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Coverage is granted for 100% interest upon lawful goods consisting of new approved general merchandise subject to following Restricted/Unapproved Commodity Index.
Please note the following are examples of interests that will require a Special Project prior to shipping. Please also see Restricted/Unapproved Commodities Index below: computers, cellular telephones, livestock, fresh fruit and vegetables, specialist road vehicles.
If you are in any doubt of what terms, conditions and endorsements will apply to your policy, please contact your agent.
RESTRICTED/UNAPPROVED COMMODITY INDEX
Commodities listed as unapproved require prior approval from underwriter prior to attachment for coverage broader than F.P.A. excluding theft, pilferage and non delivery.
RESTRICTED COMMODITIES: The following goods are insured subject to limited conditions as per policy (summary of conditions shown, refer to policy for specific wording and rates), packed in approved overseas packing.
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| Commodity |
Summary of Insuring Conditions |
Alcoholic Beverages |
All-Risk, pilferage and breakage, Subject to a 1% (minimum $250.) deductible. |
Automobiles & Motorcycles (less than 10 model years old) |
All-Risk subject to a 3% (minimum $250.) deductible |
Bagged Commodities in Door-to-Door Containers |
All-Risk subject to a 3% (minimum $250.) deductible. |
Watercraft/Yachts, New & Used (Not more than 3 model years old), Not Exceeding USD 50,000 in Value Nor in Excess of 30 Feet in Length |
All-Risk subject to a 3% (minimum $250.) deductible. |
Ceramic, Chinaware, Crystal, Glass Tubes, Glassware, Mirrors, Light Bulbs, Marble and/or Stone Tile of any kind, Porcelain, and Vitreous China (excluding Window, Plate Glass, Blocks, Slabs, Antiques, Works of Art, and Similar Merchandise) |
All-Risk subject to a 5% (minimum $250.00) deductible. |
Frozen/Chilled Foods and/or Other Frozen/Chilled Merchandise |
All-Risk subject to 24-hour breakdown clause. |
Household Goods and Personal Effects |
All-Risk subject to 3% (minimum $250.00) deductible. Itemized valued inventory and professional packing required. |
Perishable Merchandise |
Excluding rotting, spoilage, deterioration, theft, pilferage and non-delivery. |
Refrigerated Merchandise |
Excluding rotting, spoilage, deterioration, theft, pilferage and non-delivery. |
Steel Pipe, Tubing, Rods and Similar Merchandise |
Containerized: All-Risk excluding rust, oxidation, discoloration, and corrosion. Non-Containerized: All-Risk excluding rust, oxidation, discoloration, corrosion, bending, twisting, and end damage. |
Steel Sheets, Coils and Similar Merchandise |
Excluding rust, oxidation, discoloration, corrosion and crimping. |
Used, Refurbished and/or Rebuilt Merchandise |
Excluding marring, chipping, denting, scratching, electrical and/or mechanical derangement and/or breakdown, breakage of glass, rust, oxidation, discoloration, corrosion, theft, pilferage and non-delivery |
UNAPPROVED COMMODITIES:
| The following goods are insured subject to limited
conditions - ocean shipments insured FPA, excluding theft, pilferage
and non-delivery at policy FPA Rates - Air shipments insured at
rates and conditions to be specified and agreed upon at time of
declaration. |
| Antiques |
Currency |
Perfume/ Fragrances |
| Artwork |
Cryogenic Containers |
Precious Metals |
| Automobiles/ Motorcycles over 10 model
years old |
Eggs in the shell |
Sanitary goods |
| Bagged Commodities - Not Containerized |
Flowers ( Not Artificial) |
Statuary |
| Bouillon |
Furs |
Tin plate |
| Bulk Commodities |
Gemstones |
Tobacco |
| Cast iron pipe & stoves |
Guns |
Used merchandise |
| Cellular telephones |
Household Goods/ Personal Effects |
Valuable Paper |
| Ceramic blocks, slabs |
Owner Packed |
Windows, Plate Glass, Float Glass |
| Cigarettes/Cigars |
Semi precious and precious jewelry |
Watercraft over 3 years old or over
$50,000.00 in value or over 30 feet in length |
| Coins/ Stamps |
Live plants and animals |
| Collectibles |
Lumber-non Containerized |
Sheet rock, Dry Wall, gypsum Board |
| Cotton |
Marble and/or stone (except tile) |
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Ocean Containers/ Chassis/ Trailers |
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UNAPPROVED COUNTRIES:
| Shipments to or from any of the following countries
may only be insured only after obtaining the underwriters' approval: |
| Afghanistan |
Ivory Coast |
Sudan |
| Algeria |
Jordan |
Syria |
| Angola (including Cabinda) |
Liberia |
Togo |
| Burma (Myanmar) |
Libya |
Yemen/People's Republic of |
| Burundi |
Nigeria |
Yemen (North and South Yemen) |
| Congo, Democratic Republic of |
North Korea |
Zaire (Congo) |
| Congo (formerly Zaire) |
OFAC Restricted Countries |
Zimbabwe |
| Cuba |
Paraguay |
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| Iran |
Sierra Leone |
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| Iraq |
Sri Lanka |
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CATEGORIES OF INTEREST:
- Approved General Merchandise
- Alcoholic Beverages
- Automobiles & Motorcycles (less than 10 model years old)
- Bagged Commodities in Door-to-Door Containers
- Watercraft/Yachts, New & Used (Not more than 3 model years old), Not Exceeding USD 50,000 in Value Nor in Excess of 30 Feet in Length
- Ceramic, Chinaware, Crystal, Glass Tubes, Glassware, Mirrors, Light Bulbs, Marble and/or Stone Tile of any kind, Porcelain, and Vitreous China (excluding Window, Plate Glass, Blocks, Slabs, Antiques, Works of Art, and Similar Merchandise)
- Frozen/Chilled Foods and/or Other Frozen/Chilled Merchandise
- Household Goods and Personal Effects
- Perishable Merchandise
- Refrigerated Merchandise
- Steel Pipe, Tubing, Rods and Similar Merchandise
- Steel Sheets, Coils and Similar Merchandise
- Used, Refurbished and/or Rebuilt Merchandise
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