ASIAN ALLIANCE RISK SERVICES TAIWAN
- Property Damage Insurance
- Marine Cargo Insurance
- Product Liability Insurance
- Commercial General Liability Insurance
- Directors and Officers Liability
- Construction/ Erection All Risks (Car/Ear) Insurance
A Marine Cargo policy can cover goods moving by air, sea, land or any combination thereof. The main coverage provide against risks to cargo are on the basis of Institute Cargo Clauses A, B and C.
The Marine Cargo policy will cover all materials including equipment, spares etc. from the time the materials leave the supplier's premises for the journey to buyer’s warehouse, during the journey and including all incidental storage until the materials are delivered to their respective destinations.
The covers available under these clauses can be enumerated as under:
Institute Cargo Clause C or ICC 'C'
This is the most restricted coverage and subject to the listed exclusions, covers loss or damage to the subject matter insured caused by
This Clause covers major casualties during the land or sea transit and tends to be used for cargo that is not easily damaged like scrap steel, coal, oil in bulk, etc.
Institute Cargo Clause B or ICC 'B'
This cover is wider and apart from the risks covered under ICC 'C', it also covers loss or damage to cargo caused by
These are significant additional coverage against wet damage from sea, lake or river water and accidents in loading and discharge are covered but there is no coverage for theft, pilferage, shortage and non-delivery.
Institute Cargo Clause A or ICC 'A'
This option is the widest of all three and is generally summed up as 'All Risks' of loss or damage to the insured cargo. The words 'All Risks' have been the subject of careful examination in legal cases over the years and should be understood, in the context of the 'A' Clause, to cover fortuitous loss but not loss that occurs inevitably.
The cover includes everything under both the foregoing Clauses and also
