This Insurance covers the risk of physical loss or damage to
the insured'goods/ machinery/raw materials etc., caused by fire
lightning breakage of bridges, overturning of vehicle , collision
with or by the carrying vehicle derailments or accidents of like
nature to the carrying railway wagon or vehicle.
pilferage and/or non delivery (TPND) :-
It should be noted that non delivery refers only to non delivery of
entire package due to any cause and that short delivery or shortage,
meaning the delivery of packages short of their full weight, would
not be covered. The policy may for certain commodities be extended
to cover shortage but evidence of actual loss would be necessary.
2. Fresh Water and/or Rain Water Damage :-
These risks exist particularly when inland transit it is
involved before shipment or after discharge and while awaiting
shipment or delivery. This cover is sought for cotton shipments, piecegoods, hides skims and general merchandise.
3. Hook Damage :-
Goods may be damaged by hooks used in the process of loading and/or
unloading. Bagged cargo and carpets are particularly liable to hook
4. Oil Damage :-
This risk generally arise from contact of cargo with oil that
has leaked from the engines of the steamer. Damage by oil taint is
very common in the case of food stuffs and other cargo like tobacco
by Mud, Acid and Other Extraneous Substances.
6. Heating :-
Some cargos like rise oil - cakes, fishmeal, coal etc. are liable to
"Spontaneous". heating due to growth of micro organisms,
insects or by straight oxidation.
Damage due to condensation of water in the ships holds, as a
result of climatic changes or insufficient ventilation is covered
under the team "Sweating". The term also includes damage caused by
the sweating of the commodity itself. e.g., groundnuts from the west
coasts of Africa are notorious for their tendency to sweat.