GOODS IN TRANSIT INSURANCE
Condition
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Excluding mysterious disappearance, unexplained loss in weight, wear and tear, moth, vermin, tail end risk, rejection risk, inherent vice, gradual deterioration or loss due to faulty nature
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Excluding loss and/or damages which in any way caused or facilitated by the dishonesty of any person or persons in the service of or employed by the Insured
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Excluding Rusting, Oxidation and Discoloration absolutely
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Excluding Scratching, Chipping, Bending, Denting, Marring, and Breakage unless caused by Insured’s perils.
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Excluding Mechanical, Electrical and Electronic Breakdown/ Derangement
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Excluding overnight storage risk
Clauses
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Standard Clauses/Warranties
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Inland Transit All Risk Clause
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Institute Radioactive Contamination, Chemical, Biological, Bio-Chemical
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and Electromagnetic Weapons Exclusion Clause 10/11/03
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Marine Cyber Endorsement LMA 5403
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Termination of Transit Clause (Terrorism) 2009 (JC2009/056)
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Sanction Limitation and Exclusion Clause (LMA3100)
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Information Technology Hazards Clarification Clause NMA 2912
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Computer Millennium Clause (Cargo) 9/9/97
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Electronic Data Recognition Clause
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Warranted that the conveyance be properly maintained and kept in
roadworthy condition at all times.
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Warranted that the interest insured is properly lashed and secured on board of the carrying conveyance.
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Coronavirus Exclusion Clause
Appendix 1:
Interest insured:
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Furniture (import / bedroom set)
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Tissue paper
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Diapers
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Cable
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Export ingot
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Bitumen
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Computer parts
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Cartridges
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Vehicle spare parts
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Machine
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Garments
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Household items
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Oil & gas equipment
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Palm oil
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Soup products (wax)
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Iron steel
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Food stuck
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Beverage
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Engine oil
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Aluminium & cooper
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Asphalt
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Plastic resin
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Wooden plywood
Excluded Cargo:
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Handphones, phone cards and related items, chips, antique, account bills, money, currency, deeds, manuscripts, drawings
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Paintings, works of arts, evidences of debts, letter of credits, passports, tickets, securities, or other similar valuable papers, jewellery, precious stones, bullion silver, silverware, gold or items made therefrom
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All explosives, inflammable property, matches or firecrackers
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Perishable goods, fresh fruits/ flowers
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Liquid/ dry bulk cargoes
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Commodities such as rice, sugar, ferrous/ non-ferrous metals and the like
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Fragile goods
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Livestock, plants and the like
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Tobacco, cigarettes
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Liquors and wines
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Bird nest and ginseng
HT8000_a