ANNUAL CARGO INSURANCE - amandtaustralia.com.au · POLICY DOCUMENT AUSTRALIAN MARKET ANNUAL CARGO...

POLICY DOCUMENT AUSTRALIAN MARKET

ANNUAL CARGO INSURANCE

POL272 0318 AMT Annual Combined Cargo Insurance Policy_D2.indd 1 16/3/18 5:02 pm

REST EASY. OUR KNOWLEDGE RUNS DEEP.

AM&T is a leading specialist in marine and transit insurance.

The team at AM&T are the trusted experts in Australia and New Zealand when it comes to the sometimes complex world of marine and transit insurance.

At AM&T, we provide specialist knowledge, superior service and support, all with the security of knowing your policy is backed by the global strength of Allianz.


1

Table of contentsPage

Livestock–Agistment 13

Livestock–Musteringcosts 13

Livestock–“Wanderingoff” 13

On-forwarding 13

Traveller’sSamples 13

ToolsofTrade 14

YourEmployee’sPersonalProperty 14

Section1exclusions 14

Section 2 – Imports to and exports from Australia 15

TheTransit 15

InsuredEvents 16


Additionalbenefitsapplicableonlytothissection 16

BuyersContingency(DifferenceinConditions)Clause 16

CertificatesofInsurance/LetterofCreditClause 16

DutyClause 17

FOB/CFRPre-ShipmentClause 17

InsufficiencyofPackingClause 17

SellersInterestClause 17

UnseaworthinessandUnfitnessExclusionModificationClause 18

Conditions common to Sections 1 and 2 18

HowmuchWewillpay 18

Additionalbenefits 19

AccumulationClause 19

AcquiredCompaniesClause 19

Assignment 19

AutomaticReinstatementClause 19

BrandsClause 19

CargoISMforwardingcharges 20

Containerdemurragecharges 20

Debrisremoval/Cleanupcosts 20

DelayedUnpackingClause 20

Expeditingexpenses 20

FumigationandDecontaminationClause 20

Page

Introduction and important notices 3

Introduction 3

WhoistheInsurer? 3

AboutAllianzMarine&TransitUnderwritingAgencyandAllianz 3

OurcontractwithYou 3

Summaryofthecoversavailable 3

UnderstandingYourPolicyanditsimportanttermsandconditions 4

Applyingforcover 4

Renewalprocedure 4

Contactforassistanceorconfirmationofcover 4

YourDutyofDisclosure 5

Alterationofrisk 5

Premium 5

NonpaymentofPremiumbyinstalments–Righttorefuseaclaimand/orcancelYourPolicy 5

InstalmentPremiumservicefee 5

Howtomakeaclaim 5

Cancellation 6

Privacynotice 6

GeneralInsuranceCodeofPractice 7

Disputeresolutionprocess–helpingYousolveanyproblems 7

Hereiswhattodoifacomplaintordisputearises 7

IfYouarenotsatisfiedwiththeoutcomeofthisprocess 7

Ifthisinsurancehasbeenissuedthroughaninsuranceintermediary 7

FinancialClaimsScheme 7

Words with special meaning 8

Section 1 – Transits within Australia 11

TheTransit 11

InsuredEvents 11

OptionA–Accidentaldamage 11

OptionB–Specifiedperils 12

AdditionalbenefitsapplicableonlytoSection1 13

Exhibition/Demonstration 13

77156 POL272 Annual Combined Cargo txt_D1.indd 1 30/03/15 12:06 PM

1

Table of contentsPage

Livestock–Agistment 13

Livestock–Musteringcosts 13

Livestock–“Wanderingoff” 13

On-forwarding 13

Traveller’sSamples 13

ToolsofTrade 14

YourEmployee’sPersonalProperty 14


Section 2 – Imports to and exports from Australia 15

TheTransit 15

InsuredEvents 16


Additionalbenefitsapplicableonlytothissection 16

BuyersContingency(DifferenceinConditions)Clause 16

CertificatesofInsurance/LetterofCreditClause 16

DutyClause 17

FOB/CFRPre-ShipmentClause 17

InsufficiencyofPackingClause 17

SellersInterestClause 17

UnseaworthinessandUnfitnessExclusionModificationClause 18

Conditions common to Sections 1 and 2 18

HowmuchWewillpay 18

Additionalbenefits 19

AccumulationClause 19

AcquiredCompaniesClause 19

Assignment 19

AutomaticReinstatementClause 19

BrandsClause 19

CargoISMforwardingcharges 20

Containerdemurragecharges 20

Debrisremoval/Cleanupcosts 20

DelayedUnpackingClause 20

Expeditingexpenses 20

FumigationandDecontaminationClause 20

Page

Introduction and important notices 3

Introduction 3

WhoistheInsurer? 3

AboutAllianzMarine&TransitUnderwritingAgencyandAllianz 3

OurcontractwithYou 3

Summaryofthecoversavailable 3

UnderstandingYourPolicyanditsimportanttermsandconditions 4

Applyingforcover 4

Renewalprocedure 4

Contactforassistanceorconfirmationofcover 4

YourDutyofDisclosure 5

Alterationofrisk 5

Premium 5

NonpaymentofPremiumbyinstalments–Righttorefuseaclaimand/orcancelYourPolicy 5

InstalmentPremiumservicefee 5

Howtomakeaclaim 5

Cancellation 6

Privacynotice 6

GeneralInsuranceCodeofPractice 7

Disputeresolutionprocess–helpingYousolveanyproblems 7

Hereiswhattodoifacomplaintordisputearises 7

IfYouarenotsatisfiedwiththeoutcomeofthisprocess 7

Ifthisinsurancehasbeenissuedthroughaninsuranceintermediary 7

FinancialClaimsScheme 7

Words with special meaning 8

Section 1 – Transits within Australia 11

TheTransit 11

InsuredEvents 11

OptionA–Accidentaldamage 11

OptionB–Specifiedperils 12

AdditionalbenefitsapplicableonlytoSection1 13

Exhibition/Demonstration 13


About AM&T and Allianz 3


2

Page Insolvencyofcarriers 21

Interestsofotherparties 21

Lossofinformation/data/media 21

Packaging,containersandequipment 21

Repackingcosts 21

Resecuringcosts 21

SealedContainerClause 22

SortingChargesClause 22

StrikesDiversionExpensesClause 22

SueandLabourClause 22

General exclusions applicable to both Sections 22

Property(Goods)exclusions 22

Perilsexclusions 22

CargoISMEndorsement 23

Nuclear/Terrorism/Cyberexclusions 23

General conditions and cover restrictions applicable to all Sections 25

Applicablelaw 25

Authority 25

BreachofWarrantyorcondition 25

DeclarationofactualTurnoverorSendings 25

DelayorinterruptionbyYou 25

DueCare 25

Exchangerate 25

“Ondeck”shipments 26

Otherinsurance 26

Prohibitedcoverorpayments 26

Subrogation/Rightsofrecovery 26

Waiverofsubrogationrights 26

WarandStrikesVariationClause 26

Claims 27

GSTnotice 27

Claimsprocedures 27


3

Our contract with YouWhereWeagreetoenterintoaPolicywithYouitisacontractofinsurancebetweenUsandYou(seethedefinitionof“You”fordetailsofwhoiscoveredbythisterm).WeonlycoverthosepartiesshownintheScheduleunlessotherwisestatedinthePolicyasbeingapersonorentityentitledtocover.IfmorethanonepersonisinsuredunderthePolicy,afailureorwrongfulactionbyoneofthosepersonsmayadverselyaffecttherightsofanyotherpersoninsuredunderthePolicy.

WecoverYouinaccordancewiththeinsuranceasdescribedinthisPolicy,forthePeriodofInsuranceshownontheScheduleandforanysubsequentperiodwhererenewalmaybeagreed.ThemaximumamountWewillpayunderthePolicywillnotexceedtheSumInsuredshownontheScheduleunlessotherwisespecifiedherein.

YouarerequiredtocomplywiththetermsandconditionsofthePolicy.PleaserememberthatifYoudonotcomplywithanytermorcondition,Wemay(totheextentpermittedbylaw)declineorreduceanyclaimpaymentand/orcancelYourPolicy.

ThePolicyconsistsof:

• thisdocumentwhichsetsoutthestandardtermsofYourcoveranditslimitations;

• YourcurrentScheduleissuedbyUs.TheScheduleisaseparatedocument,whichshowstheinsurancedetailsrelevanttoYou.Itmayincludeadditionalterms,conditionsandexclusionsrelevanttoYouthatamendthestandardtermsofthisdocument;and

• anyotherchangetothetermsofthePolicyotherwiseadvisedbyUsinwriting(suchasanEndorsement).Thesewrittenchangesmayvaryormodifytheabovedocuments.

Theseareallimportantdocumentsandshouldbecarefullyreadtogetherandkeptinasafeplaceforfuturereference.WhenYouenterintothePolicyYouconfirmandwarrantthatYouhavereadorwillreadthePolicydocumentswhenprovidedtoYou.AnyneworreplacementScheduleWemaysendYou,detailingchangestoYourinsuranceorthePeriodOfInsurance,willbecomethecurrentSchedule,whichYoushouldcarefullyreadandretain.

Wereservetherighttochangethetermsofthisinsurancewherepermittedtodosobylaw.

Summary of the covers availablePleasenotethatthisisalimitedsummaryonlyandnotafulldescriptionofthecovers.ThePolicyismadeupoftwosections.YouneedtoreadthecoversectionsandthePolicytoproperlyunderstandthecover.

• Section 1 – Transits within AustraliaThissectioncoversYouforlossofordamagetotheGoodsdescribedintheSchedulewhilstinTransitwithintheGeographicalLimitsspecifiedintheSchedule.

Introduction and important notices IntroductionWelcomeandthankYouforchoosingOurAnnualCombinedCargoInsurancePolicy.

Thisisanimportantdocument.Youshouldreaditcarefullybeforemakingadecisiontopurchasethisinsurance.ItwillhelpYouto:

• decidewhetherthisinsurancewillmeetYourneeds;and

• compareitwithotherproductsYoumaybeconsidering.PleasenotethatanyrecommendationoropinioninthisdocumentisofageneralnatureonlyanddoesnottakeintoaccountYourobjectives,financialsituationorneeds.

YouneedtodecideifthisinsuranceisrightforYouandYoushouldreadallofthedocumentsthatmakeupthePolicytoensureYouhavethecoverYouneed.

Who is the Insurer?TheInsurerofthisproductisAllianzAustraliaInsuranceLimited(Allianz)AFSLicenceNo.234708ABN15000122850of2MarketStreet,Sydney,NSW,2000.

AllianzisoneofAustralia’slargestgeneralinsurers.Weutiliseyearsoflocalexpertise,combinedwithglobalexperiencetoofferawiderangeofproductsandservicestoOurcustomers.AsamemberoftheworldwideAllianzGroup,WearecommittedtocontinuousimprovementofOurproductsandservicesandstrivetoachievethisthroughknowledgetransferwithintheGroup,dedicatedtechnicalresearchunits,sharingnewproductdevelopmentsandawiderangeofriskmanagementservicesglobally.

InthePolicydocumentWerefertoAllianzAustraliaLimitedas“We”,“Us”,“Our”and“Allianz”.

About Allianz Marine & Transit Underwriting Agency and AllianzAllianzMarine&TransitUnderwritingAgencyPtyLimitedAFSRepresentativeNo.423910ABN98155554279ofLevel1,61LavenderStreet,MilsonsPointNSW2061isanAustralianorganisationthatspecialisesinprovidinginsuranceproductsforcargo,commercialhullandmarineliabilities.AllianzMarine&TransitUnderwritingAgencyhavebeengivena“binding”authoritybyAllianztoissue,varyanddisposeofthisinsuranceandsettleclaimsasagentsofAllianzasiftheywereAllianztheInsurer.

77156 POL272 Annual Combined Cargo txt_D1.indd 3 30/03/15 12:06 PMPOL272 0318 AMT Annual Combined Cargo Insurance Policy_D2.indd 4 16/3/18 5:02 pm

2

Page Insolvencyofcarriers 21

Interestsofotherparties 21

Lossofinformation/data/media 21

Packaging,containersandequipment 21

Repackingcosts 21

Resecuringcosts 21

SealedContainerClause 22

SortingChargesClause 22

StrikesDiversionExpensesClause 22

SueandLabourClause 22

General exclusions applicable to both Sections 22

Property(Goods)exclusions 22

Perilsexclusions 22

CargoISMEndorsement 23

Nuclear/Terrorism/Cyberexclusions 23

General conditions and cover restrictions applicable to all Sections 25

Applicablelaw 25

Authority 25

BreachofWarrantyorcondition 25

DeclarationofactualTurnoverorSendings 25

DelayorinterruptionbyYou 25

DueCare 25

Exchangerate 25

“Ondeck”shipments 26

Otherinsurance 26

Prohibitedcoverorpayments 26

Subrogation/Rightsofrecovery 26

Waiverofsubrogationrights 26

WarandStrikesVariationClause 26

Claims 27

GSTnotice 27

Claimsprocedures 27


3

Our contract with YouWhereWeagreetoenterintoaPolicywithYouitisacontractofinsurancebetweenUsandYou(seethedefinitionof“You”fordetailsofwhoiscoveredbythisterm).WeonlycoverthosepartiesshownintheScheduleunlessotherwisestatedinthePolicyasbeingapersonorentityentitledtocover.IfmorethanonepersonisinsuredunderthePolicy,afailureorwrongfulactionbyoneofthosepersonsmayadverselyaffecttherightsofanyotherpersoninsuredunderthePolicy.

WecoverYouinaccordancewiththeinsuranceasdescribedinthisPolicy,forthePeriodofInsuranceshownontheScheduleandforanysubsequentperiodwhererenewalmaybeagreed.ThemaximumamountWewillpayunderthePolicywillnotexceedtheSumInsuredshownontheScheduleunlessotherwisespecifiedherein.

YouarerequiredtocomplywiththetermsandconditionsofthePolicy.PleaserememberthatifYoudonotcomplywithanytermorcondition,Wemay(totheextentpermittedbylaw)declineorreduceanyclaimpaymentand/orcancelYourPolicy.

ThePolicyconsistsof:

• thisdocumentwhichsetsoutthestandardtermsofYourcoveranditslimitations;

• YourcurrentScheduleissuedbyUs.TheScheduleisaseparatedocument,whichshowstheinsurancedetailsrelevanttoYou.Itmayincludeadditionalterms,conditionsandexclusionsrelevanttoYouthatamendthestandardtermsofthisdocument;and

• anyotherchangetothetermsofthePolicyotherwiseadvisedbyUsinwriting(suchasanEndorsement).Thesewrittenchangesmayvaryormodifytheabovedocuments.

Theseareallimportantdocumentsandshouldbecarefullyreadtogetherandkeptinasafeplaceforfuturereference.WhenYouenterintothePolicyYouconfirmandwarrantthatYouhavereadorwillreadthePolicydocumentswhenprovidedtoYou.AnyneworreplacementScheduleWemaysendYou,detailingchangestoYourinsuranceorthePeriodOfInsurance,willbecomethecurrentSchedule,whichYoushouldcarefullyreadandretain.

Wereservetherighttochangethetermsofthisinsurancewherepermittedtodosobylaw.

Summary of the covers availablePleasenotethatthisisalimitedsummaryonlyandnotafulldescriptionofthecovers.ThePolicyismadeupoftwosections.YouneedtoreadthecoversectionsandthePolicytoproperlyunderstandthecover.

• Section 1 – Transits within AustraliaThissectioncoversYouforlossofordamagetotheGoodsdescribedintheSchedulewhilstinTransitwithintheGeographicalLimitsspecifiedintheSchedule.

Introduction and important notices IntroductionWelcomeandthankYouforchoosingOurAnnualCombinedCargoInsurancePolicy.

Thisisanimportantdocument.Youshouldreaditcarefullybeforemakingadecisiontopurchasethisinsurance.ItwillhelpYouto:

• decidewhetherthisinsurancewillmeetYourneeds;and

• compareitwithotherproductsYoumaybeconsidering.PleasenotethatanyrecommendationoropinioninthisdocumentisofageneralnatureonlyanddoesnottakeintoaccountYourobjectives,financialsituationorneeds.

YouneedtodecideifthisinsuranceisrightforYouandYoushouldreadallofthedocumentsthatmakeupthePolicytoensureYouhavethecoverYouneed.

Who is the Insurer?TheInsurerofthisproductisAllianzAustraliaInsuranceLimited(Allianz)AFSLicenceNo.234708ABN15000122850of2MarketStreet,Sydney,NSW,2000.

AllianzisoneofAustralia’slargestgeneralinsurers.Weutiliseyearsoflocalexpertise,combinedwithglobalexperiencetoofferawiderangeofproductsandservicestoOurcustomers.AsamemberoftheworldwideAllianzGroup,WearecommittedtocontinuousimprovementofOurproductsandservicesandstrivetoachievethisthroughknowledgetransferwithintheGroup,dedicatedtechnicalresearchunits,sharingnewproductdevelopmentsandawiderangeofriskmanagementservicesglobally.

InthePolicydocumentWerefertoAllianzAustraliaLimitedas“We”,“Us”,“Our”and“Allianz”.

About Allianz Marine & Transit Underwriting Agency and AllianzAllianzMarine&TransitUnderwritingAgencyPtyLimitedAFSRepresentativeNo.423910ABN98155554279ofLevel1,61LavenderStreet,MilsonsPointNSW2061isanAustralianorganisationthatspecialisesinprovidinginsuranceproductsforcargo,commercialhullandmarineliabilities.AllianzMarine&TransitUnderwritingAgencyhavebeengivena“binding”authoritybyAllianztoissue,varyanddisposeofthisinsuranceandsettleclaimsasagentsofAllianzasiftheywereAllianztheInsurer.


About AM&T and AllianzThe insurer is Allianz Australia Insurance Limited AFS Licence No. 234708 ABN 15 000 122 850 of 2 Market Street, Sydney, NSW, 2000.

Allianz is one of Australia’s largest general insurers. We utilise years of local expertise, combined with global experience to offer a wide range of products and services to Our customers. As a member of the worldwide Allianz Group, We are committed to continuous improvement of Our products and services and strive to achieve this through knowledge transfer within the Group, dedicated technical research units, sharing new product developments and a wide range of risk management services globally.

In the Policy document We refer to Allianz Australia Limited as “We”, “Us”, “Our” and “Allianz”.

AM&T (Allianz Marine & Transit Underwriting Agency Pty Limited ABN 98 155 554 279, AFS Representative No. 423910 of Level 12, 80 Mount Street, North Sydney NSW 2060) is an Australian organisation specialising in Cargo, Commercial Hull and Marine Liability insurance. AM&T have been given a “binding” authority by Allianz to issue, vary and dispose of this insurance and settle claims as agents of Allianz as if they were Allianz the insurer.


4

• Section 2 – Imports to and exports from AustraliaThissectioncoversYouforlossofordamagetotheGoodsdescribedintheScheduleimportedtoAustraliaorExportedfromAustraliaorasotherwiseagreedandspecifiedintheSchedule.

EachofthesesectionsprovidefordifferentvoyagesandConditionsofCoverasdetailedineachsectionofthePolicy.YouneedtoreadthecoversectionsandthePolicytoproperlyunderstandthecover.AsSections1and2maybesubjecttodifferentlaws(e.g.theInsuranceContractsActandtheMarineInsuranceAct),eachsection(comprisingtheinformationcontainedintheSchedule,inthePolicywordingandinanyEndorsement)mustbereadinconjunctionwiththegeneralconditionsandgeneralexclusionsandotherdocumentssettingoutthetermsofthePolicyasthoughitwereaseparatepolicy.

Youarenotautomaticallyinsuredundereachsection.YouareonlycoveredforthesectionsthatarespecifiedintheSchedule.

Understanding Your Policy and its important terms and conditionsToproperlyunderstandthesignificantfeatures,benefitsandrisksofthisinsuranceYouneedtocarefullyread:

• abouteachoftheavailabletypesofcoverandbenefitsandexclusionsintherelevantSectionsOneandTwo(thestandardcoverprovidedundereachsectioncanbeaffectedbythefollowing);

• therestofthis“Introduction”section–thissetsouthowYouapplyforcover,thebasisonwhichWeinsureYou,thedutyofdisclosureYouneedtomeetbeforeWeinsureYou,Ourprivacyinformation,Ourdisputeresolutionproceduresandotherimportantinformation;

• the“Wordswithspecialmeaning”section–thissetsoutwhatWemeanbycertainwordsusedinthePolicy.Thesewordsbeginwithacapitalletterthroughoutthisdocument;

• the“GeneralPolicyexclusionsapplicabletoallsections”section–thissetsoutthegeneralexclusionsandlimitationsthatapplytoallcoversandbenefits;

• the“GeneralPolicyconditionsapplicabletoallsections”and“Claims”sections–thesesetoutcertaingeneralrightsandobligationsthatYouandWehaveandothercoverrestrictions;

• allofthedocumentsthatmakeupthePolicy,includingthePolicyScheduleandanyEndorsementsorotherwrittenchangestothecoverWeissueYouwith–thesecontainspecificdetailsrelevanttoYouandcanaffectthecover.

HeadingsareprovidedforreferenceonlyanddonotformpartofYourPolicyforinterpretationpurposes.

Applying for coverWhenYouapplybycompletingOurapplicationprocessYouneedtoprovidetheinformationWerequiretodeterminewhethertoissueaPolicyandifso,onwhatterms,including(totheextenttheyareoptional):

• thecoversandbenefitsYouwant(includingtheGoodsYouwishtocover);

• thelimitsYouwant;

• theperiodofcoverYouwant;

• whetherYouwantanythirdpartiestobenotedashavinganinterest;

• theExcessesthatYouagreetocontributeforcertainclaims;

• whetheranystandardtermsneedtobevaried(thismaybebywayofanEndorsement).

WhereWeagreetoissueaPolicy,coverisprovidedonthebasis:

• thatYouhavepaidoragreedtopayUsthePremiumforthecoverprovided;

• oftheverbaland/orwritteninformationprovidedbyYouwhichmusthavegiveninaccordancewithYourdutyofdisclosureeitherverballyorinwriting.

Yourdutyofdisclosureandtheconsequencesofnondisclosure,areprovidedundertheheading‘YourDutyofDisclosure’.

Renewal procedureBeforeYourPolicyexpires,WewilladviseYouwhetherWeintendtoofferrenewalandifsoonwhatterms.ThisPolicywordingalsoappliesforanyotherrenewalWemake,unlessWetellYouotherwise.

ItisimportantthatYoucheckthetermsofanyrenewalbeforerenewingtosatisfyYourselfthatthedetailsarecorrect.InparticularchecktheSumInsuredamountstoensurethelevelsofcoverareappropriateforYouandthatthecoversselectedsuitYourneeds,allowingforanychangesinYourbusinesssincethePolicywasoriginallytakenout.

PleasenotethatYouneedtocomplywithYourDutyofDisclosure(seepage5)beforeeachrenewal.Inparticular,YoumustinformUsregardinganychangestotheGoodsbeingshipped,maximumlimitanyoneConveyance,GeographicalLimitsorSendings/Turnover.

Contact for assistance or confirmation of coverIfYouneedtoconfirmanyPolicytransactionorclarifyanyoftheinformationcontainedinthisPolicyor,ifYouhaveanyotherqueries,pleasecontactUsviathedetailsonthebackcover.


5

Your Duty of DisclosureBeforeenteringintoacontractofgeneralinsurancewithUs,Youhaveaduty,undertheInsuranceContractsAct1984andtheMarineInsuranceAct1909(asapplicable)todisclosetoUseverymatterwhich:

• Youknow;or

• areasonablepersoninthecircumstancescouldbeexpectedtoknow,

isrelevanttoOurdecisionwhethertoaccepttheriskoftheinsuranceand,ifso,onwhatterms.

Youhavethesamedutytodisclosethosematterstousbeforeyourenew,extend,varyorreinstateacontractofgeneralinsurance.

Thisdutyofdisclosureappliesuntilthecontractisenteredinto(orrenewed,extended,variedorreinstatedasapplicable).

Yourdutyhoweverdoesnotrequiredisclosureofanymatter:

• thatdiminishestherisktobeundertakenbyUs;or

• thatisofcommonknowledge;or

• thatWeknowor,intheordinarycourseofOurbusinessasaninsurer,oughttoknow;or

• astowhichcompliancewithYourdutyiswaivedbyUs.

Non-disclosure

Where the Insurance Contracts Act appliesWheretheInsuranceContractsActapplies,if:

• YoufailtocomplywithYourdutyofdisclosure,WemaybeentitledtoreduceOurliabilityunderthecontractinrespectofaclaim,cancelthecontractorboth;

• Yournon-disclosureisfraudulent,Wemayalsohavetheoptionofavoidingthecontractfromitsbeginning.

Where the Marine Insurance Act 1909 appliesWheretheMarineInsuranceAct1909applies,ifYoufailtocomplywithYourdutyofdisclosure,Wemayavoidthecontractfromitsbeginning.

Who must tell Us?

EveryonewhoisinsuredunderthePolicymustanswerthequestionsinthisway.

Alteration of riskWhere the Insurance Contracts Act applies

IfYoubecomeawareofanychangestothefactsorcircumstanceswhichexistedwhenthisinsurancecommencedthatchangethenatureoftherisk(forexample,thenatureofYourbusinessoperations,orothercircumstancesthataffecttheinsuredGoodscarried)inawaythatwouldincreasetheriskoflossordamage

occurringYoumustnotifyUsimmediatelyinwriting.IfWeagreetothechangeWewilldosoinwritingandYoumustpayUsanyadditionalPremiumWerequire.

Where the Marine Insurance Act applies

YoumustgiveUsimmediatenoticeinwritingifthereisanymaterialchangeinthecircumstancesornatureoftheriskscoveredbythisPolicy,ornoclaimarisingafterthechangeshallbepayableunlessWehaveagreedtothechangeinwriting.

PremiumYourPremium–thebasePremiumWechargeiscalculatedbasedonanumberoffactorssuchas:

• typeofGoodstobeinsured,wheretheGoodsaretobetransportedtoandfrom,theSendingsorTurnover,thecoverandSumInsuredrequired,Yourinsurancehistoryetc;

• Ourobligationtopayrelevantgovernmenttaxesandcharges.Forexample,GSTpayableinrelationtothePolicy.

MinimumPremiumsmayapply.WhenYouapplyforthisinsurance,YouwillbeadvisedofthetotalPremiumamountpayable,whenitneedstobepaidandhowitcanbepaid.

ThisamountwillbesetoutintheSchedule,whichwillbesenttoYouaftercommencementofcoverunderthePolicy.IfYoufailtopaythePremiumWemayreduceanyclaimpaymentbytheamountofPremiumowingand/orcancelthePolicy.SpecialrightsandobligationsapplytoinstalmentPremiumpaymentsassetoutbelow.

Non payment of Premium by instalments – Right to refuse a claim and/or cancel Your Policy

WhereYoupayYourPremiumbyinstalments,Youmustensurethattheyarepaidontime.Ifaninstalmenthasremainedunpaidforaperiodofatleastfourteen(14)days,Wemayrefusetopayaclaim.

Ifaninstalmentremainsunpaidforatleast30days,WemaycancelthePolicy.

Instalment Premium service fee

InsomecasesaservicefeewillapplywhereYouselecttopayYourPremiumbyinstalments.WetellYouthetotalamountpayablewhenYouapplyandwhenandhowitcanbepaid.ThisisconfirmedintheScheduleWeissuetoYou.

How to make a claimIfYouneedtomakeaclaimunderthePolicy,pleaserefertothe“Claimsprocedures”sectiononpage27.


5

Your Duty of DisclosureBeforeenteringintoacontractofgeneralinsurancewithUs,Youhaveaduty,undertheInsuranceContractsAct1984andtheMarineInsuranceAct1909(asapplicable)todisclosetoUseverymatterwhich:

• Youknow;or

• areasonablepersoninthecircumstancescouldbeexpectedtoknow,

isrelevanttoOurdecisionwhethertoaccepttheriskoftheinsuranceand,ifso,onwhatterms.

Youhavethesamedutytodisclosethosematterstousbeforeyourenew,extend,varyorreinstateacontractofgeneralinsurance.

Thisdutyofdisclosureappliesuntilthecontractisenteredinto(orrenewed,extended,variedorreinstatedasapplicable).

Yourdutyhoweverdoesnotrequiredisclosureofanymatter:

• thatdiminishestherisktobeundertakenbyUs;or

• thatisofcommonknowledge;or

• thatWeknowor,intheordinarycourseofOurbusinessasaninsurer,oughttoknow;or

• astowhichcompliancewithYourdutyiswaivedbyUs.

Non-disclosure

Where the Insurance Contracts Act appliesWheretheInsuranceContractsActapplies,if:

• YoufailtocomplywithYourdutyofdisclosure,WemaybeentitledtoreduceOurliabilityunderthecontractinrespectofaclaim,cancelthecontractorboth;

• Yournon-disclosureisfraudulent,Wemayalsohavetheoptionofavoidingthecontractfromitsbeginning.

Where the Marine Insurance Act 1909 appliesWheretheMarineInsuranceAct1909applies,ifYoufailtocomplywithYourdutyofdisclosure,Wemayavoidthecontractfromitsbeginning.

Who must tell Us?

EveryonewhoisinsuredunderthePolicymustanswerthequestionsinthisway.

Alteration of riskWhere the Insurance Contracts Act applies

IfYoubecomeawareofanychangestothefactsorcircumstanceswhichexistedwhenthisinsurancecommencedthatchangethenatureoftherisk(forexample,thenatureofYourbusinessoperations,orothercircumstancesthataffecttheinsuredGoodscarried)inawaythatwouldincreasetheriskoflossordamage

occurringYoumustnotifyUsimmediatelyinwriting.IfWeagreetothechangeWewilldosoinwritingandYoumustpayUsanyadditionalPremiumWerequire.

Where the Marine Insurance Act applies

YoumustgiveUsimmediatenoticeinwritingifthereisanymaterialchangeinthecircumstancesornatureoftheriskscoveredbythisPolicy,ornoclaimarisingafterthechangeshallbepayableunlessWehaveagreedtothechangeinwriting.

PremiumYourPremium–thebasePremiumWechargeiscalculatedbasedonanumberoffactorssuchas:

• typeofGoodstobeinsured,wheretheGoodsaretobetransportedtoandfrom,theSendingsorTurnover,thecoverandSumInsuredrequired,Yourinsurancehistoryetc;

• Ourobligationtopayrelevantgovernmenttaxesandcharges.Forexample,GSTpayableinrelationtothePolicy.

MinimumPremiumsmayapply.WhenYouapplyforthisinsurance,YouwillbeadvisedofthetotalPremiumamountpayable,whenitneedstobepaidandhowitcanbepaid.

ThisamountwillbesetoutintheSchedule,whichwillbesenttoYouaftercommencementofcoverunderthePolicy.IfYoufailtopaythePremiumWemayreduceanyclaimpaymentbytheamountofPremiumowingand/orcancelthePolicy.SpecialrightsandobligationsapplytoinstalmentPremiumpaymentsassetoutbelow.

Non payment of Premium by instalments – Right to refuse a claim and/or cancel Your Policy

WhereYoupayYourPremiumbyinstalments,Youmustensurethattheyarepaidontime.Ifaninstalmenthasremainedunpaidforaperiodofatleastfourteen(14)days,Wemayrefusetopayaclaim.

Ifaninstalmentremainsunpaidforatleast30days,WemaycancelthePolicy.

Instalment Premium service fee

InsomecasesaservicefeewillapplywhereYouselecttopayYourPremiumbyinstalments.WetellYouthetotalamountpayablewhenYouapplyandwhenandhowitcanbepaid.ThisisconfirmedintheScheduleWeissuetoYou.

How to make a claimIfYouneedtomakeaclaimunderthePolicy,pleaserefertothe“Claimsprocedures”sectiononpage27.


6

Cancellationa) YoumaycancelthePolicyatanytimebynotifying

Usinwriting.

b) WehavetherighttocancelthePolicywherepermittedbylaw.

Where the Insurance Contracts Act 1984 applies

WecancancelthePolicy:

• ifYoufailedtocomplywithYourDutyofDisclosure;or

• whereYouhavemadeamisrepresentationtoUsduringnegotiationspriortotheissueofthePolicy;or

• whereYouhavefailedtocomplywithaprovisionofthePolicy,includingpaymentofPremium;or

• whereYouhavemadeafraudulentclaimunderYourPolicyorundersomeothercontractofinsurancethatprovidescoverduringthesameperiodoftimethatOurPolicycoversYou.

Where the Marine Insurance Act 1909 applies

a) WemaycancelthisPolicyintheeventofnon-paymentofthePremiumorforanyotherreasonavailableatlawbygivingnoticeasfollows:

Marine Risks Subjectto30daysnoticeofcancellation.

War Risks Subjectto7daysnoticeofcancellation.

StrikesRiotsandCivilCommotionsRisksSubjectto7daysnoticeinwriting,exceptforconsignmentstoand/orfromtheUnitedStatesofAmericawhichissubjectto48hoursnoticeinwriting.

b) IfWedecidetocancelYourPolicyWewillgivewrittennoticetoYoupersonallyorbyposttoYourlastknownaddressor,Yourintermediaryasmaybeappropriate.SuchnoticewillbeeffectivefromtheexpiryofthestipulatedperiodcalculatedfrommidnightofthedayonwhichnoticeofthecancellationisissuedbyortoUsbutshallnotapplytoanyGoodswhichhavecommencedTransitinaccordancewiththeconditionsofthisPolicybeforecancellationbecomeseffective.

ApostednoticeisdeemedgiventoYouatthetimeitwouldhavebeendeliveredinthenormalcourseofthepostalservice.

c) IntheeventthatYouorUscancelthePolicy,WemayelecttoapplytheminimumPremiumprovisionsetoutintheDeclarationofActualTurnoverClauseordeductaprorataproportionofthePremiumfortimeonrisk,reasonableadministrativecostsrelatedtothearrangementofandterminationofYourPolicyandanygovernmenttaxesordutiesWecannotrecover.IntheeventthatYouhavemadeaclaimunderthePolicyand

WehaveagreedtopaythefullSumInsured,noreturnofPremiumwillbemadeforanyunusedportionofthePremium.

d) IfthePremiumhasbeenfundedbyaPremiumfundingcompanywhichholdsalegalrightoverthePolicybyvirtueofanoticeofassignmentand/orirrevocablepowerofattorney,arefundwillbemadetothePremiumfundingcompanyinaccordancewiththeprovisionssetoutabove.

Privacy noticeAtAllianz,WegiveprioritytoprotectingtheprivacyofYourpersonalinformation.WedothisbyhandlingpersonalinformationinaresponsiblemannerandinaccordancewiththePrivacy Act 1988 (Cth).

How We collect Your personal information

WeusuallycollectYourpersonalinformationfromYouorYouragents.WemayalsocollectitfromOuragentsandserviceproviders;otherinsurersandinsurancereferencebureaus;peoplewhoareinvolvedinaclaimorassistUsininvestigatingorprocessingclaims,includingthirdpartiesclaimingunderYourPolicy,witnessesandmedicalpractitioners;thirdpartieswhomaybearranginginsurancecoverforagroupthatYouareapartof;lawenforcement,disputeresolution,statutoryandregulatorybodies;marketinglistsandindustrydatabases;andpubliclyavailablesources.

Why We collect Your personal information

WecollectYourpersonalinformationtoenableUstoprovideOurproductsandservices,includingtoprocessandsettleclaims;offerOurproductsandservicesandthoseofOurrelatedcompanies,brokers,intermediariesandbusinesspartnersthatmayinterestYou;andconductmarketorcustomerresearchtodeterminethoseproductsorservicesthatmaysuitYou.YoucanchoosenottoreceiveproductorserviceofferingsfromUs(includingproductorserviceofferingsfromUsonbehalfofOurbrokers,intermediariesand/orOurbusinesspartners)orOurrelatedcompaniesbycallingtheAllianzDirectMarketingPrivacyServiceLineon1300360529,EST8am-6pmMondaytoFriday,orgoingtoourwebsite’sPrivacysectionatwww.allianz.com.au.

Who We disclose Your personal information to

WemaydiscloseYourpersonalinformationtootherswithwhomWehavebusinessarrangementsforthepurposeslistedintheparagraphaboveortoenablethemtooffertheirproductsandservicestoYou.Thesepartiesmayincludeinsurers,intermediaries,reinsurers,insurancereferencebureaus,relatedcompanies,ouradvisers,personsinvolvedinclaims,externalclaimsdatacollectorsandverifiers,partiesthatWehaveaninsuranceschemeinplacewithunderwhichyoupurchasedyourpolicy


7

(suchasafinancierormotorvehiclemanufacturerand/ordealer).Disclosuremayalsobemadetogovernment,lawenforcement,disputeresolution,statutoryorregulatorybodies,orasrequiredbylaw.

Disclosure overseas

YourpersonalinformationmaybedisclosedtoothercompaniesintheAllianzGroup,businesspartners,reinsurersandserviceprovidersthatmaybelocatedinAustraliaoroverseas.Thecountriesthisinformationmaybedisclosedtowillvaryfromtimetotime,butmayincludeCanada,Germany,NewZealand,UnitedKingdom,UnitedStatesofAmericaandothercountrieswheretheAllianzGrouphasapresenceorengagessubcontractors.WeregularlyreviewthesecurityofOursystemsusedforsendingpersonalinformationoverseas.Anyinformationdisclosedmayonlybeusedforthepurposesofcollectiondetailedaboveandsystemadministration.

Access to Your personal information and complaints

YoumayaskforaccesstothepersonalinformationWeholdaboutYouandseekcorrectionbycalling1300360529EST8am–6pm,MondaytoFriday.OurPrivacyPolicycontainsdetailsabouthowYoumaymakeacomplaintaboutabreachoftheprivacyprinciplescontainedinthePrivacy Act 1988 (Cth)andhowWedealwithcomplaints.OurPrivacyPolicyisavailableatwww.allianz.com.au.

Telephone call recording

Wemayrecordincomingand/oroutgoingtelephonecallsfortrainingorverificationpurposes.WhereWehaverecordedatelephonecall,WecanprovideYouwithacopyatYourrequest,whereitisreasonabletodoso.

General Insurance Code of PracticeTheGeneralInsuranceCodeofPracticewasdevelopedbytheInsuranceCouncilofAustraliatofurtherraisestandardsofpracticeandserviceacrosstheinsuranceindustry.WekeenlysupportthestandardssetoutintheCode.YoucanobtainmoreinformationontheCodeofPracticeandhowitassistsYoubycontactingUs.Contactdetailsareprovidedonthebackcoverofthisdocument.

Dispute resolution process – helping You solve any problemsWestrivetodothingstherightwayandkeepOurcustomershappy.

Sometimes,complaintsordisputesdooccurandwhenthishappens,Ourobjectiveistoresolveanydisagreementasamicablyandasquicklyaspossible.WebelievethebestwaytoachievethisistoprovideYouwithanopportunityforanunbiasedreviewoftheissue.

Here is what to do if a complaint or dispute arises

RegardlessofwhetherthecomplaintordisputeinvolvesOurstaff,anagent,lossadjuster,assessor,investigatorortheserviceWeprovide,simplycontactUson132664EST8am–6pm,MondaytoFriday,speaktooneofOuroperatorsandprovidethemwiththedetailsoftheissueconcerningYou.Theywillattempttoresolvethecomplaintordispute;iftheyareunabletodosotheywilllogitandreferittotheappropriatebusinessunitforresolution.

WithinOurorganisationWehaveestablishedacomplaintsanddisputesresolutionprocess.Thisisafreeservice.Itisasystemdesignedtolog,track,escalateandmonitorcomplaintsreceivedfromclientsandcustomersaboutOurservicesandproducts.AstaffmemberinvolvedinthecomplaintsanddisputesresolutionprocesswillwritetoYouwithin15workingdaysadvisingtheoutcomeofthereviewandreasonsfortheirdecision.WedonotconsideracomplaintordisputetoberesolveduntilaproposedresolutionorsolutionhasbeencommunicatedtoYouandYouhaveacceptedtheresolutionorsolution.

If You are not satisfied with the outcome of this process

IfWeareunabletoresolvethecomplaintordispute,WewillofferYoutheoptionofreferringthemattertotheinsuranceindustry’sexternalindependentcomplaintsscheme(subjecttoeligibility).TheschemewillonlyreviewcomplaintsordisputesiftheyhavegonethroughOurinternalcomplaintsanddisputesresolutionprocess.

If this insurance has been issued through an insurance intermediaryIfYourPolicyhasbeenissuedthroughOuragent,orabrokerwhoisactingunderanagencyarrangementsuchasabinderwithUs,thentheyareactingasOuragentandnotasYouragent.

IfYourPolicyhasbeenissuedbyabroker,otherthanabrokeractingundersuchanagencyarrangementwithUs,thenthebrokerisactingasYouragent.

WherethisPolicyhasbeenarrangedthroughanintermediaryacommissionispayablebyUstothemforarrangingtheinsurance.

Financial Claims SchemeIntheunlikelyeventAllianzAustraliaInsuranceLimitedweretobecomeinsolventandcouldnotmeetitsobligationsunderthisPolicy,apersonentitledtoclaimmaybeentitledtopaymentundertheFinancialClaimsScheme.AccesstotheSchemeissubjecttoeligibilitycriteriaandformoreinformationseeAPRAwebsiteatwww.apra.gov.auandtheAPRAhotlineon1300558849.


6

Cancellationa) YoumaycancelthePolicyatanytimebynotifying

Usinwriting.

b) WehavetherighttocancelthePolicywherepermittedbylaw.

Where the Insurance Contracts Act 1984 applies

WecancancelthePolicy:

• ifYoufailedtocomplywithYourDutyofDisclosure;or

• whereYouhavemadeamisrepresentationtoUsduringnegotiationspriortotheissueofthePolicy;or

• whereYouhavefailedtocomplywithaprovisionofthePolicy,includingpaymentofPremium;or

• whereYouhavemadeafraudulentclaimunderYourPolicyorundersomeothercontractofinsurancethatprovidescoverduringthesameperiodoftimethatOurPolicycoversYou.


a) WemaycancelthisPolicyintheeventofnon-paymentofthePremiumorforanyotherreasonavailableatlawbygivingnoticeasfollows:

Marine Risks Subjectto30daysnoticeofcancellation.

War Risks Subjectto7daysnoticeofcancellation.

StrikesRiotsandCivilCommotionsRisksSubjectto7daysnoticeinwriting,exceptforconsignmentstoand/orfromtheUnitedStatesofAmericawhichissubjectto48hoursnoticeinwriting.

b) IfWedecidetocancelYourPolicyWewillgivewrittennoticetoYoupersonallyorbyposttoYourlastknownaddressor,Yourintermediaryasmaybeappropriate.SuchnoticewillbeeffectivefromtheexpiryofthestipulatedperiodcalculatedfrommidnightofthedayonwhichnoticeofthecancellationisissuedbyortoUsbutshallnotapplytoanyGoodswhichhavecommencedTransitinaccordancewiththeconditionsofthisPolicybeforecancellationbecomeseffective.

ApostednoticeisdeemedgiventoYouatthetimeitwouldhavebeendeliveredinthenormalcourseofthepostalservice.

c) IntheeventthatYouorUscancelthePolicy,WemayelecttoapplytheminimumPremiumprovisionsetoutintheDeclarationofActualTurnoverClauseordeductaprorataproportionofthePremiumfortimeonrisk,reasonableadministrativecostsrelatedtothearrangementofandterminationofYourPolicyandanygovernmenttaxesordutiesWecannotrecover.IntheeventthatYouhavemadeaclaimunderthePolicyand

WehaveagreedtopaythefullSumInsured,noreturnofPremiumwillbemadeforanyunusedportionofthePremium.

d) IfthePremiumhasbeenfundedbyaPremiumfundingcompanywhichholdsalegalrightoverthePolicybyvirtueofanoticeofassignmentand/orirrevocablepowerofattorney,arefundwillbemadetothePremiumfundingcompanyinaccordancewiththeprovisionssetoutabove.

Privacy noticeAtAllianz,WegiveprioritytoprotectingtheprivacyofYourpersonalinformation.WedothisbyhandlingpersonalinformationinaresponsiblemannerandinaccordancewiththePrivacy Act 1988 (Cth).

How We collect Your personal information

WeusuallycollectYourpersonalinformationfromYouorYouragents.WemayalsocollectitfromOuragentsandserviceproviders;otherinsurersandinsurancereferencebureaus;peoplewhoareinvolvedinaclaimorassistUsininvestigatingorprocessingclaims,includingthirdpartiesclaimingunderYourPolicy,witnessesandmedicalpractitioners;thirdpartieswhomaybearranginginsurancecoverforagroupthatYouareapartof;lawenforcement,disputeresolution,statutoryandregulatorybodies;marketinglistsandindustrydatabases;andpubliclyavailablesources.

Why We collect Your personal information

WecollectYourpersonalinformationtoenableUstoprovideOurproductsandservices,includingtoprocessandsettleclaims;offerOurproductsandservicesandthoseofOurrelatedcompanies,brokers,intermediariesandbusinesspartnersthatmayinterestYou;andconductmarketorcustomerresearchtodeterminethoseproductsorservicesthatmaysuitYou.YoucanchoosenottoreceiveproductorserviceofferingsfromUs(includingproductorserviceofferingsfromUsonbehalfofOurbrokers,intermediariesand/orOurbusinesspartners)orOurrelatedcompaniesbycallingtheAllianzDirectMarketingPrivacyServiceLineon1300360529,EST8am-6pmMondaytoFriday,orgoingtoourwebsite’sPrivacysectionatwww.allianz.com.au.

Who We disclose Your personal information to

WemaydiscloseYourpersonalinformationtootherswithwhomWehavebusinessarrangementsforthepurposeslistedintheparagraphaboveortoenablethemtooffertheirproductsandservicestoYou.Thesepartiesmayincludeinsurers,intermediaries,reinsurers,insurancereferencebureaus,relatedcompanies,ouradvisers,personsinvolvedinclaims,externalclaimsdatacollectorsandverifiers,partiesthatWehaveaninsuranceschemeinplacewithunderwhichyoupurchasedyourpolicy


7

(suchasafinancierormotorvehiclemanufacturerand/ordealer).Disclosuremayalsobemadetogovernment,lawenforcement,disputeresolution,statutoryorregulatorybodies,orasrequiredbylaw.

Disclosure overseas

YourpersonalinformationmaybedisclosedtoothercompaniesintheAllianzGroup,businesspartners,reinsurersandserviceprovidersthatmaybelocatedinAustraliaoroverseas.Thecountriesthisinformationmaybedisclosedtowillvaryfromtimetotime,butmayincludeCanada,Germany,NewZealand,UnitedKingdom,UnitedStatesofAmericaandothercountrieswheretheAllianzGrouphasapresenceorengagessubcontractors.WeregularlyreviewthesecurityofOursystemsusedforsendingpersonalinformationoverseas.Anyinformationdisclosedmayonlybeusedforthepurposesofcollectiondetailedaboveandsystemadministration.

Access to Your personal information and complaints

YoumayaskforaccesstothepersonalinformationWeholdaboutYouandseekcorrectionbycalling1300360529EST8am–6pm,MondaytoFriday.OurPrivacyPolicycontainsdetailsabouthowYoumaymakeacomplaintaboutabreachoftheprivacyprinciplescontainedinthePrivacy Act 1988 (Cth)andhowWedealwithcomplaints.OurPrivacyPolicyisavailableatwww.allianz.com.au.

Telephone call recording

Wemayrecordincomingand/oroutgoingtelephonecallsfortrainingorverificationpurposes.WhereWehaverecordedatelephonecall,WecanprovideYouwithacopyatYourrequest,whereitisreasonabletodoso.

General Insurance Code of PracticeTheGeneralInsuranceCodeofPracticewasdevelopedbytheInsuranceCouncilofAustraliatofurtherraisestandardsofpracticeandserviceacrosstheinsuranceindustry.WekeenlysupportthestandardssetoutintheCode.YoucanobtainmoreinformationontheCodeofPracticeandhowitassistsYoubycontactingUs.Contactdetailsareprovidedonthebackcoverofthisdocument.

Dispute resolution process – helping You solve any problemsWestrivetodothingstherightwayandkeepOurcustomershappy.

Sometimes,complaintsordisputesdooccurandwhenthishappens,Ourobjectiveistoresolveanydisagreementasamicablyandasquicklyaspossible.WebelievethebestwaytoachievethisistoprovideYouwithanopportunityforanunbiasedreviewoftheissue.

Here is what to do if a complaint or dispute arises

RegardlessofwhetherthecomplaintordisputeinvolvesOurstaff,anagent,lossadjuster,assessor,investigatorortheserviceWeprovide,simplycontactUson132664EST8am–6pm,MondaytoFriday,speaktooneofOuroperatorsandprovidethemwiththedetailsoftheissueconcerningYou.Theywillattempttoresolvethecomplaintordispute;iftheyareunabletodosotheywilllogitandreferittotheappropriatebusinessunitforresolution.

WithinOurorganisationWehaveestablishedacomplaintsanddisputesresolutionprocess.Thisisafreeservice.Itisasystemdesignedtolog,track,escalateandmonitorcomplaintsreceivedfromclientsandcustomersaboutOurservicesandproducts.AstaffmemberinvolvedinthecomplaintsanddisputesresolutionprocesswillwritetoYouwithin15workingdaysadvisingtheoutcomeofthereviewandreasonsfortheirdecision.WedonotconsideracomplaintordisputetoberesolveduntilaproposedresolutionorsolutionhasbeencommunicatedtoYouandYouhaveacceptedtheresolutionorsolution.

If You are not satisfied with the outcome of this process

IfWeareunabletoresolvethecomplaintordispute,WewillofferYoutheoptionofreferringthemattertotheinsuranceindustry’sexternalindependentcomplaintsscheme(subjecttoeligibility).TheschemewillonlyreviewcomplaintsordisputesiftheyhavegonethroughOurinternalcomplaintsanddisputesresolutionprocess.

If this insurance has been issued through an insurance intermediaryIfYourPolicyhasbeenissuedthroughOuragent,orabrokerwhoisactingunderanagencyarrangementsuchasabinderwithUs,thentheyareactingasOuragentandnotasYouragent.

IfYourPolicyhasbeenissuedbyabroker,otherthanabrokeractingundersuchanagencyarrangementwithUs,thenthebrokerisactingasYouragent.

WherethisPolicyhasbeenarrangedthroughanintermediaryacommissionispayablebyUstothemforarrangingtheinsurance.

Financial Claims SchemeIntheunlikelyeventAllianzAustraliaInsuranceLimitedweretobecomeinsolventandcouldnotmeetitsobligationsunderthisPolicy,apersonentitledtoclaimmaybeentitledtopaymentundertheFinancialClaimsScheme.AccesstotheSchemeissubjecttoeligibilitycriteriaandformoreinformationseeAPRAwebsiteatwww.apra.gov.auandtheAPRAhotlineon1300558849.


Financial Claims SchemeIn the unlikely event Allianz Australia Insurance Limited were to become insolvent and could not meet its obligations under the policy, a person entitled to claim may be entitled to payment under the Financial Claims Scheme. Access to the Scheme is subject to eligibility criteria. More information can be obtained from http://www.fcs.gov.au.


8

Words with special meaningAccident or Accidental meansaneventoroccurrencewhichresultsinlossordamagetotheGoodsthatYoudidnotintendorexpecttohappenorcouldnotreasonablyhavebeenexpectedbyapersonwithactualknowledgeoftheGoodsandmethodoftransport.

Average or Coinsurancemeans,ifthevalueoftheGoodsinsuredunderthisPolicyshallatthetimeoflossordamagebeofgreatervaluethantheSumInsuredspecifiedintheSchedule,WeshallonlypayYoutheproportionalamountthatthetotalvalueofthelossbearstotheSumInsuredspecifiedintheSchedule.

Basis of ValuationmeanstheagreedformulathatWewillusetocalculatehowmuchWewillpayYouintheeventoflossordamage.ThisisasstatedinthisPolicyonpage18,unlessotherwiseagreedandspecifiedintheSchedule.

Certificate of InsurancemeansthedocumentbearingdetailsofthePolicyeitherissuedbyYouorbyUscertifyingthatinsurancecoversaparticularshipmentofGoods.

CIFisCost,InsuranceandFreight.

CFRisCostandFreight.

Conditions of CovermeansthecoverthatWeareprovidingunderthisPolicyasspecifiedintheSchedule.

Constructive Total Lossmeanseither:

a) theactualtotallossoftheGoodsappearstobeunavoidable;or

b) topreventtheGoodsfrombeingatotallosswouldcostmorethantheirvaluewhenpreserved.

Conveying Vehicle, Conveyancemeansanyship,vessel,aircraft,railandroadtransportusedtotransporttheinsuredGoods,includingYourownvehicleswhereapplicable.

Deliberate Third Party ActThisincludes:

• deliberatedamagebyFederal,StateorLocalauthoritiesexercisingtheirrightsundercurrentlegislationinordertopreventorminimiseanenvironmentalhazard/pollutionresultingfromanInsuredEventandprovidedthishasnotresultedfromYourlackofduediligence;

• thedeliberateactofanypartyotherthanYouwhichwascommittedwithoutYourknowledgeorconnivance.

Due CaremeanstheexercisingbyYouofappropriatelevelsofprudenceandcautionin:

• theselectionof,andprovisionofhandlinginstructionsto,thirdpartytransportserviceproviders;

• theselectionofpackagingappropriatetoprotecttheGoods;

• thehandling,storageandmovementofGoodsbyYouincluding:

(i) securitymeasurestoprotecttheGoodsagainsttheftwhereappropriatebasedonthenatureoftheGoodswhilsteitherinYourvehicleorwhilsttemporarilyremovedfromtheConveyingVehicle;

(ii) themaintenanceofYourConveyingVehicles(includingrefrigerationmachineryandsecuritydevices)inproperrepairandsoundworkingcondition;

(iii) theemploymentofcompetentdriversandotheremployeesinvolvedintransportorhandlingofGoods;and

(iv) thecompliancewithallstatutoryobligations,by-laws,regulationsandstandardsimposedbypublicauthorities.

EndorsementmeansdocumentaryevidenceofanalterationtothisPolicyortheSchedulewhichformspartofthePolicy.

ExcessmeanstheamountpayablebyYouforeachandeverylossrecoverableunderthePolicyasspecifiedintheSchedule,thisdocumentoranyEndorsementtothePolicy.WhereanExcessisexpressedasaspecifiedsumitmeanstheamountspecified.WheretheExcessisexpressedasapercentageitmeansthemonetaryequivalentofsuchpercentageofeachloss.Whereaclaimismadeinrespectofmorethanoneoccurrence,theExcesswillapplyasthoughaclaimwasmadeforeachseparateoccurrence.

Floodmeanstheinundationofnormallydrylandbywateroverflowingfromthenormalconfinesofanynaturalwatercourseorlake,whetherornotalteredormodified,orofanyreservoir,canalordam.

FOBisFreeOnBoard.

General AverageThemaritimelegalprinciplebywhich,shouldtheshipowner,oneormorecargoowners,orotherpartieswithaninterestinpropertyonboardaseagoingvessel,makeanextraordinarysacrificeorexpenditureforthepurposesofpreservingallpropertyatriskatatimeofperil,allpartieswithpropertythathasbeenpreservedbysuchsacrificeorexpenditurecanbecalledupontocontributeaproportionoflossincurred.

Geographical Limit(s)meansthegeographicalareaofoperationspecifiedintheSchedule.ForcoverunderSection1thisislimitedtotransitsstartingandterminatingwithinAustraliaincluding,whereapplicable,seavoyageswithinAustralianTerritorialwatersbetweenAustralianportsorplaces.

Institute ClausesmeansthestandardwordingsaspreparedbytheLloyd’sMarketAssociationandInternationalUnderwritingAssociationofLondon.AnyInstituteClausesreferredtointhePolicyortheScheduleoranyother


9

ThefollowingarenotcoveredunlessYouhavedeclaredthemtoUsandtheyareshownontheSchedule:

• frozen,chilledproductsorperishableproducts;

• Livestock.Wheredeclared,WeareabletocoverinlandmovementsunderSection1ofthisPolicywording,butnotimports/exportsunderSection2;

• bloodstock,prizeanimalsorstudanimals;

• liveplantsandtrees;

• worksofartorantiques;

• cigarettes,tobacco/tobaccoproducts;

• dangerousGoodsasdefinedbythecurrentAustralianDangerousGoodsCodeoranygovernmentagencyorauthoritywhichbytheirnaturerequirespeciallicencingofthedriverorvehicleand/oraredefinedasa“PlacardLoad”.Thisexclusiondoesnotapplytosmallconsignments,limitedquantitiesorretaildistributionloadsofdangerousGoodswhereconcessionisprovidedunderthecurrentAustralianDangerousGoodsCode;

• preciousmetalsandstones,jewelleryormoney(whichmeansanycoinorbanknote);bullion,cheques,creditorothercardsalesvouchers,securitiesorshares;bonds,deeds,billsofexchangeoranydocumentthatrepresentsorisexchangeableformoney;

• householdGoodsandpersonaleffects;

• plantandmachinerytransfer;

• radioactiveGoodsorexplosiveGoods.

Livestock meanssheep,cattle,goatsandpigsand/orotherherdanimalsasidentifiedinthePolicy.Livestockdoesnotincludehorses,birdsorotheranimals.

LivestockcanbeinsuredforinlandmovementsonlyunderthisPolicy.NocoverisavailableunderSection2.

Period of Insurancemeanstheperiodcommencingontheeffectivedateandendingat4pmintheStateorTerritoryofAustraliainwhichthePolicyisissuedontheexpirydateasshownintheSchedule.

Personal Property meansbedding,CB/UHFandscannerradios,foodanddrinkanditscontainers(includingthermos-flasks,eskiesandmobilefridge),clothingandpersonalaccessoriesandhygieneitems,footwearandpersonalentertainmentequipment(e.g.DVD/CDplayers,iPodsorMP3players).

PersonalPropertyexcludesmoneyoranynegotiabledocuments/documentsthatrepresentmoney,creditcards,watchesandjewellery,mobilephones,pagers,laptopcomputersorPDAs/tablets,mobileGPRSunits,preciousmetalsorstones.

PolicymeansthisdocumentandanyEndorsement,specification,attachmentormemorandaaffixedtoit,theScheduleandtheProposal.

documentaredeemedtobethosemostcurrentatthetimeofattachmentoftheriskandareamendedtobesubjecttoAustralianlawandpractice.Intheeventofanyoftheseclausesbeingalteredoraddedto,newclausesshallautomaticallyformpartofthisPolicy,unlessthealterationoradditionreducesYourcoverinwhichcaseYoushallbeadvisedinwriting.

IfWegiveYouwrittennoticeofarevisionoftheseclause,thentherevisedclauseswillapplytorisksattachingfrommidnight30daysafterOurnoticehasbeengiventoYou.ApostednoticeisdeemedgiventoYouatthetimeitwouldhavebeendeliveredinthenormalcourseofthepostalservice.

Insurable Interest meansthatYouhavealegalorequitableinterestintheInsuredGoodsinconsequenceofwhichYoumaybenefitbytheirsafetyandbeprejudicedbytheirloss.

Insured,YouorYourmeansanypartyspecifiedinthePolicySchedule.

WheretheInsurediscomprisedofmorethanoneentity,theterm“You”willbeconsideredasapplyingtoeachentityinthesamemannerasthoughaseparatePolicyhadbeenissuedtoeachentity,however,OurlimitofliabilityshallnotexceedtheSumInsuredspecifiedintheScheduleandOurliabilitytomakesupplementarypaymentswillapplyasthoughtherewerenotseparatepoliciesissuedtoeachentity.

Insured Eventsmeansaneventshownintheindividualsectionundertheheading“InsuredEvents”applicabletothesection,andforwhichcoverisavailableunderthatsectiononly.

Insured GoodsorGoodsmeanstheGoodsspecifiedintheSchedulewhichYouownorwhichYouhavecontractuallyacceptedresponsibilitytoinsureandincludes:

• allretailandsalespackaging;

• shippingcontainersownedbyYouorinYourcare,custodyorcontrol,totheextentthatYouarelegallyliabletopayforanyphysicallossofordamagetothecontainer(s)andsubjecttoanysublimitsexpressedinthisPolicyortheSchedule;

• Yourstocktransfers;

• anyreturnGoods,inwardsoroutwards,whereYouhavetheresponsibilitytoinsuretheGoodsinTransit,orhaveassumedthatresponsibilitypriortoanylossordamagetotheGoodsbeingreportedtoYou;

• shippingcontainers;

• TravellersSamplesandToolsofTrade(subjecttoanylimitsexpressedforthesecategoriesofGoodsinthisPolicyortheSchedule).


10

PremiummeansthePremiumspecifiedinthecurrentSchedule,anyEndorsementPremiumandanyadjustmentinaccordancewiththeGeneralCondition–DeclarationOfActualTurnoverorSendingsplusanyapplicableGovernmentcharges.

Proposal meanstheapplicationformcompletedbyYouorthequotationslipsubmittedonYourbehalfinwhichYouprovidedtheinformationuponwhichWereliedtoenterintothePolicy.

Salvagehastwomeaningssubjecttocontext,beingeither:

• whatisleftoftheGoodsorPersonalPropertyafterithassufferedlossorDamage;or

• thephysicalactofrecoveringGoodsorPropertywhichhasbeenlostorDamaged,butwhichhasresidualcommercialvalue.

SchedulemeansthemostrecentlydatedScheduleWehaveprovidedtoYouwhichspecifiesimportantinformationsuchasthePolicynumber,GeographicalLimits,thoseSectionsthatareinforce,thedetailsoftheInsuredGoods,theSumsInsuredandanyExcesspayable.

Sendings meansthegrossvalueofinsuredGoodsreceived,consigned,transferredorotherwisemovedduringthePeriodofInsurance.

Subject Matter InsuredasappearingintheInstituteClauseshasthesamemeaningasInsuredGoodsorGoods.

Sum InsuredtheamountstowhichOurliabilityislimitedbeingtheamountsstatedinthisPolicyortheScheduleforanyonelossorseriesoflossesarisingoutofthesameevent.

Terrorismmeansanyact(s)ofanyperson(s)ororganisation(s)involving:

• thecausing,occasioningorthreateningofharmofwhatevernatureandbywhatevermeans;

• puttingthepublicoranysectionofthepublicinfear,

incircumstancesinwhichitisreasonabletoconcludethatthepurpose(s)oftheperson(s)ororganisation(s)concernedarewhollyorpartlyofapolitical,religious,ideologicalorsimilarnature.

Terrorismshallalsoincludestepstakentoprevent,suppress,controlorreducetheconsequencesofanyactual,attempted,anticipated,threatened,suspectedorperceivedterrorism.

Tools of TradeToolswhichenableYouorYouremployeestocarryoutYournormalbusinessoperation,butexcludingmobilephones,pagers,laptops/notebooks/handheldorotherpersonalcomputers,PersonalProperty,cashandcreditcards.

TransitmeansthevoyagesspecifiedinSections1or2.TheinsuredTransitsarethosespecifiedintheGeographicalLimitsandsetoutintheSchedulesubjecttoanyvoyagetradingrestrictionsapplicabletoexports.

Traveller’s SamplesPortions,piecesorsamplesofYourGoodscarriedbyYoursalesemployeesforthepurposeofdemonstrationtoprospectivecustomers.

TurnovermeansthegrossrevenueofYourbusinessduringthePeriodofInsurance.

Underwriter,Insurer,We,UsorOurmeanstheInsurerAllianzAustraliaInsuranceLimited(Allianz)AFSLicenceNo.234708ABN15000122850of2MarketStreet,SydneyNSW2000(theInsurerofYourPolicy),throughitsagentAllianzMarine&TransitUnderwritingAgencyPtyLimited.

War, Warlike Activitiesmeansinvasion,actofforeignenemy,hostilities(whetherWarisdeclaredornot),civilWar,rebellion,revolution,insurrectionorcivilstrifefollowinganyofthese.

Warranty(ies)meansYouwillundertakethatsomeparticularthingshallorshallnotbedoneorthatsomeconditionsshallbefulfilledorthatYouaffirmornegativetheexistenceofaparticularstateoffacts.TheWarrantymaybeexpressorimplied.


Underwriter, Insurer, We, Us or Our means Allianz Australia Insurance L imited AFS Licence No. 234708 A.B.N. 15 000 122 850 (Allianz) of 2 Market Street, Sydney, NSW, 2000 (the Insurer of Your Policy), through its agent AM&T (Allianz Marine and Transit Underwriting Agency Pty Limited).


10

PremiummeansthePremiumspecifiedinthecurrentSchedule,anyEndorsementPremiumandanyadjustmentinaccordancewiththeGeneralCondition–DeclarationOfActualTurnoverorSendingsplusanyapplicableGovernmentcharges.

Proposal meanstheapplicationformcompletedbyYouorthequotationslipsubmittedonYourbehalfinwhichYouprovidedtheinformationuponwhichWereliedtoenterintothePolicy.

Salvagehastwomeaningssubjecttocontext,beingeither:

• whatisleftoftheGoodsorPersonalPropertyafterithassufferedlossorDamage;or

• thephysicalactofrecoveringGoodsorPropertywhichhasbeenlostorDamaged,butwhichhasresidualcommercialvalue.

SchedulemeansthemostrecentlydatedScheduleWehaveprovidedtoYouwhichspecifiesimportantinformationsuchasthePolicynumber,GeographicalLimits,thoseSectionsthatareinforce,thedetailsoftheInsuredGoods,theSumsInsuredandanyExcesspayable.

Sendings meansthegrossvalueofinsuredGoodsreceived,consigned,transferredorotherwisemovedduringthePeriodofInsurance.

Subject Matter InsuredasappearingintheInstituteClauseshasthesamemeaningasInsuredGoodsorGoods.

Sum InsuredtheamountstowhichOurliabilityislimitedbeingtheamountsstatedinthisPolicyortheScheduleforanyonelossorseriesoflossesarisingoutofthesameevent.

Terrorismmeansanyact(s)ofanyperson(s)ororganisation(s)involving:

• thecausing,occasioningorthreateningofharmofwhatevernatureandbywhatevermeans;

• puttingthepublicoranysectionofthepublicinfear,

incircumstancesinwhichitisreasonabletoconcludethatthepurpose(s)oftheperson(s)ororganisation(s)concernedarewhollyorpartlyofapolitical,religious,ideologicalorsimilarnature.

Terrorismshallalsoincludestepstakentoprevent,suppress,controlorreducetheconsequencesofanyactual,attempted,anticipated,threatened,suspectedorperceivedterrorism.

Tools of TradeToolswhichenableYouorYouremployeestocarryoutYournormalbusinessoperation,butexcludingmobilephones,pagers,laptops/notebooks/handheldorotherpersonalcomputers,PersonalProperty,cashandcreditcards.

TransitmeansthevoyagesspecifiedinSections1or2.TheinsuredTransitsarethosespecifiedintheGeographicalLimitsandsetoutintheSchedulesubjecttoanyvoyagetradingrestrictionsapplicabletoexports.

Traveller’s SamplesPortions,piecesorsamplesofYourGoodscarriedbyYoursalesemployeesforthepurposeofdemonstrationtoprospectivecustomers.

TurnovermeansthegrossrevenueofYourbusinessduringthePeriodofInsurance.

Underwriter,Insurer,We,UsorOurmeanstheInsurerAllianzAustraliaInsuranceLimited(Allianz)AFSLicenceNo.234708ABN15000122850of2MarketStreet,SydneyNSW2000(theInsurerofYourPolicy),throughitsagentAllianzMarine&TransitUnderwritingAgencyPtyLimited.

War, Warlike Activitiesmeansinvasion,actofforeignenemy,hostilities(whetherWarisdeclaredornot),civilWar,rebellion,revolution,insurrectionorcivilstrifefollowinganyofthese.

Warranty(ies)meansYouwillundertakethatsomeparticularthingshallorshallnotbedoneorthatsomeconditionsshallbefulfilledorthatYouaffirmornegativetheexistenceofaparticularstateoffacts.TheWarrantymaybeexpressorimplied.


11

dockimmediatelyadjacenttotheConveyance,orareparkedinthepremisesorintheloadingdock,providedthisiswithin200metresofYourConveyingVehicleandthevehicleisdrivenfromtheConveyingVehicleintotheloadingdockorpremisesimmediatelyaspartoftheunloadingprocess.

Additional Transit provisions (all Goods)

ThefollowingprovisionsapplytoalltypesofGoodsprovidedthattheGoodsremainwithintheGeographicalLimitsexpressedinthePolicySchedule:

• Incidental Storage: TransitcontinuesduringstorageincidentaltotransitwhichhasnotbeenrequestedbyYouorthepurchaser/selleroftheGoods,butisnecessarysolelyforthepurposesofnormaltranshipment,handling,agistment(ofLivestock)orloadconsolidation/deconsolidation.InthecaseofLivestockduringlonghaulmovements,Transitcontinuesforupto7daysduringnecessarytemporaryresting/spelling.

• Reconsigned/Reshipped Goods:TransitisdeemedtocontinuewheretheGoodsarereconsignedorreshippeddirectfromawharforairportattheintendeddestinationtoanotherdestinationwithintheGeographicalLimitsspecifiedinthePolicySchedule,untilarrivalatthefinaldestination.

• Shut Out Clause:TheTransitisdeemedtoincludeperiodswhentheinsuredGoodsare“shutout”awaitingtransfertoanotherConveyanceafterTransithascommencedwherethisisoutsideYourcontrol.

• Overcarried Clause: TheTransitcontinuesintheeventthatGoodsare“overcarried”untiltheirdeliverytotheintendeddestination.

Insured EventsSubjecttotheConditionsOfCoverspecifiedintheScheduleandexclusionsofthisPolicy,thisinsurancecoversuptotheSumInsuredlossofordamagetotheGoodswhilstinTransitduringthePeriodofInsurancecausedbyeitherOptionAorOptionBasselectedbyYouandasspecifiedintheSchedule.

Option A – Accidental Damage

General GoodsLossofordamagetotheinsuredGoodscausedby:

• anyAccident;

• insufficiencyofpackagingorpreparationoftheInsuredGoods(whereapplicable)which:

(i) wascarriedoutbyapartyotherthanYouandoccurredentirelywithoutYourprivityorknowledge;or

Section 1 – Transits within AustraliaWewillindemnifyYouforlossofordamagetotheGoodsdescribedintheSchedulewhilstinTransitwithintheGeographicalLimitsspecifiedintheSchedulecausedbyanInsuredEventoccurringduringTransitandduringthePeriodofInsurance.

The TransitGeneral Goods/Temperature controlled Goods

EachinsuredTransitcommenceswhentheinsuredGoodsarefirstmovedinsidethewarehouse/premisesorplaceofstorageforthespecificpurposeofloadingontothe

ConveyingVehiclefortransporttoadestinationoutsidethepremisesatwhichloadingtakesplace,continuesduringtheordinarycourseoftransitandterminateswhen:

• theinsuredGoodsarelastmovedwhenbeingdeliveredtotheintendeddestinationorsuchotherplaceasYoumayinstruct;or

• thenormalcourseoftransportisinterruptedatYour(ortheseller/purchaser’s)electionforthepurposesofstorage,allocationordistribution.

TheinsuredTransitincludesanyTransittoorfromandwhiletheinsuredGoodsareatanypremisesforthepurposeofpackingorpreparationforshipmentforaperiodofuptoonemonthpriortoshipment.

TheinsuredTransitexcludesanyperiodofdismantling,erection,commissioningorinstallationpriortoorpostTransitasdefinedabove,unlessotherwiseagreedbyUsandspecifiedinthePolicySchedule.

Livestock

TheinsuredTransitcommencesforeachanimalwhenitenterstheConveyingVehicleoritsloadingramp,continuesduringtheordinarycourseofTransitandterminatesforeachanimalwhenitexitstheConveyanceoritsloadingrampattheintendeddestinationorsuchotherplaceasYoumayinstruct.

Motor vehicles

TheinsuredTransitcommenceswhenthewheelsortracksofeachmotorvehicle(s)beingtransportedasGoodsfirstmoveforthepurposesofbeingdrivenontotheloadingrampsoftheConveyingVehiclefromthegroundorloadingdockadjacenttotheConveyingVehicleorfromthepointwherethevehicleiscurrentlyparkedprovidedthatthedistancedriventotheConveyingVehicledoesnotexceed200metres.Coverterminateswhenthewheelsortracksofeachmotorvehicle(s)beingtransportedasGoodsaredrivenofftheConveyanceandareontheroadorloading


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(ii) wherecarriedoutbyYoubutYoucandemonstratethattherewasnolackofDueCareonYourpartandYouwereunawarethatthepackagingwasinsufficientinnature;

• DeliberateThirdPartyActs.

WheretheGoodsaretransportedbysea,Wewillalsocover(uptotheSumInsuredspecifiedintheSchedule):

• anyGeneralAverageand/orSalvagecontributionYouarerequiredtopay;

• therisksofjettison,washingoverboardandlossordamagecausedbyaGeneralAveragesacrifice.

Refrigerated, temperature controlled, chilled, or perishable GoodsLossofordamagetotheInsuredGoodscausedby:

• anyAccident;

• insufficiencyofpackagingorpreparationoftheInsuredGoodswhich:


(i) wascarriedoutbyYoubutYoucandemonstratethattherewasnolackofDueCareonYourpartandYouwereunawarethatthepackagingwasinsufficientinnature;

• DeliberateThirdPartyActs;

butexcludingdeteriorationofGoodsduetovariationintemperature,exceptwherethisresultsfromvariationintemperaturebeloworabovethedocumentedrequiredrangefortransportationoftheGoodsforaperiodinexcessof4hoursorotherwisestatedintheSchedule,causedby:

• accidentalfailure,breakdown,stoppageormalfunctionoftherefrigeratingmachinerywhichresultsin:

(i) itsfailuretodeliverairatthepresettemperature;or

(ii) itbeingunabletoperformitsnormalrefrigerationcycle;

• mismanagementoftherefrigeratingmachinerybythetransportoperator/carrier,includingselectionofincorrecttemperatureorfailuretoturnonpower;or

• disruptionoftheairflowwithinthecarryingvehiclesorcontainercausedbymismanagementoftheinteriorbulkheadsbythetransportoperator/carrier.

WheretherefrigeratedGoodsaretransportedbysea,Wewillalsocover(uptotheSumInsuredspecifiedintheSchedule):



IntheeventthatYoutransportYourowntemperaturecontrolledGoods,WewillnotcoverYouwherethelossiscausedbyYourerror/omissionorwhereYoudonotproperlymaintainYourrefrigerationmachinery.IfrequiredbyUsYouwillneedtoprovideevidencethattherefrigerationmachineryhasbeenproperlymaintained.

LivestockIftheInsuredGoodsareLivestock,WewillcoverYouforAccidentalloss,orDeliberateThirdPartyActwhichresultsin:

• injury,deathordestruction;or

• wanderingoffoftheLivestockwheretheLivestockareunabletobemusteredorrecovered.

WheretheLivestockaretransportedbysea,Wewillalsocover(uptotheSumInsuredspecifiedintheSchedule):


• dischargeataportofdistress;


CoverincludesslaughterforhumanereasonswherenecessaryduetoanInsuredEvent.

All GoodsSubjecttotheConditionsofCoverspecifiedintheScheduleandexclusionsofthisPolicy,inadditionthisinsurancecoverslossofordamagetotheGoodsduringTransitcausedby:

• strikers,locked-outworkersorpersonstakingpartinlabourdisturbances,riotsorcivilcommotions;

• anyterroristoranypersonactingfromapoliticalmotiveinaccordancewiththeTransitandTerrorismClauseformingpartofthisPolicy(page24).

IftheTransitisbyseaorair,thisPolicyfurthercoverslossordamagetotheGoods,causedbyWarorWarlikeActivitieswhilsttheGoodsareonboardtheConveyance.

Option B – Specified Perils

LossofordamagetotheInsuredGoodscausedby:

• fire,Flood,lightning,hail,windstorm,tornadoorcyclone,orexplosion;

• collisionoftheConveyingVehiclewithanyexternalobjectotherthantheroad,gutter,curborunevenroadsurface;

• collapseofbridgesorculverts;

• impactoftheInsuredGoodswithsomethingnotonorpartoftheConveyingVehicleotherthantheroadorground;


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ThedefinitionofGoodsisextendedtoincludeYourstands,fixtures,fittingsandexhibitionequipmentwhereapplicable.

IntheeventthatYouorYouremployeesareobligedtostayovernightatahotel/motelinconnectionwiththeExhibitionorDemonstration,theGoodsremaincoveredprovidedthatthevehicleinwhichtheGoodsarestoredislockedandparkedwithinthehotel/motelcomplexandnotonthestreet.

Livestock – Agistment

ThisPolicycoversallreasonablecostsandexpensesnecessarilyincurredinmaintainingtheLivestockatagistmentwhencausedbyanInsuredEvent.ThemaximumamountWewillpayislimitedto$1000peranimaland$25,000intheaggregateforanyonelossorseriesoflossescausedbytheoneInsuredEvent,orasotherwisespecifiedintheSchedule,inadditiontotheSumInsured.

Livestock – Mustering costs

ThisPolicycoversallreasonablecostsandexpensesnecessarilyincurredformusteringoftheLivestockatthesceneoftheaccidentwhencausedbyanInsuredEvent.ThemaximumamountWewillpayislimitedto$1000peranimaland$25,000intheaggregateforanyonelossorseriesoflossescausedbytheoneevent,orasspecifiedinthePolicySchedule,wheredifferent,inadditiontotheSumInsured.

Livestock – “Wandering off”

ThisPolicycoverslossofLivestockduetowanderingfromthesceneoftheaccidentcausedbyanInsuredEvent.ThemaximumamountWewillpayislimitedto$1000peranimaland$25,000intheaggregateforanyonelossorseriesoflossescausedbytheoneevent,orasspecifiedinthePolicySchedule,wheredifferent,inadditiontotheSumInsured.

On-forwarding

IfWepayaclaimunderthisPolicyforlossordamagetotheInsuredGoodsWewill,inadditiontotheSumInsured,payanyextracostsreasonablyincurredtodelivertheInsuredGoodstotheirintendeddestination,orplacefromwhichtheyweredispatched,butinnocasewillOurliabilitybemorethantheSumInsuredoftheInsuredGoods.

Traveller’s Samples

ThisPolicycoversTraveller’sSamplesownedbyYouonthebasisofthecoverselectedbyYoufortheprimaryInsuredGoodsunderthisPolicy,uptoalimitof$10,000anyoneclaimorseriesofclaimsarisingfromoneInsuredEventorasspecifiedinthePolicySchedule,wheredifferent.

• jack-knifing,overturningorderailmentoftheConveyingVehicle;

• sinking,capsizingorstrandingofanyvesselcarryingtheInsuredGoods;

• crashingorforcedlandingofanyaircraft(includinganaircraftusedtotransporttheGoods);

• theftofInsuredGoodsfromtheConveyingVehiclefollowingforcibleandviolententry,pilferageornon-delivery;

• DeliberateThirdPartyAct;

• strikers,lockedoutworkersorpersonstakingpartinlabourdisturbances,riotsorcivilcommotions;

• anyterroristoranypersonactingfromapoliticalmotiveinaccordancewiththeTransitAndTerrorismClauseformingpartofthisPolicy(page24).


Iftransportedbysea,Wewillalsocover(uptotheSumInsuredspecifiedintheSchedule):

• stranding,sinking,burning,groundingorcollisionofthevesselwithanyobjectotherthanwater;



• risksofjettison,washingoverboardandlossordamagecausedbyaGeneralAveragesacrifice.

Fortemperaturecontrolled,chilled,perishableorrefrigeratedGoods,coverincludesdeteriorationofsuchGoodsfollowinganInsuredEvent.

ForLivestock,coverincludesdeathordestructioncausedbyanInsuredEvent.WewillalsopayforslaughterofLivestockforhumanereasonswherenecessaryduetoanInsuredEvent.

Additional benefits applicable only to Section 1Exhibition/Demonstration

ThisPolicywillalsocoverYourInsuredGoodswhileinTransittoorfromanyexhibitionordisplay(otherthanatYourownpremises)withintheGeographicalLimitsspecifiedintheScheduleandfurtherextendstoincludewhiletheInsuredGoodsareattheexhibitionordisplaytoalimitof$100,000foraperiodofupto21daysanyoneexhibitionordisplay,orasotherwisespecifiedinthePolicySchedule.


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(ii) wherecarriedoutbyYoubutYoucandemonstratethattherewasnolackofDueCareonYourpartandYouwereunawarethatthepackagingwasinsufficientinnature;

• DeliberateThirdPartyActs.

WheretheGoodsaretransportedbysea,Wewillalsocover(uptotheSumInsuredspecifiedintheSchedule):



Refrigerated, temperature controlled, chilled, or perishable GoodsLossofordamagetotheInsuredGoodscausedby:

• anyAccident;

• insufficiencyofpackagingorpreparationoftheInsuredGoodswhich:


(i) wascarriedoutbyYoubutYoucandemonstratethattherewasnolackofDueCareonYourpartandYouwereunawarethatthepackagingwasinsufficientinnature;

• DeliberateThirdPartyActs;

butexcludingdeteriorationofGoodsduetovariationintemperature,exceptwherethisresultsfromvariationintemperaturebeloworabovethedocumentedrequiredrangefortransportationoftheGoodsforaperiodinexcessof4hoursorotherwisestatedintheSchedule,causedby:

• accidentalfailure,breakdown,stoppageormalfunctionoftherefrigeratingmachinerywhichresultsin:

(i) itsfailuretodeliverairatthepresettemperature;or

(ii) itbeingunabletoperformitsnormalrefrigerationcycle;

• mismanagementoftherefrigeratingmachinerybythetransportoperator/carrier,includingselectionofincorrecttemperatureorfailuretoturnonpower;or

• disruptionoftheairflowwithinthecarryingvehiclesorcontainercausedbymismanagementoftheinteriorbulkheadsbythetransportoperator/carrier.

WheretherefrigeratedGoodsaretransportedbysea,Wewillalsocover(uptotheSumInsuredspecifiedintheSchedule):



IntheeventthatYoutransportYourowntemperaturecontrolledGoods,WewillnotcoverYouwherethelossiscausedbyYourerror/omissionorwhereYoudonotproperlymaintainYourrefrigerationmachinery.IfrequiredbyUsYouwillneedtoprovideevidencethattherefrigerationmachineryhasbeenproperlymaintained.

LivestockIftheInsuredGoodsareLivestock,WewillcoverYouforAccidentalloss,orDeliberateThirdPartyActwhichresultsin:

• injury,deathordestruction;or

• wanderingoffoftheLivestockwheretheLivestockareunabletobemusteredorrecovered.

WheretheLivestockaretransportedbysea,Wewillalsocover(uptotheSumInsuredspecifiedintheSchedule):




CoverincludesslaughterforhumanereasonswherenecessaryduetoanInsuredEvent.

All GoodsSubjecttotheConditionsofCoverspecifiedintheScheduleandexclusionsofthisPolicy,inadditionthisinsurancecoverslossofordamagetotheGoodsduringTransitcausedby:

• strikers,locked-outworkersorpersonstakingpartinlabourdisturbances,riotsorcivilcommotions;

• anyterroristoranypersonactingfromapoliticalmotiveinaccordancewiththeTransitandTerrorismClauseformingpartofthisPolicy(page24).


Option B – Specified Perils

LossofordamagetotheInsuredGoodscausedby:

• fire,Flood,lightning,hail,windstorm,tornadoorcyclone,orexplosion;

• collisionoftheConveyingVehiclewithanyexternalobjectotherthantheroad,gutter,curborunevenroadsurface;

• collapseofbridgesorculverts;

• impactoftheInsuredGoodswithsomethingnotonorpartoftheConveyingVehicleotherthantheroadorground;


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ThedefinitionofGoodsisextendedtoincludeYourstands,fixtures,fittingsandexhibitionequipmentwhereapplicable.

IntheeventthatYouorYouremployeesareobligedtostayovernightatahotel/motelinconnectionwiththeExhibitionorDemonstration,theGoodsremaincoveredprovidedthatthevehicleinwhichtheGoodsarestoredislockedandparkedwithinthehotel/motelcomplexandnotonthestreet.

Livestock – Agistment

ThisPolicycoversallreasonablecostsandexpensesnecessarilyincurredinmaintainingtheLivestockatagistmentwhencausedbyanInsuredEvent.ThemaximumamountWewillpayislimitedto$1000peranimaland$25,000intheaggregateforanyonelossorseriesoflossescausedbytheoneInsuredEvent,orasotherwisespecifiedintheSchedule,inadditiontotheSumInsured.

Livestock – Mustering costs

ThisPolicycoversallreasonablecostsandexpensesnecessarilyincurredformusteringoftheLivestockatthesceneoftheaccidentwhencausedbyanInsuredEvent.ThemaximumamountWewillpayislimitedto$1000peranimaland$25,000intheaggregateforanyonelossorseriesoflossescausedbytheoneevent,orasspecifiedinthePolicySchedule,wheredifferent,inadditiontotheSumInsured.

Livestock – “Wandering off”

ThisPolicycoverslossofLivestockduetowanderingfromthesceneoftheaccidentcausedbyanInsuredEvent.ThemaximumamountWewillpayislimitedto$1000peranimaland$25,000intheaggregateforanyonelossorseriesoflossescausedbytheoneevent,orasspecifiedinthePolicySchedule,wheredifferent,inadditiontotheSumInsured.

On-forwarding

IfWepayaclaimunderthisPolicyforlossordamagetotheInsuredGoodsWewill,inadditiontotheSumInsured,payanyextracostsreasonablyincurredtodelivertheInsuredGoodstotheirintendeddestination,orplacefromwhichtheyweredispatched,butinnocasewillOurliabilitybemorethantheSumInsuredoftheInsuredGoods.

Traveller’s Samples

ThisPolicycoversTraveller’sSamplesownedbyYouonthebasisofthecoverselectedbyYoufortheprimaryInsuredGoodsunderthisPolicy,uptoalimitof$10,000anyoneclaimorseriesofclaimsarisingfromoneInsuredEventorasspecifiedinthePolicySchedule,wheredifferent.

• jack-knifing,overturningorderailmentoftheConveyingVehicle;

• sinking,capsizingorstrandingofanyvesselcarryingtheInsuredGoods;

• crashingorforcedlandingofanyaircraft(includinganaircraftusedtotransporttheGoods);

• theftofInsuredGoodsfromtheConveyingVehiclefollowingforcibleandviolententry,pilferageornon-delivery;

• DeliberateThirdPartyAct;

• strikers,lockedoutworkersorpersonstakingpartinlabourdisturbances,riotsorcivilcommotions;

• anyterroristoranypersonactingfromapoliticalmotiveinaccordancewiththeTransitAndTerrorismClauseformingpartofthisPolicy(page24).


Iftransportedbysea,Wewillalsocover(uptotheSumInsuredspecifiedintheSchedule):

• stranding,sinking,burning,groundingorcollisionofthevesselwithanyobjectotherthanwater;



• risksofjettison,washingoverboardandlossordamagecausedbyaGeneralAveragesacrifice.

Fortemperaturecontrolled,chilled,perishableorrefrigeratedGoods,coverincludesdeteriorationofsuchGoodsfollowinganInsuredEvent.

ForLivestock,coverincludesdeathordestructioncausedbyanInsuredEvent.WewillalsopayforslaughterofLivestockforhumanereasonswherenecessaryduetoanInsuredEvent.

Additional benefits applicable only to Section 1Exhibition/Demonstration

ThisPolicywillalsocoverYourInsuredGoodswhileinTransittoorfromanyexhibitionordisplay(otherthanatYourownpremises)withintheGeographicalLimitsspecifiedintheScheduleandfurtherextendstoincludewhiletheInsuredGoodsareattheexhibitionordisplaytoalimitof$100,000foraperiodofupto21daysanyoneexhibitionordisplay,orasotherwisespecifiedinthePolicySchedule.


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Inrespectoftheftormaliciousdamage:

• thevehicleand/orfixedcarryingcompartmentisofafullyencloseddesigncapableofbeingsecurelylockedatalltimes;and

• windows,doorsandopeningsofthevehicleorcarryingcompartmentaresecurelylockedwhenunattendedandanyalarmsfittedtothevehicleareactivated.

IntheeventoftheInsuredbeingobligedtostayovernightatahotel/motel,theGoodsremaincoveredprovidedthevehicleinwhichtheTravellersSamplesarestoredislockedandparkedwithinthehotel/motelcomplexandnotonthestreet.

Tools of Trade

ThisPolicycoversToolsofTradeownedbyYouorYouremployeesagainstlossofordamagecausedby:

• fire,Flood,collisionand/oroverturningoftheConveyingVehicle;

• theftorpilferageofthetoolsand/ortravellerssamplesfollowingforcibleentryintoasecurelylockedvehicleorfixedcarryingcompartmentor,followingtheftofthevehicle;

occurringwithintheGeographicalLimitsforSection1coveranduptoalimitof$10,000anyoneclaimorseriesofclaimsarisingfromoneInsuredEventorasspecifiedinthePolicySchedule,wheredifferent.

Providedthat:

• thevehicleand/orfixedcarryingcompartmentisofafullyencloseddesigncapableofbeingsecurelylockedatalltimes;and

• windows,doorsandopeningsofthevehicleorcarryingcompartmentaresecurelylockedwhenunattendedandanyalarmsfittedtothevehicleareactivated.

Your Employee’s Personal Property

ThisPolicyisextendedtocoverlossordamagetoPersonalPropertywhilstinTransitwhichisownedbyYouremployeedriversortravellingsalespersons,forwhichYouarelegallyresponsible,butexcludingthirdpartytransportoperators,causedbyoneoftheInsuredEventslistedinOptionB.ThisbenefitispayableinadditiontotheSumInsured,butlimitedto$2,000foranyonelossorseriesoflossesarisingoutoftheoneevent,orasspecifiedinthePolicySchedule,wheredifferent.

Section 1 exclusionsThisSectiondoesnotcoveranyloss,damage,liability,destruction,costorexpenseofanynaturewhatsoeverthatisdirectlyorindirectlycausedbyorcontributedtobyorarisingfromanyofthefollowing.

Insolvency

1. Insolvencyorfinancialdefaultofanyagentortransportservicesprovider,whereYouwereaware,orshouldhavebeenawareinthecourseofnormalbusinessactivities,ofthecircumstances.

Failure to take Due Care and/or deliberate damage

WheretheGoodsarebeingtransportedinYourownvehicle,lossordamagetoGoodscausedby:

2. TheftofInsuredGoodsiftheConveyingVehicle,premisesorbuildingisnotsecurelylockedwhenleftunattendedandanyalarmsarenotactivated.

3. Transportation:

• inanunsafeorunroadworthyvehicle;

• inquantitiesinexcessoftheweight,massordimensionspermittedfortheConveyingVehicledesignorLicenseorwheregreaterthanpermittedbylaw,regulation,permitoradvisorysign;

• byanemployeedriverwhereunlicensedorwheretheemployeedriver’sfacultieswereimpairedbydrugsoralcoholinexcessofthatpermittedbylaw;

unlessthecircumstancesdidnotcontributetothelossand/orYouwereunawareofthemandwouldintheordinarycourseofbusinesstheycouldnotbereasonablyknown,detectedandpreventedbyYou.

4. TransportationofdangerousGoodswhicharenotcarriedinaccordancewiththeprovisionsofthecurrentAustralianDangerousGoodsCode,regardlessofpackagesizeorquantity,andwhetherornotDangerousGoodshavebeenspecifiedintheSchedule.

5. ShiftingoftheGoodsorimproperstowageand/orrestraintoftheGoodsunlessYoucandemonstratethatYoucompliedwithallstatutoryrequirementsinrespectoftheload.

6. Othercargoleftinsideavehicleormachinewhichhasnotbeensuitablysecuredtopreventmovement.

Normal losses etc

LossordamagetoGoodsdueto:

7. Inherentvice(exceptforrefrigerated,temperaturecontrolledorperishableGoodsduetovariationintemperatureasprovidedinCoverA(wheretaken).

8. Moths,mould,mildew,insects,ratsorothervermin,ordinaryleakage,lossinweightorvolumeorwearandtearoftheGoods.


15

Section 2 – Imports to and exports from AustraliaWewillindemnifyYouforlossofordamagetotheGoodsasdescribedintheSchedulewhilstinTransitwithintheGeographicalLimitsspecifiedintheSchedulecausedbyanInsuredEventoccurringduringTransitandduringthePeriodofInsurance.

CoverisnotavailableforLivestockmovementsunderthisSection2.

The TransitThissectioncoversTransitswithintheGeographicLimitsandinaccordancewiththeTransitClausespecifiedintheapplicableInstituteClausesnotedintheSchedule,amendedasfollows:

General Goods/temperature controlled Goods

EachInsuredTransitcommenceswhentheInsuredGoodsarefirstmovedinsidethewarehouse/premisesorplaceofstorageforthespecificpurposeofloadingontotheConveyingVehiclefortransporttoadestinationoutsidethepremisesatwhichloadingtakesplacecontinuesduringtheordinarycourseofTransitasdefinedintheapplicableInstituteClausesandterminateswhen:

• theInsuredGoodsarelastmovedwhenbeingdeliveredtotheintendeddestinationorsuchotherplaceasYoumayinstruct;or


TheinsuredTransitincludesanytransittoorfromandwhiletheInsuredGoodsareatanypremisesforthepurposeofpackingorpreparationforshipmentforaperiodofuptoonemonthpriortoshipment.


Motor vehicles

TheinsuredTransitcommenceswhenthewheelsortracksofeachmotorvehicle(s)beingtransportedasGoodsfirstmoveforthepurposesofbeingdrivenontotheloadingrampsoftheConveyingVehiclefromthegroundorloadingdockadjacenttotheConveyingVehicleorfromthepointwherethevehicleiscurrentlyparkedprovidedthatthedistancedriventotheConveyingvehicledoesnotexceed200metres.Covercontinuesduringtheordinarycourse

Livestock

LossordamagetoLivestock:

9. Causedbyinnoculationoritsaftereffects,infectiousdiseases,abortionorlossordeathoffoetus.

10. Whicharenotingoodhealthandfitfortravelpriortoloading.

The General Exclusions applicable to both Sections on page 22 also apply to claims under this section.


15

Section 2 – Imports to and exports from AustraliaWewillindemnifyYouforlossofordamagetotheGoodsasdescribedintheSchedulewhilstinTransitwithintheGeographicalLimitsspecifiedintheSchedulecausedbyanInsuredEventoccurringduringTransitandduringthePeriodofInsurance.

CoverisnotavailableforLivestockmovementsunderthisSection2.

The TransitThissectioncoversTransitswithintheGeographicLimitsandinaccordancewiththeTransitClausespecifiedintheapplicableInstituteClausesnotedintheSchedule,amendedasfollows:

General Goods/temperature controlled Goods

EachInsuredTransitcommenceswhentheInsuredGoodsarefirstmovedinsidethewarehouse/premisesorplaceofstorageforthespecificpurposeofloadingontotheConveyingVehiclefortransporttoadestinationoutsidethepremisesatwhichloadingtakesplacecontinuesduringtheordinarycourseofTransitasdefinedintheapplicableInstituteClausesandterminateswhen:

• theInsuredGoodsarelastmovedwhenbeingdeliveredtotheintendeddestinationorsuchotherplaceasYoumayinstruct;or


TheinsuredTransitincludesanytransittoorfromandwhiletheInsuredGoodsareatanypremisesforthepurposeofpackingorpreparationforshipmentforaperiodofuptoonemonthpriortoshipment.


Motor vehicles

TheinsuredTransitcommenceswhenthewheelsortracksofeachmotorvehicle(s)beingtransportedasGoodsfirstmoveforthepurposesofbeingdrivenontotheloadingrampsoftheConveyingVehiclefromthegroundorloadingdockadjacenttotheConveyingVehicleorfromthepointwherethevehicleiscurrentlyparkedprovidedthatthedistancedriventotheConveyingvehicledoesnotexceed200metres.Covercontinuesduringtheordinarycourse

Livestock

LossordamagetoLivestock:

9. Causedbyinnoculationoritsaftereffects,infectiousdiseases,abortionorlossordeathoffoetus.

10. Whicharenotingoodhealthandfitfortravelpriortoloading.

The General Exclusions applicable to both Sections on page 22 also apply to claims under this section.


16

Additional benefits applicable only to this SectionBuyers Contingency (Difference in Conditions) Clause

Where:

• theInsuredGoodsarepurchasedonCIForsimilarterms;

• theinsuranceprovidedbythesupplierismorerestrictedthanthatprovidedunderthisPolicy;

• thedifferenceinconditionshasresultedfromfaultorneglectofthesellerratherthanasaresultofYourinstructions;and

• thisadditionalbenefithasnotbeendisclosedtotheselleroranythirdparty.

Weagreetopaythoselossesnotrecoverableundersuchotherinsurancecoveragearrangedbythesupplier,subjectto:

• thetermsandconditionsofthisPolicy;

• consignmentscomingwithinthetermsofthisextensionwillbevaluedanddeclaredinaccordancewiththePolicyconditions;

• Youprotectingand/orpursuingalllegallyenforceablemeansofrecoveryofthelossincludingthoseagainstYoursupplierandtheirinsurers.

InallsuchcasesWewillbesubrogatedtoallYourrightsandremediesundertheinsurancearrangedbythesupplierandYouagreetocooperateinallaspectsoftherecovery.

Certificates of Insurance/Letter of Credit Clause

WhereGoodsaresoldbyYou,YouareauthorisedtoissueandsignCertificatesofInsuranceinaformatagreedtoorprovidedbyUs,tocomplywithletterofcreditrequirementsstrictlyinconformitywiththeterms,conditionsandlimitsofthisPolicy.

IftheletterofcreditrequiresinsurancetermsdifferenttothecoverageunderYourPolicy,subjecttoYounotissuingCertificatesofInsurancewithgreatercoverthanprovidedinthePolicy,YouareauthorisedbyUstocomplywiththeletterofcreditrequirementandshowtheinsurancetermsexpressedintheLetterofCreditonYourCertificateofInsurance.

YouagreetoindemnifyUsforanyclaimwhichWeareobligatedtopaybecauseaCertificateofInsurancehasbeenissuedthatdidnotconformtotheterms,conditionsandlimitsofthisPolicy.

CopiesofCertificatesofInsurance(whenissued)aretobeforwardedtoUsassoonaspossibleafterdepartureoftheexportshipment.

ofTransitasdefinedintheapplicableInstituteClauses.Coverterminateswhenthewheelsortracksofeachmotorvehicle(s)beingtransportedasGoodsaredrivenofftheConveyanceandareontheroadorloadingdockimmediatelyadjacenttotheConveyance,orareparkedinthepremisesorintheloadingdock,providedthisiswithin200metresofYourConveyingVehicleandthevehicleisdrivenfromtheConveyingVehicleintotheloadingdockorpremisesimmediatelyaspartoftheunloadingprocess.

InallotherrespectstheterminationprovisionscontainedintheInstituteClausesshallapply.

Additional Transit provisions (All Goods)


• Incidental Storage:TransitcontinuesduringstorageincidentaltoTransitwhichhasnotbeenrequestedbyYouorthepurchaser/selleroftheGoods,butisnecessarysolelyforthepurposesofnormaltranshipment,handling,orloadconsolidation/deconsolidation.

• Reconsigned/Reshipped Goods: TransitisdeemedtocontinuewheretheGoodsarereconsignedorreshippeddirectfromawharforairportattheintendeddestinationtoanotherdestinationwithintheGeographicalLimitsspecifiedinthePolicySchedule,untilarrivalatthefinaldestination.

• Shut Out Clause: TheTransitisdeemedtoincludeperiodswhentheInsuredGoodsare“shutout”awaitingtransfertoanotherConveyanceafterTransithascommencedwherethisisoutsideYourcontrol.


Insured EventsSubjecttotheConditionsOfCoverspecifiedintheScheduleandexclusionsofthisPolicy,thisinsurancecoverslossofordamagetotheGoodsduringTransitaspertheInstituteClausesspecifiedintheSchedule.

Section 2 exclusionsExclusionsspecifictoSection2coverarelistedintheapplicableInstituteClausesnotedintheSchedule.

TheGeneralexclusionsapplicabletobothSectionsonpage22alsoapply.


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Additional benefits applicable only to this SectionBuyers Contingency (Difference in Conditions) Clause

Where:

• theInsuredGoodsarepurchasedonCIForsimilarterms;

• theinsuranceprovidedbythesupplierismorerestrictedthanthatprovidedunderthisPolicy;

• thedifferenceinconditionshasresultedfromfaultorneglectofthesellerratherthanasaresultofYourinstructions;and

• thisadditionalbenefithasnotbeendisclosedtotheselleroranythirdparty.

Weagreetopaythoselossesnotrecoverableundersuchotherinsurancecoveragearrangedbythesupplier,subjectto:

• thetermsandconditionsofthisPolicy;

• consignmentscomingwithinthetermsofthisextensionwillbevaluedanddeclaredinaccordancewiththePolicyconditions;

• Youprotectingand/orpursuingalllegallyenforceablemeansofrecoveryofthelossincludingthoseagainstYoursupplierandtheirinsurers.

InallsuchcasesWewillbesubrogatedtoallYourrightsandremediesundertheinsurancearrangedbythesupplierandYouagreetocooperateinallaspectsoftherecovery.

Certificates of Insurance/Letter of Credit Clause

WhereGoodsaresoldbyYou,YouareauthorisedtoissueandsignCertificatesofInsuranceinaformatagreedtoorprovidedbyUs,tocomplywithletterofcreditrequirementsstrictlyinconformitywiththeterms,conditionsandlimitsofthisPolicy.

IftheletterofcreditrequiresinsurancetermsdifferenttothecoverageunderYourPolicy,subjecttoYounotissuingCertificatesofInsurancewithgreatercoverthanprovidedinthePolicy,YouareauthorisedbyUstocomplywiththeletterofcreditrequirementandshowtheinsurancetermsexpressedintheLetterofCreditonYourCertificateofInsurance.

YouagreetoindemnifyUsforanyclaimwhichWeareobligatedtopaybecauseaCertificateofInsurancehasbeenissuedthatdidnotconformtotheterms,conditionsandlimitsofthisPolicy.

CopiesofCertificatesofInsurance(whenissued)aretobeforwardedtoUsassoonaspossibleafterdepartureoftheexportshipment.

ofTransitasdefinedintheapplicableInstituteClauses.Coverterminateswhenthewheelsortracksofeachmotorvehicle(s)beingtransportedasGoodsaredrivenofftheConveyanceandareontheroadorloadingdockimmediatelyadjacenttotheConveyance,orareparkedinthepremisesorintheloadingdock,providedthisiswithin200metresofYourConveyingVehicleandthevehicleisdrivenfromtheConveyingVehicleintotheloadingdockorpremisesimmediatelyaspartoftheunloadingprocess.

InallotherrespectstheterminationprovisionscontainedintheInstituteClausesshallapply.

Additional Transit provisions (All Goods)


• Incidental Storage:TransitcontinuesduringstorageincidentaltoTransitwhichhasnotbeenrequestedbyYouorthepurchaser/selleroftheGoods,butisnecessarysolelyforthepurposesofnormaltranshipment,handling,orloadconsolidation/deconsolidation.

• Reconsigned/Reshipped Goods: TransitisdeemedtocontinuewheretheGoodsarereconsignedorreshippeddirectfromawharforairportattheintendeddestinationtoanotherdestinationwithintheGeographicalLimitsspecifiedinthePolicySchedule,untilarrivalatthefinaldestination.

• Shut Out Clause: TheTransitisdeemedtoincludeperiodswhentheInsuredGoodsare“shutout”awaitingtransfertoanotherConveyanceafterTransithascommencedwherethisisoutsideYourcontrol.


Insured EventsSubjecttotheConditionsOfCoverspecifiedintheScheduleandexclusionsofthisPolicy,thisinsurancecoverslossofordamagetotheGoodsduringTransitaspertheInstituteClausesspecifiedintheSchedule.

Section 2 exclusionsExclusionsspecifictoSection2coverarelistedintheapplicableInstituteClausesnotedintheSchedule.

TheGeneralexclusionsapplicabletobothSectionsonpage22alsoapply.


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BenefitunderthisclauseissubjecttoYouagreeingtoassistUsinallrespectstopursuerightsofrecoveryagainstsellersand/orotherresponsiblethirdparties.

Sellers Interest Clause

Where,underacontractofsale,Youdonothaveresponsibilitytoarrangeinsurance,WewillinsuretheGoodsinrespectofYourcontingentinterest:

• wheretitletotheGoodsrevertstoYoubecausethebuyerdefaultsonpaymentfortheGoodsorrejectstheGoods;

• whereYouexercisearightorlientointerrupttheTransitand/orsuspendthecontractofsaletoprotectYourinterests;

butexcluding:

• lossesrecoverablefromcreditinsurers;and

• lossesorcircumstancesarisingfromgovernmentactionand/orregulationspreventingtransferofcurrency;

subjecttothesameconditionsandrestrictionsforanyotherGoodsinsuredbythisPolicy.

Coverwillcontinueuntil:

• thebuyeracceptstheGoods;

• theGoodsaresoldtoanalternativebuyer;

• theGoodsarereturnedtoYou;or

• theexpiryofsixty(60)daysfromarrivaloftheoverseasvesselattheportofdischarge;

whicheverfirstoccurs.

CoverunderthisclauseissubjecttoYou:

• providingUswithimmediatenoticeofthecircumstances,whereapplicable;

• notrevealingtheexistenceofthiscovertoYourcustomer,theirinsurers,ortoanyotherpartyinterestedintheshipment;

• notassigningthisPolicyorofanyinterestorclaimhereunder;

• protectingand/orpursuingalllegallyenforceablemeansofenforcingthecontractofsaleand/orrecoveryofthelossincludingrightsYouhaveagainstYourbuyerandtheirinsurers.

InallsuchcasesWewillbesubrogatedtoallYourrightsandremediesagainstthebuyerandtheirinsurersandYouagreetocooperateinallaspectsoftherecovery.

WewillonlyprovidecovertotheextentthatYourbuyerfailstopayforsuchlostordamagedGoods.

Duty Clause

WherenotedintheBasisOfValuationintheSchedule,thisPolicyisextendedtoincludetheamountofanyimportdutyand/ortaxespaidorpayablebyYouinrespectofInsuredGoodsYouhaveimportedintoAustralia.

Noclaimisrecoverableunderthisclausearisingfrom:

• totallossoftheGoodsortotallossofpartthereofpriortothearrivalatdestination;

• GeneralAverage;

• inrespectofdutywaivedbyCustomsAuthoritiesatdestinationonshipmentsarrivingdamagedbyanInsuredEvent;

• incasewherenodutyorlandingchargesarepaid.

NothinginthisclauseshallincreasetheSumInsuredspecifiedintheSchedule.

FOB/CFR Pre-Shipment Clause

NotwithstandingthelegalownershipunderYourpurchasecontractinthecaseofshipmentsonFOB,CFRorsimilartermsofsale,itisagreedthatwhere:

• WeareunabletoestablishthepointduringtheTransitatwhichthelosseventtookplace;or

• whereYouareunabletoobtaincompensationfromthesellerorotherparties.

WewillindemnifyYouforlossordamagetotheGoodsasifWehadinsuredtheGoodsonthesametermsandconditionsasthisPolicyfromthetimeofdeparturefromtheseller’swarehouseorpremises,providedthat:

• Youuseallreasonablemeasurestoattempttorecoverthelossfromtheseller;

• intheeventofaclaimbeingpaid,WearesubrogatedtoorassignedanyrightofrecoverytheremaybeunderanyotherPolicycoveringtheGoodspriortoshipment;and

• Youdonotdisclosetheexistenceofthisclausetotheselleroranyotherinterestedparty.

Insufficiency of Packing Clause

UnlessYouhaveselectedarestrictedperilscover,forexampleInstituteCargoClauses(B)orInstituteCargoClauses(C),wherethisadditionalbenefitwillnotapply,theinsufficiencyorunsuitabilityofpackingorpreparationexclusionclausewhereappearingintheInstituteClausesformingpartofthisPolicywillnotapplywherethepackingorpreparationwascarriedoutbyapartyotherthanYouandtheinsufficiencyorunsuitabilityaroseentirelywithoutYourprivityorknowledge.


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Conditions common to Sections 1 and 2How much We will payClaimsunderSection1and2aresubjecttotheapplicationofAverageorCoinsuranceunlessspecificallynotedotherwise.

AtOuroptionWewillpayYou,repairersorotherparties:

• theinvoicevaluecoveringtheGoods;or

• ifthereisnoinvoicevalue,atOuroptioneither:

(i) thecostofreplacingtheInsuredGoodswithsimilarGoodsofthesameageandconditionorasnearaspossibletothatageandcondition;or

(i) theactualmarketvalueoftheGoods.

• fordamagedGoods:thecostofrepairingorreinstatingtheInsuredGoodstoaconditionequaltobutnobetterormoreextensivethanitsconditionimmediatelypriortothelossordamage(includingthereasonablecostofanynecessaryovertime).However,undernocircumstancesdoWecoverYouforanyreductioninthevalueofGoodsbecauseofrepairs.

IntheeventofclaimunderthePolicywhereYouareauthorisedbyUstocarryoutrepairstotheInsuredGoods,itisagreedthatsuchrepaircostsshallbebasedonYournormalcommercialratewhichincludesYournormalelementofprofit.

Thefollowingexceptionsapplytotheaboveprovisions:

• Livestock:theinvoicevaluecoveringtheLivestockwhilstinTransit,or,ifthereisnoinvoicevalue,thecostofreplacingtheLivestockwithsimilarLivestockofthesameage,breedandconditionorascloseaspossibletotheage,breedandconditionoftheoriginalLivestock,notexceedingtheSumInsuredexpressedintheSchedule.

• WheretheGoodscarriedareartwork, paintings, pictures, statues or antiques,thereasonablecostofrepairsuptotheSumInsuredoftheparticularitemexcludinganydepreciationorreducedmarketvalueconsequentontherepairs.ThemarketvalueoftheGoodswillbeassessedwithreferencetoanindependentandqualifiedvaluer.

• Fornew machinery,thecostofreplacementorrepairofthepartorpartsplusanyadditionalchargesforforwardingandrefitting.

• Forused machinery:intheeventofaTotalorConstructiveTotalLoss:

(i) forsales/purchases–thepurchaseorsaleprice(invoiceprice)plusfreightandincidentaltransportcharges;

Unseaworthiness and Unfitness Exclusion Modification Clause

Theunseaworthinessandunfitnessexclusionclausewhereappearingunder‘Exclusions’intheInstituteClausesformingpartofthisPolicyisdeletedandreplacedbythefollowing:

InnocaseshallthisPolicycoverloss,damageorexpensecausedbythefollowing:

• unseaworthinessofvesselorcraftorunfitnessofvessel,craftoraircraftforthesafecarriageoftheGoods,whereYouareawareoftheunseaworthinessorunfitnessatthetimetheGoodsareloaded;

• unfitnessofcontainerorConveyanceforthesafecarriageoftheGoodswhereloadingiscarriedoutbyYouorYouremployees.

However,thefirstexclusionabovewillnotapplywherethecoverprovidedbythisPolicyhasbeenassignedtothepartyclaimingunderitwhohasbroughtoragreedtobuytheGoodsingoodfaithunderabindingcontract.WewaiveanybreachoftheimpliedWarrantiesofseaworthinessofthevesselandfitnessofthevesseloraircrafttocarrytheGoodstodestination.


18

Conditions common to Sections 1 and 2How much We will payClaimsunderSection1and2aresubjecttotheapplicationofAverageorCoinsuranceunlessspecificallynotedotherwise.

AtOuroptionWewillpayYou,repairersorotherparties:

• theinvoicevaluecoveringtheGoods;or

• ifthereisnoinvoicevalue,atOuroptioneither:

(i) thecostofreplacingtheInsuredGoodswithsimilarGoodsofthesameageandconditionorasnearaspossibletothatageandcondition;or

(i) theactualmarketvalueoftheGoods.

• fordamagedGoods:thecostofrepairingorreinstatingtheInsuredGoodstoaconditionequaltobutnobetterormoreextensivethanitsconditionimmediatelypriortothelossordamage(includingthereasonablecostofanynecessaryovertime).However,undernocircumstancesdoWecoverYouforanyreductioninthevalueofGoodsbecauseofrepairs.

IntheeventofclaimunderthePolicywhereYouareauthorisedbyUstocarryoutrepairstotheInsuredGoods,itisagreedthatsuchrepaircostsshallbebasedonYournormalcommercialratewhichincludesYournormalelementofprofit.

Thefollowingexceptionsapplytotheaboveprovisions:

• Livestock:theinvoicevaluecoveringtheLivestockwhilstinTransit,or,ifthereisnoinvoicevalue,thecostofreplacingtheLivestockwithsimilarLivestockofthesameage,breedandconditionorascloseaspossibletotheage,breedandconditionoftheoriginalLivestock,notexceedingtheSumInsuredexpressedintheSchedule.

• WheretheGoodscarriedareartwork, paintings, pictures, statues or antiques,thereasonablecostofrepairsuptotheSumInsuredoftheparticularitemexcludinganydepreciationorreducedmarketvalueconsequentontherepairs.ThemarketvalueoftheGoodswillbeassessedwithreferencetoanindependentandqualifiedvaluer.

• Fornew machinery,thecostofreplacementorrepairofthepartorpartsplusanyadditionalchargesforforwardingandrefitting.

• Forused machinery:intheeventofaTotalorConstructiveTotalLoss:

(i) forsales/purchases–thepurchaseorsaleprice(invoiceprice)plusfreightandincidentaltransportcharges;

Unseaworthiness and Unfitness Exclusion Modification Clause

Theunseaworthinessandunfitnessexclusionclausewhereappearingunder‘Exclusions’intheInstituteClausesformingpartofthisPolicyisdeletedandreplacedbythefollowing:

InnocaseshallthisPolicycoverloss,damageorexpensecausedbythefollowing:

• unseaworthinessofvesselorcraftorunfitnessofvessel,craftoraircraftforthesafecarriageoftheGoods,whereYouareawareoftheunseaworthinessorunfitnessatthetimetheGoodsareloaded;

• unfitnessofcontainerorConveyanceforthesafecarriageoftheGoodswhereloadingiscarriedoutbyYouorYouremployees.

However,thefirstexclusionabovewillnotapplywherethecoverprovidedbythisPolicyhasbeenassignedtothepartyclaimingunderitwhohasbroughtoragreedtobuytheGoodsingoodfaithunderabindingcontract.WewaiveanybreachoftheimpliedWarrantiesofseaworthinessofthevesselandfitnessofthevesseloraircrafttocarrytheGoodstodestination.


19

SumInsuredspecifiedintheScheduleeachandeverylossoroccurrenceorseriesoflossesoroccurrencesarisingoutofthesameevent.

Acquired Companies Clause

WewillprovidecoverunderthisPolicyforanycompany,subsidiarycompanyorfirmthatisformed,purchasedorotherwiseacquiredbyYouduringthePeriodofInsurance,providedalwaysthatYou:

• holdacontrollinginterestinthecompany,subsidiarycompanyorfirmorhaveagreedtoacceptresponsibilityforinsuranceofsuchcompany,subsidiarycompanyorfirm;and

• adviseUsofYourinterestinthecompany,subsidiarycompanyorfirmwithinsixty(60)daysfromthedateofsigningoftheinstrumentbywhichYouacquiredsuchcompany,subsidiarycompanyorfirm,orfromthedateofformationofsuchcompany,subsidiarycompanyorfirm,whicheverthecasemaybe;and

• declaretoUstheSendingsorTurnover,typeofGoodstobeinsured,pastlossesandthenagreetoanyadditionalconditionsrequiredbyUsandpayanyadditionalPremiumsrequiredbyUstobepaid.

Assignment

Forshipmentsinvolvingimportsand/orexports(Section2),Youoranyassigneearepermittedtotransfertheinsurancetoanotherpersonand/orentityaspartofthesaleandinaccordancewithcustomarytradepractices.

ForTransitscommencingandterminatingwithinAustralia(Section1),YoumayonlytransferarightunderthisPolicywithOurwrittenconsent.

Automatic Reinstatement Clause

WhenWepayaclaimunderthisPolicy,theSumInsuredwillbeautomaticallyreinstatedwithoutanadditionalPremiumbeingpayable.

Brands Clause

WewillnotsellordisposeofSalvagedGoodswhich:

• bearpermanentmarkingsidentifyingYouasthemanufacturer;or

• havebeenmanufacturedusingexclusiveand/orsecretformulas;

withoutYourconsent.

WhereYoudonotgiveYourconsent,YoumayretaintheGoodsprovidedthatareasonableallowanceforSalvageisagreedanddeductedfromtheclaimsettlement.

Ifamutualallowancecannotbeagreedon,thevalueoftheGoodsdamagedshallbeestablishedbyallowingtheGoodstosoldatapublicauctionwhereYouhavetherighttoacceptorrefusethehighestbidoffered.

(ii) forstocktransfersandothermovementsnotinvolvingasale/purchasetoevidencethevalueofthemachine:

– whereasecondhandmarketforthegoodsexists–marketvalueatthetimeofthelossplusfreightandincidentaltransportcharges

– forspecialisedmachinerywherethereisnosecondhandmarket–thewrittendownassetvalueasevidencedbytheclaimant’saccountingrecords,orthenewreplacementvaluebasedontheclosestavailableequivalentmachineofsimilartechnicalspecificationslessagreeddepreciationbasedontheageandconditionoftheinsuredmachineryatthetimeoftheloss,plusfreightandincidentaltransportcharges.

Theamountpayableintheeventofapartiallosswillnotexceedthecostofrepairingandreinstatingtheitemtoaconditionequaltobutnotbetterormoreextensivethanitspre-losscondition,andinanyeventnotexceedingtheabove.

• Packaging/shipping containers: thecostofrepairorreplacement(asrequiredbythehandoveragreementorsimilardocument)butnotexceedingtheinsuredsub-limitexpressedinthisPolicyortheSchedulewheredifferent.

• Intheeventoflossaffectinglabelsonly,theamountrecoverableislimitedtothecostofnewlabels,reconditioningandrelabellingtheGoods.

• Pairs and Sets Clause:Intheeventoflossofordamagetoanarticleformingpartofapairorsetnoregardshallbemadetothevaluesucharticle(s)mayhavetothepairorsetandtheamountrecoverableunderthisPolicyshallbecalculatedasaproportionatepartoftheinsuredvalueofthepairorset.

• General Average/Salvage Charges:WewillpayGeneralAverageandSalvagechargesinfullirrespectiveoftheamountinsuredbeinglessthanthecontributoryvalue,provided,however,thatallInsuredGoodsshallbeinsuredfornotlessthanamountscalculatedontherespectiveBasisofValuationasnominatedintheSchedule.

Additional benefitsThefollowingadditionalbenefitsapplytobothSection1and2.

Accumulation Clause

IntheeventoftheaccumulationofGoodsinexcessoftheSumInsuredarisingfromcircumstancesbeyondYourcontrol,andprovidingYougiveUsimmediatenoticeassoonasthecircumstancesbecomeknowntoYou,WewillprovidecoverfortheaccumulatedGoodsuptodoublethe


20

Delayed Unpacking Clause

WewillacceptclaimsforconcealedlossordamageresultingfromanInsuredEventdiscoveredonopeningpackagesorcasesashavingoccurredinTransit,unlessprooftothecontrarycanbeestablishedprovided:

• anydelayinopeningthepackagesfollowingdeliverydoesnotexceedninety(90)days;

• packagingshowingexternalsignsofdamage,wettingand/orstainingmustbeopenedimmediatelyandallpossiblestepstakentominimisedamage.

Expediting expenses

Wewillpayupto$50,000anyonelossorseriesoflossescausedbytheoneeventinadditiontotheSumInsuredshownintheScheduleorasspecifiedinthePolicySchedule,wheredifferent,forthenecessaryincurredcostofairfreightingreplacementpartsfromsuppliersfollowinginsuredlossordamagetoGoods,eveniftheoriginalTransitwasnotbyairfreight,where:

• necessarytopreventinterruptionofYourbusiness,and

• repairorreplacementtooriginalshippedconditioncannotbeeffectedlocally.

Fumigation and Decontamination Clause

Wewillcoverthereasonablecosts,chargesandexpensesoffumigation,decontaminationorquarantine(includingadditionalfreightchargesincurred)onarrivalatdestinationorintermediateportorplacewheretheGoodsare:

• suspectedofbeinginfested,oractuallyinfested;and

• orderedbytheappropriateauthoritiestobefumigatedordecontaminated;and

• Youarelegallyresponsibleforsuchcosts;

uptoalimitof$50,000anyonelossorseriesoflossescausedbytheoneeventinadditiontotheSumInsuredshownintheScheduleorasspecifiedinthePolicySchedule,wheredifferent.

WewillalsocoveranylossordamagetotheInsuredGoodsproximatelycausedbytheprocessofdecontaminationorfumigationincludingfireresultingfromtheapplicationofheatduringtheseprocesses.

UndernocircumstanceswillWebeliableunderthisadditionalbenefitclauseforthecostsofcustomaryormandatoryfumigation,decontaminationorquarantinecostsandexpenses(perGovernmentQuarantineRegulationsorsimilarstatutoryrequirements).

Cargo ISM forwarding charges

SubjecttoallothertermsconditionsandexclusionscontainedinthePolicy,WewillpayYouuptothelimitoftheSumInsuredfortheTransit,foranyextrachargesproperlyandreasonablyincurredinunloading,sortingandforwardingtheGoodstotheinsureddestinationfollowingreleasefromavesselarrested,ordetainedat,ordivertedtoanyportorplaceotherthantheintendedportofdestinationwheretheTransitisterminateddueeitherto:

• thevesselnotbeingcertifiedinaccordancewiththeInternationalSafetyManagement(ISM)code;or

• acurrentISMCodeDocumentofCompliancenotbeingheldbyherownersoroperators;

asrequiredundertheSafetyofLifeatSea(SOLAS)Convention1974asamended.

ThisclausedoesnotapplytoGeneralAverageorSalvageorSalvagecharges.

Container demurrage charges

Wewillcoverdemurragechargesand/orlatepenaltiesassessedagainstYouuptoamaximumof$50,000inadditiontotheSumInsuredwheretheseareincurredduetothecontainer(s)beingretainedbyYouonOurinstructionforthepurposesofinspectionfollowingaclaim.ThedemurrageperiodforwhichWewillbeliablebeginsatthetimeWeinstructYoutoretainthecontainersandfinishesatthetimeOursurveyorinstructsYoutoreturnthecontainers.

Debris removal/Clean up costs

WhereWehaveacceptedliabilityforlossordamagetoGoods,Wewillalsopayupto$100,000anyonelossorseriesoflossescausedbytheoneeventinadditiontotheSumInsuredshownintheScheduleorasspecifiedintheSchedule,wheredifferent,for:

• thecostofremovaland/ordisposalofthedamaged,deterioratedorcontaminatedGoods;plus

• thecostofcleaninguptheaccidentsite,premises,locationorConveyance;

provided:

• thesecostsrelatetotheInsuredGoods;and

• Youarelegallyorcontractuallyobligedtopaythosecosts;and

• suchcostsarenotrecoverableunderanyotherPolicyofinsurance.


20

Delayed Unpacking Clause

WewillacceptclaimsforconcealedlossordamageresultingfromanInsuredEventdiscoveredonopeningpackagesorcasesashavingoccurredinTransit,unlessprooftothecontrarycanbeestablishedprovided:

• anydelayinopeningthepackagesfollowingdeliverydoesnotexceedninety(90)days;

• packagingshowingexternalsignsofdamage,wettingand/orstainingmustbeopenedimmediatelyandallpossiblestepstakentominimisedamage.

Expediting expenses

Wewillpayupto$50,000anyonelossorseriesoflossescausedbytheoneeventinadditiontotheSumInsuredshownintheScheduleorasspecifiedinthePolicySchedule,wheredifferent,forthenecessaryincurredcostofairfreightingreplacementpartsfromsuppliersfollowinginsuredlossordamagetoGoods,eveniftheoriginalTransitwasnotbyairfreight,where:

• necessarytopreventinterruptionofYourbusiness,and

• repairorreplacementtooriginalshippedconditioncannotbeeffectedlocally.

Fumigation and Decontamination Clause

Wewillcoverthereasonablecosts,chargesandexpensesoffumigation,decontaminationorquarantine(includingadditionalfreightchargesincurred)onarrivalatdestinationorintermediateportorplacewheretheGoodsare:

• suspectedofbeinginfested,oractuallyinfested;and

• orderedbytheappropriateauthoritiestobefumigatedordecontaminated;and

• Youarelegallyresponsibleforsuchcosts;

uptoalimitof$50,000anyonelossorseriesoflossescausedbytheoneeventinadditiontotheSumInsuredshownintheScheduleorasspecifiedinthePolicySchedule,wheredifferent.

WewillalsocoveranylossordamagetotheInsuredGoodsproximatelycausedbytheprocessofdecontaminationorfumigationincludingfireresultingfromtheapplicationofheatduringtheseprocesses.

UndernocircumstanceswillWebeliableunderthisadditionalbenefitclauseforthecostsofcustomaryormandatoryfumigation,decontaminationorquarantinecostsandexpenses(perGovernmentQuarantineRegulationsorsimilarstatutoryrequirements).

Cargo ISM forwarding charges

SubjecttoallothertermsconditionsandexclusionscontainedinthePolicy,WewillpayYouuptothelimitoftheSumInsuredfortheTransit,foranyextrachargesproperlyandreasonablyincurredinunloading,sortingandforwardingtheGoodstotheinsureddestinationfollowingreleasefromavesselarrested,ordetainedat,ordivertedtoanyportorplaceotherthantheintendedportofdestinationwheretheTransitisterminateddueeitherto:

• thevesselnotbeingcertifiedinaccordancewiththeInternationalSafetyManagement(ISM)code;or

• acurrentISMCodeDocumentofCompliancenotbeingheldbyherownersoroperators;

asrequiredundertheSafetyofLifeatSea(SOLAS)Convention1974asamended.

ThisclausedoesnotapplytoGeneralAverageorSalvageorSalvagecharges.

Container demurrage charges

Wewillcoverdemurragechargesand/orlatepenaltiesassessedagainstYouuptoamaximumof$50,000inadditiontotheSumInsuredwheretheseareincurredduetothecontainer(s)beingretainedbyYouonOurinstructionforthepurposesofinspectionfollowingaclaim.ThedemurrageperiodforwhichWewillbeliablebeginsatthetimeWeinstructYoutoretainthecontainersandfinishesatthetimeOursurveyorinstructsYoutoreturnthecontainers.

Debris removal/Clean up costs

WhereWehaveacceptedliabilityforlossordamagetoGoods,Wewillalsopayupto$100,000anyonelossorseriesoflossescausedbytheoneeventinadditiontotheSumInsuredshownintheScheduleorasspecifiedintheSchedule,wheredifferent,for:

• thecostofremovaland/ordisposalofthedamaged,deterioratedorcontaminatedGoods;plus

• thecostofcleaninguptheaccidentsite,premises,locationorConveyance;

provided:

• thesecostsrelatetotheInsuredGoods;and

• Youarelegallyorcontractuallyobligedtopaythosecosts;and

• suchcostsarenotrecoverableunderanyotherPolicyofinsurance.


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ThisbenefitwillnotacttoexcludetherightsofpartiestowhomYouhavesoldtheGoodsinsuredwhoareentitledtoclaimforlossordamagetotheGoodsinrespectoftheirInsurableInterestundercustomarysale/tradeterms,totheextentofcoverageprovidedbythisPolicy.

Loss of information/data/media

ProvidedthatthereisvisibleexternaldamagetotheGoods,Wewillpayupto$50,000anyonelossorseriesoflossesarisingfromtheoneeventforthereasonablecostofrewritingtheinformationordataprovidedthatthesecostsarenotrecoverableunderanyotherPolicy.

Packaging, containers and equipment

Wewillcoverlossofordamageto:

• packagingmaterials,crates,pallets,shippingcontainers,flatracks,tanktainers,demountablebodies,flatsorsimilarunits(includingancillaryequipmentwhilstattachingtosuchunits),orsimilaritemsusedfortransportationoftheGoods,ownedbyYouorforwhichYouhavelegalresponsibilitywhilstinYourcare,custodyandcontrol;and

• anyequipmentusedbyYouinGoodstransportationincludingtarpaulins,ropes,chains,webbingstraps,restraints,dogs,gates,trolleysandcontainerswhereYouuseYourownvehiclestotransporttheGoodsprovidingtheyarenototherwiseinsuredunderanyotherPolicy,duringaninsuredTransit,subjecttoalimitof$50,000anyonelossorseriesoflossesarisingoutoftheoneevent,orasspecifiedinthePolicySchedule,wheredifferent.

Repacking costs

WewillpayforlossordamagetopackagingintheeventoftheoriginalshippingpackagesarrivingatthefinaldestinationinavisiblydamagedconditionarisingfromanInsuredEvent,whereitistheestablishedcustomofYouorYourtradetodelivertheGoodstothefinalcustomerpremisesintheoriginalshippingpackages.

Resecuring costs

WewillpayforallreasonablecostsandexpensesforwhichYouareresponsibleuptoamaximumof$10,000(unlessotherwisespecifiedintheScheduleandprovidedtheyarenotrecoverableunderanyotherPolicyofinsurance)incurredinresecuringtheGoodswheretherehasbeenmovementoftheGoodsinTransitwhichmakesresecuringnecessary,eventhoughtheremaybenoclaimresultingfromtheincident,providingthatthesecircumstanceswereoutsideYourcontrolandYoucouldnotreasonablybeexpectedtoknowofthemduringthenormalcourseofYourbusiness.

Insolvency of carriers

ForcoverunderSection2,TheInsolvencyExclusionClausewhereappearingintheInstituteClausesformingpartofthisPolicyisdeletedandreplacedbythefollowing:

InnocaseshallthisPolicycoverloss,damageorexpensecausedbyinsolvencyorfinancialdefaultoftheowners,managers,charterersoroperatorsofthevesseloraircraftwhereYouareunabletoshow,priortoloadingoftheGoodsonboardthevesseloraircraft,thatallreasonablepracticableandprudentmeasuresweretakenbyYou,Yourservantsandagents,toestablishthefinancialreliabilityofthepartyindefault.

ThisclauseshallnotapplywherethisinsurancehasbeenassignedtothepartyclaiminghereunderwhohasboughtoragreedtobuytheGoodsingoodfaithunderabindingcontract.

ForbothSection1and2,iftheTransitisinterruptedorterminatedduetotheinsolvencyorfinancialdefaultoftheowners,managers,charterersoroperatorsoftheConveyance,whetherornottheGoodshavebeenlostordamaged,WewillpayYoutheextracostsoffreightand/orstoragetoforwardtheGoodstotheirintendeddestinationortoreturntheGoodstotheplacefromwhichtheyweredespatcheduptoamaximumof10%oftheSumInsuredoftheGoods.

Interests of other parties

WhereYouarecomprisedofmorethanoneentity,theterm“You”willapplytoeachentityinthesamemannerasthoughaseparatePolicyhadbeenissuedtoeachentity,however,OurlimitofliabilityshallnotexceedtheSumInsuredspecifiedintheScheduleandOurliabilitytomakesupplementarypaymentswillapplyasthoughtherewerenotseparatepoliciesissuedtoeachentity.

TheinterestsofanypartyotherthanYou(e.g.financiers,otherownersand/orlessors)whoYourequiretobecoveredbythisInsuredareprotectedunderthisPolicyprovidedYouhaveinformedUsaboutthemandWehaveagreedtoincludethemandnotedthemontheSchedule.

WheretheprotectionprovidedbythePolicycoverstheinterestofmorethanoneparty,anyactoromissionofanindividualpartywillnotprejudicetherightsoftheremainingparties,provided:

• theloss,damage,liability,costorexpensearenotdirectlyorindirectlycausedbyorcontributedtobyorarisefromanyoftheremainingparties’misconductorintentionallycausedbyoneoftheremainingpartiesoranypersonactingwiththeirexpressorimpliedconsent;and

• providedtheremainingpartiesmust,immediatelyonbecomingawareofanyactoromissionthatincreasestheriskoflossordamage,givenoticeinwritingtoUsandondemandpaysuchreasonableadditionalPremiumasWemayrequire.


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General exclusions applicable to both SectionsInrespectofcoverprovidedunderSection2,theexclusionscontainedwithintheInstituteClausesdescribedintheScheduleandformingpartofthisPolicyshallbeparamountwheretheyconflictwithanytermscontainedinthisExclusionsectionofthePolicy.

Property (Goods) exclusionsWedonotinsureYouforlossordamageto:

1. PropertyotherthanGoodsofthetypesnotedintheScheduleorwhicharespecifiedunderthePackaging,ContainersandEquipment,EmployeesPersonalProperty,Exhibitions/Demonstrations,ToolsofTradeorTravellersSamplescovers(whereapplicable);and

2. VehiclesandmachineswhilstdrivenundertheirownpowerorwhilstbeingtowedotherthanduringLoadingandUnloadingoperations.

Perils exclusionsThisPolicydoesnotcoveranyloss,damage,liability,destruction,costorexpenseofanynaturewhatsoeverthatisdirectlyorindirectlycausedbyorcontributedtobyorarisingfromanyofthefollowing:

Losses not arising from transport of the Goods

Claimsforlossordamage:

1. whichhasnotoccurredduringtheTransit,forexample,pre-existingdamageordamageoccurringaftertheGoodshavebeendeliveredatdestination;

2. asaresultofrejection;

3. arisingfromunexplainedloss,mysteriousdisappearanceand/orshortagededucedsolelyfromaninventorycomputation;

4. delay,lossofmarket,orconsequentiallossofanydescriptionevenifcausedbyanInsuredEvent.


LossordamagetoGoodscausedby:

5. YourmisconductorintentionallycausedbyYouoranypersonactingwithYourexpressorimpliedconsent;

6. failuretoexerciseDueCareinthesafehandling,storage,protectionandsecurityoftheGoodstotheextentthesemattersarewithinYourcontrol.

Sealed Container Clause

InrespectofshipmentsinFCL(FullContainerLoad)containers,providedthatdocumentaryevidenceisproducedtosubstantiatethequantityloadedintotheFCLcontainerthefactthatthecontainer’ssealisintactatunloadingpointshallnotinvalidateclaimfortheft,pilferage,shortageandnon-delivery.OnsettlementofYourclaim,YoushallassistUsinallrespectstopursuerightsofrecoveryfromthesuppliersand/orthepackersorotherresponsiblethirdparties.

Sorting Charges Clause

IntheeventofYouorYourbuyercomplyingwithsurveyor’sinstructionstosortdamagedGoodstodeterminealosswhichmayberecoverableunderthePolicy,WeshallpayforsuchexpensesasapprovedbythesurveyoreventhoughaclaimmaynotsubsequentlyresultunderthePolicy.

Strikes Diversion Expenses Clause

WewillpayanyreasonableadditionalcostsincurredbyYouupto$50,000anyonelossorseriesoflossescausedbytheoneeventinadditiontotheSumInsuredshownintheScheduleorasspecifiedinthePolicySchedule,wheredifferent,inunloading,storingandforwardingYourGoodstotheirfinaldestinationwherethecarrier,shipowners,charterersormanagersexercisealibertygrantedtothembythecontractofaffreightmentwheresolelyinconsequenceofstrikes,riots,civilcommotions,lockoutsorlabourdisturbances,theGoodsareover-carriedtoordischargedataportotherthantheirScheduledportofdischargeunderthecontractofaffreightment.

HoweverinnocaseshallWebeliableforanycostunlessthelibertyreferredtointhisclauseisexercisedpriortotheexpiryof15daysfrommidnightofthedayonwhichthestrikes,riots,civilcommotions,lockoutsorlabourdisturbancesceasetobeinactiveoperation.

Sue and Labour Clause

IntheeventoflossordamagecausedbyanInsuredEvent,YouandYourservantsarepermittedtotakereasonablemeasuresforthepurposeofavertingorminimisingsuchlossandWewill,inadditiontoanylossrecoverableunderthePolicy,reimburseYouforanycostsproperlyandreasonablyincurred.

MeasurestakenbyYouorUswiththeobjectofsaving,protectingorrecoveringtheGoodsshallnotbeconsideredasawaiveroracceptanceofabandonmentorotherwiseprejudicetherightsofeitherparty.


22

General exclusions applicable to both SectionsInrespectofcoverprovidedunderSection2,theexclusionscontainedwithintheInstituteClausesdescribedintheScheduleandformingpartofthisPolicyshallbeparamountwheretheyconflictwithanytermscontainedinthisExclusionsectionofthePolicy.

Property (Goods) exclusionsWedonotinsureYouforlossordamageto:

1. PropertyotherthanGoodsofthetypesnotedintheScheduleorwhicharespecifiedunderthePackaging,ContainersandEquipment,EmployeesPersonalProperty,Exhibitions/Demonstrations,ToolsofTradeorTravellersSamplescovers(whereapplicable);and

2. VehiclesandmachineswhilstdrivenundertheirownpowerorwhilstbeingtowedotherthanduringLoadingandUnloadingoperations.

Perils exclusionsThisPolicydoesnotcoveranyloss,damage,liability,destruction,costorexpenseofanynaturewhatsoeverthatisdirectlyorindirectlycausedbyorcontributedtobyorarisingfromanyofthefollowing:

Losses not arising from transport of the Goods

Claimsforlossordamage:

1. whichhasnotoccurredduringtheTransit,forexample,pre-existingdamageordamageoccurringaftertheGoodshavebeendeliveredatdestination;

2. asaresultofrejection;

3. arisingfromunexplainedloss,mysteriousdisappearanceand/orshortagededucedsolelyfromaninventorycomputation;

4. delay,lossofmarket,orconsequentiallossofanydescriptionevenifcausedbyanInsuredEvent.


LossordamagetoGoodscausedby:

5. YourmisconductorintentionallycausedbyYouoranypersonactingwithYourexpressorimpliedconsent;

6. failuretoexerciseDueCareinthesafehandling,storage,protectionandsecurityoftheGoodstotheextentthesemattersarewithinYourcontrol.

Sealed Container Clause

InrespectofshipmentsinFCL(FullContainerLoad)containers,providedthatdocumentaryevidenceisproducedtosubstantiatethequantityloadedintotheFCLcontainerthefactthatthecontainer’ssealisintactatunloadingpointshallnotinvalidateclaimfortheft,pilferage,shortageandnon-delivery.OnsettlementofYourclaim,YoushallassistUsinallrespectstopursuerightsofrecoveryfromthesuppliersand/orthepackersorotherresponsiblethirdparties.

Sorting Charges Clause

IntheeventofYouorYourbuyercomplyingwithsurveyor’sinstructionstosortdamagedGoodstodeterminealosswhichmayberecoverableunderthePolicy,WeshallpayforsuchexpensesasapprovedbythesurveyoreventhoughaclaimmaynotsubsequentlyresultunderthePolicy.

Strikes Diversion Expenses Clause

WewillpayanyreasonableadditionalcostsincurredbyYouupto$50,000anyonelossorseriesoflossescausedbytheoneeventinadditiontotheSumInsuredshownintheScheduleorasspecifiedinthePolicySchedule,wheredifferent,inunloading,storingandforwardingYourGoodstotheirfinaldestinationwherethecarrier,shipowners,charterersormanagersexercisealibertygrantedtothembythecontractofaffreightmentwheresolelyinconsequenceofstrikes,riots,civilcommotions,lockoutsorlabourdisturbances,theGoodsareover-carriedtoordischargedataportotherthantheirScheduledportofdischargeunderthecontractofaffreightment.

HoweverinnocaseshallWebeliableforanycostunlessthelibertyreferredtointhisclauseisexercisedpriortotheexpiryof15daysfrommidnightofthedayonwhichthestrikes,riots,civilcommotions,lockoutsorlabourdisturbancesceasetobeinactiveoperation.

Sue and Labour Clause

IntheeventoflossordamagecausedbyanInsuredEvent,YouandYourservantsarepermittedtotakereasonablemeasuresforthepurposeofavertingorminimisingsuchlossandWewill,inadditiontoanylossrecoverableunderthePolicy,reimburseYouforanycostsproperlyandreasonablyincurred.

MeasurestakenbyYouorUswiththeobjectofsaving,protectingorrecoveringtheGoodsshallnotbeconsideredasawaiveroracceptanceofabandonmentorotherwiseprejudicetherightsofeitherparty.


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18. failuretoarrangeinsurancetothebenefitofathirdparty,orforanyclaimsarisingfromYourprofessionalnegligenceanderrorsoromissionsassociatedwithanyofferofinsurance.

War when not in Transit

19. WarorWarlikeActivitieswhilstYourpropertyisnotonboardaship,vesseloraircraft.

Cargo ISM Endorsement(ThisEndorsementisapplicabletoshipmentsonboardallvesselsof500grosstonsormore.)

Innocaseshallthisinsurancecoverloss,damageorexpensewheretheGoodsInsuredarecarriedbyavesselthatisnotISMCodecertifiedorwhoseownersoroperatorsdonotholdanISMCodeDocumentofCompliancewhen,atthetimeofloadingoftheGoodsInsuredonboardthevessel,Youwereaware,orintheordinarycourseofbusinessshouldhavebeenaware:

• eitherthatsuchvesselwasnotcertifiedinaccordancewiththeISMCode;or

• thatacurrentISMCodeDocumentofCompliancewasnotheldbyherownersoroperators;

asrequiredundertheSOLASConvention1974asamended.

ThisexclusionshallnotapplywherethisinsurancehasbeenassignedtothepartyclaiminghereunderwhohasboughtoragreedtobuytheGoodsinsuredingoodfaithunderabindingcontract.

Nuclear/Terrorism/Cyber exclusionsThefollowingconditionsshallbeparamountwheretheyconflictwithanytermscontainedinthisPolicyorClauseorconditionsreferredtoherein.Intheeventofconflictbetweenthesethreeclauses,theInstituteRadioactiveContamination,Chemical,Biological,Bio-Chemical;ElectromagneticWeaponsExclusionClauseandInstituteCyberAttackExclusionClauseshallprevail.

Institute Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapons Exclusion Clause 10/11/03

InnocaseshallthisPolicycoverlossdamageliabilityorexpensedirectlyorindirectlycausedbyorcontributedtobyorarisingfrom:

• ionisingradiationsfromorcontaminationbyradioactivityfromanynuclearfuelorfromanynuclearwasteorfromthecombustionofnuclearfuel;

• theradioactive,toxic,explosiveorotherhazardousorcontaminatingpropertiesofanynuclearinstallation,reactororothernuclearassemblyornuclearcomponentthereof;

Rust, oxidation, discolouration

LossordamagetoGoodsdueto:

7. rust,oxidisationordiscolouration,unlesscausedbyanInsuredEvent.

Fraud

8. Faudulentordishonestacts,fraudulentmisappropriation,embezzlementandforgeryinvolvingtheInsuredGoodsbyYouoroneofYouremployeesactingaloneorincollusionwithanyotherperson(s).However,thisexclusionshallnotapplytotheftfollowingforcibleandviolententryuponpremises.

Refrigerated, perishable or temperature controlled Goods

Lossordamagecausedby:

9. failureofYourrefrigerationequipmentwhereithasnotbeenregularlyservicedandmaintained;

10. YourfailuretotakeallreasonableprecautionstokeeptheGoodsinarefrigerated,properlyinsulatedorcooledspace.

Machinery, equipment, data etc

LossordamagetoGoodscausedbythefollowing:

11. electronic,electricalormechanicalfailureoftheGoodsunlessthereisvisibleexternalphysicaldamagetotheGoodswhichoccurredduringTransitcausedbyanInsuredEvent;

12. lossofdatafromanycomputerhardwareorsoftwareunlessthereisvisibleexternalphysicaldamagetotheGoodswhichoccurredduringTransitcausedbyanInsuredEvent;

13. damagetoGoodswhicharevehiclesandmachineswhilsttheyarebeingtowedorwhilstbeingdrivenundertheirownpowerexceptduringloadingandunloadingoperationsasspecifiedinthisPolicy;

14. arisingfromthedismantling,assembly,testingorfabricationofmachinery,plant,equipmentorstructure.

Liability for third party losses

15. DamagetothirdpartypropertyexceptasprovidedinthePackaging,ContainersandEquipmentbenefit.

16. Loss,damage,liability,destruction,costorexpenseofanynaturewhatsoeverthatisdirectlyorindirectlycausedbyorcontributedtobyorarisingfromasbestos,oranymaterialscontainingasbestosinwhateverformorquantity.

17. Theinfectionofproperty,humans,animalsorotherlivingcreaturesbyinfectiousmatter,orthespreadingorreleasingthereof,byYou,whetheraccidentally,knowingly,wilfully,maliciouslyorotherwiseincludinganylossescausedbyquarantinablediseaselistedintheAustralianQuarantineAct1908orsimilar;


24

However,thisexclusionwillnotoperatetoexcludelosses(whichwouldotherwisebecoveredbypoliciescoveringrisksofWar,civilWar,revolution,rebellion,insurrection,orcivilstrifearisingtherefrom,oranyhostileactbyoragainstabelligerentpower,orTerrorismoranypersonactingfromapoliticalmotive),whicharisefromtheuseofanycomputer,computersystemorcomputersoftwareprogrammeoranyotherelectronicsysteminthelaunchand/orguidancesystemand/orfiringmechanismofanyweaponormissile.

• anyweaponordeviceemployingatomicornuclearfissionand/orfusionorotherlikereactionorradioactiveforceormatter;

• theradioactive,toxic,explosiveorotherhazardousorcontaminatingpropertiesofanyradioactivematter.Theexclusioninthissub-clausedoesnotextendtoradioactiveisotopes,otherthannuclearfuel,whensuchisotopesarebeingprepared,carried,stored,orusedforcommercial,agricultural,medical,scientificorothersimilarpeacefulpurposes;

• anychemical,biological,bio-chemical,orelectromagneticweapon.

Transit and Terrorism Clause

WherethisPolicycoverslossofordamagetotheGoodscausedbyanyterroristoranypersonactingfromapoliticalmotive,thiscoverappliesonlywhentheGoodsareinTransitandceases:

• aspertheTransitclausescontainedwithinthePolicy;or

• ondeliverytotheConsignee’sorotherfinalwarehouseorplaceofstorage;or

• ondeliverytoanyotherwarehouseorplaceofstorage,whetherpriortooratdestination,whichYouelecttouseeitherforstorageotherthanintheordinarycourseofTransitorforallocationordistribution;or

• inrespectofmarineTransits,ontheexpiryof60daysaftercompletionofdischargeoversideoftheGoodsfromtheoverseasvesselatthefinalportofdischarge;or

• inrespectofairTransits,ontheexpiryof30daysafterunloadingtheGoodsfromtheaircraftatthefinalplaceofdischarge;

whichevershallfirstoccur.

WherethisPolicyspecificallyprovidescoverforinlandorotherfurtherTransitsfollowingonfromstorage,or

terminationasprovidedforabove,coverwillre-attachandterminateaspertheTransitclauseexpressedinthePolicyandasabove.

Cyber Attack Exclusion Clause

Innocaseshallthisinsurancecoverlossdamageliabilityorexpensedirectlyorindirectlycausedbyorcontributedtobyorarisingfromtheuseoroperation,asameansforinflictingharm,ofanycomputer,computersystem,computersoftwareprogramme,maliciouscode,computervirusorprocessoranyotherelectronicsystem.


25

Youmustprovide,withinninety(90)daysfromtheexpiryofeachPeriodofInsurance,theactualTurnoverorSendings.

ThedifferencebetweenthePremiumbasedontheactualfiguresattheendoftheperiodandthePremiumcalculatedatinceptionwillbepaidbyorallowedtoYou,asthecasemaybe,butinanyeventaminimumretainedPremiumequivalentto75%orasmayotherwisebeagreed,ofthefullPremiumbasedontheinitialestimateswillberetainedbyUs.

WeagreetowaiveanyadjustmentofPremiumotherthanthedifferencebetweenthedepositPremiumpaidandthefullPremiumbasedontheoriginalestimatesprovidedbyYouwherethedifferencebetweentheactualTurnover/SendingsandtheestimatedTurnover/Sendingsislessthan10%.

IfthedepositPremiumis$5,000orless,thedepositPremiumshallberegardedastheminimumPremiumforthePeriodofInsuranceshownintheScheduleandnoadjustmentofactualfiguresisrequiredotherthanthedifferencebetweenthedepositPremiumpaidandthefullPremiumbasedontheoriginalestimatesprovidedbyYou.

Youarerequiredandagreetokeepaccuraterecordsofallsuchfiguresand,onrequest,toprovideUswithanauditedcopyoftheserecords.IfWerequestanauditedcopyoftherecordsandthisisnotavailablethenWemayappointanauditor.WeshallpayforthecostoftheauditbutiftheauditrevealsthatthefiguresdeclaredbyYouareincorrect,YoushallreimburseUsforthecostoftheaudit.

Delay or interruption by YouIfafterdischargeoftheGoodsattheportofdestination,YoubyYouractionorfailuretotakeaction:

• delaystheforwardingor,

• causestheGoodstobestoredatanylocationotherthanthebuyers’orotherfinalwarehouseorplaceofstorageattheportofdestination.

YouractionorfailuremayprejudiceYourrightsunderthisPolicytomakeaclaim.

Due CareItisaconditionofthisPolicythatatallstagesYoumusttakeDueCareinthehandling,storage,protectionandmovementofGoodsandtheprovisionofinstructionstoanytransportservicesprovidersYouengagetotransportYourGoods.

Exchange rateTheexchangerateusedbyUsforanycurrencyconversionsapplicabletodeclarationsorclaimsettlementsmadeunderthisPolicywillbetheSpotSellrate(asadvisedtoUsbyOurbank)applicableonthedateoftheBillofLadingorAirWaybill.

General conditions and cover restrictions applicable to all SectionsApplicable lawThisPolicyisgovernedbyandshallbeconstruedinaccordancewiththelawsofAustralia.AnydisputerelatingtothePolicyshallbesubmittedtotheexclusivejurisdictionofacompetentCourtwithintheStateorTerritoryofAustraliainwhichthePolicywasissued.

AuthorityWemaygivetoandobtainfromanyotherinsurers,insurancereferencebureausandcreditreportingagenciesanyinformationrelatingtoYourcreditorinsurancehistoryaswellasinsuranceclaimsinformation.

Breach of Warranty or conditionWhere the Insurance Contracts Act 1984 applies

ThelawgivesUsanumberofrightsifYoudonotcomplywiththeconditionsofthisPolicy.InparticularcasesWemaybeableto:

• cancelthePolicy;

• avoidthePolicyfromthecommencementdateofthePeriodofInsurance;

• refusetopayaclaim;

• reducetheamounttobepaidoutonaclaim.


Warrantiesareconditionswhichmustbeexactlycompliedwith,whethermaterialtotheriskornot.UndertheMarineInsuranceAct1909,whereapplicable,iftheyarenotcompliedwith,then,subjecttoanyexpressprovisionsinthePolicy,WearedischargedfromliabilityasfromthedateofthebreachoftheWarranty,butwithoutprejudicetoanyliabilityincurredbyUsbeforethatdate.

Declaration of actual Turnover or SendingsThedepositPremiumadvisedattheinceptionofeachPeriodofInsuranceisprovisionalandbasedontheestimatedannualTurnoverorSendingsduringthePolicyperiodagreed.OnexpiryofthePeriodofInsurancethePolicywillbeadjustedbyapplyingtheagreedratepercenttotheactualTurnoverorSendingsforthatperiod.ForthepurposeofascertaininganyadjustmenttothisPremium


26

War and Strikes Variation ClauseThePremiumandratesquoted/chargedareinclusiveoftheWarandstrikesrateschargedbyUsasattheattachmentdateofthePolicy.AsWarandstrikesexposuresmayvaryduringthecurrencyofthePolicy,WereservestherighttovarytheWarandstrikesratesatanytimebygivingYou(orYourbroker/agentorrepresentative)7daysnoticeinwritingofanysuchvariation.

AnyvariationinPremiumwillbecalculatedbydeductingtheratechargedatthecommencementofthePolicyfromthenewrateandapplyingthedifferencetotheexposedTurnover.ThemethodofpaymentforanydifferenceinPremiumwillbeadvisedaspartofthenoticetoamendWarandstrikesrates.

NothingcontainedhereinshallvarythecancellationprovisionsofthisPolicy.

“On deck” shipmentsWheretheGoodsaretransportedinshippingcontainerswhicharenotfullyenclosedandtheseareshipped“ondeck”,coverexcludesloss,damageorexpensecausedbyorarisingfromrust,oxidisation,discolouration,freshwaterorseawaterunlessasaresultofaperilinsuredbyInstituteCargoClauses(B)withsubclause1.2.3deleted.

Other insuranceIfatthetimeofanyloss,damageorAccidentthatmaygiverisetoclaimunderthePolicy,thereisanyotherinsurancePolicycoveringtheGoodswhilstintheordinarycourseofTransiteffectedbyanyotherpartythenWereservetherighttoseekcontributionfromanyotherInsurer(s).IfYouareawareofsuchotherinsurancecoveringeitherwhollyorinparttheGoods,YouarerequiredtonotifyUs.YoumustalsoprovideUswithfullinformationandallreasonableassistanceintherecoveryofOurrateableproportionofsuchlossordamage.

Prohibited cover or paymentsIrrespectiveofanyotherprovisionofthePolicy,Weshallnotbedeemedtoprovidecoverorbeliabletopayanyclaimorprovideanybenefit(includingarefundaPremium)hereundertotheextentthattheprovisionofsuchcover,paymentofsuchclaimorprovisionofsuchbenefitwouldcontraveneorotherwiseexposeUstoanypenalty,sanction,prohibitionorrestrictionunderUnitedNationsresolutionsorthetradeoreconomicsanctions,lawsorregulationsofAustralia,NewZealand,theEuropeanUnion,UnitedKingdomorUnitedStatesofAmerica.

Subrogation/Rights of recoveryWehavetherighttotakeactionorinstitutelegalproceedings,inYourname,fortherecoveryofpaymentsmadeandexpensesincurredinrelationtoanyclaimcoveredbythisPolicy,againstanyperson,companyorentitylegallyliabletoYouinrespectofthatclaim.YoumustprovideUswithfullinformationandallreasonableassistanceintherecoveryofthosepaymentsorexpenses.

Waiver of subrogation rightsWearenotliabletopayanybenefitsunderthisPolicyforlossordamagetoGoodsifYouagreeorhaveagreedtolimitorexcludeanyrightofrecoveryagainstanythirdpartywhowouldbeliabletocompensateYouwithrespecttothatdamagetoGoodsafterthelossofordamagetotheGoodshasoccurred.ThisprovisiondoesnotapplytoYoursignatureofaTransportOperator’sstandardconditionsofcartage,consignmentnote,BillofLading,AirWaybillorsimilarcontractofaffreightment.


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War and Strikes Variation ClauseThePremiumandratesquoted/chargedareinclusiveoftheWarandstrikesrateschargedbyUsasattheattachmentdateofthePolicy.AsWarandstrikesexposuresmayvaryduringthecurrencyofthePolicy,WereservestherighttovarytheWarandstrikesratesatanytimebygivingYou(orYourbroker/agentorrepresentative)7daysnoticeinwritingofanysuchvariation.

AnyvariationinPremiumwillbecalculatedbydeductingtheratechargedatthecommencementofthePolicyfromthenewrateandapplyingthedifferencetotheexposedTurnover.ThemethodofpaymentforanydifferenceinPremiumwillbeadvisedaspartofthenoticetoamendWarandstrikesrates.

NothingcontainedhereinshallvarythecancellationprovisionsofthisPolicy.

“On deck” shipmentsWheretheGoodsaretransportedinshippingcontainerswhicharenotfullyenclosedandtheseareshipped“ondeck”,coverexcludesloss,damageorexpensecausedbyorarisingfromrust,oxidisation,discolouration,freshwaterorseawaterunlessasaresultofaperilinsuredbyInstituteCargoClauses(B)withsubclause1.2.3deleted.

Other insuranceIfatthetimeofanyloss,damageorAccidentthatmaygiverisetoclaimunderthePolicy,thereisanyotherinsurancePolicycoveringtheGoodswhilstintheordinarycourseofTransiteffectedbyanyotherpartythenWereservetherighttoseekcontributionfromanyotherInsurer(s).IfYouareawareofsuchotherinsurancecoveringeitherwhollyorinparttheGoods,YouarerequiredtonotifyUs.YoumustalsoprovideUswithfullinformationandallreasonableassistanceintherecoveryofOurrateableproportionofsuchlossordamage.

Prohibited cover or paymentsIrrespectiveofanyotherprovisionofthePolicy,Weshallnotbedeemedtoprovidecoverorbeliabletopayanyclaimorprovideanybenefit(includingarefundaPremium)hereundertotheextentthattheprovisionofsuchcover,paymentofsuchclaimorprovisionofsuchbenefitwouldcontraveneorotherwiseexposeUstoanypenalty,sanction,prohibitionorrestrictionunderUnitedNationsresolutionsorthetradeoreconomicsanctions,lawsorregulationsofAustralia,NewZealand,theEuropeanUnion,UnitedKingdomorUnitedStatesofAmerica.

Subrogation/Rights of recoveryWehavetherighttotakeactionorinstitutelegalproceedings,inYourname,fortherecoveryofpaymentsmadeandexpensesincurredinrelationtoanyclaimcoveredbythisPolicy,againstanyperson,companyorentitylegallyliabletoYouinrespectofthatclaim.YoumustprovideUswithfullinformationandallreasonableassistanceintherecoveryofthosepaymentsorexpenses.

Waiver of subrogation rightsWearenotliabletopayanybenefitsunderthisPolicyforlossordamagetoGoodsifYouagreeorhaveagreedtolimitorexcludeanyrightofrecoveryagainstanythirdpartywhowouldbeliabletocompensateYouwithrespecttothatdamagetoGoodsafterthelossofordamagetotheGoodshasoccurred.ThisprovisiondoesnotapplytoYoursignatureofaTransportOperator’sstandardconditionsofcartage,consignmentnote,BillofLading,AirWaybillorsimilarcontractofaffreightment.


27

Claims proceduresTheseproceduresareimportant.FailuretofollowthemmightjeopardiseaclaimunderthisPolicy.

A. You(orYourbuyerintheeventofanexportshipment)MUST:

AssoonasYouorthebuyerbecomeawareofany,oranypotentiallossordamagewhichmayresultinaclaimunderthePolicyYouorYourbuyermust,atYourorthebuyer’sownexpenseasifYouarenotinsured:

(i) takesuchmeasuresasmaybereasonableforthepurposeofavertingorminimisingsuchlossordamage.WewillreimburseYouorthebuyerforanychargesproperlyandreasonablyincurredinpursuanceoftheseduties.

MeasurestakenbyYou,thebuyerorUswiththeobjectofsaving,protectingorrecoveringtheGoodsinsuredshallnotbeconsideredasawaiveroracceptanceofabandonmentorotherwiseprejudicetherightsofanyparty;

(ii) immediatelyadviseUsor,inthecaseofanexportshipment,Ouroverseasrepresentative,ofthelossordamageordeathorinjuryofLivestockwhereapplicableincludingthelocationandcircumstancesoftheloss,timeanddate.WeorOuroverseasrepresentativemaydecidetoappointasurveyororanassessortoinspectthedamagetodeterminethecause,andwhomightberesponsibleforit.YouorYourbuyershouldco-operatewiththesurveyorfullyasthiswillassistwiththespeedyadjustmentofYourclaim;

(iii) takeallreasonableactiontorecoverlostorstolenGoodsandminimisetheclaim,including,inrespectofLivestock,musteringandagistmentoftheanimals(whichareclaimableunderthisPolicytotheextentofthecoverslistedundertheAdditionalbenefitsapplicabletosection1);

(iv) asfaraspossiblepreserveanyGoodsorotheritemswhichmightprovenecessaryorusefulasevidence.InrespectofLivestock,whereithasbeennecessarytoremoveordisposeofthemontheorderofresponsibleofficials,deathoftheanimalistobecertifiedbyaveterinarianortheresponsibleofficial;

(v) properlypreserveandexerciseallrightsagainstcarriers,baileesorotherthirdpartiesspecifically:

• donotreleasethosepartiesfromliability;

• donotgive“cleanreceipts”whereYoubelievethattheGoodshavesufferedlossordamage.Thatis,whentheGoodsaredelivered,Youwillbeaskedtosignthecarrier’sreceipt(i.e.consignmentnoteordeliverydocket)whichusuallyacknowledgesthattheconsignmentwasreceivedingoodcondition.

ClaimsGST noticeThisPolicyhasaGSTprovisioninrelationtoPremiumandOurpaymenttoYouforclaims.ItmayhaveanimpactonhowYoudeterminetheamountofinsuranceYouneed.Pleasereaditcarefully.SeekprofessionaladviceifYouhaveanyqueriesaboutGSTandYourinsurance.

Limit of IndemnityAllmonetarylimitsinthisPolicymaybeincreasedforGSTinsomecircumstances(seebelow).

Claim settlements – where We agree to pay

WhenWecalculatetheamountWewillpay,WewillatYourrequesteitherpayYouortheowneroftheInsuredGoodsorLivestockandWewillhaveregardtotheitemsbelow:

• WhereYouareliabletopayanamountforGSTinrespectofanacquisitionrelevanttoYourclaim(suchasservicestorepairadamagediteminsuredunderthePolicy)WewillpayfortheGSTamount.

WewillpaytheGSTamountinadditiontotheLimitofIndemnityorotherlimitsshowninthePolicyorinYourSchedule.

IfYourLimitofIndemnityisnotsufficienttocoverYourloss,WewillonlypaytheGSTamountthatrelatestoOursettlementofYourclaim.

WewillreducetheGSTamountWepayforbytheamountofanyinputtaxcreditstowhichYouareorwouldbeentitled.

• WhereWemakeapaymentunderthePolicyascompensationinsteadofpaymentforarelevantacquisition,WewillreducetheamountofthepaymentbytheamountofanyinputtaxcreditthatYouwouldhavebeenentitledtohadthepaymentbeenappliedtoarelevantacquisition.

Disclosure – Input tax credit entitlement

IfYouregister,orareregistered,forGSTYouarerequiredtotellUsYourentitlementtoaninputtaxcrediton

YourPremium.IfYoufailtodiscloseorunderstateYourentitlement,YoumaybeliableforGSTonaclaimWemaypay.ThePolicydoesnotcoverYouforthisGSTliability,orforanyfine,penaltyorchargeforwhichYoumaybeliable.


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• billoflading,airwaybill,orconsignmentnote(anoriginalispreferable,andmayberequiredforanyrecoveryactionagainstathirdparty);

• copiesofallcorrespondenceexchangedwithanythirdparty;

• anyinternal(withinYourcompany)reportsormemosdetailingtheextentofthedamage;

• repairquotationsorreceiptsandanyotherdocumentsthatmightconfirmthecircumstancesofthelossordamageandsubstantiatetheamount/sbeingclaimed.

B. YouorYourbuyerMUSTNOT:

(i) authorisetherepairorreplacementofanythingwithoutOuragreement;

(ii) disposeofanydamagedGoodswithoutgivingUsorOuroverseasrepresentativetheopportunitytoexaminethoseGoods.

C. AfterYouorthebuyerhaveadvisedUsorOuroverseasrepresentativeofanylossofordamagetoGoods:

(i) YouorthebuyermustcomplywithallPolicytermsandconditionsbeforeWewillmeetanyclaimunderthePolicy;

(ii) WehavetherighttorecoverfromanypersonagainstwhomYouorthebuyermaybeabletoclaimanymoneypaidbyUs.Wemaytakeoverandconduct,inYournameorthebuyer’sname,thedefenceorsettlementofanyclaimandWewillhavefulldiscretionintheconductofanyproceedingsinconnectionwiththeclaim;

(iii) WemaypayYouorthebuyertheSumInsuredunderthePolicyoranylesseramountforwhichaclaimorclaimsmayreasonablybesettled.AfterWehavepaidYouorthebuyer,Wewillnolongerbeliablefortheclaim(s)(orfutureconductoftheclaim(s))exceptforcostsandexpensesincurredupuntilthetimeWepayYouorthebuyerthatWepreviouslyagreedtopay.

Ifthereisanyobviousevidenceofdamageorshortagedonotunderanycircumstancessignthedocument.

Ifasignatureisrequired,addanotetotheeffectthattheGoodsweredelivereddamaged.Thatiswhatistermeda“qualifiedreceipt”.

IfYouorthebuyersuspectthatthereisdamage,evenifitisnotobvious,addanotetosaythat‘YouareacceptingtheGoodsinapparentgoodorderandcondition’.

Givingasignaturewithoutanycommentistermedgiving(orsigning)a“cleanreceipt”.

A“cleanreceipt”infersthatYouorthebuyeragreethattheGoodswerenotdamagedatthetimethesignaturewasgiven.ThatmakesitdifficultforYouorthebuyertoprovetothecarrierthatYouorthebuyerhaveavalidclaim.

• ifYourGoodsaredeliveredinashippingcontainer,examinethelocksandsealsandcomparethenumberswiththoselistedontheshippingdocuments,preferablybeforethecontainerisremovedfromtheConveyingVehiclethatdeliveredittoYourorthebuyer’spremises.

Ifthecontainerisdelivereddamagedorwithsealsbrokenormissingorwithsealsotherthanstatedintheshippingdocuments,notethedeliverydocketaccordinglyandretainalldefectiveorirregularsealsforsubsequentidentification;

(vi) ifthelossordamagewasnotimmediatelyapparentatthetimeofdelivery,applyimmediatelyforsurveysbythecarriersorotherbailees,tobeconductedwithin3daysofdelivery;

(vii) provideUsorOuroverseasrepresentativewithawrittenclaimdetailing:

• thenatureandextentofthelossordamage;

• anyotherinsurancethatmayexistontheGoods;

(viii) attachoriginalorlegiblephotocopies(ofbothsidesofanydocumentthathasanythingonthereverse)ofanyofthefollowingthatareapplicabletothecircumstances:

• shippinginvoices,specifications,packinglists,weightnotes,gatepasses;

• commercialinvoices,customsdocuments;


POL272BA/AM&T 03/18

For all enquiries please call your insurance intermediary

amandtaustralia.com.au

AM&T (Allianz Marine and Transit Underwriting Agency Pty Limited) AFS Representative No. 423910 ABN 98 155 554 279 Level 12, 80 Mount Street, North Sydney, NSW 2060 as agents of the insurer Allianz Australia Insurance Limited AFS Licence No. 234708 ABN 15 000 122 850


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