The information provided below is only a summary* of the full Marine Open Cargo Policy written for the account of Dietl International Services which is effective from 09/01/2020---09/01/2021 Insurance coverage is secured via Roanoke Insurance Group Inc. and provided under policy issued to Dietl International Services, by Certain Underwriters at Lloyds MRS 457. All Insurance coverage is subject to the full terms and conditions of the policy.
*This summary is provided as a matter of information only and confers no legal or contractual rights upon the recipient. This summary does not amend, extend or alter the coverage, terms exclusions and conditions afforded by the policy referenced herein.
General Exclusions (See Policy For Complete Details)
This policy does not insure against any loss, damage or expense attributable to or caused by: A.) Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the goods insured; B.) Willful misconduct, infidelity, conversion or dishonest acts of the Assured, or the Assured's employees, whether committed alone or in collusion with others; C.) Rust, oxidation or discoloration on unpacked and/or unprotected cargo; D.) Loss of market or loss, damage, expense or deterioration arising from delay, whether caused by a peril insured against or otherwise; E.) Inherent vice or nature of the goods insured; F.) Insolvency or financial default of the owners, managers, charterers, or operators of the vessel where, at the time of loading of the goods insured on board the vessel; G.) Insufficiency or unsuitability of packing or preparation of the goods; H.) Electrical, electronic and/or mechanical derangement unless the Assured is able to demonstrate that such damage is the result of a peril insured against; I.) Shipments on chartered vessels that are not classed A1 American Record or equivalent by a member of the International Association of Classification Societies; chartered vessels over 40 years of age; J.) Any accident occurring while rolling stock cargo is being driven under its own power or being towed on its own wheels.
Geographical Limits To and from ports and or places in the World to ports and or places in the World with privilege of transshipment by land and/or water; however, shipments to/from Afghanistan, Iran, Iraq, Libya, Somalia, Syria, Yemen and truck/rail shipments to/from/within Mexico other than as a connecting conveyance are excluded entirely. Also including domestic shipments within the United States and Canada. All other domestic shipments are excluded unless specifically endorsed hereon. Regardless of the Duration of Risk clauses found elsewhere in this Policy, coverage for shipments to Haiti, Nigeria, Pakistan, Ukraine and the Commonwealth of Independent States (CIS) ceases upon discharge from the ocean vessel or aircraft.
Limits of Liability
Average Terms and Conditions
Insured against “All Risks” of physical loss or damage from any external cause except as excluded by the Clauses in Section 7 of the policy.
Sanctions Limitation & Exclusion Clause
Sanctions Limitation & Exclusion Clause No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America.
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