Insurance services

Our company is registered in the China Insurance Regulatory Commission for the insurance agency business; we offer professional risks management service with reasonable premium rate, to assure the goods deliver to customers safely.

Air cargo insurance

Introduction

Air Cargo Insurance has 2 tiers of coverage packages, Air Transport Policy and Air Transport All Risks Policy.  Different liabilities covered by the different insurance package. 

The coverage

Air Transport Insurance

This insurance covers:

1. The losses or damage of the goods in transit that caused by lightning, fire or explosion or bad weather or any accidents (including collision of the aircrafts,  overturning, falling or aircraft missing.

2. The insured has the responsibility to take necessary actions/measures of salvage that to minimize the losses of damage of the goods from an accident. The cost of salvage shall not exceed the insured amount.  The Air transport all risks policy covers the circumstances stated in point 1, additionally, it also covers the losses or damage of the insured goods for whatsoever external causes.

Exemptions

The Policy will not cover the following circumstances:

(A) The losses or damage of the goods caused by Insured’s intention or neglectful behaviors;

(B) The losses or damage of the goods caused by the consignor’s behavior;

(C) The losses or damage of the goods occurred before the insurance policy’s effectiveness;

(D) Devalue of the insured goods, natural wastage, defects by the nature of the goods, and any potential losses caused by delays of transport;

(E) Subject to the Company’s policy of war risk and strike provisions and liabilities exemptions.

Marine cargo insurance

Introduction

Marine Cargo Insurance has 3 tires of coverage packages, including FPA, WPA and All Risks. When the losses or damage of the insured goods incurred, Different liabilities covered by the different insurance package. 

Insurance

F.P.A. covers

①The losses or damage of goods caused by inclement weather, lightning, tsunamis, earthquakes and floods during the transit from origin to destination.

②The losses or damage of goods caused by the carrier of transport being stranded, sunk, collision with icebergs, or other objects, accidents of fire and explosions.

③The losses or damage of goods caused by inclement weather, lightning, tsunamis, earthquakes and floods after the carrier of transport being  stranded, sunk, or burned.

④The losses or damage of goods caused by terminal operations (cargo loading, stowing or unloading) in transit, the goods fallen into the sea partly or fully.

⑤The insured has the responsibility to take necessary actions/measures of salvage that to minimize the losses of damage of the goods from an accident. The cost of salvage shall not exceed the insured amount.

⑥The losses or damage of goods caused by any means of salvage, any cost occurred for salvage.

⑦Any costs occurred by the carrier’s General Average policy.

⑧Any costs occurred by the clause of carriage contract: Ship collision liabilities, the cargo owners indemnify ship owner’s losses.

WPA’s coverage

In addition to the FPA, including FPA’s coverage, this insurance also covers the losses or damage of the goods caused by inclement weather, lightning, tsunamis, earthquakes, floods, natural disasters.

All Risks

All Risks covers all the circumstances stated in FPA’s coverage, and also cover for any means of external causes to the goods. 

Exemptions

The Policy will not cover the following circumstances:

(A) The losses or damage of the goods caused by Insured’s intention or neglectful behaviors;

(B) The losses or damage of the goods caused by the consignor’s behavior;

(C) The losses or damage of the goods occurred before the insurance policy’s effectiveness;

(D) Devalue of the insured goods, natural wastage, defects by the nature of the goods, and any potential losses caused by delays of transport;

(E) Subject to the Company’s policy of war risk and strike provisions and liabilities exemptions.

Scope of coverage

Since the insured goods departs from the warehouse or storage premises at origin to the consignee’s warehouse or storage premises or distribution centre at destination that the insurance policy set forth, by any means of normal transportation in the ocean, ground, hinterland and inland waterways.