|The majority of shipments reach their destination without damage or loss. This page contains general topics and helpful hints
concerning insurance coverage.
A. According to the International Maritime Regulations all shipments are automatically covered by a limited policy from the steamship
line of up to $500 per shipping unit (each box, carton, skid, crate, etc) with a maximum of $1450 for the entire shipment. The coverage
exists while your shipment is in possession of the steamship line. Steamship line's limited policy claims are to be directed to the
steamship line. In case of damage or loss, recipient is to initiate the claim process at the destination Country Station.
B. You may want to purchase additional insurance through 101 Shipping inc. Rate is $3 per $100 (3% of value) of Insured Value, $50
minimum, with a deductible of $3,000. Request the insurance when booking.
101 Shipping inc provides All Risk or Free of Particular Average (FPA) coverage:
All Risk Insurance is available for commercial cargo and personal effects that are professionally packed (packed by shipping dept,
mailing store, packing agent, etc.). In case of claim the insurance carrier require confirmation that the goods were professionally
packed. Personal effects and Household Goods coverage is for total loss only. Partial damage or loss coverage is not provided for
Personal Effects and Household Goods.
If cargo is NOT professionally packed the policy will be qualified as Free of Particular Average (FPA). Below is a comparison of the
conditions offered under each policy.
C. A detailed packing list and/or commercial invoice must be provided at time of booking.
IMPORTANT NOTE: If insurance had been purchased then the amount of coverage must correspond with the total value indicated in
your Packing List and/or Commercial Invoice. If you would like to insure selected items in your shipment, then you must indicate that in
your Packing List and/or Commercial Invoice by each line item description *** COVERED BY INSURANCE ***
D. CERTIFICATE OF INSURANCE: For regular cargo no Certificate of Insurance is necessary. If 101 shipping inc insurance had been
requested when shipment booked and all charges in our final invoice are timely paid then cargo are covered by 101 shipping inc blanket
policy. That paid invoice is the proof of 101 shipping inc insurance for your cargo.
E. TIME LIMITS AND PROCEDURES: If an insurance policy had been purchased from 101Shipping inc then in case of damage and/or
loss discovered by the consignee after delivery and after a clear receipt has been given to the carrier consignee must be reported in
writing to 101 Shipping inc within 10 days after delivery of the shipment with privilege to the carrier to make inspection of the shipment.
The claim will be forwarded to our insurance provider's home office. 101 Shipping will not be able to forward a claim report without
detailed descriptions of cargo damages. Our insurance provider's representative will contact consignee regarding procedure with the
F. DAMAGED PACKING: External damage to packaging does not qualify for a claim (e.g. torn carton). The contents inside the packing
must be damaged.
G. Please refer below for special conditions & restricted commodities. We provide insurance coverage on restricted commodities on a
per quote basis.
I. Coverage is not bound until payment has been made and a certificate of insurance has been issued.
|NO trucking coverage on / NO Trucking Arrangement Coverage on / NO Claims Coverage:
NO Sea/Ocean Arrangement cover on / NO Air Arrangement coverage on:
CONSIGNER / CONSIGNEE / IMPORTER / EXPORTER MUST REQUEST A QUOTE AND OBTAIN APPROVAL TO INSURE SHIPMENTS
RESTRICTED COMMODITIES / NO Guarantee of shipments on: Cellular Telephones, Plasma Screens/Flat Panel
Displays/Monitors/Etc, Commercial/Advertising Artwork or Photographs, Film or Music Negatives/Master Tapes, Models (including
architectural), Trophies, Artifacts, Transparencies/Slides, Stamps/Coin Collections, Evidence for a Trail, Fragile Articles as defined in
Policy; Watches, Furs, Fur Garments and Jewelry (other than costume); Precious/Semi-Precious Stones and Pearls; Precious Metals,
Gold and Silver Silverware; Bank Notes and All Negotiable Documents - including money and Securities; Any Non-Negotiable
Documents where customer is requesting for FACE VALUE; Perishable Goods, Radio Isotopes, Cut Flowers, Living Plants; Costumes
and Wearing Apparel; Animals/Fish/Etc (live, refrigerated, frozen or mounted); not professionally packed Household Goods and
Personal Effects as explained above; Knitting and Textile Machines; Grains, Flour, Meal, Etc. in bags or bulk; Iron and Steel Angels,
Bars Girders, Pipe, Sheets, Wire, Tinplate and Similar Ferrous Products; Motor Vehicles or Sail Boats, Motorcycles; Human Remains;
Alcohol/Spirits; Cigarettes and Tobacco, ANTIQUES, COLLECTIBLES, BANK NOTES, CELLULAR TELEPHONES, COMPUTER CHIPS
AND MEMORY MODULES, DANGEROUS GOODS ( RED LABEL), HAZARDOUS MATERIALS, FINE ART, FLAMMABLES AND
EXPLOSIVES, FRUITS AND VEGETABLES, HOUSEHOLD GOODS AND PERSONAL EFFECTS, JEWELRY, LAPTOPS AND OTHER
PORTABLE COMPUTERS, LCD PLAS TVS AND MONITORS, LIVE ANIMALS, NUCLEAR FUEL, PRECIOUS METALS, PRECIOUS
STONES, SECURITIES ,STOCKS AND BONDS, TOBACCO PRODUCTS, VALUABLE PAPERS, MANUSCRIPTS, GLASS, PRODUCTS
SHIPPED BY BARGE & Etc. (email us for more details)
NOTE: They are NO Insurance for above items & we do NOT guarantee your shipment will be in perfect conditions.
EXCLUDED COUNTRIES & RESTRICTED GEOGRAPHIC AREA: CIS and/or Russia, Afghanistan, Bolivia, Paraguay, Nigeria, Angola,
North Korea, Former Yugoslavia, Iran, Iraq, Cuba, Haiti & Etc.
SPECIAL RISK COMMODITIES -VALUE OVER $30,000: Computers and Computerized Electronic Equipment; Lasers and/or Laser
Commercial use; VCR's, Pre-Recorded Video Tapes, Radios, Projection Equipment and Screens whether for personal or Commercial
use; Non-Fragile Fine Arts (i.e. Paintings/Lithographs without GLASS).
Injury to persons;
Personal injury/infringement of rights;
Loss or damage to your property;
Loss or damage to property of others caused by inherent vice, contamination or deterioration, mysterious disappearance, voluntary
parting with property , release of cargo without receiving original shipping documents.
Use of transportation equipment and craft, including loading and unloading;
Inability or failure to pay;
Unfair or deceptive trade practices;
Importer/exporter of record;
Fees, charges, tariffs or debts;
Action from related companies, directors or officers;
Excluded territories (refer to the actual policy)
War and seizure;
Labor dispute and terrorism;
Wrongful release of cargo in the absence of original shipping documents.
also, CONDITIONS: All risks of physical loss or damage subject to:
Institute Cargo Clauses (A) CL252, and/or
Institute War Clauses (Cargo) CL255, and/or
Institute Strikes Clauses (Cargo) CL256, and/or
Institute Radioactive Exclusion Clause CL370
Institute Cyber Attack Exclusion Clause CL 380.
Institute Classification Clause 1.1.82.
Institute Replacement Clause CL372
Excluding Electrical and mechanical derangement unless caused by a peril insured against in respect of Electrical Goods
Automobile shipments are insured allrisk excluding loss or damage to any and all preexisting damages as well as existing scratches
marring denting and chipping are excluded from coverage.
Deductible USD 500
Radios are excluded
Coverage for autos is port to port
Only claims for insurance purchased directly from 101 Shipping inc / info@101Shipping.com will be processed. All other claims are to
be directed to the steamship line.
|1. Although above perils are indicated as covered under "All Risks", depending upon commodity, certain commodity exclusions may apply.
2. Partial loss IS NOT covered for these perils, but TOTAL LOSS IS covered.
|IF vessel is damage & if you are with-OUT cargo insurance, it wiil apply to General-Average (click here) & apply to other international
Maritime law (click here) & to foreign / domestic transportation.
(Consignee will be paying damage to vessel / vessel company will hold your shipment, until you have pay for damage to vessel)
|ONLY valid contact with us are list it here, all others are invalid. We reserve the right to refuse service to anyone at anytime.
ALL PREMIUMS ARE FULLY EARNED. NO pro-rate/refund (dates/premiums/etc). All our website is Reference use only & our service are Arrangement only.
Filer Code: e Customs Clearing dba US Customs Clearing, US Import Bond, ISF Customs Broker (8FG) // Dale Dong Young Park, dba A Plus Customs Broker (AEF)