Marine Insurance
Marine Insurance Cover
Mission Express Ltd holds a full Marine Insurance Policy (No. 100001LL) with Lonham Marine Underwriters, Ipswich, IP4 1LN
The policy covers movements throughout the world with exception to the following countries whereupon terms and conditions must be agreed prior to shipment: Albania, Afghanistan, Azerbaijan, Bosnia & Herzegovina, Burundi, Chechnya Republic, Democratic Republic of Congo, Iraq, Liberia, Nigeria, Rwanda, Sierra Leone and Somalia
Subject Matter
Every description of approved goods must be suitably packed and protected to withstand the normal rigours and transit undertaken.
The following commodities are excluded unless agreed by the Underwriters prior to sending and maybe able to be covered under a revised premium rate. Please consult with our Customer Services Dept whom will be able to establish confirmations and premiums if applicable:
- Alcoholic beverages (this commodity is under review for general cover without prior notification and confirmation)
- Documents, monies of every description, securities, negotiable documents or instruments, bonds, bullion, stamps, credit & debit cards.
- Fresh Fish, fresh fruit and fresh vegetables
- Furs, fishmeal and refined sugar
- Household goods and personal effects
- Jewellery, watches and perfumes
- Laptop Computers
- Metals (other than iron and steel)
- Micro chips, mother boards, and or memory of any kind which is not part of a complete system
- Mobile telephones, components, parts and accessories
- News print, pulp, reels of paper
- Precious metals and stones
- Tobacco and tobacco products
Maximum coverage £250,000 per sending.
Premium: £35 minimum or the declared value for Customs and the carriage charges combined plus 10% and multiplied by 1.5%
Example
Value of goods being despatched : £5000 (V)
Net Carriage charges incl FSS : £850 (C)
Total insurance value = (V + C) + 10% = £6435 (T)
Net insurance premium (P) = (T) x 1.5% (£35 min)
= £6435 x 1.5%
(P) = £96.53
Enquire about insurance>
