|Everything that you need to know about insurance
How is the insurance premium calculated ?
The insurance rate applied to the CIF value of the goods is increased by 10%.
Why should goods be insured ?
The carrier’s liability is limited by international agreements stating
the maximum amount of reimbursement in the event of damage.
These amounts rarely cover all the damage sustained by the goods.
It can also be exempted from liability in a number of cases.
Insurance also provides protection in the event of general average.
What are the main insurance conditions? *
1 - Common risks
• "F.P.A. UNLESS" insurance (Free of particular average except in the following cases)
Losses and damages sustained by the goods are recoverable from the insurers only if they are the result
of one of the following major events: sinking, stranding, boarding, collision of the vessel with a movable
or floating object, entry of water, falling of the package during loading operations,derailment, overturning
or breakage of the land conveyance, flooding, tidal waves, volcanic eruption, cyclone, fire or explosion.
Insurers also reimburse general average contributions.
• "All Risks" insurance except clauses 47 and 68
This warranty covers the above risks plus the damage and loss suffered by the goods during transport:
storm, shifting, water damage, fouling, condensation, breakage, handling damage, theft by forced entry,
dropping overboard, etc. Theft and partial or total shortages are covered by insurers subject to
the production of documents proving the non-delivery or the breaking and entering.
• Goods loaded on deck
Goods loaded on deck are generally covered under "F.P.A. conditions except for jettison throw away and
washing overboard" terms with an extra premium and subject to previous declaration to the underwriters
unless loading on containerships in which case the goods are covered under "All risks" terms.
• Are not covered, except by special agreement : :
The damage and loss resulting from inherent vice of the goods, effect of temperature, ordinary loss
in weight,lunsuitability of packing, delays, losses of exchange rate or market, wilful misconduct or
gross negligence of the insured or any other beneficiary of the insurance, war, seizures, contamination
due to atomic or nuclear fission or fusion, piracy of a political nature, strikes, riots and civil disorders.
• Insured value
This is based on the cost price of the insured cargoes, increased by the cost of transport, insurance
and expected profit (up to 20% without supporting evidence).
• Perishable goods under controlled temperature
Frozen products can be covered for variations of temperatures during transport, according to French clause 47 bis
(frozen food clause). It is possible to adapt this cover to refrigerated products.
Loss or damage due to "F.P.A. unless" is always settled irrespective of deductible.
Under other events, they are settled with or without deductible according to particular agreements
between insured and underwriters.
2 - War and mines risks
• An undertaking from the French Ministry of Finance in the capacity of Re-insurer
of these risks is mandatory for the war and mines risks warranty.
• The Waterborne war risks warranty applies when the goods leave the loading dock
and ends when they reach the unloading dock.
The standard rate is currently 0.032% except for dangerous or war zones, in which case
the rates vary from day to day in accordance with the occurrences.
• There is also an extended warranty, which covers the goods irrespective of the mode of transport
(sea, overland, river, air or multimodal).
3 - Storing goods
• Only our storage areas are insured. Dependent on their value, stored goods
nare not automatically entitled to insurance. Upon request, we can offer you insurance
in accordance with the type of goods, their value and the length of storage.
Civil liability: covered up to €407,039
Police Française maritime garantie tous risques : imprimé du 01/07/2009
Clause 68 : Garantie des risques résultant des grèves
Clause 47 bis : Facultés congelés ou surgelés
Clause 51 : Facultés en vrac (garantie étendue)
Police française marchandises transportées par voie de terre : imprimé du 01/07/2009
Police française marchandises transportées par voie aérienne : imprimé du 01/07/2009
* source cap-marine.com TMT’s insurer
Steps to follow in case of dammageDownload the steps to follow in case of dammage. •
Que faire en cas de sinistre ?