GOODS IN TRANSIT INSURANCE

International cargo: marine, river, air and land [road and rail] transport

International cargo can be insured against “all risks” as part of the “extended cover” or only against “basic risks”.
International transport is understood as transport of goods with the departure and destination points outside the Republic of Croatia or goods accompanied by international transport and customs documents.
The insurance covers cargo loss or damage during transport due to a traffic accident, natural disaster, fire or explosion, delivery of incomplete pallets, theft [partial or total], damage due to improper handling, exposure to rain, etc.
With cargo insurance, the premium rate primarily depends on the type of goods carried, the transport route, the shipment value, as well as the type of vehicle.

Types of insurance cover for cargo in marine transport

A – All risks – the insurance covers all risks of physical loss or damage to the insured goods, except for types of damage excluded from the insurance, as specified in the contract.
B – Basic risks – extended cover – fire or explosion, vessel or craft being stranded, grounded, sunk or capsized; overturning or derailment of land conveyance; collision or contact of vessel, craft or conveyance with any external object other than water; discharge of cargo at a port of distress; earthquake, volcanic eruption or lightning; loss or damage to the subject-matter insured caused by general average sacrifice; jettison or washing overboard; entry of sea, lake or river water into vessel, craft, hold, conveyance, container, liftvan or place of storage; total loss of any package lost overboard or dropped whilst loading onto or unloading from vessel or craft; as well as general average and salvage charges.
C – Basic risks – fire or explosion, vessel or craft being stranded, grounded, sunk or capsized; overturning or derailment of land conveyance; collision or contact of vessel, craft or conveyance with any external object other than water; discharge of cargo at a port of distress; loss or damage to the subject-matter insured caused by general average sacrifice; jettison or washing overboard; as well as general average and salvage charges.

Types of cargo insurance cover in land, rail and air transport

A – All risks – the insurance covers all risks of physical loss or damage to the insured goods, except for types of damage excluded from the insurance, as specified in the contract.
B – Basic risks, extended cover – fire or explosion, traffic accident (vehicle collision, impact, overturning, derailment, fall), earthquake, volcanic eruption, lightning, windstorm, flood, landslide, avalanche and similar natural disasters, robbery, entry of lake or river water into the vehicle, container or place of storage during the insurance period, theft or delivery of incomplete pallets, total loss of each pallet caused by accidental fall during loading or unloading of the vehicle, and salvage charges.
C – Basic risks – fire or explosion, traffic accident (vehicle collision, impact, overturning, derailment, fall), earthquake, volcanic eruption, lightning, windstorm, flood, landslide, avalanche and similar natural disasters, loss or damage to the insured cargo due to robbery, as well as salvage charges.

Road carrier’s liability for transported goods

This type of insurance covers damage for which the carriers are held liable by the owner of the transported goods, or their insurer (in the case when there is also cargo insurance), under a road carrier’s liability insurance contract for damage caused to goods in road transport.
The policyholder may negotiate a sum insured of their choice (cover limit), and there is also a legal limit to the carrier’s liability pursuant to domestic legislation and international conventions (CMR).
The premium for this insurance depends on the cover limit, number and tonnage of vehicles and whether the cover is valid only in domestic or in both domestic and international transport.
The policy does not cover road carrier’s liability for damage to any shipments owned by the carrier.