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Moon Food Production - Marine Inland

Habib Insurance Company Ltd has provided a quotation for marine inland transit insurance for M/s. Moon Food Product, covering solar PV panels and related equipment during transit from Karachi Port to Super Highway. The insurance includes an all-risk cover with a net premium of Rs. 66,775 and a deductible of Rs. 100,000, subject to various terms and conditions including exclusions for certain risks. The quotation is valid for 15 days from the date of issue, August 11, 2023.

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23 views2 pages

Moon Food Production - Marine Inland

Habib Insurance Company Ltd has provided a quotation for marine inland transit insurance for M/s. Moon Food Product, covering solar PV panels and related equipment during transit from Karachi Port to Super Highway. The insurance includes an all-risk cover with a net premium of Rs. 66,775 and a deductible of Rs. 100,000, subject to various terms and conditions including exclusions for certain risks. The quotation is valid for 15 days from the date of issue, August 11, 2023.

Uploaded by

abdurraheemkhan422222
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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HABIB INSURANCE COMPANY LTD

HEAD OFFICE: 1ST FLOOR HABIB SQUARE M.A JINNAH ROAD KARACHI

DATED: August 11, 2023

QUOTATION – MARINE INLAND TRANSIT

PROPOSER M/s. Moon Food Product

INTEREST COVERED Solar PV Panel, Inverter, Mounting, Monitor, Meter & Ground System, Installation
Accessories and Cables as owned by the proposer.

TYPE OF COVER Inland Transit, as per Company’s standard inland transit


policy wording.

COVER All Risk Subject To:


• Rail/Road Cargo Clauses “A”
• Rail/Road Strike Clauses (Cargo)

TRANSIT ROUTE From: Karachi Port to Super Highway (Insured’s Premises)

ANNUAL TURNOVER Rs. 55,744,200/-

PER CARRY Rs. 15,000,000/-

GROSS RATE Road/Rail Cargo Clause ‘A’ + SRCC @ 0.10%


(Govt. levies and stamp duty to be applicable)

NET PREMIUM Rs. 66,775/- (Inclusive of Govt. levies and stamp duty)

DEDUCTIBLE Rs. 100,000/- on each & every loss

TERMS & CONDITIONS


• Loss or damage caused by or resulting from the following pilferage, rust or oxidation and discoloration, inherent
defects, jerks / jolt or Scratching.
• Leave the carrying vehicle unlocked if cargo left unattended in carrying vehicle.
• Fault or defects for which (supplier) is responsible either by law or under contract (warranty).
• Consequential loss and liability of any kind.
• Subject to containerized cargo, if containerized, consignment must be covered by waterproof tarpaulin.
• Subject to Transits to be carried out only by reputed transporter/logistic company.
• Warranted in the event of theft / snatching / burglary / hijacking / pilferage, if in the opinion of the surveyor
transporter is involved, client will lodge FIR against the transporter / owner of the vehicle. (Only if warranty of
fidelity guarantee policy cannot be fulfilled)
• Warranted insured must obtain and keep record of CNIC copies of drivers of the vehicles transporting the goods.
• Complete details of carrying transporter to be provided.
• Subject to Roadworthiness of the carrying truck.
• Mysterious disappearance and unexplained loss of content
• Hazardous, Prohibited & banned items under the law.
• Excluding breakage unless caused by an accident to be carrying vehicle and/or carrier/transport.
• Carrier Breach of Trust Exclusion
• Excluding losses caused by Fraudulent and Dishonest acts of Employees/Third Party Drivers.
• Terrorism risk excluded.
• Excluding Consequential Losses.

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• Nuclear Energy Risks Exclusion Clause (Marine) 1.1.90
• Political Risk, Financial Guarantee & Credit Risk Exclusion Clause
• Institute Cyber Attack Exclusion Clause (CL380)
• Sanction Limitation and Exclusion Clause LMA 3100
• Communicable Disease Exclusion LMA 5394 (amended)
• Information Technology Hazards clause
• Cyber Exclusion Clause JX2020-007

VALIDITY 15 days from date of issue

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