel;
- loss damage or expense arising from the use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force
or matter;
- unseaworthiness, unfitness of vessel , craft ,conveyance, container or liftvan for the safe carriage of the subject-matter insured, where the Assured or their employees are privy to such unseaworthiness or unfitness, at the time the subject-matter insured is loaded therein;
- war civil war revolution rebellion insurrection, or civil strife arising there from, or any hostile act by or against a belligerent power;
- capture seizure arrest restraint or detainment (piracy excepted), and the consequences thereof or any attempt thereat.;
For the additional premium the coverage can be extended for:
- the losses occurred as a result of theft and / or robbery (during road transport);
- the risks of theft of all or part of the cargo occurred as a result of fraudulent acts of third parties using the name of the recipient (the agent) or customs / law enforcement agency, their forms, forged stamps and / or seals, certificates, as well as forged documents of title;
- war risks - in respect of sea transportation;
- strike risks - in respect of inland transportation;
- refrigerator risks;
- the risks of additional storage.( loss or damage to the cargo, caused by: acts of third parties; fire, explosion, subsidence, flooding, groundwater, and as a result of the accident (failure) of plumbing, heating or sewerage system; natural disasters.).
The Company indemnifies:
- the cost of damaged or destroyed (lost) goods and other expenses under the terms of the insurance contract;
- the general average expenses;
- duly paid salvage costs, as well as expenditures to minimize loss.
Insurance case
The experts of "Loid-City" have developed detailed Reminders and instructions for the goods’ receivers, drivers and carriers. Guided by them, our Clients will be sure how to prevent possible further losses and can be confident in proper insurance reimbursement.
In case of any loss you must immediately report to "Loid-City. Your message will be recorded, and you will receive all the necessary consultations.
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