Transit Australia & STA

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CARRIERS PACKAGE
Presented by
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Vero National Marineproudly presentsTRANSIT
AUSTRALIACARRIERS COMBINED PACKAGE
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CARRIERS COMBINED PACKAGE

• Designed to accommodate carriers with one truck
  or 10 trucks. Benefits include
• Policy wording provides options
• No adjustment if deposit premium lt 2,000
• Policy not subject to average or underinsurance
• Policy conditions/options summarised on the
  proposal
• Plain language policy wording.

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CARRIERS COMBINED PACKAGECOMMON TERMS

• You means the carrier named in the schedule
  including subcontractors.
• Subcontractors means any person or company to
  whom you have given the goods and/or merchandise
  for carriage. Where you are acting as a
  subcontractor to a principal carrier, this means
  you are carrying goods and/or merchandise on
  behalf of the principal carrier.

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CARRIERS COMBINED PACKAGECOMMON TERMS

• Cartage conditions - the terms and conditions
  contained in your consignment note and your
  cartage contract agreements with your clients, if
  approved by us, prior to risk attaching.
• Goods /or Merchandise - as detailed in the
  schedule, including all retail sales packaging
  shipping containers carried by you your
  subcontractors

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CARRIERS COMBINED PACKAGE

• If cover is required for livestock, household
  goods, personal effects, and other specified
  items (eg jewellery, money), these must be
  specifically included in the policy schedule.

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CARRIERS COMBINED PACKAGE

• Three cover options
• Carriers Goodwill
• Nominated Clients
• Carriers Liability.

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GENERAL CONDITIONS THE INSURED TRANSITS GENERAL
FREIGHT

• Commences when each item is first moved for the
  specific purpose of loading on to the conveying
  vehicle, terminates when delivered to the
  intended destination
• Includes any period where the goods are shut
  out from the conveyance or intended destination
  (maximum 21 days)
• Excludes any period of dismantling, erection,
  commissioning, testing, or storage other than as
  required for transhipment or on - carriage.

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GENERAL CONDITIONS THE INSURED TRANSITS
LIVESTOCK

• Commences when each animal enters the conveyance
  or its loading ramp
• Terminates when each animal is discharged from
  the conveyance or its loading ramp at the
  destination
• Includes whilst the Livestock are transhipped or
  are being rested for up to seven days during the
  ordinary course of transit.

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GENERAL CONDITIONS EXCLUSIONS

• This insurance does not cover loss or damage
  resulting from
• Terrorism (unless in the ordinary course of
  transit)
• Nuclear/radioactive contamination
• War (unless the goods are on board a ship,vessel
  or aircraft)
• Goods owned or leased by the Insured or their
  employees
• Any illegal activity
• Inherent vice
• Delay

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GENERAL CONDITIONS EXCLUSIONS

• This insurance does not cover loss or damage
  resulting from
• Loss of market, loss of profit, consequential
  loss of any description.
• Mechanical, electrical or electronic breakdown,
  derangement or malfunction of the insured goods.
• If the insured goods are livestock, this
  insurance also does not cover
• Failure to pass tests or examinations, or
  inoculation and its after effects
• Slaughter or confiscation on account of
  infectious diseases.

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CARRIERS GOODWILL THE INSURED EVENTS

• Physical loss of or damage to the goods
  (death, physical injury or slaughter for humane
  reasons in the case of livestock) directly caused
  by
• Fire, explosion, lightning or flood
• Collision of the conveying vehicle
• Overturning, jackknifing or derailment
• Collision, crashing or forced landing of
  aircraft
• Impact of the goods
• High-jacking or armed hold-up.

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CARRIERS GOODWILL THE INSURED EVENTS

• For transits by sea - the policy further
  covers physical loss of or damage to the goods,
  directly caused by
• Jettison, washing overboard or General Average
  Sacrifice.
• War whilst the insured goods are on board the
  carrying vessel or aircraft.
• Also, General Average and Salvage contributions
  are payable when required under any Bill of
  Lading.

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Carriers GoodwillThe Insured Events

• You can request the following extensions
• accidental physical loss or damage during loading
  and unloading (not available for livestock)
• theft, pilferage or non-delivery
• breakdown or malfunction of refrigerating
  machinery
• (4 hour time excess applies).

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CARRIERS GOODWILL HOW MUCH WE WILL PAY

• We will pay the claimant, or other parties
  agreed with
• the claimant, the lesser of
• what it costs to repair or reinstate the goods
  to a condition similar to that prior to the loss,
  or
• the invoice value, or
• if there is no invoice value, the cost of
  replacing the goods with similar goods of the
  same age and condition or as near as possible
  thereto.

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CARRIERS GOODWILL HOW MUCH WE WILL PAY

• If livestock,we will pay the claimant, or
  other parties agreed with the claimant
• the net invoice i.e less stock agents commission
  if applicable, or
• if no invoice, the cost of replacing the
  livestock with similar livestock of the same age
  and condition or as near as possible to that age
  condition.

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CARRIERS GOODWILL HOW MUCH WE WILL PAY

• Additional benefits (if required to pay )
• Cleaning up or decontaminating your premises
  following the return of salvaged goods, including
  disposal costs - up to 25,000
• Clean up and disposal costs at accident site - up
  to 25,000
• Reasonable costs to avoid or minimise loss or
  damage.

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CARRIERS GOODWILL HOW MUCH WE WILL PAY

• Additional benefits in the case of Livestock
• In the case of injury to livestock we will pay
  (at our option) the cost of agisting the
  livestock to bring them back to their condition
  prior to the loss, or the agreed depreciation in
  value if they are sold as injured livestock
• The cost of mustering animals following an
  incident up to a limit of 25 of the value of the
  livestock.

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NOMINATED CLIENTS THE INSURED EVENTS

• THIS OPTION NOT AVAILABLE FOR LIVESTOCK.
• Covers Accidental Physical Loss or Damage to or
  unexpected deterioration of the goods, including
• Strikes riots and civil commotions
• Malicious damage
• For transits by sea the policy further covers
• Jettison, washing overboard or General Average
  sacrifice.
• General Average and salvage contributions
• War whilst the goods are on board the carrying
  vessel or aircraft.

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NOMINATED CLIENTS HOW MUCH WILL WE PAY

• We will pay the claimant, or other
  parties agreed with the
  claimant, the lesser of
• what it costs to repair or reinstate the goods
  to a condition similar to that prior to the loss,
  or
• the invoice value, or
• if there is no invoice value, the cost of
  replacing the goods with goods of the same age
  and condition or as near as possible thereto.

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NOMINATED CLIENTS HOW MUCH WILL WE PAY

• We will pay the claimant, or other parties
  agreed with the claimant
• Legal Liability for damage to shipping
  containers 20,000
• The cost of reconditioning / replacing damage
  labels or packaging if the loss or damage only
  relates to damaged labels or packaging.

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NOMINATED CLIENTS HOW MUCH WILL WE PAY

• If we do agree to pay a claim based on the
  aforementioned perils we will also pay the
  following additional benefits
• Cleaning up or decontaminating of your premises
  following the return of salvaged goods, including
  disposal costs - up to 25,000
• Clean up and disposal costs at accident site -
  up to 25,000
• Reasonable costs to avoid or minimise loss or
  damage.

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CARRIERS LIABILITY COVER is only available to
those carriers who have Consignment Notes and/or
contracts containing terms, conditions and
exclusions that are approved by us, and who
endeavour to have consignment notes signed or
their contract terms imposed as a continuing
standard management practice. Once your
consignment note conditions and contract terms
are approved by us, we do not exclude or reduce
cover if a consignment note is not signed or
issued.

• This IMPORTANT INFORMATION is contained in the
• CARRIERS COMBINED PACKAGE APPLICATION -
• POLICY INFORMATION

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CARRIERS LIABILITY

• If you elect not to claim under Goodwill or
  Nominated Clients and wish us to defend your
  legal liability, or you have selected Carriers
  Liability Cover only then this policy covers you
  if an Australian Court finds, or we accept, you
  are legally liable to pay compensation for
• the amount awarded against you in respect
  of physical loss or damage to the
  goods carried
• the claimants legal expenses awarded
• your legal defence costs up to 250,000
• any interest awarded
• removal of debris or clean up costs
• any other charges awarded against you.

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WE THANK YOU FOR YOUR ATTENTION AND WISH YOU
EVERY SUCCESS WITH TRANSIT AUSTRALIA CARRIERS
COMBINED PACKAGE