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POLICY QUOTATION FORM

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FREQUENTLY ASKED QUESTIONS

Frequently Asked Questions

It is a policy that protects against total/partial loss or damage and covers container cleaning costs, provided they are incurred during the period of validity, as specified in the contract, and provided that the equipment is under the responsibility of the consignee and/or its authorized parties.

  • The general and specific conditions of each container insurance policy offered by ICI.
  • The inspection criteria outlined by the Institute of International Container Lessors (IICL).
  • The Container Clause of the Institute (1/1/87 – 339).

There is no limit to the amount of equipment that can be insured per shipment.

Any damage arising from events indicated in the general, specific, and special conditions of each policy.

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

ICI is backed by world-renowned reinsurers.

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

  • Total loss or damage to the insured equipment delivered by the shipping company to the consignee, provided the equipment is stowed on the conveyor unit under the responsibility of the consignee and/or its authorized parties.
  • Partial loss or damage to the insured equipment delivered by the shipping company to the consignee, provided that the equipment is stowed on the conveyor unit under the responsibility of the consignee and/or its authorized parties.
  • Total/partial loss or damage to the insured property caused by earthquakes, volcanic eruptions, landslides, lightning, tsunamis, hurricanes, typhoons, tropical depressions, and other natural risks, during a period that begins the moment the container is delivered to the consignee and/or its authorized parties at the destination port and stowed on the conveyor unit, and ends the moment it is returned to the courtyard(s) or site(s) authorized by the shipping company.
  • The costs of cleaning the container, attributable to the consignee.
  • Tort liability.

Yes, ICI offers cargo insurance that can be adapted to your needs.

Report to our customer care team (claims@www.icicoverage.com) within the first five days of the disaster’s occurrence or when you first learn about the disaster.

The term of insurance starts from the date indicated in your policy, effective once the insured party has paid the entire agreed premium.

No, our insurance policies are 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'

Our insurance policies are applicable worldwide.

Damage caused by agents to the exterior of the insured container that is not attributable to normal shipping and handling risks, such as damage occurring due to the packaging of the contained goods.

Coverage begins from the moment the insured equipment is stowed on the conveyor unit under the responsibility of the consignee and/or its authorized parties.

  • Cargo manifest
  • Equipment Interchange Receipts (EIRs)
  • Inspection
  • Photographs
  • Document indicating the transfer of ownership (in case of a total loss)
  • Any other documents that may be required according to the conditions of your policy

Your policy document bearing a “PAID” stamp and receipt of entry.

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