Background Color:
 
Background Pattern:
Reset
Cargo insurance
Cargo insurance is one of the oldest insurance types. Its development is closely connected with the history of world trade. Dating back to XVII century, in London there was established the first in the world association of professional marine insurers.

In nowadays, a list of risks in cargo carriage is increasing every day, as in transit any accident can occur.

TIT will help to avoid losses in any unforeseen conditions of cargo carriage whether about Russia or in international carriage.

At your discretion, you can enter in an insurance policy with Insurance Company “TIT” Limited both for a single carriage and for shipments sent or received within a certain period. If necessary, TIT’s expert can help to choose a reliable carrier.

TIT accepts in insurance all types of cargo carried by:

- Motor transport;
- Rail way transport;
- Air transport;

- Sea/river transport

Insurance risks

- fire and explosion;
- theft, robbery, brigandage;
- vehicle average;
- stranding, running ashore, scuttling or overturning of a vessel;
- accident in loading/unloading works;
- natural disasters: hail, storm, hurricane, tornado, floods, flooding, earthquake землетрясение, landslip, etc.;
- jettison and/or washing overboard;
- other events set out in an insurance agreement.

Insurance rates

Rates depend on conditions of insurance, cargo character, conditions and routes of carriage, covered risks and period of insurance.

Cargo types

Transport types

Railway

Road vehicles

Aviation

Bulk cargo

0.15 - 0.50

0.15 - 0.35

0.10 - 0.20

Hard goods

0.15 - 0.45

0.20 - 0.45

0.15 - 0.25

Manufactured goods

0.20 - 0.50

0.25 – 0.50

0.20 - 0.30

Foods

0.20 - 0.45

0.30 - 0.50

0.20 - 0.35

Alcohol drinking

0.30 - 0.60

0.30 - 0.55

0.25 - 0.40

Perishable goods

0.30 - 0.60

0.40 - 0.60

0.30 - 0.55

Breakable goods

0.35 - 0.55

0.35 - 0.60

0.30 - 0.45

Artworks

0.45 - 0.80

0.45 - 0.70

0.35 - 0.60

Audio-, video-, office appliances

0.35 - 0.65

0.30 - 0.60

0.15 - 0.40

High valued

0.80 - 0.90

0.60 - 1.20

0.80 - 1.10

Loss payment

Amount of claim payment will be determined by an insurer proceeding from the insurable value of lost or damaged insured item. Maximum indemnity is limited by the sum insured less a deductible specified in an insurance policy and damages received from persons at fault.

Advantages to insure at TIT Limited Insurance Company

You will be offered an option to insure your cargo:

- in accordance with the requirements for product supply;
- in accordance with required level of insurance (list of risks and insurance period);
- for full contract price (for insurance of foreign trade contracts, a sum insured can be in amount of 110% of a contract price);
- in the value of a contract for product supply;
- for the period of carriage from the time of loading at the point of shipment to the time of passing over to a consignee at the point of delivery including periods temporary storage at intermediate points.

TIT’s additional services

- development of individual insurance programs under conditions of a Master Policy;
- attraction of independent survey firms (MARINEX ITS, EUROGAL, KROGUIS, etc.) to determine the cause and amount of a loss;
- development of measures to diminish possible losses in cargo carriage;
- arrival of a specialist to conclude an insurance agreement.