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MORE FREQUENTLY ASKED QUESTIONS

Frequently asked questions for the purchase of a container insurance policy

It is a policy that protects against loss or total or partial damage, and for the cleaning of the container, provided they happen or originate during the term of this contract, and provided as well that the equipment are under the responsibility of the consignee and/or its authorised parties.

  • The general and specific conditions of every ICI Container Insurance Policy.
  • The inspection criteria of the Institute of International Container Lessors (IICL).
  • Container Clause of the Institute. 1/1/87 - 339.

There is no limitation to the amount of equipment to ensure per shipment.

Damage arising from the exceptions indicated in the general, specific, and special conditions of this policy.

Once a total loss is indemnified, the liquidated equipment becomes the property of the insurer and the insured may offer a rescue value for the equipment, which will be deducted from the compensation.

ICI is backed by renowned reinsurers.

Anyone who has an insurable interest on equipment, shipping consignees, shipping agents, owners of the goods.

  • Total loss or damage to the insured equipment delivered by the shipping company to the consignee provided the equipment are stowed on the conveyor unit under the responsibility of the consignee and/or its authorised parties.
  • Partial loss or damage to the insured equipment by the shipping company delivered to the consignee, provided that the equipment are stowed on the conveyor unit under the responsibility of the consignee and/or its authorised parties.
  • Loss or full or partial property damage to the insured property caused by earthquakes, volcanic eruptions, landslides, lightning, tsunamis, hurricane, typhoons, tropical depressions, or other natural risks, since the container is delivered to the consignee and/or its authorised responsible parties at the destination port and is   stowed on the conveyor unit and until it is returned to the courtyards or sites authorised by the shipping company for return thereof.
  • The costs of cleaning the container attributable to the consignee.
  • Tort liability.

Yes. ICI offers maritime cargo insurance adaptable to your needs.

Report the ICI team (claims@icicoverage.com) within the first five days from the occurrence of the disaster or the learning about it.

The term of insurance starts from the date indicated in the policy and once the insured has paid the entire agreed premium.

No, the insurance is non-refundable.

  • Dry Container (Standard) 20'.
  • Dry Container (Standard) 40'.
  • Dry Container (Special) 20'.
  • Dry Container (Special) 40'.
  • Reefer 20'.
  •  Reefer 40'.
  • Tanktainer.
  • SECO Trailer 40'.
  • SECO Trailer 45'.
  • Chassis 20'.
  • Chassis 40'.

Damage caused by agents extraneous to the container not attributable to its normal   handling and damage occurring as a result of the packaging of the goods it carries.

The coverage begins running from the time the equipment is stowed on the conveyor unit and under the responsibility of the consignee and/or its authorised parties.

  • Cargo manifest.
  • EIRs [Equipment Interchange Reports].
  • Inspection.
  • Photographs.
  • Any other documents that may be required according to the negotiation conditions.
  • Document of transfer of ownership (in case of total loss).

Policy bearing the "PAID" stamp and receipt of entry.

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