ACE CARGO ADVANTAGE LIAINSURANCE POLICY · PDF fileMARINE . ACE Cargo Advantage Insurance...

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Transcript of ACE CARGO ADVANTAGE LIAINSURANCE POLICY · PDF fileMARINE . ACE Cargo Advantage Insurance...

  • ACE CARGO ADVANTAGE

    LIA

    INSURANCE POLICY

    MARINE

  • ACE Cargo Advantage Insurance Policy. PT ACE Jaya Proteksi

    2016 ACE Group. ACE, ACE logo and ACE insured are trademarks of

    ACE Limited. Not all coverages available in all jurisdictions. Coverages

    underwritten by one or more companies of the ACEGroup. PT ACE Jaya Proteksi is registered

    and supervised by Otoritas Jasa Keuangan (Financial Services Authority) in Indonesia

    Published 2016/01 Page 2 of 18

    CONTENTS

    IMPORTANT NOTICES .......................................................................................................................................................... 3

    About Our Policy Wording ............................................................................................................................................... 3

    Your Duty of Disclosure................................................................................................................................................... 3

    POLICY WORDING ................................................................................................................................................................ 3

    Section 1: Standard Cover .............................................................................................................................................. 3

    Section 2: Special Conditions .......................................................................................................................................... 3

    Section 3: Claims Procedures ......................................................................................................................................... 4

    Section 4: Customer Service ........................................................................................................................................... 4

    Appendix 1: Institute Clauses ............................................................................................................................................... 5

    INSTITUTE CARGO CLAUSES (A) ................................................................................................................................. 5

    INSTITUTE WAR CLAUSES (CARGO) ........................................................................................................................... 6

    INSTITUTE STRIKES CLAUSES (CARGO) ..................................................................................................................... 8

    INSTITUTE CLASSIFICATION CLAUSE ......................................................................................................................... 9

    INSTITUTE CARGO CLAUSES (AIR) (excluding sendings by Post) ............................................................................... 10

    INSTITUTE WAR CLAUSES (AIR CARGO) (excluding sendings by Post) ...................................................................... 11

    INSTITUTE STRIKES CLAUSES (AIR CARGO) ............................................................................................................ 13

    INSTITUTE CARGO CLAUSES (C) ............................................................................................................................... 14

    TERMINATION OF TRANSIT CLAUSE (TERRORISM) 2009 ......................................................................................... 16

    CARGO ISM ENDORSEMENT ..................................................................................................................................... 16

    CARGO ISM FORWARDING CHARGES CLAUSE ........................................................................................................ 17

    INLAND TRANSIT (ALL RISKS) CLAUSE ..................................................................................................................... 17

    INSTITUTE CYBER ATTACK EXCLUSION CLAUSE .................................................................................................... 17

    INSTITUTE RADIOACTIVE CONTAMINATION, CHEMICAL, BIOLOGICAL, BIO-CHEMICAL AND ELECTROMAGNETIC

    WEAPONS EXCLUSION CLAUSE ................................................................................................................................ 17

    SANCTION LIMITATION AND EXCLUSION CLAUSE ................................................................................................... 17

    INSTITUTE REPLACEMENT CLAUSE .......................................................................................................................... 18

    INSTITUTE REPLACEMENT CLAUSE (SECOND-HAND MACHINERY) ........................................................................ 18

    LOADING AND UNLOADING CLAUSE ......................................................................................................................... 18

    INFORMATION TECHNOLOGY HAZARDS CLAUSE .................................................................................................... 18

    DATE RECOGNITION ENDORSEMENT ....................................................................................................................... 18

    USE OF INFORMATION AND DATA .................................................................................................................................... 18

    About ACE JAYA PROTEKSI .............................................................................................................................................. 18

  • ACE Cargo Advantage Insurance Policy. PT ACE Jaya Proteksi

    2016 ACE Group. ACE, ACE logo and ACE insured are trademarks of

    ACE Limited. Not all coverages available in all jurisdictions. Coverages

    underwritten by one or more companies of the ACEGroup. PT ACE Jaya Proteksi is registered

    and supervised by Otoritas Jasa Keuangan (Financial Services Authority) in Indonesia

    Published 2016/01 Page 3 of 18

    IMPORTANT NOTICES

    About Our Policy Wording

    Please read this policy carefully. If it does not meet with your requirements, you should inform us immediately through your insurance intermediary.

    PT ACE Jaya Proteksi (ACE, referred to as the Company within this policy) and the Insured named in the individual Policy of Insurance agree that

    this Policy and any specific conditions (s) subsequently issued shall

    be considered one document and any word or expression to which a specific meaning has been attached shall bear such meaning wherever it appears,

    information supplied by the Insured shall be incorporated as part of the contract,

    the Company will provide the insurance described in this Policy, subject to the terms and conditions, for the period of insurance shown and any subsequent period for which the Insured shall pay and the Company shall agree to accept the premium,

    provided that this Policy shall not be in force unless it has been initialled by an authorised official of the Company.

    Your Duty of Disclosure

    Before You enter into your Policy with Us, You must disclose fully and faithfully all the facts which You know or ought to know, which are relevant to Us in providing insurance to You and the Premium We calculate. If You not do so, We may have rights to cancel this insurance or to refuse to pay Your claims or You may receive no benefit from the Policy. The insurance cover under this Policy is based on the information submitted by You to Us, in the proposal form. If You provide Us any information that is incorrect, please notify Us immediately, otherwise You may receive no benefit in the event of a valid claim. If the information, which You subsequently provide Us, differs materially from the information set out in the proposal form, We may offer cover on different terms or decline it together.

    POLICY WORDING

    Section 1: Standard Cover

    To enable the cover provided under this policy to be understood worldwide the standard cover is provided by the internationally recognised Institute Clauses listed below: For shipments by sea and/or land conveyances:

    Institute Cargo Clauses (A) CL 382 01/01/2009 Institute War Clauses (Cargo) CL385 01/01/2009 Institute Strikes Clauses (Cargo) CL386 01/01/2009 Institute Classification Clause CL354 01/01/2001 Cargo ISM Endorsement JC98/019 Cargo ISM Forwarding Charges Clause Inland Transit All Risk Clause

    For shipments by aircraft: Institute Cargo Clauses (Air) (excluding sendings by Post) CL387 01/01/2009 Institute War Clauses (Air Cargo) (excluding sendings by Post) CL388 01/01/2009 Institute Strikes Clauses (Air Cargo) CL389 01/01/2009

    For shipments insured after the shipment date and/or any shipments by sea that are stowed on deck unless in a fully enclosed container:

    Institute Cargo Clauses (C) CL384 01/01/2009

    For all shipments: Institute Cyber Attack Exclusion Clause CL380 10/11/2003 Institute Radioactive, Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapons Exclusion Clause CL370 10/11/2003 Sanctions Limitation and Exclusion Clause Termination of Transit Clause (Terrorism) JC2009/56 01/01/2009 Institute Replacement Clause 1/1/34 Second Hand Replacement Clause (applicable to used/second hand machinery/equipment) Loading and Unloading Clause Information Technology Hazards Clause Date Recognition Endorsement

    For ease of reference these Institute Clauses are contained in

    Appendix 1 at the back of this policy or can be found in our website at

    www.acecargoadvantage.com/product

    It is important that you acquaint yourself with the coverage, exclusions

    an