MARINE CARGO OPEN COVER INSURANCE
DETAILS OF COVER

To cover sending during the period of the Policy, as per the Cover Clauses detailed below
 
SUBJECT MATTER INSURED

Approved General Merchandise

VOYAGES

To/From United Kingdom, other than excluded countries

CONVEYANCES

Approved vessels, as per Institute Classification Clause contained herein, and/or Airfreight, and/or Rail, and/or Road Vehicles, including vehicles owned and/or operated by the Insured, and/or Post.
LIMITS

Per any one vessel, aircraft or conveyance                           - £250,000

Per any one location in the ordinary course of transit       - £250,000

In respect of Cross Voyages to &/or from the countries listed above, (i.e. voyages that do not commence or cease in the United Kingdom or Europe), the above rates will be subject to an increase of 10% of the final destination rate

The availability of cover against War and Strikes risks can be easily determined by reference to the Risk Level shown in the JCC Cargo Watch List, at http://www.nmu.co.uk/war_strikes.html. Where covered, shipments to or from locations for which the Risk Level is “Elevated” or “High” may be subject to a surcharge rate or premium. The availability of cover (if any), the terms and conditions, and the rate or premium for shipments to or from locations where the Risk Level is “Severe” is subject to change, and will only be determined at the time of shipment.
GEOGRAPHICAL AREAS
Australasia 
Australia, New Zealand.

Europe
Andorra, Austria, Belgium, Denmark, Finland, Faroe Islands, France, Germany, Gibraltar, Greece, Holland, Iceland, Italy, Liechtenstein, Luxembourg, Monaco, Norway, Portugal, Republic of Ireland, Spain, Sweden, Switzerland.

Wider Europe
Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia, Turkey.

Far East
Hong Kong, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam.

Middle East
Bahrain, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates.

North America
The United States of America (excluding Hawaii) and Canada.

United Kingdom
The United Kingdom of Great Britain and Northern Ireland, including the Channel Islands, the Isle of Man and other offshore islands.
BASIS OF VALUATION

Imports/Exports: Cost, Insurance and Freight, plus 10%, plus duty if incurred

BASIS OF COVER

Cover is subject to the following Institute Clauses:
  • Institute Cargo Clauses (A)
  • Institute Cargo Clauses (Air) (Excluding Sending’s by Post)
  • Institute Cargo Clauses (B) applying to Return Shipments Clause
  • Institute Cargo Clauses (C) applying to On Deck Shipments Clause
  • Institute War Clauses (Cargo)
  • Institute War Clauses (Air Cargo) (Excluding Sending’s by Post
  • Institute War Clauses (Sending’s by Post)
  • Institute Strikes Clauses (Cargo)
  • Institute Strikes Clauses (Air Cargo)
  • Institute Classification Clause
  • Institute Radioactive Contamination, Chemical, Biological, Bio-Chemical & Electro-Magnetic Weapons Exclusion Clause
  • Institute Cyber Attack Exclusion Clause
  • Institute Replacement Clause
PRINCIPAL EXCLUSIONS

Excluded Voyages

Countries to, from or within which we do not provide cover unless declared by the Assured and agreed by Underwriters prior to shipment:
Afghanistan
Angola
Armenia
Azerbaijan
Belarus
Burundi*
Cambodia*
Colombia
DR Congo* (formerly Zaire)
Eritrea
Ethiopia*
Georgia
Guinea-Bissau
Haiti
Iraq
Kazakhstan
Kyrgyzstan
Lebanon
Liberia*
Malawi
Republic of Moldova
Nigeria*
North Korea
Russian Federation
Rwanda*
Sierra Leone*
Somalia*
South Sudan*
Syrian Arab Republic*
Tajikistan
Turkmenistan
Uganda*
Ukraine
Uzbekistan
Yemen*
Zambia
This insurance automatically provides cover only for those transits specifically detailed in the Premium Basis                                         

Countries indicated by * have legislation in place which requires “imports from” or “exports to” the country to be covered under a locally arranged Insurance Policy the agreement of Underwriters must be specifically sought.  

As the risks presented by shipment to various territories change from time to time, cover may not always be available to other countries in addition to those Listed above.
CARGO CLAUSES
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