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Air Transportation Cargo Insurance (Foreign Affairs)



Air transportation cargo insurance (Foreign Affairs)

Introduction: the insurance points into two kinds of air transportation all risks and all risks, mainly cover the air cargo due to bad weather or accidents suffered losses and the insurer take reasonable rescue operations and pay cost, is related to the terms. 


 Product terms: 
 
This insurance is divided into two kinds of aviation transportation insurance and aviation transportation insurance. When the insured goods suffer from the loss, the insurance shall be responsible for the other terms of the insurance policy.

Air Transport Insurance

The insurance is responsible for compensation: 


 1.The insurance of the goods in transit by lightning, fire, explosion or aircraft suffered as a result of bad weather or other calamity accident and abandoned, or due to the aircraft suffered a collision, overturning, falling or missing accidents caused by of all or part of the loss
2. The insurer to suffer from underwriting, dangerous goods to take rescue, prevent or measures to reduce the damage of the payment of reasonable expenses, but not exceeding the number of rescued the sum insured is limited.

Air Transportation All Risks

In addition to including the above air transport insurance responsibility, the insurance is also responsible for cargo insurance due to external reasons caused by all or part of the loss .
Except The Responsibility
This insurance is not liable for any loss of the following:

1.The loss caused by the intentional act or fault of the insured.
2. The loss arising from the liability of the shipper.
3. Before the commencement of the insurance liability, the loss caused by the quality of the insured goods or the quantity of the goods has been lost.
4. The loss or expense caused by the natural loss of the insured goods, the nature of the defect, the nature of the insured goods, the loss of the market price and the delay in shipment.
5. The scope of liability and the exclusion of the liability of the company's air transportation cargo war risk clause and the clause of the goods and strike risk clause

Responsibility Period

1. The insurance negative "warehouse to warehouse" responsibility, is the insurance of the goods shipped from the insurance policy stipulated in the shipment to the warehouse or place of storage transport force, including in the normal course of transit transport, until the goods of insurance policy named destination collection of people and goods final warehouse or place of storage or by the insurer as distribution, distribution or non normal transport of other place of storage so far. If not to the warehouse or place of storage, the insured goods at the end of discharge from the aircraft after the expiry of thirty days. Where the goods are to be forwarded to the destination specified in the non - insurance policy for the purpose of the non - insurance policy, the goods shall be terminated at the beginning of the transfer.
2. Due to the delay in the transport by the insurer is unable to control, bypass, forced discharge, loading, reprint or the carrier with permission given by the contract of carriage for the navigation of any change or termination of the contract of carriage. Caused by the insurance goods to non insured single contained to more, in is the insured promptly informed of the notice to the insurer and when necessary and pay insurance time-consuming, this insurance shall remain in force and liability insurance in accordance with the Provisions Of The Following Termination:

1. The insured goods such as in non insurance single set out to sell, insurance liability to the delivery date, but in any case, are the insurance of the goods in the discharge from the aircraft with 30 days so far.
2. The insurance liability shall be terminated in accordance with the provisions of paragraph (1) of the original destination or other destination of the original destination, which is to be carried out in the period of the thirty days.

The Obligation Of The Insured

The insured shall, in accordance with the following provisions of the obligation to handle relevant matters, such as due to failure to fulfil obligations and affect the interests of the company, the company for any loss has the right to refuse compensation

1. when the insured goods arrive at the destination after the insured, the insured shall timely take delivery. When was found for any loss suffered by the insurance of the goods, shall be to the policy set forth in surveying and claim settling agent for inspection, such as the discovery of cargo insurance whole parts shortage or obvious traces of damage, should immediately get a copy of the carrier, bailee or other relevant authorities to evaporimeter damage proof. If the loss and damage caused by the responsibility of the carrier, the trustee or other relevant aspects should be in written form to them to make a claim, if necessary, must obtain certification of an extension of the time.
2.The goods that are in danger of contracting the responsibility shall promptly take reasonable measures to prevent or reduce the loss of goods.
3.To claim against the insurer must submit the following documents: Insurance: original policy, bill of lading, invoice, packing number, weight memo, cargo short landed memo, survey report and statement of claim. If any third party must provide the relevant correspondence from the responsible party and other necessary documents.

Claim Period

The limitation of this insurance claim is that it is not more than two years since it was discharged from the aircraft at the end of the final discharge of the insured goods.
1.The loss caused by the intentional act or fault of the insured.
2. The loss arising from the liability of the shipper.
3. Before the commencement of the insurance liability, the loss caused by the quality of the insured goods or the quantity of the goods has been lost.
4. The loss or expense caused by the natural loss of the insured goods, the nature of the defect, the nature of the insured goods, the loss of the market price and the delay in shipment.
5. The scope of liability and the exclusion of the liability of the company's air transportation cargo war risk clause and the clause of the goods and strike risk clause

 
 
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