Presentation on theme: "CARRIERS PACKAGE Presented by. Vero National Marine proudly presents TRANSIT AUSTRALIA CARRIERS COMBINED PACKAGE."— Presentation transcript:
CARRIERS PACKAGE Presented by
Vero National Marine proudly presents TRANSIT AUSTRALIA CARRIERS COMBINED PACKAGE
CARRIERS COMBINED PACKAGE Designed to accommodate carriers with one truck or 10 trucks. Benefits include: Policy wording provides options; No adjustment if deposit premium < $2,000; Policy not subject to average or underinsurance; Policy conditions/options summarised on the proposal; Plain language policy wording.
CARRIERS COMBINED PACKAGE COMMON TERMS “You” means the carrier named in the schedule including subcontractors. “Subcontractors” means any person or company to whom you have given the goods and/or merchandise for carriage. Where you are acting as a subcontractor to a principal carrier, this means you are carrying goods and/or merchandise on behalf of the principal carrier.
CARRIERS COMBINED PACKAGE COMMON TERMS Cartage conditions - the terms and conditions contained in your consignment note and your cartage contract agreements with your clients, if approved by us, prior to risk attaching. Goods &/or Merchandise - as detailed in the schedule, including all retail & sales packaging & shipping containers carried by you & your subcontractors
CARRIERS COMBINED PACKAGE If cover is required for livestock, household goods, personal effects, and other specified items (eg: jewellery, money), these must be specifically included in the policy schedule.
GENERAL CONDITIONS THE INSURED TRANSITS GENERAL FREIGHT Commences when each item is first moved for the specific purpose of loading on to the conveying vehicle, terminates when delivered to the intended destination; Includes any period where the goods are “shut out” from the conveyance or intended destination (maximum 21 days); Excludes any period of dismantling, erection, commissioning, testing, or storage other than as required for transhipment or on - carriage.
GENERAL CONDITIONS THE INSURED TRANSITS LIVESTOCK Commences when each animal enters the conveyance or its loading ramp; Terminates when each animal is discharged from the conveyance or its loading ramp at the destination; Includes whilst the Livestock are transhipped or are being rested for up to seven days during the ordinary course of transit.
GENERAL CONDITIONS EXCLUSIONS This insurance does not cover loss or damage resulting from: Terrorism (unless in the ordinary course of transit); Nuclear/radioactive contamination; War (unless the goods are on board a ship,vessel or aircraft); Goods owned or leased by the Insured or their employees; Any illegal activity; Inherent vice; Delay;
GENERAL CONDITIONS EXCLUSIONS This insurance does not cover loss or damage resulting from: Loss of market, loss of profit, consequential loss of any description. Mechanical, electrical or electronic breakdown, derangement or malfunction of the insured goods. If the insured goods are livestock, this insurance also does not cover: Failure to pass tests or examinations, or inoculation and its after effects; Slaughter or confiscation on account of infectious diseases.
CARRIERS GOODWILL THE INSURED EVENTS Physical loss of or damage to the goods (death, physical injury or slaughter for humane reasons in the case of livestock) directly caused by: Fire, explosion, lightning or flood; Collision of the conveying vehicle; Overturning, jackknifing or derailment; Collision, crashing or forced landing of aircraft; Impact of the goods; High-jacking or armed hold-up.
CARRIERS GOODWILL THE INSURED EVENTS For transits by sea - the policy further covers physical loss of or damage to the goods, directly caused by: Jettison, washing overboard or General Average Sacrifice. War whilst the insured goods are on board the carrying vessel or aircraft. Also, General Average and Salvage contributions are payable when required under any Bill of Lading.
Carriers Goodwill The Insured Events You can request the following extensions: accidental physical loss or damage during loading and unloading (not available for livestock); theft, pilferage or non-delivery; breakdown or malfunction of refrigerating machinery (4 hour time excess applies).
CARRIERS GOODWILL HOW MUCH WE WILL PAY We will pay the claimant, or other parties agreed with the claimant, the lesser of : what it costs to repair or reinstate the goods to a condition similar to that prior to the loss, or the invoice value, or if there is no invoice value, the cost of replacing the goods with similar goods of the same age and condition or as near as possible thereto.
CARRIERS GOODWILL HOW MUCH WE WILL PAY If livestock,we will pay the claimant, or other parties agreed with the claimant: the net invoice i.e less stock agents commission if applicable, or if no invoice, the cost of replacing the livestock with similar livestock of the same age and condition or as near as possible to that age & condition.
CARRIERS GOODWILL HOW MUCH WE WILL PAY Additional benefits (if required to pay ) Cleaning up or decontaminating your premises following the return of salvaged goods, including disposal costs - up to $25,000; Clean up and disposal costs at accident site - up to $25,000; Reasonable costs to avoid or minimise loss or damage.
CARRIERS GOODWILL HOW MUCH WE WILL PAY Additional benefits in the case of Livestock In the case of injury to livestock we will pay (at our option) the cost of agisting the livestock to bring them back to their condition prior to the loss, or the agreed depreciation in value if they are sold as injured livestock; The cost of mustering animals following an incident up to a limit of 25% of the value of the livestock.
NOMINATED CLIENTS THE INSURED EVENTS THIS OPTION NOT AVAILABLE FOR LIVESTOCK. Covers Accidental Physical Loss or Damage to or unexpected deterioration of the goods, including: Strikes riots and civil commotions; Malicious damage; For transits by sea the policy further covers: Jettison, washing overboard or General Average sacrifice. General Average and salvage contributions; War whilst the goods are on board the carrying vessel or aircraft.
NOMINATED CLIENTS HOW MUCH WILL WE PAY We will pay the claimant, or other parties agreed with the claimant, the lesser of: what it costs to repair or reinstate the goods to a condition similar to that prior to the loss, or the invoice value, or if there is no invoice value, the cost of replacing the goods with goods of the same age and condition or as near as possible thereto.
NOMINATED CLIENTS HOW MUCH WILL WE PAY We will pay the claimant, or other parties agreed with the claimant : Legal Liability for damage to shipping containers $20,000; The cost of reconditioning / replacing damage labels or packaging if the loss or damage only relates to damaged labels or packaging.
NOMINATED CLIENTS HOW MUCH WILL WE PAY If we do agree to pay a claim based on the aforementioned perils we will also pay the following additional benefits Cleaning up or decontaminating of your premises following the return of salvaged goods, including disposal costs - up to $25,000; Clean up and disposal costs at accident site - up to $25,000; Reasonable costs to avoid or minimise loss or damage.
CARRIER’S LIABILITY COVER is only available to those carriers who have Consignment Notes and/or contracts containing terms, conditions and exclusions that are approved by us, and who endeavour to have consignment notes signed or their contract terms imposed as a continuing standard management practice. Once your consignment note conditions and contract terms are approved by us, we do not exclude or reduce cover if a consignment note is not signed or issued. This IMPORTANT INFORMATION is contained in the CARRIERS COMBINED PACKAGE APPLICATION - POLICY INFORMATION
CARRIERS LIABILITY If you elect not to claim under Goodwill or Nominated Clients and wish us to defend your legal liability, or you have selected Carriers Liability Cover only then this policy covers you if an Australian Court finds, or we accept, you are legally liable to pay compensation for : the amount awarded against you in respect of physical loss or damage to the goods carried; the claimants legal expenses awarded; your legal defence costs up to $250,000; any interest awarded; removal of debris or clean up costs; any other charges awarded against you.
WE THANK YOU FOR YOUR ATTENTION AND WISH YOU EVERY SUCCESS WITH TRANSIT AUSTRALIA CARRIERS COMBINED PACKAGE