Cargo Insurance

There are no guarantees in a life, there are only probabilities.
T. Clancy

Cargo insurance is a key to your success in business.

London-Almaty Insurance Company offers insurance coverage against the following risks:

• Clause A “All Risks”
• Clause B “With Particular Average”
• Clause C “Free from Particular Average”  

Sum Insured

The sum insured shall be defined by the documents (such as invoice, bill of lading) confirming the actual value of the cargo.

• cargoes may be insured for 110% of their actual value if same is confirmed in written.

Insurance Rate

The insurance rate is established as percentage of the sum insured.
Factors affecting the insurance rate include:

• cargo class
• transportation mode (by car, rail, air or sea)
• cargo transportation route
• history of losses during similar shipments

Our Advantages:

• Insurance Coverage includes warehousing of cargoes for up to 60 days (ii required)
• Covered is also the risk of damage to cargo at loading or unloading

Risks covered under cargo insurance under Clause A “All Risks” include:

• losses arising from damage to or total loss of the cargo in full or in part  
• general average expenses
• all appropriate and reasonable expenses the Insured has incurred in order to prevent or reduce the losses, should such expenses be necessary or made to comply with the Insurer’s instructions.

Risks covered by cargo insurance under Clause B “With Particular Average”:

• losses arising from damage to or total loss of the cargo in full or in part due to:
  • effect of fire, lightning, windstorm, whirlwind or other acts of God
  • destruction or collision of the vehicles with one another
  • blow of vehicles against stationary or floating facilities
  • ship sitting on the rocks, collapse of bridges, explosion, damage to a vessel with ice, wetting by the outside water or owing to the salvage or fire extinguishing measures
  • losses arising from missing of a vessel or plane
  • accidents at shipment, stowing or unloading of cargo or loading of fuel onboard the vessel

• general average expenses

• all appropriate and reasonable expenses the Insured has incurred in order to prevent or reduce the losses, should such expenses be necessary or made to comply with the Insurer’s instructions.

Risks covered by cargo insurance under Clause C “Free from Particular Average”:

• losses arising from damage or loss of the cargo in full or in part due to:
  • effect of fire, lightning, windstorm, whirlwind or other acts of God
  • destruction or collision of the vehicles with one another
  • blow of vehicles against stationary or floating facilities
  • ship sitting on the rocks, collapse of bridges, explosion, damage to a vessel with ice, wetting by the outside water or owing to the salvage or fire extinguishing measures
  • losses arising from missing of a vessel or plane
  • accidents at shipment, stowing or unloading of cargo or loading of fuel onboard the vessel
• losses, expenses and contributions associated with the general average
• all appropriate and reasonable expenses the Insured has incurred in order to prevent or reduce the losses, should such expenses be necessary or made to comply with the Insurer’s instructions.