To deliver goods safely to each of our customers, to avoid accidental loss during the transition, and to minimize the risk, we formulated the following insurance policy:
The clients will not be forced to buy insurance. But based on our more than 15 years of industry experience, we strongly recommend that customers purchase insurance. The reasons are as follows:
A. Why choose to buy insurance
1. Insurance is indispensable in the international trade section. As transportation does, insurance has become an essential part of international trade. It’s done by the transport to hand goods from the seller to the buyer, and during the process, we will inevitably encounter some surprises we do not want to see. Once it happens, accident insurance will minimize the risk for us.
2. Insurance is the best tool for effective risk management and risk transferring. During the United Airlines cargo transport, maritime transport, railways and highways cargo transport, natural disasters or accidents are likely to occur. Although we made the most significant efforts in the packaging and choosing a reliable shipping company to minimize the risk for clients, omissions are inevitable in the actual operation of international trade. Shifting the risk by insurance is an effective way to reduce your loss.
3. The cost of buying insurance tends to be low. It’s worth doing at a low cost but with high security. Cargo insurance outweighs the cost as a whole. We recommend that you buy insurance no matter whether the amount of your goods is large or small.
B. Ways to buy insurance:
1. Our company can buy cargo insurance on behalf of clients if required by clients. Our client’s insurance is mainly from LIFE, Ping’an, and Pacific Insurance.
2. Clients can buy the appropriate insurance for their goods according to their requirements.
Notes: No matter how the client buys insurance, the insurance company and the buyer are the ultimate persons liable. When goods are damaged or lost because of force majeure and other natural disasters or accidents during transit, the insurance company will be compensated according to your situation. You two parties will negotiate the specific content of the compensation. Our company is not involved in assuming any responsibility. But for the benefit of clients, our company will do our best to help clients recover the losses.
C. Reasonable amount of insurance and the corresponding compensation standard terms
We recommend that clients buy all risks, as the insurance costs only four to one thousand dollars of the cargo amount.
The central extent of liability for all risks includes the following items:
1. Natural disasters and transport accidents caused the insured goods to be lost completely or constructively during transport.
2. Because of transport being stranded, sunk, or colliding, the same transport vehicle collision with other objects, such as fire, explosions, and other accidents, caused partial loss of the insured goods.
3. As long as the means of transport have been stranded, sunk, or burnt and other accidents, whether before or after the accident, lost at sea, part of bad weather, lightning, tsunamis, and other natural disasters caused by the insured goods.
4. In handling the transshipment process, all the losses of the insured goods or several pieces into the sea are partly caused by the loss.
5. Transportation to natural disasters or accidents, in the port of refuge, all the losses of the insured goods caused by discharge or partial loss.
6. Transportation to natural disasters or accidents, the need in the middle of the harbor or docked in the port of refuge caused extraordinary expenses for unloading, loading, storage, and delivering goods produced.
7. Sacrifice, pooled expenses, and salvage charges arising from a general average occurrence.
8. The risk of occurrence within insurance coverage allows the insured to take cargo rescue measures to prevent or reduce losses, resulting in rescue costs. However, the insurance company to bear the cost of the quota can not exceed the amount of insurance for these goods rescued. Rescue costs can be borne beyond the amount of compensation within the limits of an insurance amount.
9. Some losses are due to bad weather, lightning, tsunamis, earthquakes, floods, and other natural disasters.
10. Goods in transit due to various external reasons for the loss caused by the insured goods. Whether total or partial loss, in addition to natural wear and tear of certain goods in transit, the insurance company and the insured parties have agreed on the policy outlined in the franchise, an insurance company for compensation.
Insurance liability gets into force from the time of departure of the insured goods leave the warehouse or place of storage locations until the goods reach the destination consignee’s warehouse to terminate or storage premises. Suppose the consignee’s warehouse or place of storage has yet to arrive. In that case, the maximum liability valid insurance of goods unloaded from the last ten days of the means of transport is limited.
D. What are the consequences if clients don’t buy insurance? What are the relevant transport provisions and regulations?
Note: If the customers do not buy insurance, goods loss in transit caused by force majeure such as natural disasters (typhoons, tsunamis, etc.) and accidents (fire, explosion, the crew improper operation, etc.) and human error; force majeure risk caused by political factors; the deviation costs or risks arising because some countries ban the naval blockade results in specific route blocked; cargo losses because of war; the risk that goods can’t enter or are refused delivery because of the trade country’s domestic political turmoil and all other economic losses and all the responsibility are borne by the buyer, our company does not assume any responsibility.
Our company strictly observes the relevant laws and regulations of the People’s Republic of China, and no illegal conveyance of prohibited items to the customers. We do not allow customers or shipping agents to use our goods for unlawful trading or other illegal behavior. Once customers or shipping agents are found using our products to engage in illegal trading or illegal behavior, we will spare no pains exposing them, and all the losses and liability caused by offenders are borne entirely.
If the Chinese documents and English document content conflict, performed according to Chinese document content.