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