cargo insurance - kuehne · why is cargo insurance so important? uninsured cargo within the supply...
TRANSCRIPT
Why is cargo insurance so important?uninsured cargo within the supply chain is exposed to risk. Without proper protection in place the cargo is exposed to many potential risks like theft, fire, general average or weather hazards which are beyond your control.
regardless of your form of transport, traditional carrier liability islimited and is usually calculated by kilo. Local and internationallaw, as well as conventions governing your contracts of carriage,often exclude or at least limit the claims compensation availableto you as a customer.
the carrier is liable only if all following conditions are met:1. the damage/loss of goods happened in the carrier’s custody 2. Liability of carrier is proven 3. the liability is not excluded under international conventions
LimiteD LiaBiLity For carrier cLaimsairfreight (montreal convention) 19 sDr per kgseafreight (hauge Visby rules) 2 sDr per kgoverland (cmr) 8,33 sDr per kgrail (cim) 17 sDr per kg
hoW can Kn sure support your Business?Kn sure is an insurance solution specifically developed forcustomers who are engaged in supply chain activities. our Kn sure products are designed according to the frequency of your shipments and service requirements. Kn sure insurance solutions can be tailored according to the industry in which you operate.
Our sOlutiOns Or YOur OptiOns
Knsure spOt simple yet comprehensive cover for one-off shipments
Knsure FlEX Covers all shipments handled by Kuehne + nagel, as well as flexiblity of opting out at any time
Knsure FiX Covers all shipments, not only those handled by Kuehne + nagel
Why choose Kn sure?Kn sure is our in- house insurance solution all backed by top ratedinsurance companies. in cooperation with our in-house insurancebroker subsidiary, nacora international Brokers, we havedeveloped an insurance solution tailoring to the demands andneeds of the customers.
For our Kn sure FLeX or FiX solutions, there is the added benefit of your insurance being automatically applied when bookingshipments, without any additional administration. supported by anetwork of in-house insurance specialists across 30 locationsglobally, your cargo is in safe hands with Kn sure.
proDuct inFormation sheet
cargo insurance
www.kn-sure.kuehne–nagel.com [email protected]
A one-stop shop for your freight and insurance
requirements
Compensation up to full insured value of your goods
regardless of cause or fault by carrier
Competitive premiums
Door-to-door coverage, including loading/unloading
Fast and easy payment of valid claims
No insurance administration
Cover by market leading insurance companies
your advantages
www.kuehne–nagel.com.ua
passing oF risKs anD costs
incoterms 2010
the possibility that an event may occur which could cause loss of or damage to the goods is a “risk”. Buyers and / or sellers can protect themselves against risks by transport-insurance.
covers all costs except costs of documents. sales and purchase contracts should clearly state which costs on trasfer of the goods are for account of buyer and / or seller.
transport insurance is the responsibility of the seller.
risKs costs
remark: For detailed explanation reference is made to icc publication incoterms 2010. this document is provided to our customers for informational purposes only. please refer to the official text of the international chamber of commerce for a full and detailed description of all rights and liabilities arising from the use of the aforementioned incoterms.
Passing of risks and costs
EXW
FCA
CPT
CIP
DAT
DAP
DDP
all m
odes
of
tran
spor
tse
a an
d in
land
wat
erw
ay t
rans
port
INCOTERMSCode
EX Works (… named place)
SELLER 1 2 3 CARGO CUSTOMS 4 TERMINAL
This document is provided to our customers for informational purposes only.Please refer to the official text of the International Chamber of Commerce for a full and detailed description of all rights and liabilities arising from the use of the aforementioned Incoterms.
CUSTOMS 7 CARGO 8 BUYER TERMINAL
Free Carrier (… named place)
Carriage Paid To (…named place of destination)
Carriage and Insurance Paid to (…named place of destination)
Delivered At Terminal (… named place)
Delivered At Place (…named place)
Delivered Duty Paid (…named place of destination)RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
FAS
FOB
CFR
CIF
INCOTERMSCode
Free Alongside Ship (…named port of shipment)
RisksThe possibility that an event may occurwhich could cause loss of or damage tothe goods is a “risk”. Buyers and / or sellerscan protect themselves against risks bytransport-insurance.
Remark: For detailed explanation reference is made to ICC publication INCOTERMS 2010
CostsCovers all costs except costs ofdocuments. Sales and purchasecontracts should clearly state whichcosts on transfer of the goods are foraccount of buyer and / or seller.
SELLER 1 2 3 CARGO CUSTOMS 4 TERMINAL
CUSTOMS 7 CARGO 8 BUYER TERMINAL
Free On Board (…named port of shipment)
Cost and Freight (…named port of destination)
Cost, Insurance and Freight (…named port of destination)
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
5 6
5 6
Passing of risks and costs
EXW
FCA
CPT
CIP
DAT
DAP
DDP
all m
odes
of
tran
spor
tse
a an
d in
land
wat
erw
ay t
rans
port
INCOTERMSCode
EX Works (… named place)
SELLER 1 2 3 CARGO CUSTOMS 4 TERMINAL
This document is provided to our customers for informational purposes only.Please refer to the official text of the International Chamber of Commerce for a full and detailed description of all rights and liabilities arising from the use of the aforementioned Incoterms.
CUSTOMS 7 CARGO 8 BUYER TERMINAL
Free Carrier (… named place)
Carriage Paid To (…named place of destination)
Carriage and Insurance Paid to (…named place of destination)
Delivered At Terminal (… named place)
Delivered At Place (…named place)
Delivered Duty Paid (…named place of destination)RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
FAS
FOB
CFR
CIF
INCOTERMSCode
Free Alongside Ship (…named port of shipment)
RisksThe possibility that an event may occurwhich could cause loss of or damage tothe goods is a “risk”. Buyers and / or sellerscan protect themselves against risks bytransport-insurance.
Remark: For detailed explanation reference is made to ICC publication INCOTERMS 2010
CostsCovers all costs except costs ofdocuments. Sales and purchasecontracts should clearly state whichcosts on transfer of the goods are foraccount of buyer and / or seller.
SELLER 1 2 3 CARGO CUSTOMS 4 TERMINAL
CUSTOMS 7 CARGO 8 BUYER TERMINAL
Free On Board (…named port of shipment)
Cost and Freight (…named port of destination)
Cost, Insurance and Freight (…named port of destination)
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
5 6
5 6
Passing of risks and costs
EXW
FCA
CPT
CIP
DAT
DAP
DDP
all m
odes
of
tran
spor
tse
a an
d in
land
wat
erw
ay t
rans
port
INCOTERMSCode
EX Works (… named place)
SELLER 1 2 3 CARGO CUSTOMS 4 TERMINAL
This document is provided to our customers for informational purposes only.Please refer to the official text of the International Chamber of Commerce for a full and detailed description of all rights and liabilities arising from the use of the aforementioned Incoterms.
CUSTOMS 7 CARGO 8 BUYER TERMINAL
Free Carrier (… named place)
Carriage Paid To (…named place of destination)
Carriage and Insurance Paid to (…named place of destination)
Delivered At Terminal (… named place)
Delivered At Place (…named place)
Delivered Duty Paid (…named place of destination)RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
FAS
FOB
CFR
CIF
INCOTERMSCode
Free Alongside Ship (…named port of shipment)
RisksThe possibility that an event may occurwhich could cause loss of or damage tothe goods is a “risk”. Buyers and / or sellerscan protect themselves against risks bytransport-insurance.
Remark: For detailed explanation reference is made to ICC publication INCOTERMS 2010
CostsCovers all costs except costs ofdocuments. Sales and purchasecontracts should clearly state whichcosts on transfer of the goods are foraccount of buyer and / or seller.
SELLER 1 2 3 CARGO CUSTOMS 4 TERMINAL
CUSTOMS 7 CARGO 8 BUYER TERMINAL
Free On Board (…named port of shipment)
Cost and Freight (…named port of destination)
Cost, Insurance and Freight (…named port of destination)
RISKScoStS
RISKScoStS
RISKScoStS
RISKScoStS
5 6
5 6
obligation
insurance
recommended
insurace is recommended insurace is obligatory