Transportation Insurance

Carrier Liability Insurance provides protection for the legal liability of the carrier in the transit of goods of the owner or storage in the warehouse the carrier operates in.

Risked coverage

  • Loss or damage to cargoes from fire, explosion, theft, overturning/derailment, etc.

 

Institute Cargo Clauses

A

B

C

Proximate causes

 

 

 

1. Stranding, grounding,  sinking or capsizing

✔

✔

 ✔

2. Overturning or derailment of land conveyance

✔

✔

 ✔

3. Collision of ship, craft with another ship or craft

✔

✔

 ✔
4. Contact of ship, craft or conveyance with anything other than ship or craft (excludes water but includes ice)

✔

✔

 ✔
5. Discharge of cargo at port of distress

✔

✔

 ✔
6. Fire or explosion

✔

✔

 ✔
7. Earthquake, volcanic eruption or lighting

✔

✔

  ✘
8. General average and salvage charges

✔

✔

 ✔
9. Jettison

✔

✔

 ✔
10. Washing overboard (deck cargo)

✔

✔

 ✘
11. Malicious damage

✔

  ✘

 ✘
12. Theft, pilferage or robbery

✔

 ✘

 ✘
13. Non-delivery of entire shipping package

✔

 ✘

 ✘
14. Piracy

✔

  ✘

 ✘
15. Entry of sea water into the ship, craft, hold, conveyance container, liftvan or place of storage

✔

 ✔ 

 ✘
16. Entry of river or lake water into the ship, craft, hold, conveyance container, liftvan or place of storage

✔

✔

 ✘
17. Entry of rain water into the ship, craft, hold, conveyance container, liftvan or place of storage

✔

 ✘

 ✘
18. Loss or damage during loading/discharge from vessel

✔

 ✘

 ✘
19. Loss overboard during loading/discharge from vessel (total loss only)

✔

✔

 ✘
20. Other physical loss or damage not specified and not excluded.

✔

 ✘

 ✘
21. Expenses incurred to minimize loss or damage

✔

✔

✔

Exclusions under the Institute Cargo Clauses

Inland Transit Insurance provides coverage to cargoes during transit within Thailand, whether by road or rail.

Risk coverage

  1. Inland Cargo Policy (All Risks)
  • Total or partial damage or loss of the Subject-Matter insured arising from accident or external cause.
  • General average in respect of the Subject-Matter insured including general average contribution and salvage charges for which the assured has to compensate in accordance with customary practice or law, unless excluded.
  1. Inland Cargo Policy (Named Perils)

      This insurance shall cover total or partial damage or loss of the Subject-Matter insured caused by:

  • Fire, explosion or lightning.
  • Collision or contact of the carrying conveyance or the Subject-Matter insured with other conveyance or any object outside the conveyance including the driver’s cab and platform or trailer of the carrying conveyance.
  • Sinking or grounding of vessel, falling of aircraft, train derailment, overturning or falling of conveyance including its driver’s cab and platform or trailer from the road, bridge or road shoulder.

Additional special risks clearly stipulated in the Schedule.