INSURANCE

CONCARGO CARRIER’S CARGO INSURANCE POLICY

Effective 01 March 2025

SUBJECT MATTER:

Stock of every description including consignment stock for which the insured is responsible or accept responsibility, consisting principally of but not limited to General Goods including Hazardous Chemicals, Refrigerated and Frozen Goods and Fresh Produce.

Including all packing materials, labels and the like when necessary for commercial purposes.
Including secondhand or reconditioned or refurbished goods subject to the Secondhand or Reconditioned or Refurbished Goods Clause incorporated herein.
Excluding environmental pollution liability cover
Excluding Third Party liability claims and/or consequential losses howsoever occurred/arising.
Excluding any Deterioration of Stock unless caused by an insured peril.
Excluding the transportation of frozen and refrigerated goods cross-border.

Excluded Cargo:

explosives, arms, ammunition, tobacco, cigars, cigarettes, liquor, alcoholic beverages (other than wine and beer) and the like
New and/or retread tyres
Treasure notes, specie, bullion, cash, bonds, deeds, stamps, pre-paid telephone cards and securities
Manuscripts, documents, plans and computer system records
Dangerous drugs which are the subject of various International Conventions
Any live animals, jewellery, furs, watches, precious metal and stones, artworks, and antiques
Used Household Goods and Personal Effects
Copper, brass, cobalt and scrap metal
Cellphones and accessories, tablets
Oils other than motor oil and lubricants
Fertilizer

TERRITORIAL LIMITS:

Cross Border

Within SADC countries including Namibia, Botswana, Zimbabwe, Mozambique, Eswatini (Swaziland), Lesotho, Malawi, Zambia and DRC as far as Kolwezi.

Inland Transit

Within the Republic of South Africa

MAXIMUM LIMITS OF INDEMNITY:

Carriers Liability R 2,500,000.00 Any one conveyance

Salvage & Recovery R 50,000.00 Maximum limit any one occurrence iro salvage & recovery of load costs or 5% of TSI at the time of loss whichever is the lesser.

Tarpaulins, Nets, Ropes R 20,000.00 Maximum limit any one occurrence any one conveyance
covered in respect of Institute Cargo Clauses (C)

Legal Defense Costs R 25,000.00 Maximum limit any one occurrence

Debris Removal R 50,000.00 Maximum limit any one occurrence

Containers R 40,000.00 6m container

Containers R 60,000.00 12m container

EXCESSES / DEDUCTIBLES VAT EXCLUSIVE

In the event of a claim recoverable under the policy the client shall bear an excess of:

General Excess

Load Value R0.00 to R500,000.00
10% (Ten percent) of Claim - minimum R2,500.00 (Two Thousand, Five Hundred Rand) each and every claim

Load Value R500,001.00 to R2,500,000.00
10% (Ten percent) of Claim - minimum R5,000.00 (Five Thousand Rand) each and every claim

Hijack/Armed Robbery and Theft of the entire load

Load Value R0 to R500,000.00
20% (Twenty percent) of Claim - minimum of R5,000.00 (Five Thousand Rand) each and every claim

Load Value R500,001 to R2,500,000.00
20% (Twenty percent) of Claim - minimum of R10,000.00 (Ten Thousand Rand) each and every claim

Tarps, Nets, Ropes: 10% of claim subject to a minimum of R1,500.00

6M Container Excess: 10% of claim subject to a minimum of R2,500.00

12M Container Excess: 10% of claim subject to a minimum of R2,500.00

Cross-Border Excess:

General Excess

Load Value R0.00 to R500,000.00
10% (Ten percent) of Claim - minimum R5,000.00 (Five Thousand Rand) each and every claim

Load Value R500,001.00 to R2,500,000.00
10% (Ten percent) of Claim - minimum R10,000.00 (Ten Thousand Rand) each and every claim

Hijack/Armed Robbery and Theft of the entire load

Load Value R0 to R500,000.00
20% (Twenty percent) of Claim - minimum of 10,000.00 (Ten Thousand Rand) each and every claim

Load Value R500,001 to R2,500,000.00
20% (Twenty percent) of Claim - minimum of R20,000.00 (Twenty Thousand Rand) each and every claim

KINDLY NOTE THE FOLLOWING REVISED WARRANTIES (EFFECTIVE 11 OCTOBER 2023) FOR THE TRANSPORTATION OF solar and associated energy products such as solar modules, solar panels, inverters and batteries.

As such these commodities have been deemed to be of a high-risk nature in the local insurance industry.

The excesses for these products will be as follows:

General 10% of Claim min R20,000.00
Hijack/Theft 20% of Claim min R50,000.00

WARRANTIES – Non-Compliance with these warranties will lead to claims being rejected:

All Vehicles and Trailers to be fitted with a GPS (Global Positioning System) satellite tracking and recovery system as well as anti-jamming device throughout the period of transit and must be working at all times.
Cargo to be in a fully enclosed FCL Container/Vehicle.
Unauthorized stops are disallowed.
Shipments in excess of R500,000.00 must only be a direct shipment.
Shipments with a value exceeding R500,000.00 must have professional armed security guards to accompany cargo at all times, in separate vehicles, to final destination.
Advertisement of cargo transported is disallowed.
Road Carriers must follow a prescribed route.

PLEASE NOTE:

All excesses will be for the client’s account and will form part of the claims process.
Full policy document available on www.concargo.com/insurance
Please click here to download Our detailed Carrier’s Cargo Policy.

TOP-UP COVER for National and Africa is available through our in-house broker, Fiduciary Financial Services www.fiduciary.co.za. Please note that the Top-Up Cover for National will be for the client’s account. Please contact Dianne quotes@fiduciary.co.za or Telephone 021-9309166.

Fiduciary Financial Services (Pty) Ltd
Reg. No. 2004/016096/07
FSP No. 8457
Email: quotes@fiduciary.co.za
Website: www.fiduciary.co.za

On behalf of:
Horizon Underwriting Managers (Pty) Ltd
Reg. No. 1995/013154/07
FSP No. 6354
UNDERWRITING MANAGERS FOR LOMBARD INSURANCE COMPANY LIMITED