Tuesday November 21, 2017
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Comparison of Coverages
Types of Coverages


1. 'Single Shipment Policy' (this is suitable for occasional shippers). Write to us using the online quote form we will give you a quote immediately.

2. 'Open Cover Policy''(this is suitable for regular shippers). Write to us giving us basic information, we will get in touch with you and provide with you all the necessary tools to complete this. We also do agreed rate policies under the open cover so that you can avail of better rates for sectors that you ship goods to on a regular basis.

Under the marine cargo policy, goods can be insured
- Institute Cargo Clauses (A) (ALL RISKS) on all risks basis, or either
- Institute Cargo Clauses (B) (WITH AVERAGE) or Institute Cargo Clauses (C) (FREE FROM PARTICULAR AVERAGE)
- These coverage variations are explained below.
Comparison of the above - our recommendation is always all risks under Institute Cargo Clauses (A) as it provides the most comprehensive cover.

Move to Warehouse to Warehouse protection


Comparison of Cargo Coverages







































































































































































  Loss Caused by or Resulting From :

  Whether covered under**

  ICC(C)

  ICC(B)

  ICC(A)

1. Stranding

    

    

    

2. Sinking

    

    

    

3. Burning

    

    

    

4. Collision

    

    

    

5. Faults or Errors in the management of the vessel

    

    

    

6. Bursting of Boilers

    

    

    

7. Latent defects in hull or machinery

    

    

    

8. Explosion

    

    

    

9. Jettison

    

    

    

10. Heavy Weather*

       X

    

    

11. Seawater as a result of heavy weather*

       X

    

    

12. Freshwater

       X

       X

    

13. Improper stowage by the carrier

       X

       X

    

14. Hook damage, mud and grease

       X

       X

    

15. Theft on an entire shipping package

       X

       X

    

16. Non-delivery of an entire shipping package

       X

       X

    

17. Pilferage

       X

       X

    

18. Leakage (unless ordinary)

       X

       X

    

19. Breakage

       X

       X

    


* Refers to partial losses. Total loss of cargo from these perils would be covered.
** this is an indicative list for the most common commodities and coverages may vary depending upon commodity, conveyance mode. We request you to write to us at info@falconinsurance.com.hk, providing specific details and we will be very happy to provide exact coverage information.
Call Us: Hotline - 852 2232 2222
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RATED A-

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