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CARGO INSURANCE

WHY IS IT NECESSARY TO INSURE CARGO?

Transportation of cargo is directly connected with the risk to face unforeseen material losses. Cargo insurance is the liable method for security of Your interests in case of loss, destruction or damage of the cargo.

WHAT KIND OF CARGO CAN BE INSURED?

All types of cargo are accepted at “INGO ARMENIA” ICJSC for insurance.

WHAT RISKS CAN BE INSURED?

Cargo insurance is performed based on generally accepted insurance conditions which are constituted by the Insurance London University (ILU) and are named "Institute Cargo Clauses" (A), (B) and (C). In addition to general conditions, insurance coverage may include special risks, such as military actions, strikes (for marine and air transportation), risks of damage to the cargo during loading/unloading works, risks of keeping the cargo in interim warehouses during transportation process.

INSTITUTE CARGO CLAUSES (A), (ALL RISKS)

Insurance covers “all risks” in connection with damage or loss of cargo, except cases of general exclusions. The meaning of “all risks” in accordance to clause A is coverage of “accidental losses”, excluding “inevitable losses”.

TERRITORIAL SCOPE

Insurance coverage is effective on the territories of all the countries of the World despite type of transport.

SUM INSURED (MAXIMUM LIMIT OF COMPENSATION)

Definition of the liability of the Insurer (insurance value and sum insured) is very essential, as in case of insurance accident occurrence compensation payment is performed taking into account the amount of this sum. That is why “INGO ARMENIA” ICJSC in accordance with the wish of the client includes all documental proved expenses for transportation execution into insurance value e.g.:

  • freight charges;
  • customs duty;
  • expenses of military escort and etc.

INSURANCE OPTIONS

No matter You want to insure one separate cargo or systematic consignment our specialists will help You to choose maximally optimized insurance coverage, which will correspond to Your budget.

In case of carrying out one transportation we draw up one-time Policy with the possibility to pay insurance premium within 5 banking days. Thus the cargo may be sent for transportation just on the day of Policy issuance.

General Policy is drawn up for insurance of systematic cargo transportation and the advantages of General Policy are:

  • insurance rates are lower than for on-time Policy;
  • easy cargo insurance application;
  • convenient system of insurance premium payment.

HOW MUCH DOES CARGO INSURANCE POLICY COST?

You may receive fast calculation of insurance premium by filling in insurance application and sending it to the following e-mail address: cargo@ingoarmenia.am

 

Interesting information for cargo owners

Cargo insurance application form

1.99 MB
Updated:   2015-01-26 11:01

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In case of disparity between information presented in Armenian, Russian and English the Armenian variant is preferable.