Insurance

Important

PROCEDURE IN THE EVENT OF LOSS OR DAMAGE FOR WHICH UNDERWRITERS MAY BE LIABLE

LIABILITY OF CARRIERS, BAILEES OR OTHER THIRD PARTIES

It is the duty of the Assured and their Agents, in all cases, to take such measures as may be reasonable for the purpose of averting or minimizing a loss and to ensure that all rights against Carriers, Bailees or other third parties are properly preserved and exercised. In particular, the Assured or their Agents are required:
  • To claim immediately on the Carriers, Port Authorities or other Bailees for any missing packages.

  • In no circumstances, except under written protest, to give clean receipts where goods are in doubtful condition.

  • When delivery is made by Container, to ensure that the container and its seals are examined immediately by their responsible official. If the container is delivered damaged or with seals broken or missing or with sales other than as stated in the shipping documents, to clause the delivery receipt accordingly and retain all defective or irregular seals for subsequent identification.

  • To apply immediately for survey by Carriers' or other Bailees' Representatives if any loss or damage be apparent and claim on the Carriers or other Bailees for any actual loss or damage found at such survey.

  • To give notice in writing to the Carriers or other Bailees within 3 days of delivery. If the loss or damage was not apparent at the time of taking delivery.

NOTE. The Consignees or their Agents are recommended to make themselves familiar with the Regulations of the Port Authorities at the port of discharge.

DOCUMENTATION OF CLAIMS

To enable claims to be dealt with promptly, the Assured or their Agents are advised to submit all available supporting documents without delay, including when applicable-

  • Original policy of Insurance.

  • Original or certified copy of shipping invoices, together with shipping specification and/or weight notes.

  • Original or certified copy of Bill of Lading and/or other contract carriage.

  • Survey report or other documentary evidence to show the extent of the loss or damage

  • Landing account and weight notes at port of discharge and final destination.

  • Correspondence exchanged with the Carriers and other Parties regarding their liability for the loss or damage.

    In the event of loss or damage which may involve a claim under this insurance, no claim shall be paid unless immediate notice of such loss or damage has been given and a Survey Report from this Company's Office or Agents in the Policy.