Renew Kurnia Car Insurance policy via WhatsApp 011-12239838

Renew your Kurnia Car Insurance
WhatsApp 011-12239838
Dear Customers,
Need help to renew your Kurnia motor insurance during the Movement Control Order (MCO) period?
Kurnia ACPG is here to support you so that you can #StayatHome and only go out for essential business or chores.
During this period, renewal of expiring road tax and driving license are exempted by the Ministry of Transport.
That means if you have an expired driving license or road tax, you can still drive out as long as you have a valid insurance coverage and a copy of your insurance cover note with you.
Contact your Kurnia ACPG today!
WhatsApp To us 011-12239838
ACPG Management Sdn Bhd
http://www.acpgconsultant.com
012-6489838
017-3183811
Memperbaharui insurans kenderaan Kurnia Insurans
WhatsApp 011-12239838
Pelanggan yang dihormati,
Perlukan bantuan untuk memperbaharui insurans kenderaan anda semasa dalam tempoh Perintah Kawalan Pergerakan (PKP)?
Kurnia ACPG sedia membantu agar anda dapat #DudukDiRumah dan hanya keluar untuk urusan atau tugas yang penting.
Dalam tempoh ini, pihak Kementerian Pengangkutan telah mengecualikan sebarang pembaharuan cukai jalan dan lesen memandu yang telah tamat tempoh. Ini bermakna sekiranya anda mempunyai lesen memandu atau cukai jalan yang telah tamat tempoh, anda masih boleh menggunakan kenderaan selagi anda mempunyai perlindungan insurans yang sah dan sesalinan nota perlindungan insurans bersama anda.
Hubungi Kurnia ACPG anda hari ini!
Kurnia insurance Ejen
ACPG Management Sdn Bhd
http://www.acpgconsultant.com
012-6489838
017-3183811
更新 Kunia 汽车保险
WhatsApp +6011-12239838
亲爱的客户,
您是否在行动管制令期间需要更新 Kurnia 汽车保险呢?
Kurnia ACPG 保险代理公司正居家工作为您提供不间断的服务,以便让您安心留在家。
在行动管制令期间,交通部豁免更新路税和驾照。这意味着,任何拥有过期路税和驾照的人士都可以开车上路,条件是车险保单必须有效。在此期间,您只需携带车险副本或电子版的临时车险保单就能上路。
欲知详情 ,
立即联络 Kurnia ACPG 保险代理公司!
WhatsApp +6011-12239838
Kurnia 更新车险代理公司
ACPG Management Sdn Bhd
http://www.acpgconsultant.com
012-6489838
017-3183811
KurniaMotorinsurance
KurniaCarinsurance
RenewOnlineKurniaCarinsurance

Renew Online Tokio Marine Car insurance via WhatsApp 011-12239838

Renew your Tokio Marine Car Insurance
WhatsApp 011-12239838
Dear Customers,
Need help to renew your Tokio Marine motor insurance during the Movement Control Order (MCO) period?
Tokio Marine ACPG is here to support you so that you can #StayatHome and only go out for essential business or chores.
During this period, renewal of expiring road tax and driving license are exempted by the Ministry of Transport.
That means if you have an expired driving license or road tax, you can still drive out as long as you have a valid insurance coverage and a copy of your insurance cover note with you.
Contact your Tokio Marine ACPG today!
WhatsApp To us 011-12239838
ACPG Management Sdn Bhd
http://www.acpgconsultant.com
012-6489838
017-3183811
Memperbaharui insurans kenderaan Tokio Marine
WhatsApp 011-12239838
Pelanggan yang dihormati,
Perlukan bantuan untuk memperbaharui insurans kenderaan anda semasa dalam tempoh Perintah Kawalan Pergerakan (PKP)?
Tokio Marine ACPG sedia membantu agar anda dapat #DudukDiRumah dan hanya keluar untuk urusan atau tugas yang penting.
Dalam tempoh ini, pihak Kementerian Pengangkutan telah mengecualikan sebarang pembaharuan cukai jalan dan lesen memandu yang telah tamat tempoh. Ini bermakna sekiranya anda mempunyai lesen memandu atau cukai jalan yang telah tamat tempoh, anda masih boleh menggunakan kenderaan selagi anda mempunyai perlindungan insurans yang sah dan sesalinan nota perlindungan insurans bersama anda.
Hubungi Tokio Marine ACPG anda hari ini!
Tokio Marine insurance Ejen
ACPG Management Sdn Bhd
http://www.acpgconsultant.com
012-6489838
017-3183811
更新 Tokio Marine 汽车保险
WhatsApp +6011-12239838
亲爱的客户,
您是否在行动管制令期间需要更新汽车保险呢?
Tokio Marine ACPG 保险代理公司正居家工作为您提供不间断的服务,以便让您安心留在家。
在行动管制令期间,交通部豁免更新路税和驾照。这意味着,任何拥有过期路税和驾照的人士都可以开车上路,条件是车险保单必须有效。在此期间,您只需携带车险副本或电子版的临时车险保单就能上路。
欲知详情 ,
立即联络 Tokio Marine ACPG 保险代理公司!
WhatsApp +6011-12239838
Tokio Marine 更新车险代理公司
ACPG Management Sdn Bhd
http://www.acpgconsultant.com
012-6489838
017-3183811
TokioMarineMotorinsurance
TokioMarineCarinsurance
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Renew Motor Insurance and Road Tax via WhatsApp 011-12239838

Renew your Car Insurance
WhatsApp 011-12239838

Dear Customers,

Need help to renew your motor insurance during the Movement Control Order (MCO) period?

AXA ACPG is here to support you so that you can #StayatHome and only go out for essential business or chores.

During this period, renewal of expiring road tax and driving license are exempted by the Ministry of Transport.

That means if you have an expired driving license or road tax, you can still drive out as long as you have a valid insurance coverage and a copy of your insurance cover note with you.

Contact your AXA ACPG today!

WhatsApp To us 011-12239838

ACPG Management Sdn Bhd
http://www.acpgconsultant.com
012-6489838
017-3183811

Memperbaharui insurans kenderaan
WhatsApp 011-12239838

Pelanggan yang dihormati,

Perlukan bantuan untuk memperbaharui insurans kenderaan anda semasa dalam tempoh Perintah Kawalan Pergerakan (PKP)?

AXA ACPG sedia membantu agar anda dapat #DudukDiRumah dan hanya keluar untuk urusan atau tugas yang penting.

Dalam tempoh ini, pihak Kementerian Pengangkutan telah mengecualikan sebarang pembaharuan cukai jalan dan lesen memandu yang telah tamat tempoh. Ini bermakna sekiranya anda mempunyai lesen memandu atau cukai jalan yang telah tamat tempoh, anda masih boleh menggunakan kenderaan selagi anda mempunyai perlindungan insurans yang sah dan sesalinan nota perlindungan insurans bersama anda.

Hubungi AXA ACPG anda hari ini!

AXA Ejen
ACPG Management Sdn Bhd
http://www.acpgconsultant.com
012-6489838
017-3183811


更新汽车保险
WhatsApp +6011-12239838

亲爱的客户,

您是否在行动管制令期间需要更新汽车保险呢?

AXA安盛 ACPG 保险代理公司正居家工作为您提供不间断的服务,以便让您安心留在家。

在行动管制令期间,交通部豁免更新路税和驾照。这意味着,任何拥有过期路税和驾照的人士都可以开车上路,条件是车险保单必须有效。在此期间,您只需携带车险副本或电子版的临时车险保单就能上路。

欲知详情
立即联络 AXA 安盛 ACPG 保险代理公司!

WhatsApp +6011-12239838

AXA 更新车险代理公司
ACPG Management Sdn Bhd
http://www.acpgconsultant.com
012-6489838
017-3183811

更新汽车保险之前 !!! 比较最便宜 !!! 超过10 家保险 ???

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Malaysia Experience Risk Management Insurance Solution Service Provider since Year 1989.
ACPG Management Sdn Bhd
158-3-7, Blok 158, Kompleks Maluri,Jalan Jejaka,
Taman Maluri, 55100 Kuala Lumpur, Malaysia.
ACPG Careline +603-92863323

Public Laibility Insurance Malaysia

Installation Liability Insurance FB A4
Insurans Liabiliti Tanggungan Awam
(Public Liaibility Insurance 公共责任保险)
Arranged By
ACPG Management Sdn Bhd
Hotline +603-92863323
Whatsapp Team +6011-122239838
 
Insurans Liabiliti Tanggungan Awam untuk
Borang Permohanan Permit Iklan Papan Tanda
DBKL MPAJ MPSJ MBPJ MPKJ MPK MPSA MPS
 
Public Laibility Insurance for Signboard,Banner, Billboard, Banting, Exhibition, Event, Concert, Expo Permit Support For DBKL MPAJ MPSJ MBPJ MPKJ
 
Public Laibility Insurance for Signboard,Banner, Billboard, Banting, Exhibition, Event, Concert, Expo Permit Support For Kuala Lumpur and Wilayah Persekutuaan
 
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Insurans Liabiliti Tanggungan Awam Majlis Perbandaran Sepang (MPSP)
Insurans Liabiliti Tanggungan Awam Majlis Perbandaran Klang (MPK)
Insurans Liabiliti Tanggungan Awam Majlis Daerah Kuala Selangor (MDKS)
Insurans Liabiliti Tanggungan Awam Majlis Daerah Kuala Langat (MDKL)
Insurans Liabiliti Tanggungan Awam Majlis Daerah Hulu Selangor (MDHS)
 
Dewan Bandaraya Kuala Lumpur (DBKL) Public Liaibility Insurance
Majlis Perbandaran Ampang Jaya (MPAJ) Public Liaibility Insurance
Majlis Perbandaran Kajang (MPKJ) Public Liaibility Insurance
Majlis Bandaraya Petaling Jaya (MBPJ) Public Liaibility Insurance
Majlis Perbandaran Subang (MPSJ) Public Liaibility Insurance
Majlis Perbandaran Selayang (MPS) Public Liaibility Insurance
Majlis Perbandaran Shah Alam (MPSA) Public Liaibility Insurance
Majlis Perbandaran Sepang (MPSP) Public Liaibility Insurance
Majlis Perbandaran Klang (MPK) Public Liaibility Insurance
Majlis Daerah Kuala Selangor (MDKS) Public Liaibility Insurance
Majlis Daerah Kuala Langat (MDKL) Public Liaibility Insurance
Majlis Daerah Hulu Selangor (MDHS) Public Liaibility Insurance
 
Expertise in Public Liability Insurance Malaysia
Arranged By
ACPG Management Sdn Bhd
(Insurance Business since year 1989)
Head Office
158-3-7, Blok 158, Kompleks Maluri,
Jalan Jejaka, Taman Maluri, Cheras,
55100 Kuala Lumpur, Malaysia.
enquiry@acpgconsultant.com
+603-92863323
+6011-12239838
 
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#ForeignWorkerInsuranceMalaysia
#ConstructionLiabilityInsuranceMalaysia
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Marine Cargo Insurance

Malaysia Marine Cargo Insurance,
Whatsapp Customer Service Team
+6011-12239838 (Whatsapp Enquiry)
Arranged By
ACPG Management Sdn Bhd
http://www.acpgconsultant.com
Insurance Business since Year 1989
Whatsapp Enquiry, please Click “HERE”
http://wasap.my/+601112239838/marinecargoinsurance
Marine Transit Insurance, Cargo Transit Insurance and Goods In Transit Insurance
Marine Cargo Insurance
Marine Cargo Insurance refers to the insurance of goods shipped from one place to another, anywhere in the world.
Coverage is usually effected on a “per voyage” basis that is from the time the goods leave the premises of the seller until the time they finally arrive at the buyer’s premises. There is no period specified in the policy.
Coverage can either be effected by the buyer or the seller depending on the contract of sales. There are different types of recognised Sale Contracts, the most common affecting Marine Insurance are:
F.O.B. (Free On Board)
It is the seller’s obligation to place the goods on board vessel at his own expense and obtain the Bill of Lading. He (the Seller) is also responsible for all loss or damage until goods are on board vessel. Thereafter the goods are at buyer’s risks.
C & F (Cost and Freight)
Seller provides goods with all freight and other charge paid to the port of discharge but does not include insurance charges. He (the Seller) is also responsible for the loss or damage to goods until delivery on to the carrying vessel but it is the responsibility of buyer to arrange insurance.
C.I.F. (Cost, Insurance & Freight)
The Seller undertakes to arrange and pay for all costs of delivering the goods and insurance up to final destination because the buyer has paid for these in the sale price. The insurance policy is assigned to the consignee and he can claim under the policy as though he had arranged the insurance himself.
Type of Marine Cargo Insurance Policies
1.Individual Policy
These are policies issued on each and every shipment upon request by the Assured.
2.Open Cover Policy
The Open Policy is a continuous policy that is issued on certain date and remains in force until cancelled. The policy provides automatic protection for all shipments described in the policy.
This arrangement is suitable for merchants who are engaged in regular import/export or internal trade.
Coverage in Marine Cargo Insurance
Shipment by vessel
Sending by air
Inland Transit
Sending by post or courier service
1.Shipment By Vessel
Types of coverage available are :
Institute Cargo Clauses ( C )
Institute Cargo Clauses ( B )
Institute Cargo Clauses ( A )
Institute Cargo Clauses ( C )
It covers loss of or damage to the interest insured attributable to :
fire or explosion
vessel being stranded, grounded, sunk or capsized
overturning or derailment of land conveyance
collision or contact of vessel with external object other than water discharge of cargo at a port of distress
It also covers loss or damage to interest insured caused by :
General Average Sacrifice Jettison
Note :
General Average arises where a sacrifice is incurred in connection with a venture with a view to saving or minimizing the loss as a whole. This means that some of the cargo needs to be sacrificed in order to save others. There is liability resting upon the owners of cargo to contribute towards the damages or expenses suffered by those whose cargoes are sacrificed.
Institute Cargo Clauses ( B )
In addition to coverage provided under “C” policy, it also covers loss or damage to goods insured attributable to earthquake, volcanic eruption or lightning and loss of or damage to interest insured by :
entry of sea, lake or river water into vessel
total loss of any package lost overboard or dropped whilst loading on to, or unloading from vessel
Institute Cargo Clauses ( A )
It covers all fortuitous losses of every description but excludes loss, damage or expense proximately caused by delay, inherent vice or nature of the goods.
General Exclusions for all Clauses ( A, B or C )
Willful misconduct of the Assured
Ordinary leakage, loss in weight, wear and tear
Insufficient or unsuitability of packing
Inherent vice or nature of subject-matter insured
Unseaworthiness of vessel (when the Assured is privy to it)
Delay even though caused by a risk insured against
Insolvency or financial default of carrier
Deliberate damage or destruction of the subject-matter insured
Use of nuclear weapon
War and Strikes
Terrorism
Radioactive contamination, chemical, biological, bio-chemical and electromagnetic weapons
Nuclear energy risk
Seepage and pollution
Marine Hull Insurance
Marine Hull Insurance covers loss or damage to hull and machinery. The hull is the structure of the vessel. Machinery is the equipment that generates the power to move the vessel and control the lighting and temperature system such as boiler, engine, cooler and electricity generator.
Scope of Cover
Institute Time Clauses
These are the main clauses and most important in Marine Hull policies. Time Clauses covers for a specific period usually 12 months. As the nature and degree of risks which the Insurer run vary according to the kind of vessel, there exist a number of categories in the Time Clauses. They are : –
Institute Time Clauses (Hull)
Institute Time Clauses (FPA)
Institute Time Clauses (Total Loss Only)
1.Institute Time Clauses (Hull)
Provides the maximum coverage offered by hull insurance.
Perils Covered
1.Perils of the sea
2.Fire & explosion
3.Violent theft
4.Piracy
5.Breakdown of accident to nuclear installations etc.
6.Contact with aircraft
7.Earthquake, volcanic eruptions or lightning
8.Accidents in loading etc.
9.Bursting of boilers
10.Breakage of shaft
11.Latent of defect
12.Negligence of masters etc.
13.Negligence of repairers etc.
14.Negligence of charterers etc.
15.Barratry
Excluded Perils
1.Wilful misconduct of the Assured
2.Loss caused by delays
3.Wear and tear
4.Rats and/or vermin
5.Injury to machine not proximately caused by maritime peril
Paramount Exclusions in the Policy
1.War
2.Strikes
3.Malicious acts
4.Nuclear exclusion
Other Losses & Expenses Covered
1.Pollution Hazard
2.3/4th Collision Liability
3.General Average and Salvage
4.Sue and Labour
5.Constructive Total Loss
2.Institute Time Clauses (FPA)
The coverage of these clauses are similar to that of Hulls Clauses but exclude coverage on machinery damages in all respects. It is advised that all vessels which exceed 15 years of age or older, if the risk accepted, to give this coverage only. Past experience shows that older vessels suffer serious casualties due to machinery damage. If machinery damage is excluded due to limitation of this clause, there is a better chance of making hull underwriting profit.
3.Institute Time Clauses Hulls (Total Loss Only)
As the name suggested, this clause only covers in the event of it becoming a total loss by arrangement, actual, compromised or constructive total loss. The rate for this cover is low and usually this cover is only extended to old vessel (but not more than 20 years) or on accommodation only.
Institute Yacht Clauses
This clause are basically Institute Hull clauses amended for yachts and include all damages to hull, masts, spars, sails and other equipment on board the yacht but does not include damage whilst the yacht is racing.
Caution should be taken with regard to charter yachts and if the risk is accepted, the following warranty must be included into the policy conditions, namely:
‘Warranted that professional skipper & crew is in attendance at all times’
Full details of the Skipper and Crew’s experience must be obtained.
Institute Voyage Clauses
This insurance covers risks during a voyage from one port or place to another or a round voyage. In so far as ordinary vessels are concerned, as most of them are usually insured under a time policy, voyage insurance is effected only in such cases as delivery voyage of a new vessel to buyer from the shipyard or a voyage of a vessel to be repaired at shipyard. The period of coverage is usually less than a year and the scope of coverage is almost identical that of time policy. In which case, there are also the FPA and Total Loss cover.
Builders’ Risk Insurance
This type of insurance covers whilst vessel is under construction. During that period, it is exposed to risks such as fire, tidal wave, capsize or failure in launch. It is also exposed to collision and sinking on a trial trip.
The builder’s risk insurance effected by shipyards provides cover against all such risks.
The insured value is the contract price or the estimated completed value of the vessel if there is no contract price. The period of insurance should be from the time of inception of the construction to the time of delivery. Hence, the period can well exceed 12 months.
Hull War And Strike Risks Insurance
War and strike risks are usually excluded from the cover of ordinary marine insurance policies in any market throughout the world.
This insurance covers exclusions under Article 11 of the Institute Time Clauses. It can only be effected on vessels which are insured against ordinary marine risks. The rate of premium fluctuates frequently reflecting the climate of world politics at the time of inception of the risk.
Terrorism Insurance
Terrorism cover is an excluded risk worldwide. There will be no consideration for acceptance if this coverage is required.
Loss of Time Insurance
This insurance indemnifies a ship owner for loss of anticipated profits or operating costs where the insured vessel is forced to be out of commission in consequence of damage caused by maritime accident. The period of insurance is one year and the insurable value is calculated based on the following: –
estimated operating costs
estimated chartering to be earned
estimated gross income of freight
The loss of time is covered on the basis of the number of days required for the completion of the repairs, counting from the day following the day of the accident. The Insurer’s liability per any one accident is limited to certain number of days up to 180 days throughout the year.
Malaysia Marine Cargo Insurance Expert
Your Experience Risk Management and Insurance Solution Service Provider Agency
ACPG Management Sdn Bhd
Head Office
158-3-7, Blok 158, Kompleks Maluri,
Jalan Jejaka, Taman Maluri, Cheras,
55100 Kuala Lumpur, Malaysia.
http://www.acpgconsultant.com
+603-92863323
MSIGmarineinsurance
MSIGmalaysiamarineinsurance
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ACPGManagementSdnBhd
ACPG

Malaysia Marine Cargo Insurance arranged by ACP Group

Malaysia Marine Cargo Insurance,
Whatsapp Customer Service Team
+6011-12239838 (Whatsapp Enquiry)
Arranged By
ACPG Management Sdn Bhd
http://www.acpgconsultant.com
Insurance Business since Year 1989
Whatsapp Enquiry, please Click “HERE”
http://wasap.my/+601112239838/marinecargoinsurance
Marine Transit Insurance, Cargo Transit Insurance and Goods In Transit Insurance
Marine Cargo Insurance
Marine Cargo Insurance refers to the insurance of goods shipped from one place to another, anywhere in the world.
Coverage is usually effected on a “per voyage” basis that is from the time the goods leave the premises of the seller until the time they finally arrive at the buyer’s premises. There is no period specified in the policy.
Coverage can either be effected by the buyer or the seller depending on the contract of sales. There are different types of recognised Sale Contracts, the most common affecting Marine Insurance are:
F.O.B. (Free On Board)
It is the seller’s obligation to place the goods on board vessel at his own expense and obtain the Bill of Lading. He (the Seller) is also responsible for all loss or damage until goods are on board vessel. Thereafter the goods are at buyer’s risks.
C & F (Cost and Freight)
Seller provides goods with all freight and other charge paid to the port of discharge but does not include insurance charges. He (the Seller) is also responsible for the loss or damage to goods until delivery on to the carrying vessel but it is the responsibility of buyer to arrange insurance.
C.I.F. (Cost, Insurance & Freight)
The Seller undertakes to arrange and pay for all costs of delivering the goods and insurance up to final destination because the buyer has paid for these in the sale price. The insurance policy is assigned to the consignee and he can claim under the policy as though he had arranged the insurance himself.
Type of Marine Cargo Insurance Policies
1.Individual Policy
These are policies issued on each and every shipment upon request by the Assured.
2.Open Cover Policy
The Open Policy is a continuous policy that is issued on certain date and remains in force until cancelled. The policy provides automatic protection for all shipments described in the policy.
This arrangement is suitable for merchants who are engaged in regular import/export or internal trade.
Coverage in Marine Cargo Insurance
Shipment by vessel
Sending by air
Inland Transit
Sending by post or courier service
1.Shipment By Vessel
Types of coverage available are :
Institute Cargo Clauses ( C )
Institute Cargo Clauses ( B )
Institute Cargo Clauses ( A )
Institute Cargo Clauses ( C )
It covers loss of or damage to the interest insured attributable to :
fire or explosion
vessel being stranded, grounded, sunk or capsized
overturning or derailment of land conveyance
collision or contact of vessel with external object other than water discharge of cargo at a port of distress
It also covers loss or damage to interest insured caused by :
General Average Sacrifice Jettison
Note :
General Average arises where a sacrifice is incurred in connection with a venture with a view to saving or minimizing the loss as a whole. This means that some of the cargo needs to be sacrificed in order to save others. There is liability resting upon the owners of cargo to contribute towards the damages or expenses suffered by those whose cargoes are sacrificed.
Institute Cargo Clauses ( B )
In addition to coverage provided under “C” policy, it also covers loss or damage to goods insured attributable to earthquake, volcanic eruption or lightning and loss of or damage to interest insured by :
entry of sea, lake or river water into vessel
total loss of any package lost overboard or dropped whilst loading on to, or unloading from vessel
Institute Cargo Clauses ( A )
It covers all fortuitous losses of every description but excludes loss, damage or expense proximately caused by delay, inherent vice or nature of the goods.
General Exclusions for all Clauses ( A, B or C )
Willful misconduct of the Assured
Ordinary leakage, loss in weight, wear and tear
Insufficient or unsuitability of packing
Inherent vice or nature of subject-matter insured
Unseaworthiness of vessel (when the Assured is privy to it)
Delay even though caused by a risk insured against
Insolvency or financial default of carrier
Deliberate damage or destruction of the subject-matter insured
Use of nuclear weapon
War and Strikes
Terrorism
Radioactive contamination, chemical, biological, bio-chemical and electromagnetic weapons
Nuclear energy risk
Seepage and pollution
Marine Hull Insurance
Marine Hull Insurance covers loss or damage to hull and machinery. The hull is the structure of the vessel. Machinery is the equipment that generates the power to move the vessel and control the lighting and temperature system such as boiler, engine, cooler and electricity generator.
Scope of Cover
Institute Time Clauses
These are the main clauses and most important in Marine Hull policies. Time Clauses covers for a specific period usually 12 months. As the nature and degree of risks which the Insurer run vary according to the kind of vessel, there exist a number of categories in the Time Clauses. They are : –
Institute Time Clauses (Hull)
Institute Time Clauses (FPA)
Institute Time Clauses (Total Loss Only)
1.Institute Time Clauses (Hull)
Provides the maximum coverage offered by hull insurance.
Perils Covered
1.Perils of the sea
2.Fire & explosion
3.Violent theft
4.Piracy
5.Breakdown of accident to nuclear installations etc.
6.Contact with aircraft
7.Earthquake, volcanic eruptions or lightning
8.Accidents in loading etc.
9.Bursting of boilers
10.Breakage of shaft
11.Latent of defect
12.Negligence of masters etc.
13.Negligence of repairers etc.
14.Negligence of charterers etc.
15.Barratry
Excluded Perils
1.Wilful misconduct of the Assured
2.Loss caused by delays
3.Wear and tear
4.Rats and/or vermin
5.Injury to machine not proximately caused by maritime peril
Paramount Exclusions in the Policy
1.War
2.Strikes
3.Malicious acts
4.Nuclear exclusion
Other Losses & Expenses Covered
1.Pollution Hazard
2.3/4th Collision Liability
3.General Average and Salvage
4.Sue and Labour
5.Constructive Total Loss
2.Institute Time Clauses (FPA)
The coverage of these clauses are similar to that of Hulls Clauses but exclude coverage on machinery damages in all respects. It is advised that all vessels which exceed 15 years of age or older, if the risk accepted, to give this coverage only. Past experience shows that older vessels suffer serious casualties due to machinery damage. If machinery damage is excluded due to limitation of this clause, there is a better chance of making hull underwriting profit.
3.Institute Time Clauses Hulls (Total Loss Only)
As the name suggested, this clause only covers in the event of it becoming a total loss by arrangement, actual, compromised or constructive total loss. The rate for this cover is low and usually this cover is only extended to old vessel (but not more than 20 years) or on accommodation only.
Institute Yacht Clauses
This clause are basically Institute Hull clauses amended for yachts and include all damages to hull, masts, spars, sails and other equipment on board the yacht but does not include damage whilst the yacht is racing.
Caution should be taken with regard to charter yachts and if the risk is accepted, the following warranty must be included into the policy conditions, namely:
‘Warranted that professional skipper & crew is in attendance at all times’
Full details of the Skipper and Crew’s experience must be obtained.
Institute Voyage Clauses
This insurance covers risks during a voyage from one port or place to another or a round voyage. In so far as ordinary vessels are concerned, as most of them are usually insured under a time policy, voyage insurance is effected only in such cases as delivery voyage of a new vessel to buyer from the shipyard or a voyage of a vessel to be repaired at shipyard. The period of coverage is usually less than a year and the scope of coverage is almost identical that of time policy. In which case, there are also the FPA and Total Loss cover.
Builders’ Risk Insurance
This type of insurance covers whilst vessel is under construction. During that period, it is exposed to risks such as fire, tidal wave, capsize or failure in launch. It is also exposed to collision and sinking on a trial trip.
The builder’s risk insurance effected by shipyards provides cover against all such risks.
The insured value is the contract price or the estimated completed value of the vessel if there is no contract price. The period of insurance should be from the time of inception of the construction to the time of delivery. Hence, the period can well exceed 12 months.
Hull War And Strike Risks Insurance
War and strike risks are usually excluded from the cover of ordinary marine insurance policies in any market throughout the world.
This insurance covers exclusions under Article 11 of the Institute Time Clauses. It can only be effected on vessels which are insured against ordinary marine risks. The rate of premium fluctuates frequently reflecting the climate of world politics at the time of inception of the risk.
Terrorism Insurance
Terrorism cover is an excluded risk worldwide. There will be no consideration for acceptance if this coverage is required.
Loss of Time Insurance
This insurance indemnifies a ship owner for loss of anticipated profits or operating costs where the insured vessel is forced to be out of commission in consequence of damage caused by maritime accident. The period of insurance is one year and the insurable value is calculated based on the following: –
estimated operating costs
estimated chartering to be earned
estimated gross income of freight
The loss of time is covered on the basis of the number of days required for the completion of the repairs, counting from the day following the day of the accident. The Insurer’s liability per any one accident is limited to certain number of days up to 180 days throughout the year.
Malaysia Marine Cargo Insurance Expert
Your Experience Risk Management and Insurance Solution Service Provider Agency
ACPG Management Sdn Bhd
Head Office
158-3-7, Blok 158, Kompleks Maluri,
Jalan Jejaka, Taman Maluri, Cheras,
55100 Kuala Lumpur, Malaysia.
http://www.acpgconsultant.com
+603-92863323
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