| Stranding, Grounding, Sinking or Capsizing (OCEAN) |
Yes |
Yes* |
Yes* |
| Collision, Crash, Overturning or Derailment (ALL) |
Yes |
Yes* |
Yes* |
| Discharge of Cargo at Port/Airpor of Distress (AIR, OCEAN) |
Yes |
Yes* |
Yes* |
| Fire of Explosion (ALL) |
Yes |
Yes* |
Yes* |
| Earthquake, Volcanic Eruption or Lightning (ALL) |
Yes |
Yes* |
No |
| Malicious Damage (ALL) |
Yes |
No* |
No* |
| Theft/Pilferage** (ALL) |
Yes |
No |
No |
| General Average Sacrifice, Jettison (OCEAN) |
Yes |
Yes* |
Yes* |
| Washing Overboard of deck cargo (OCEAN) |
Yes |
Yes* |
No |
| War Risk except Piracy (AIR, OCEAN) |
Yes |
No |
No |
| Taking at Sea except War Risks (OCEAN) |
Yes |
No |
No |
| Water Damage** (ALL) |
Yes |
Yes* |
No |
| Loss overboard during Loading/Discharge (ALL) |
Yes |
Yes* |
No |
| Rough Handling by Transportation Company (ALL) |
Yes |
No |
No |
| Any risk of physical loss or damage not specified in terms and conditions of coverage (ALL) |
No |
No |
No |
| Improper packing by professional Company (ALL) |
Yes |
No |
No |
| Improper packing by Assured or their Agents (ALL) |
No |
No |
No |
| Mysterious Disappearence (ALL) |
No |
No |
No |
| Coverage Triggers upon loss of this type: |
Partial loss or damage and above |
Requires total loss of entire shipping packages*** to cover |
Requires Total Loss of goods to cover
|
| * Requires the loss or damage to be reasonably attributable to the named peril
** Certain packing requirements or security requirements may apply based upon commodity type, please review commodity specific terms for details
*** Shipping Packages = the largest shipping unit that is smaller than a standard TEU or FEU shipping container (i.e. pallet, box or crate). If cargo is loose and not packaged into shipping units the coverage trigger defaults to total loss of the entire shipment.
|
