ZHESHANGPROPERTYANDCASUALTYCOMPANYLIMITED
I.ScopeofCover
Thisinsuranceisclassifiedintotwoconditions--AirTransportationRisksandAirTransportationAllRisks.Wheretheinsuredgoodssustainlossordamage,theCompanyshallundertaketoindemnifythereforaccordingtotheInsuredConditionspecifiedinthepolicyandtheprovisionsoftheseClauses.
1.AirTransportationRisks
Thisinsurancecovers:
(1)Totalorpartiallossoftheinsuredgoodscausedinthecourseoftransportationbylighting,fire,explosion,jettisonduetotheaircraftencounteringbadweatherorotherperils,collision,overturning,crashingormissingoftheaircraftandotheraccidents.
(2)ReasonablecostincurredbytheInsuredinsalvingthegoodsoravertingorminimizingalossrecoverableunderthepolicy,providedthatsuchcostshallnotexceedthevalueoftheconsignmentsosaved.
2.AirTransportationAllRisks
AsidefromtheriskscoveredundertheAirTransportationRisksconditionsasabove,thisinsurancealsocoversallrisksoflossofordamagetotheinsuredgoodswhetherpartialortotal,arisingfromexternalcausesinthecourseoftransit.
II.Exclusions
Thisinsurancedoesnotcover:
1.LossordamagecausedbytheinternationalactorfaultoftheInsured.
2.Lossordamagefallingundertheliabilityoftheconsignor.
3.Lossordamagearisingfromthequalityorshortageoftheinsuredgoodspriortotheattachmentofthisinsurance.
4.Lossordamagearisingfromnormalloss,inherentviceornatureoftheinsuredgoods,lossofmarketand/ordelayintransitandanyexpensesarisingtherefrom.
5.RisksandliabilitiescoveredandexcludedbytheAirTransportationWarRisksClauseandStrikes,RiotsandCivilCommotionsClauseoftheCompany.
IIICommencementandTerminationofCover
1.WarehousetoWarehouseClause:
2.If,owingtodelay,deviation,forceddischarge,reshipmentortranshipmentbeyondthecontroloftheInsuredoranychangeorterminationofthevoyagearisingfromtheexerciseofalibertygrantedtothecarrierunderthecontractofcarriage,theinsuredgoodsarriveatap1aceotherthanthatnamedinthePolicy,subjecttoimmediatenoticebeinggiventotheCompanybytheInsuredandanadditionalpremiumbeingpaid,ifrequired,thisinsuranceshallremaininforceandshallterminateashereunder:
(1)IftheinsuredgoodsaresoldataplacenotnamedinthePolicy,thisinsuranceshallterminateondeliveryofthegoodssold,butinnoeventshallthisinsuranceextendbeyondthirty(30)daysaftercompletionofdischargeoftheinsuredgoodsfromthecarryingaircraftatsuchplace.
(2)IftheinsuredgoodsaretobeforwardedtothefinaldestinationnamedinthePolicyoranyotherdestination,thisinsuranceshallterminateinaccordancewithSection(1)above.
IV.DutyoftheInsured
ItisthedutyoftheInsuredtoattendtoallmattersasspecifiedhereunder,failingtheCompanyisentitledtorejecthisclaimforanylossordamageorhandleotherwiseaccordingtotheprovisionsofrelevantlawsifandwhensuchfailureprejudicetherightsoftheCompany:
1.TheInsuredshalltakedeliveryoftheinsuredgoodsingoodtimeupontheirarrivalattheportofdestinationnamedinthePolicy.Intheeventofanydamagetothegoods,theInsuredshallimmediatelyapplyforsurveytotheSurveyand/orSettlingAgentstipulatedinthePolicy.Iftheinsuredgoodsarefoundshortinentirepackageorpackagesortoshowapparenttracesofdamage,theInsuredshallobtainfromthecarrier,baileeorotherrelevantauthorities(CustomsandAirportAuthoritiesetc.)acertificateoflossordamageand/orshortlandedmemo.Shouldthecarrier,baileeortheotherrelevantauthoritiesberesponsibleforsuchshortageordamage,theInsuredshalllodgeaclaimwiththeminwritingand,ifnecessary,obtaintheirconfirmationofanextensionofthetimelimitofvalidityofsuchclaim.
2.TheInsuredshall,andtheCompanymayalso,takereasonablemeasuresimmediatelyinsalvagingthegoodsorpreventingorminimizinglossordamagethereto.ThemeasuressotakenbytheInsuredorbytheCompanyshallnotbeconsideredrespectively,asawaiverofabandonmenthereunderorasanacceptancethereof.
3.Thefollowingdocumentsshouldaccompanyanyclaimhereundermadeagainstthiscompany:
OriginalPolicy,AirwayBill,Invoice,PackingList,SurveyReportandStatementofClaim.Ifanythirdpartyisinvolved,documentsrelativetopursuingofrecoveryfromsuchpartyshouldalsobeincluded.
V.TheTimeofValidityofaClaim
Thetimeofvalidityofaclaimunderthisinsuranceshallnotexceedaperiodoftwoyearscountingfromthetimeofcompletionofdischargeoftheinsuredgoodsfromtheaircraftatthefinalairport.