| This Protection plan is subject to the following
clauses, conditions and exclusions.
Clauses & Conditions
PROFESSIONALLY PACKED
Institute Cargo Clauses (A) as per Plan.
An excess on each and every claim will normally be applied. Details
will be provided with the quotation.
NOT PROFESSIONALLY PACKED
Institute Cargo Clauses (8) including theft or non-delivery
of an entire shipping package and Institute Malicious Damage
Clause as per Protection plan.
Additional Conditions:
Notwithstanding anything contained herein to the contrary this
plan covers the transit from domicile including up to 30 days
whilst at packers' premises, other incidental storage during
the ordinary course of transit, and a period of not exceeding
60 days after arrival of the carrying vessel or conveyance at
the overseas port during the ordinary course of transit or until
delivery to final domicile whichever first occurs. However, when
the goods have been placed directly into standard shipping containers
without other packing then cover will cease upon discharge from
the container.
Excluding moth, vermin, wear, tear and gradual deterioration.
Excluding mechanical and/or electrical and/or electronic and/or
electro magnetic derangement unless caused by a risk covered
against. Excluding loss or damage due to delay or any other consequential
loss or expense of whatsoever description.
Notwithstanding anything to the contrary contained herein this
protection plan covers war and strikes risks in accordance with
the relevant Institute War Clauses (Cargo) and Institute Strikes
Clauses (Cargo) which are deemed to be attached to and form part
of this policy.
Excluded Goods:
Excluding loss of or damage to cash, notes, stamps, deeds, tickets,
travellers' cheques, jewellery, shares, bonds, negotiable instruments
and unaccompanied baggage unless specially declared and agreed
by underwriters.
Antiques Clause:
In the event of the goods covered being damaged by risks against,
this protection plan covers only the reasonable cost of repairs
and in no circumstances shall cover depreciation or loss in value
in addition thereto.
Climatic Conditions Clause:
No claim to attach hereto for loss or damage caused by climatic
and/or atmospheric conditions.
Valuation Clause:
In the case of the sum covered hereunder in respect of any article
or articles being less than the full replacement value at destination
then, in the event of loss or damage the amount recoverable by
the Assured inclusive of reconditioning charges and replacement
costs shall be in every case only such proportion as the sum
covered bears to the full replacement value at destination.
Replacement Clause -Furniture. Effects and the like:
In the event of claims for loss of or damage to any part(s)
of an article covered hereby consequent upon a risk covered by
the protection plan, the amount recoverable hereunder shall not
exceed the proportion of the cost of replacement or repair (of
the part(s) lost or damaged) that the value of the complete article
bears to the current market value thereof plus additional charges
for refitting the new parts if incurred.
Pairs and Sets Clause:
If any claim arises herein for loss or damage (consequent upon
a risk covered by the policy) of or to an article. Constituting
one of a covered pair or set, no regard shall be had to the value
of the pair or set and the amount recoverable under this policy
shall be calculated as though the article had been separately
covered at pro rata of the covered value of the pair or set.
Underwriters shall not be liable for any diminution in the value
of the pair or set as a result of loss or damage.
PROTECTION PLAN RATES
A) ALL RISKS EXCLUDING BREAKAGE AND DAMAGE.
This protection plan is the only plan we can issue when goods
are packed by yourselves. The plan covers loss of the whole
shipment and also to individual packages within the shipment.
It does not cover individual articles within the packages which
may go missing as a result of pilferage/theft. It does not
cover breakage or damage. All items must be listed on the attached
proposal form with the values. Any single item in excess of £300.00
must be listed separately and brought to our attention.
PREMIUM; £3.50 per £100 of covered value (minimum
premium £5.00)
B) ALL RISKS INCLUDING BREAKAGE AND DAMAGE
This policy can only be issued when the goods are professionally
packed. All items must be listed on the attached proposal form.
Any single item with a value in excess of £300.00 must
be listed separately and brought to our attention.
PREMIUM; £5.00 per £100 covered value (minimum premium £5.00)
NOTE; In the unlikely event of a claim being made, you will not
be able to recover your freight costs unless you have specifically
covered them on the shpping protection proposal form.
All protection plans are subject to an excess of 2% of the total
value, minimum excess of £50.00
For certain destinations (such as some African countries) cover
is only available up to arrival at the port or airport on entry
and not beyond. Once the goods have been discharged from the
ship or aircraft the protection cover ceases. Our protection
plan cover does not apply to items of jewellery, watches, deeds,
bonds, precious stones, alcohol, money, stamps and photographic
equipment and the like. You cannot be selective. i.e. you cannot
choose to cover part of your belongings. It has to be all or
nothing.
YOUR GOODS ARE NOT COVERED UNLESS YOU HAVE COMPLETED A PROTECTION
PLAN PROPOSAL FORM AND PAID THE PREMIUMS DUE.
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