Offer: cargo insurance

OFFER: CARGO INSURANCE

1. Insurance Subjects:	Cargo (or Freight) means goods in the process of transportation (in transit).
2. Insurable Risks:	Indemnification of loss and damage of property on the conditions: 1. “With Responsibility for All Risks” – the following is to be indemnified: a) all the losses from damage or full destruction of whole or part of property caused by any reason; b) losses, expenses and contribution for general accident; c) all necessary and advisably incurred expenses for salvation of property, reduction of loss and assessment of extent thereof. 2. “With Responsibility for Particular Average” – indemnification of losses from damage or full destruction of whole or part of property caused by Storm, hurricane, earthquake, volcanic explosions or lightning stroke; Explosion or fire; Shipwreck, stranding of ship, overturning of ship or other transportation facility; train accident, overturning or running off the rails by railroad transportation facility; motor vehicle road accident; aircraft crash or falling down; collision of ships, other transportation facilities to each other or to any immovable object; ingress of sea, river, lake water in ship or other transportation facility. In addition, the following will be indemnified: full destruction of entire package as a result of its falling down, including falling overboard, during loading/unloading on/from ship; loss due to ship or other transportation facility missing with no message; losses, expenses and contribution for general accident; all necessary and advisably incurred expenses for salvation of property, as well as for reduction of loss and assessment of extent thereof, if such loss is covered by conditions of insurance; full destruction of entire package of deck cargo as a result of wave-washing overboard or jettison thereof. 3. “Without Responsibility for Damages, Except of Cases of Wreck” – in this case, the Insurant shall be indemnified against losses of full destruction of property in transit, or a part thereof, caused by: Storm, hurricane, earthquake, volcanic explosions or lightning stroke; Explosion or fire; Shipwreck, stranding of ship, overturning of ship or other transportation facility; train accident, overturning or running off the rails by railroad transportation facility; motor vehicle road accident; aircraft crash or falling down; collision of ships, other transportation facilities to each other or to any immovable object; loss due to ship or other transportation facility missing with no message; losses, expenses and contribution for general accident; all necessary and advisably incurred expenses for salvation of property, as well as for reduction of loss and assessment of extent thereof, if such loss is covered by conditions of insurance;
3. Exclusions:	This Insurance does not cover destruction, damage or expenses under any of the conditions of the Insurance Rules, if it is: a) caused by intent or gross negligence of Insurant or his representatives as well as in consequence of breach by some of them of the established rules of transportation, forwarding and storage of property; b) due to natural leakage, natural loss of weight or volume, normal wear and tear of the insured property; c) caused by insufficient or unfit packing or preparation of insured property (for more exact interpretation of this limitation, “packing” should also include placing in container or lift van, but only when such placing is done before effective date of this Insurance by the Insurant himself or his representatives); d) caused by special features or natural qualities of the insured property; e) caused by insects, rodents, worms; f) caused by delay of delivery, even if such delay has been caused by a risk covered by the Insurance Contract (except of expenses); g) caused by: - unseaworthiness of a vessel, lighter or barge; - unfitness of a vessel, lighter or barge, transportation facility, container or lift van, for safe transportation of property; h) in consequence of shortage of property with intactness of external package; i) occurred in consequence of insolvency or default of financial obligations by the owners, freighters or drivers of transportation facility. This Insurance does not cover destruction, expenses or damages caused by: a) war, civil war, revolution, rebellion, riot, civil disorder or any hostilities of belligerent states; b) capture, prohibition of movement or detention (excluding piracy) and consequences thereof or any attempts to do so; c) seizure, confiscation, requisition, arrest or destroying under order of governmental authorities; d) migratory mines, torpedoes, bombs or other abandoned weapons of war; e) strikes of workers subjected to lockout or persons participating in worker’s or other street disorder or civil disturbance; f) acts of any kind of terrorist or any persons acting on political motives; g) application of any weapon based on use of atomic or nuclear fission and/or fusion and other similar reactions or effect of radiation or radioactive substance. The losses caused by the following reasons shall not be indemnified: a) sweating of ships and wetting of property in transit by atmospheric precipitation; b) theft, loss of entire or parts of packages or non-delivery of entire packages. In accordance with the conditions of the Insurance Rules, coverage of any kind of Insurant’s liabilities before third persons is excluded, unless a written special agreement to that effect is reached with Insurer.
4. Franchise:	Part of damage of insured cargo, which is not to be indemnified by the Insurer, as provided by the conditions of the Contract. Franchise can be expressed in absolute size or in percentage of Insured Amount or amount of loss. Unless otherwise provided by the policy, the set franchise applies to each insurance event.
5. Insured Amount:	To be agreed upon.
6. Insurance Rate:	0.15 to 3.0 percent:
	motor-vehicle transport (truck)	railway transport
	0,5% - 2,0%	0,3% - 1,0%
	air transport	sea transport
	0,15% - 1,0%	1,5%-3,0%
	The rate is calculated from Insured Amount and depending on the degree of risk. Upon negotiation of contract, enlargement or reduction factor can be applied.
7. Insurance Premium:	Payment of Insurance Premium shall be by a single payment or by installments.
8. Currency of the Contract:	in Soums
9. Territorial Zone:	No limitations (to be indicated by the Insurant in application-questionnaire)

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