Marine InsuranceUnderwritten by Bao Viet Insurance Corporation

assured

MARINE INSURANCE

Marine Cargo and Goods in Transit Insurance

Liability

Hull

Claims

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Marine Insurance provides coverage for

Importers, exporters and manufacturers

Local traders and transporters

Logistics companies Coverage for carriers’ legal liability and/or shipper interestExtensions for enhanced liabilities and storage

Why BaoViet’s Marine Insurance?

We source competitive marine insurance products and tailor them to your specific needs.

We recommend only proven policy wordings utilising specialised markets and first class security.

We offer complete peace of mind, and knowing that you are in safe hands in the event of an accident means that you are free to focus on your business.

Within the marine sector we also specialise in providing insurance for commercial entities involved with the transportation of cargo and goods in transit in the marine trade, as well as manufacturers, importers, exporters, logistics companies and distributors with foreign branches, subsidiaries, affiliates, or joint ventures.

BaoViet Insurance is one of Vietnam’s leading insurance providers, com-bining experience gained from long-standing operations, a strong financial capability, and a dedicated and professional customer service-oriented staff that fully understand their customers’ needs. With a nationwide agency network consisting of 66 member companies and more than 300 customer service offices, BaoViet’s customers can get reimbursement not only at the purchase location, but also at any branch within the BaoViet Insurance system.

Marine Cargo and Goods in Transit Insurance provides comprehensive insurance protection for goods in transit across Vietnam and worldwide for a number of leading companies in Vietnam, all of which require insurance for their goods whilst in transport, whether by road, sea, air or rail.

Some of the features of coverage:

Marine Cargo “All Risks”.

Transportation within Vietnam and worldwide.

Transportation risks by road, sea, air, rail and post.

Numerous extensions to coverage specific to inland transit, on delivery to warehouse, and storage or consolidation risks.

Insurance tailored to the marine trade sector and inland transportation.

Instant issuance of insurance certification.

Marine loss adjuster assistance, claim assistance 24/24.

Our professional and dedicated corporate insurance services team and relationship managers will recommend the appropriate Marine Cargo Insur-ance products to reduce your trading risks.

Additional benefits:

A comprehensive choice of protection to suit a wide range of commodities, destinations and transportation modes.

A choice of single voyage contracts or open policy contracts for regular shipments.

Competitive premium rates.

Fast and efficient processing.

Fulfillment of your Letter of Credit requirements.

International standard survey agents including Lloyd’s Agency Network members who can support and assist customers worldwide.

MARINE CARGO

Marine Insurance

IN TRANSIT INSURANCE

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GOODS

BaoViet’s Marine Insurance offers a wide range of liability coverage tailored to meet the specific needs of transportation and facility operators, including:

Stevedore’s LiabilityFor client liability as stevedore for third-party prop-erty damage and bodily injury arising out of vessel loading and unloading operations.

Wharfinger’s LiabilityFor client liability as a wharf owner for third-party property damage and bodily injury arising out of the care and custody of vessels.

Ship repairer’s Liability For client liability for vessels and other third-party exposures (including bodily injury) arising out of repair operations.

Charterer’s LiabilityFor client liabilities assumed under a charter party; primarily hull damage and protection and indemnity (P&I) risks.

Excess Marine LiabilityFor client capacity needs in excess of any of the above coverage and/or excess P&I, Collision Liability and Tower’s Liability.

BumbershootA marine umbrella policy providing coverage in excess of marine and incidental non-marine primary policies, with a self-insured retention feature for uninsured marine perils.

MARINE LIABILITY

Marine Insurance

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MARINE HULL

When it comes to hull insurance, you need to know that you are dealing with a specialist – someone who appreciates the risks involved and can tailor protection to suit your specific exposures. BaoViet’s hull staff has a wealth of underwriting experience with technical knowledge of all classes of hull business.

Worldwide coverage is available for:

TankersBulk carriers General cargo vessels Roll-on/roll-off vesselsLNG-LPG carriers

Coverage is also offered for:

TugsBargesSupply vessels/crew boatsResearcher vesselsFerriesCharter boats

MARINE CLAIMS

In addition to standard hull coverage, BaoViet can arrange P&I insurance on most types of non-oceangoing vessels, as well as for war risk (including confiscation, expropriation and nationali-sation) and builders’ risk.

With 64 member companies in nationwide, BaoViet is the only member of Lloyd’s Agency Network of Loss Adjusters in Vietnam. BaoViet has also estab-lished loss adjuster agency relationships with more than 100 international insurance companies with a presence in every continent, giving BaoViet an in-depth understanding of local laws, regulations and markets. This unparalleled global connectivity also gives BaoViet the ability to respond swiftly and effectively, both when establishing cover or dealing with losses as they occur.

MARINE HULL

Marine Insurance

CLAIMS

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IN PARTNERSHIP WITHBAOVIET HOLDINGSIn partnership with BaoViet Holdings, HSBC is able to provide value-added service by offering a com-prehensive range of insurance products for our corporate customers with a broad range of advan-tages:

One-stop service

With HSBC’s one-stop service, customers can now obtain both banking and insurance services at one contact point – their local HSBC branch.

Competitive coverage and premiums

As BaoViet’s sole foreign partner, HSBC can provide products and services at a competitive price.

World-class customer service

Our dedicated team of experienced Corporate Insurance Services and Relationship Managers are able to assist customers in choosing the most appropriate insurance plans for their needs.

HSBC global experience in insurance

With over 20 million insurance policy holders in more than 50 countries and territories worldwide, HSBC draws on 200 years of experience to provide top insurance consultancy services to our corporate customers.

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The HSBC Group is one of the largest banking and financial services organisations in the world, with well-established businesses in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. As of December 2008, the HSBC Group had over 8,500 offices in 86 countries and territories, serving over 100 million customers.

HSBC Bank (Vietnam) Ltd.

HSBC first opened an office in Saigon (now Ho Chi Minh City) in 1870. In August 1995, HSBC opened a full-service branch in Ho Chi Minh City. In 2005, HSBC also opened its second branch in Hanoi and established a representative office in Can Tho.

In September 2007, HSBC acquired 10 per cent share capital of BaoViet Holdings, becoming the sole foreign strategic partner of Vietnam’s leading insurance company. In October 2009, HSBC signed an agreement to increase its shareholding in BaoViet Holdings to 18 per cent for VND1.88 trillion (approximately US$105.3 million).

In December 2005, HSBC acquired 10 per cent share capital of Vietnam Technological and Commer-cial Joint Stock Bank (Techcombank), one of the largest joint-stock commercial banks in Vietnam by equity. In July 2007, HSBC became the first foreign bank to increase its stake in Techcombank to 15 per cent. In September 2008, HSBC completed the increase of its stake in Techcombank to 20 per cent, becoming the first foreign bank in Vietnam to hold 20 per cent stake in a domestic bank.

In January 2009, HSBC started operating its locally incorporated entity and became the first foreign bank to incorporate in Vietnam. The new entity, HSBC Bank (Vietnam) Ltd., is headquartered at the Metro-politan Building, 235 Dong Khoi Street, District 1, Ho Chi Minh City.

HSBC Insurance (Asia Pacific) Holdings Limited

HSBC Insurance (Asia Pacific) Holdings Limited, a wholly-owned subsidiary of The Hongkong and Shanghai Banking Corporation Limited, is the parent company of four underwriting companies: HSBC Insurance (Asia) Limited; HSBC Life (International) Limited; HSBC Insurance (Singapore) Pte. Limited; and HSBC Amanah Takaful (Malaysia) Sdn Bhd (49 per cent held). Its shareholdings also include 50 per cent less one share of Hana HSBC Life Insurance Co., Ltd in Korea, 26 per cent of Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd in India, and 18 per cent of BaoViet Holdings in Vietnam. Through its companies, HSBC has a presence in the Hong Kong Special Administrative Region (SAR), the Macau SAR, Singapore, Taiwan, Malaysia, Korea, India and Vietnam. In Mainland China, it has representative offices in Beijing, Shanghai and Guangzhou. HSBC Insurance (Asia-Pacific)’s total assets were in excess of US$14.8 billion at the end of December 2007.

THE HSBC GROUP

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BAOVIET HOLDINGS – the leading financial and insurance group in Vietnam

Through more than 40 continuous years of strong development and growth, BaoViet Holdings has strengthened its position to become Vietnam’s top insurer. With its extensive and widespread network, including 125 branches and subsidiaries throughout the country, together with other peer companies such as BaoViet Fund Management Company, Vietnam International Assurance Joint Stock Company, BaoViet Securities Company, BaoViet Bank, and BaoViet Investment Company, BaoViet has asserted its position as one of Vietnam’s leading financial-insurance groups.

BaoViet Insurance Corporation (BaoViet Insurance)

Part of BaoViet Holdings, BaoViet Insurance Corporation is a key player in non-life insurance, reinsurance, claim and survey business, financial investment, and other financial businesses within Vietnam. With a presti-gious position and extensive experience in insurance gained from its long-standing operation, strong financial capability, nationwide agency network of 66 member companies, more than 2,800 staff and 10,000 profes-sional agents, and a comprehensive understanding of the local market, BaoViet Insurance has always been Vietnam’s leading insurer.

Important Notes 1. This document is for your information and the description herein is a general summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the Policy wordings for complete details of coverage and exclusions.

2. The availability of coverage is subject to underwriting assessment upon receipt of an application.

3. In the event of any inconsistency between the English and the Vietnamese version of this brochure, the Vietnamese version prevails.

Marine Insurance is underwritten by BaoViet Insurance Corporation, hereafter referred as BaoViet. (Address: 35 Hai Ba Trung Street, Ha Noi, Vietnam). It is not an obligation of, deposit in, or guaranteed by HSBC Bank (Vietnam) Ltd.

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Call

(84 8) 3520 3059

Email

corporateinsurancevmo@hsbc.com.vn

Visit

HO CHI MINH CITYThe Metropolitan235 Dong Khoi St., Dist.1

HANOIThe Pacific Place83B Ly Thuong Kiet St., Hoan Kiem Dist.

Apply Now!

Issued by HSBC Bank (Vietnam) Ltd.

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