Cargo protection all over the world

The cargo insurance policy protects the owners of cargo and goods transported by using various vehicles from losses and makes it possible to compensate for the losses associated with the damage or loss of cargo regardless of presence or absence of the carrier’s fault.

Depending on your needs, we offer the following options for cargo insurance:

• Insurance policy for one-time cargo shipment: is issued on the basis of the statement on insurance of one-time cargo shipments.
• General policy for cargo insurance: is issued in case of regular transportations on agreed routes or in case of transportation of homogeneous cargo. The general policy simplifies the paperwork for cargo insurance and the insurance applies to all shipments declared.

The cargo transported by road, rail, air or water transport modes or a combination of these types of transport (mixed transportation) are accepted for insurance.

We offer the customer to choose from the following insurance coverage options:

Option A "With the liability for all the risks".

In case of an insurance event, we will compensate for:

• losses arising from destruction (loss) or damage of cargo for any reason;
• losses, expenses and charges associated with the general average related to the cargo share (in case of cargo transportations by sea).

Option B "With the liability for particular average".

In case of an insurance event, we will compensate for:

• losses arising from destruction (loss) or damage of cargoas a result offire, explosion, stranding, wash ashore, flooding or capsizing of a ship or barge, capsizing or crash of motor vehicles, collision of a vessel or a different vehicle with any foreign object (except for the contact with water), discharge of cargo at the port as a result of an accident, earthquake, volcanic eruptions, lightning stroke, outcast of cargo during the disaster or washout of cargo overboard, penetration of sea, lake or river water into the hold of the ship or barge, other vehicle , container with cargo or storage space;
• damages, expenses and charges associated with the general average related to the cargo share;
• losses arising from destruction (loss) of the whole cargo space as a result of falling overboard or during loading or unloading.

Option C "With the limited liability for particular average".

In case of an insurance event, we will compensate for:

• losses arising from destruction (loss) or damage of cargoas a result offire, explosion, stranding, wash ashore, flooding or capsizing of a ship or barge, capsizing or crash of motor vehicles, collision of a vessel or a different vehicle with any foreign object (except for the contact with water), discharge of cargo at the port as a result of an accident, outcast of cargo during the disaster;
• damages, expenses and charges associated with the general average related to the cargo share.

Regardless of the insurance option, loss (destruction) or damage of the insured cargo is not considered an insurance event and is not paid for, which occurs as a result of:

• standard leakage, weight or volume loss or standard wear of the insured cargo;
• inadequate or inappropriate packaging and preparation of the insured cargo (including placement in the container, wagon or other vehicle performed by the insurant), shipment of damaged cargo;
• internal properties or natural characteristics of the insured cargo (internal damage, rust, mold, malfunctioning or spontaneous combustion etc.);
• delay in cargo delivery, even when the reason for the delay is the insurance event, except for the cases, when under the insurance terms such losses are subject to compensation as the general average;
• insolvency or failure to fulfill financial liabilities by the owners, managers, consignors or operators of vehicles;
• unseaworthiness of the vessel or unsuitability of the vessel or other vehicle for safe transportation of the insured cargo, when the insurant (or beneficiary) has known about it when loading the insured cargo;
• shortage of goods, weighting differences in case of integrity of the outer packaging, compliance with the specified number of places stipulated in the consignment note, integrity of the seals on the wagon, container and other outer packaging;
• impact of normal temperature or usual temperature changes, hold (luggage) air;
• depreciation of cargo due to contamination or damage to packaging without damaging the outer packaging;
• damage to goods caused by fungi, rodents, worms, insects;
• sweating and wetting of cargo with atmospheric precipitation;
• violations of the established transportation rules (including cargo strapping), loading, storage of cargo by the insurant (beneficiary).

The insurance policy value depends on the insurance option and characteristics of the upcoming shipment: type of cargo and its packaging, transportation routes, presence of transshipment, cargo value, transportation volume, franchise value, availability of security in the process of transportation and other factors.

Our advantages:

• optimum ratio of the value and volume of the insurance coverage;
• years of experience in cargo transportation insurance;
• extremely convenient services: from simple and quick policy issue up to immediate settlement of losses by qualified experts;
• guarantees of insurance coverage reliability - significant amount of own funds and efficient reinsurance system;
• possibility to pay for the  insurance policy in installments;
• flexible system of tariff rates and discounts;
• amounts of insurance premiums paid by a legal entity for cargo insurance are included in the costs of manufacture and sale of products, goods (works, services) accounted for in the process of taxation (Decree of the President of the Republic of Belarus No 280 dated May 19, 2008).

How to obtain the policy?

Just call the corporate sales manager by dialing (017) 209 43 27 or contact our affiliates. A qualified expert will answer all your questions. We appreciate your time and we are ready to come to your office to do the paperwork.