transhipment beyond the control of the Insured or any change or
termination of the voyage arising from the exercise of a liberty granted
to the shipowners under the contract of affreightment, the insured goods
arrive at a port or place other than that named in the Policy, subject to
immediate notice being given to the Company by the Insured and an
additional premium being paid, if required, this insurance shall remain in
force and shall terminate as hereunder:
(1) If the insured goods are sold at port or place not named in the
Policy, this insurance shall terminate on delivery of the goods sold, but
in no event shall this insurance extend beyond sixty (60) days after
completion of discharge of the insured goods from the carrying vessel at
such port or place.
(2) If the insured goods are to be forwarded to the final destination
named in the Policy or any other destination, this insurance shall
terminate in accordance with Section 1 above.
IV. Duty of the Insured
It is the duty of the Insured to attend to all matters as specified
hereunder, failing which the Company reserves the right to reject his
claim for any loss if and when such failure prejudice the rights of the
Company:
1. The Insured shall take delivery of the insured goods in good time
upon their arrival at the port of destination named in the Policy. In the
event of any damage to the goods, the Insured shall immediately apply for
survey to the survey and/or settling agent stipulated in the Policy. If
the insured goods are found short in entire package or packages or to show
apparent traces of damage, the Insured shall obtain from the carrier,
bailee or other relevant authorities (Customs and Port Authorities etc.)
certificate of loss or damage and/or shortlanded memo. Should the carrier,
bailee or the other relevant authorities be responsible for such shortage
or damage, the Insured shall lodge a claim with them in writing and, if
necessary, obtain their confirmation of an extension of the time limit of
validity of such claim.
2. The Insured shall, and the Company may also, take reaconable
measures immediately in salvaging the goods or prevention or minimizing a
loss or damage thereto. The measures so taken by the Insured or by the
Company shall not be considered respectively, as a waiver of abandonment
hereunder, or as an acceptance thereof.
3. In case of a change of voyage or any omission or error in the
description of the interest, the name of the vessel or voyage, this
insurance shall remain in force only upon prompt notice to this Company
when the Insured becomes aware of the same and payment of an additional
premium if required.
4. The following documents should accompany any claim hereunder made
against this Company:
Original Policy, Bill of Lading. Invoice, Packing List, Tally Sheet,
Weight Memo, Certificate of Loss or Damage and/or Shortland Memo, Survey
Report, Statement of Claim.
If any third party is involved, documents relative to pursuing of
recovery from such party should also be included.
5. Immediate notice should be given to the Company when the Cargo
Owner's actual responsibility under the contract of affreightment "Both to
Blame Collision" clause becomes known.
V. The Time of Validity of a Claim
The time of validity of a claim under this insurance shall not exceed
a period of two years counting from the time of completion of discharge of
the insured goods from the seagoing vessel at the final port of discharge.
MARINE CARGO TRANSPORTATION INSURANCE POLICY
Invoice No. Policy No.
This policy of Insurance witnesses that the Insurance Company
(hereinafter called "The Company"), at the Request of ___________________
(hereinafter called the "Insured") and in consideration of the agreed
premium being paid to the company by the Insured, undertakes to insure the
undermentioned goods in transportation subject to the conditions of this
policy as per the Clauses printed overleaf and other special Clauses
attached hereon.
Marks & Nos.
Quantity
Description of Goods
Amount Insured
Total Amount Insured _________________
Premium as arranged
-----------
Rate as arranged
-----------
Perconveyance S. S. __________
Slg. on or abt.________ from ________ to ________
Conditions ________
Claims, if any, payable on surrender of this Policy together with
other relevant documents. In the event of accident whereby loss or damage
may result in a claim under this Policy immediate notice applying for
survey must be given to the Company's Agent as mentioned hereunder.
______ Insurance Company
Claim payable at __________________
Address of Issuing Office _________________
BUSINESS DEPARTMENT
Our Contract Template Database is complied in accordance with laws of P.R.China.This English document is translated according to its Chinese version. In case of discrepancy, the original version in Chinese shall prevail.
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