Insurance Cover

American Hemi Speed Centre offers the customer a choice of insurance cover for their purchased item for transport from USA to Australia.

There are two types of cover offered:

First Type of Cover:

TOTAL LOSS INSURANCE COVER - Cover Under Institute Cargo Clauses "C"

Clause 1 and Clause 2 - Named Perils

Clause 1

Includes:

  • Fire and Explosion
  • Vessel or craft stranded, grounded, sunk or capsized
  • Overturning or derailment of land conveyance
  • Collision or contact of vessel, craft or conveyance with external object
  • Discharge of cargo at port of distress
  • General average sacrifice
  • Jettison or washing overboard

    • Clause 2

    Includes:

  • General Average and salvage charges

    • Institute Cargo Clauses "C" Exclusions:

  • Wilful misconduct of the assured
  • Ordinary leakage,ordinary loss in weight or volume
  • Ordinary wear and tear
  • Insufficiency or unsuitability of packing or preparation (includes stowage of goods in a container by the assured)
  • Inherent vice or nature of the subject matter insured
  • Delay
  • Insolvency or financial default of the owners,managers,charterers operators of the vessel
  • Deliberate damage or destruction
  • Unseaworthiness of vessel or craft and unfitness of vessel, conveyance or container where assured are privy to such at time of loading
  • The waiving of a breach of the implied warranties of seaworthiness and fitness of the vessel unless the assured are privy to such
  • War, civil war, civil strife, hostile act
  • Capture, seizure,arrest etc (other than piracy)
  • Derelict mines, torpedoes etc
  • Strikers, locked out workmen, riots, civil commotions
  • Resulting from strikes, riots etc

    • Second Type of Cover:

    ALL RISK INSURANCE COVER - Cover Under Institute Cargo Clauses "A"

    Includes Clause 1 and Clause 2 (as listed above) and covers all risks of loss of or damage to the subject matter insured.

    In addition to the cover afforded by the Institute Cargo Clauses "B", the following risks, from any accidental external cause, are also included:

  • Heavy weather damage
  • Rain water damage
  • Theft
  • Piracy
  • Malicious damage
  • Pilferage
  • Shortage
  • Short delivery
  • Non-delivery
  • Leakage
  • Breakage
  • Rust
  • Seating and heating
  • Denting and scratching
  • Damage by hooks, oils or other cargo
  • Taint damage

    • Exclusions:

  • Wilful misconduct af the assured
  • Ordinary leakage, ordinary loss in weight or volume
  • Ordinary wear and tear
  • Insufficiency or unsuitability of packing or preparation (includes stowage of goods in a container by the assured (eg: surface rust on unprotected steelwork)
  • Inherent vice or nature of the subject matter insured
  • Delay (even if caused by a risk insured against)
  • Insolvency or financial default of the owners, managers, charterers or operators of the vessel
  • Use of weapon of war employing atomic or nuclear fission and the like
  • Unseaworthiness of vessel or craft and unfitness of vessel, conveyance or container where assured are privy to such at time of loading
  • The waiving of a breach of the implied warranties of seaworthiness and fitness of the vessel unless the assured are privy to such
  • War, civil war, civil strife, hostile act
  • Capture, seizure, arrest etc (other than piracy)
  • Derelict mines, torpedoes etc
  • Strikers, locked out workmen, riots, civil commotions
  • Resulting from strikes, riots etc
  • Terrorist or person acting for political motive

    • Includes the risks of war and/or strikes, riots, commotions and malicious damage as per institute War Clauses and Institute Strikes Riots and Civil Commotions Clauses relevant to the particular form of transit covered by the insurance. Institute radioactive contamination, Chemical, Bilogical, Bio-chemical and electromagnetic weapons exclusion clause. Termination of transit clause (terrorism).

    Includes scratching, denting, marring, chipping.

    Subject to a $1000 USD deductible payment from the customer when the claim is lodged.

    Item is subject to a pre-shipment condition report by a marine surveyor which is an additional cost to the all risk insurance cover.

    INSURANCE COVER COSTS

    The cost of "Total Loss Insurance Cover" is 1% of purchase cost plus loading shipping and unloading cost at time of discharge from USA.

    The cost of "All Risk Insurance Cover" is 1.5 % of purchase cost plus loading shipping and unloading cost at time of discharge from USA.

    RESPONSIBILITY

    Please Note: American Hemi Speed Centre is not responsible for any damage related to the loading, or in transit or unloading of any vehicle, vessel, or parts as shipped from USA to Australia.

    Such items are at the customer's risk in accordance with insurance cover as selected.

    As at 11th of March 2011