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Insurance for Goods Transported

Insurance for Goods Transported

Transported Goods insurance aims to safeguard all those who have a legitimate interest in goods, baggage or other objects during their transport, whether this takes place by sea, land or air.

There are various policy types to suit your needs:

  • Temporary Policy (or Single Policy): For all those who carry out sporadic expeditions;
  • Floating Policy (or Open Policy): For all those who carry out regular, fairly frequent expeditions;
  • Annual Policy: For all those who carry out road freight transport, in their own or rented vehicles, mainly for national journeys. This type of policy covers all journeys made during the year and operates with maximum limits per journey.

Advantages

As goods move across borders by sea, land or air, controlling them becomes increasingly difficult.

Globalisation has meant that trade with less developed countries and with weaker logistical infrastructures has become a reality and, for example, the risk of theft of goods in transit continues to increase significantly.

Transported goods insurance offers a wide range of protection: from door to door, warehouse to warehouse, with maritime, land, air or rail coverage, from the moment the raw material leaves its origin until it is delivered as a finished product.

Coverage

  • ICC (A) – Cobertura “todos os riscos” de perdas ou danos sofridos pelos objetos seguros, com exceção dos casos referidos nas exclusões da Apólice;
  • ICC (B) – Cobertura de perdas ou danos sofridos pelos objetos seguros atribuível a sacrifício de avaria grossa, incêndio e explosão, encalhe ou afundamento do navio ou embarcação, capotamento ou descarrilamento do meio transporte terrestre, colisão ou contacto do navio, descarga num porto de arribada, terramoto, erupção vulcânica ou raio, alijamento ou arrebatamento pelas ondas, entrada de água do mar, de lago ou de rio dentro do porão do navio ou embarcação, meio de transporte, contentor “liftvan”ou local de armazenagem, perda total de qualquer volume por cima da borda ou caído nos atos de carga ou descarga do navio ou embarcação, com exceção dos casos referidos nas exclusões da Apólice;
  • ICC (A) - ICC (B) = Risks not directly related to the means of transport ICC (C) - Cover for loss or damage suffered by the insured objects attributable to the sacrifice of major breakdown, fire and explosion, stranding or sinking of the ship or boat, capsizing or derailing of the means of land transport, collision or contact of the ship, unloading at a port of harbour and dumping, except for the cases referred to in the exclusions of the Policy.
  • ICC (B) - ICC (C) = Nature phenomena + tossing and snatching + contact with water + total loss of volumes.

Cover for "all risks" of loss or damage to the insured objects, by analogy with ICC clause (A), except for the cases referred to in the Policy exclusions. It should be noted that ICC clauses are standard in international trade and the clauses for these covers are essentially local;

ICC (Air) - Covers "all risks" of loss or damage to the insured objects, with the exception of cases referred to in the exclusions of the Policy;

With the exception of clauses ICC (A) and ICC (Air), whose risks are already included, it is possible to take out the following complementary covers, among others:

  • Acts of Vandalism or Sabotage;
  • Theft or robbery;
  • Loading and Unloading Operations;
  • Strikes and War Clauses (with the exception of land transport), namely:
    Institute War Clauses (Cargo) / Institute Strikes Clauses (Cargo);
    Institute War Clauses (Air Cargo) / Institute Strikes Clauses (Air Cargo);
    Institute War Clauses (Sendings by Post);
    Termination of Transit Clause (Terrorism), for use with ICC War and ICC Strikes.

Care to be taken

Capital to be Insured
Value between the price of the items at the place and date of loading, plus expenses, up to the place of destination, and a percentage for expected profits, and the current price of the same at the place of destination, on arrival, without damage.

Type and characteristics of the goods and their packaging, indicating, if containerised, whether it is groupage or full containerised;

Means of transport used for the goods, i.e. ship, lorry, aircraft, transport "roll on/roll of"In the event of successive transports, the frequency of use of each one is indicated as well as the percentage of frequency of use of each one;

The information contained in this website is merely indicative. The rights and obligations of the parties are defined in the Proposals, Conditions Special and General applicable terms of the respective insurance policies contracted.