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Marine Cargo Insurance Policy

This document outlines a Marine Cargo Insurance Policy for Minh Viet Engineering and Construction JSC, covering a hydro plant intake screen valued at USD 211,037 during transport from Cai Mep Port, Vietnam to Fredrikstad Port, Norway. The policy includes various exclusions and conditions, and requires immediate notice for any claims involving loss or damage. The total premium for the insurance is USD 316.31, with specific instructions for claims processing and documentation.
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0% found this document useful (0 votes)
124 views3 pages

Marine Cargo Insurance Policy

This document outlines a Marine Cargo Insurance Policy for Minh Viet Engineering and Construction JSC, covering a hydro plant intake screen valued at USD 211,037 during transport from Cai Mep Port, Vietnam to Fredrikstad Port, Norway. The policy includes various exclusions and conditions, and requires immediate notice for any claims involving loss or damage. The total premium for the insurance is USD 316.31, with specific instructions for claims processing and documentation.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MARINE CARGO INSURANCE POLICY

NO.: 0401-0885-020101-23-000005
Assured: MINH VIET ENGINEERING AND CONSTRUCTION JSC
STEET NO. 12, DONG XUYEN IZ, RACH DUA WARD, VUNG TAU CITY,
VIETNAM
To the order of: TEL: +84 21512354
EAGLE TECHNOLOGY AS
SORLIVEIEN 90, 1788 HALDEN, NORWAY
Amount Insured: CIF 110% – USD 211,037 Exchange rate:
In words: Two hundred eleven thousand and thirty seven Us 24,280 VND/USD
Dollars
Vessel or HAIAN BETA 026S Sailing on or about: 24-01-
Conveyance: ONE HOUSTON 058W 2025

From: CAI MEP Port To: FREDRIKSTAD Port Transhipment at:


Allowed
Subject – matter Insured:
COMMODITY: HYDRO PLANT
QUANTITY: INTAKE SCREEN
INVOICE No.: 1
PO 100643-PL01
DATED: 19-10-2024
Conditions: Subject to the following clauses as per back hereof and/or attached:
 Institute Cargo Clauses (A) 1.1.82
 LMA5402 Marine Cyber Exclusion
 JELC Communicable Disease Exclusion
 Terrorism Exclusion Clause 10.2.01
 Termination of Transit Clause (Terrorism) 1.1.09
 Sanction Limitation and Exclusion Clause 11.8.10
 Radioactive Contamination Chemical Biological Biochem Electromagnetic Weapons
Exclusion 10.11.03
 Nuclear Energy Risks Exclusions Clause 1.1.89
 Seepage And Pollution Exclusion
 Joint Excess Loss Committee Electronic Date Recognition Endorsement – C (Xdedic)
 Liability Exclusion
 War Exclusion
 Political Risk, Financial Guarantee and Credit Risk Exclusion
 Joint Excess Loss Cyber Losses Clause JX2020-007 (18/06/2020)
 Non Marine Exclusion (Cargo)
 Information Technology Hazards
 Institute Classification Clause CL354 - 1.1.2001
 Cargo ISPS Endorsement 04.11.2004 (JC 2004/050)
 Cargo ISM Endorsement 1.5.98
 Excluding all claims for unexplained shortage or shortage in weight and/or quantity in
case of containers’ seal is intact condition
 Excluding loss, damage, or expense caused by insufficiency or unsuitability of packing
or preparation of the subject-matter insured
 Eliminates damage caused by scratches
 Payment before Sep 15, 2023 but not later the arrival date whatever is the earlier.
Warranted shipped under deck unless otherwise specified or containerized shipment.
Vessels must be seaworthy, and should be covered with P&I insurance by a reputable international P&I
Club/Association or the equivalent certificate and this P&I Certificate must be effective throughout the
voyage.
Rate: 0.1363% PPremium: 287.64 VAT (10%): 28.77
Total: USD 316.31
In the event of loss or damage which may involve a claim under this insurance, no claim will be
admitted unless immediate notice survey has been given to and a Survey Report obtained from or with
the approval of:
W.E. COX CLAIMS GROUP LTD (CEEMIS Survey Agent)
Room A, 19F Jun Yao International Plaza, 789 Zhaojiabang Road, Shanghai 200032,
China
Tel: (86)2164229730 Fax: (86) 21 64228630
Claims, if any, payable TP. HỒ CHÍ MINH By: AAA THU DUC
at/in:
Signed in: On: Jan 17, 2025
IMPORTANT (Incorrect return it to as the
It is the duty of the Assured and their immediately for Underwriters) hereby
agent, in all cases, to take such measures alteration.) agree, in
as may be reasonable for the purpose of consideration of the
averting or minimizing a loss and to DOCUMENTATION OF payment to us by or
ensure that the rights against Carriers, CLAIMS on behalf of the
Bailees or other third parties are properly Assured of the
preserved and exercised. In particular, To enable claims to be premium as
the Assured or their agents are required: dealt with promptly, the arranged, to insure
1. To claim immediately on the carriers, Assured or their Agents against loss damage
port authorities or other Bailees for any are advised to submit all liability or expense
missing packages. available supporting to the extent and in
2. In no circumstances, except under documents without delay, the manner herein
written protest, to give clean receipts including when applicable: provided.
where goods are in doubtful conditions.
3. When delivery is made by container, 1. Original Policy or IN WITNESS
to ensure that the container and its seals Certificate of Insurance. whereof the
are examined immediately by their 2. Original or certified undersigned have
responsible official. copy shipping invoices, subscribed their
If the container is delivered damaged or together with shipping names for and on
with seals broken or missing or with Specification and/or behalf of the
seals other than as stated in the shipping weight notes. Underwriters.
documents, to clause the delivery receipt 3. Original bill of lading
accordingly and retain all defective or and/or other contract of
irregular seals for subsequent carriage.
identification. 4. Survey report or other
4. To apply immediately for survey by documentary evidence to
carriers or other Bailees representatives show the extent of loss or
if any loss or damage be apparent and damage.
claim on the carriers or other Bailees for 5. Landing account and
any actual loss or damage was not weight notes at port of
apparent at the time of taking delivery. discharge and final
5. To give notice on writing to the destination.
Carrier or other Bailees within 3 days of
6. Correspondence
delivery if the loss or damage was not exchanged with the
apparent at the time of taking delivery.Carriers and other Parties
regarding their liability for
Note: the consignees or their agent are the loss or damage.
recommended to make themselves 7. Other documents as per
familiar with regulation of the port request of the
authorities at the port of discharge. Underwriters.

The attached Clauses and


Endorsements form part of
this Policy.

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