ComparisontableGoodsinTransitCoverAandAnnualMarineCargoICC(A)

GoodsinTransitCoverA

AnnualMarineCargoICC(A)

Insuredtransit
8.1insuranceattachesfromthetimethe
1.1 covercommenceswheneachitemisfirst
subjectmatterinsuredisfirstmovedinthe
movedforthepurposeofbeingconveyedto
adestinationoutsidethepremisesatwhich
warehouseorattheplaceofstorageforthe
loadingtakesplace
purposeoftheimmediateloadingintoor

ontothecarryingvehicleorother
1.2 inrelationtolivestockwheneachanimal
conveyanceforthecommencementof
enterstheconveyanceoritsloadingramp
transit.

8.1.1transitterminatesoncompletionof
1.1 coverendswhentheitemislastmovedin
unloadingfromthecarryingvehicleorother
beingdeliveredatthedestination
conveyanceinoratthefinalwarehouseor

1.2 coverendswhentheanimalisdischarged
placeofstorage
fromtheconveyanceoritsloadingrampat

thedestination
Or

8.1.2transitterminatesoncompletionof
unloadingatanyotherwarehouseorplace
ofstoragewhichtheAssuredortheir
employeeselecttousforstorageor
distribution

Whichevershalloccurfirst.

Cover
1allrisksoflossofordamagetothesubject
3.1lossofordamagetogoodscausedby
matterinsuredexceptasexcludedbythe
accidentorbythedeliberateactofathird
party
provisionsofClauses4,5,6and7below

3.2deathoflivestockcausedbyaccident,
NB:subjectmatterinsuredmeansinsured
naturalcausesorslaughterforhumane
goodsincludingpackagingandlabels
reasons

Additionalcover
5.1lossofordamagetogoodsorlivestock
1allrisksoflossordamage
causedbyjettison

2 Thisinsurancecoversgeneralaverageand
5.2lossincurredasaresultofgeneralaverage
salvagecharges,adjustedordetermined
sacrifice

accordingtothecontractofcarriageand/or
5.3generalaverageandsalvagecharges,in
thegoverninglawandpractice,incurredto
accordancewiththecontractof
avoidorinconnectionwiththeavoidanceof
affreightmentandthegoverninglawand
lossfromanycauseexceptthoseexcludedin
practice,incurredinconnectionwith
Clauses4,5,6and7below.
avoidingalosscoveredbythispolicy

Extensionstocover(applicabletolocaltransits)
6.1Removalofdebris
27 Removalofdebris
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Upto$50,000inadditiontoprimaryloss

6.2Delayedunpacking
Upto90daysfromdeliverytounpack
goodsunlesscasesorpackagesareshowing
signsofdamage,wettingorstaining.

6.3Brands
Wewillnotsellordisposeofsalvaged
brandedgoodswithoutconsentofInsured.
IfInsuredretainsthegoodstheirreasonable
salvagedvaluewillbedeductedfromthe
amountpayableinrespectoftheclaims

6.4Acquiredcompanies
Theinsurancewillcoveranycompanyor
entityformedoracquiredbytheinsuredin
theperiodofinsuranceprovidedthe
insuredholdsacontrollinginterest,notifies
uswithin30daysandpaysanyadditional
premiumwerequire.

6.5Packers
Insuranceapplieswhilegoodsintransitto
orfrompackerspremisesandwhilethere
formaximumofonemonth.

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Upto$50,000inadditiontoprimaryloss
29Delayedunpacking
Upto90daysfromdeliverytounpackgoods
unlesscasesorpackagesareshowingsignsof
damage,wettingorstaining.
23Brands
Wewillnotsellordisposeofsalvaged
brandedgoodswithoutconsentofInsured.If
Insuredretainsthegoodstheirreasonable
salvagedvaluewillbedeductedfromthe
amountpayableinrespectoftheclaims
21Acquiredcompanies
Theinsurancewillcoveranycompanyor
entityformedoracquiredbytheinsuredin
theperiodofinsuranceprovidedtheinsured
holdsacontrollinginterest,notifiesuswithin
30daysandpaysanyadditionalpremiumwe
require.
38Packers
Insuranceapplieswhilegoodsintransittoor
frompackerspremisesandwhiletherefor
maximumofonemonth.
25Containers
Thepolicywillcoverlegalliabilityforphysical
lossofordamagetoshippingcontainers
and/orflatracksincarecustodyandcontrol
uptoalimitof$25,000inadditiontothe
suminsured.
26Containerdemurragecharges
Thepolicywillcoverdemurragechargesor
latefeesforlatereturnofcontainerswhen
theyareretainedforinspectionfollowinga
claimtoamaximumof$50,000inaddition
tothesuminsured
32 Exhibition/demonstration
Thepolicywillcoversubjectmatterinsured
(includingstands,fixtures,fittingsand
exhibitionequipment)

Whileatexhibitionpremisesforupto
$200,000inadditiontothesuminsured

Expensesarisingfromfailureofexhibitorto
exhibitgoodsasaresultoflossunderclause


1toalimitof$10,000intheaggregate
duringthepolicyperiodbutexcluding
consequentialloss

35Hotel/motelclause
Intheeventtheinsuredisobligedtostay
overnightinahotel/motelanywherewithin
Australiathesubjectmatterinsuredremains
coveredprovideditisinavehiclewhichis
lockedandparkedwithinthehotel/motel
complexandnotinthestreet.
36Labels
Intheeventoflossordamagetolabelsor
wrapperscausedbyaninsuredperilwewill
notbeliableformorethanthecostofnew
labels,capsulesorwrappersandthecostof
relabellingbutonlyuptothesuminsured
39 Pollution
Wewillpayforlossordamagetothesubject
matterinsuredcausedbygovernment
authoritiesactinginthepublicinterestto
preventormitigateapollutionhazardor
thereatfollowingariskinsuredunderthis
policytothesubjectmatterinsured.
44Sortingcharges
Thepolicywillcovercostsincurredifthe
insuredisinstructedtoseparateshipping
packagestoascertainthecauseoflossor
damagetothesubjectmatterinsured.These
costswillbepaidbyuswhetherornota
claimunderthepolicyispaid.

Limitsoncover
7Theinsuranceislimitedtothesuminsured 2Theinsuranceislimitedtothesuminsured
statedinthescheduleforanyonelossor
statedinthescheduleforanyonelossor
seriesoflossesarisingfromthesameevent.
seriesoflossesarisingfromthesameevent.
TheInsuredmustfirstbearanyexcess
TheInsuredmustfirstbearanyexcess

Exclusions
8.1ordinaryleakage,ordinarylossinweightor 4.2ordinaryleakage,ordinarylossinweightor
volumeorinherentviceofthegoods
volume,orordinarywearandtearofthe
subjectmatterinsured

4.4lossdamageorexpensecausedbyinherent
viceornatureofthesubjectmatterinsured

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8.2delay,lossofmarketorconsequentialloss
ofanydescription

8.3mechanical,electricalorelectronic
breakdownormalfunctionwherethereis
noexternalevidencethataninsuredevent
hasoccurred

8.4theabsence,shortageorwithholdingof
labourofanydescriptionresultingfromany
descriptionresultingfromanystrike,
lockout,labourdisturbance,riotorcivil
commotion

8.5warorwarlikeactivitieswhichmeans
invasion,actofforeignenemy,hostilities
(whetherwarisdeclaredornot),civilwar,
rebellion,revolution,insurrectionorcivil
strifefollowinganyofthese

8.6expropriationwhichmeansthelawful
seizure,confiscation,nationalisationor
requisitionofgoodsorlivestock

8.7anythingnuclearorradioactive,meaning
theionisingradiationsfromorthe
radioactive,toxic,explosiveorother
hazardousorcontaminatingpropertiesof
anyradioactivematterornuclearwaste,
weapon,device,fuel,installation,reactoror
anycomponentofthese.However,this
exclusiondoesnotapplytoradioactive
isotopescarriedforagricultural,
commercial,medicalorscientificpurposes.

8.8anychemical,biological,biochemicalor
electromagneticweapon

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4.5lossdamageorexpensecausedbydelay,
eventhoughtthedelaybecausedbyarisk
insuredagainst(exceptgeneralaverage)
46 mechanical,electricalorelectronic
breakdownormalfunctionwherethereisno
externalevidencethataninsuredeventhas
occurred
7Innocaseshallthisinsurancecoverloss
damageorexpense

7.1causedbystrikers,lockedoutworkmen,or
personstakingpartinlabourdisturbances,
riotsorcivilcommotions

7.2resultingfromstrikers,lockouts,labour
disturbances,riotsorcivilcommotions,
6Innocaseshallthisinsurancecoverloss
damageorexpensecausedby

6.1war,civilwar,revolution,rebellion,
insurrectionorcivilstrifearisingtherefrom,
oranyhostileactbyoragainstabelligerent
power

6.3derelictmines,torpedoes,bombsorother
derelictweaponsofwar
6.2capture,seizure,arrestrestraintor
detainment(piracyexcepted),andthe
consequencesthereoforanyattempt
thereat
InstituteRadioactiveContamination,Chemical,
Biological,BiochemicalandElectromagnetic
WeaponsExclusionClause

4.7lossdamageorexpensedirectlyorindirectly
causedbyorarisingfromtheuseofany
weaponordeviceemployingatomicor
nuclearfissionand/orfusionorotherlike
radioactiveforceormatter.

8.9terrorism,unlesscausedbyaterroristor
anypersonactingfromapoliticalmotive
whilethegoodsorlivestockareintransitas
definedinClause1,andstepstakento
prevent,suppress,controlorreducethe
consequencesofanyactual,attempted,
anticipated,threatened,suspectedor
perceivedterrorism.

Terrorismmeansanyactwhichmay,ormaynot,
involvetheuseof,orthreatof,forceorviolence
wherethepurposeoftheactistofurthera
political,religious,ideologicalorsimilaraimorto
intimidateorinfluenceagovernment(whether
lawfullyconstitutedornot)oranysectionofthe
public.

7.3causedbyanyactofterrorismbeinganactof
anypersonactingonbehalfof,orin
connectionswith,anyorganisationwhich
carriesoutactivitiesdirectedtowardsthe
overthrowingorinfluencingbyforceor
violence,ofanygovernmentwhetherornot
legallyconstituted.

7.4causedbyanypersonactingfromapolitical,
ideologicalorreligiousmotive.

4.3lossdamageorexpensecausedby
insufficiencyorunsuitabilityofpackingor
preparationofthesubjectmatterinsuredto
withstandtheordinaryincidentsofthe
insuredtransitwheresuchpackingor
preparationiscarriedoutbytheassuredor
theiremployeesorpriortotheattachment
ofthisinsurance(forthepurposeofthese
Clausespackingshallbedeemedtoinclude
stowageinacontainerandemployeesshall
notincludeindependentcontractors)
50Informationtechnologyhazardsexclusion
Excludeslossordamagetoacomputer
system,hardware,programme,software,
data,informationrepositoryetcunless
causedbytheft,collision,sinking,grounding,
capsizing,overturning,derailment,jettison,
washingoverboard,fire,lightning,explosion,
impactbyaircraftorvehicle,fallingobjects,
windstorm,hail,tornado,cyclone,hurricane,
earthquake,volcano,tsunami,flood,freeze
orweightofsnow.

Exclusionclauses4.6(insolvencyofcharterersor
operatorsofthevessel)and5.1.1
(unseaworthinessofthevessel)donotapplyto
landtransitand,therefore,havenobearingon
thiscomparison.

Basisofvaluation
9Valuingthegoodsorlivestock
Invoicevalueplusanycostsincidentalto
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3.2Basisofvaluation
Invoicevalueplusanycostsincidentalto


insuredtransitnotcoveredbytheinvoice.
insuredtransitnotcoveredbytheinvoice.
Ifnoinvoicethanmarketvalue
Ifnoinvoicethanmarketvalue

Adjustmentofpremium
5.1iftheadjustedpremiumishigherthe
10Iftheadjustedpremiumishigherthanthe
Assuredmustpaythedifferenceunlessthe
depositpremiumtheInsuredmustpaythe
difference.Iftheadjustedpremiumislower
depositpremiumislessthan$25,000and
theInsurermustpaythedifference.
thevariationbetweentheactualand
However,theinsurerisentitledtokeep75%
estimatedfiguresislessthan10%
ofthedepositpremium

5.2ifadjustedpremiumislowertheinsureris
entitledtoretain75%ofthedeposit
premium.

Generalconditions
11Notificationofmaterialchange
4Notificationofmaterialchange
12Reasonablecare
9Reasonablecare
13Dutiesinrelationtoaneventwhichmaygive 13Whatyoushoulddointheeventofaclaim
risetoaclaim
14Settlementofclaims
14 Claimssettlement
15Thirdparties
10 Thirdparties
16Rightofsubrogation
12Rightsofsubrogation
17Transfer
11Transfer
18Cancellation
15 Cancellation

17Otherinsurance

19Lawandjurisdiction

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