
INSURANCE
CONCARGO CARRIER’S CARGO INSURANCE POLICY
Effective 1 March 2022
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 5,000,000.00 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
R 60,000.00 12m container
EXCESSES / DEDUCTIBLES VAT EXCLUSIVE
In the event of a claim recoverable under the policy the Insured 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 R5,000,000.00
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 R5,000,000.00
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 R5,000,000.00
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 R5,000,000.00
20% (Twenty percent) of Claim - minimum of R20,000.00 (Twenty Thousand Rand) each and every claim
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 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.
Overborder / AFRICA SHIPMENTS
All Risk and Top-Up cover for Over Border Africa available on written request only, and for the client’s account. All Risk Cover and Top-Up Cover is available through our in-house broker, Fiduciary Financial Services www.fiduciary.co.za. 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
