AIG Freight Forwarder Liability Insurance
Scope Of Cover

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contact usTel: (852)2526-6674

Fax:(852)28687-1759

Email: info@grandtrust.com.hk

Freight Forwarder Liability Insurance (“FFL”) provides covers for you against legal or contractual liability arisen under the Relevant Laws &
Regulations whilst you are in the provision of services under the Relevant Trades in the insured territorial limit including expenses incurred therefor and
other contingencies including but limited to:

– Liability for damage to cargo

– General Average or Salvage contribution

– Liability for Errors & Omissions and Fines & Duty to customs authority

– Liability towards third party; and the related:

  • Legal expenses
  • Mitigation cost
  • Debris removal cost

– Uncollected cargo Cost

Main Exclusions for Freight Forwarder Liability Insurance

– Excluded Properties:

  • - Money, coins in any form
  • - Livestock, blood stock, living or creatures in any form
  • - Precious metals, precious or semi-precious stones
  • - Self-propelled vehicles in any form whilst it is moved by its own power or on tow during the course of transit except it is transported as
    non-mobilized cargo
  • - Property owned, hired by, leased, loaned to the Insured

– Other Exclusions:

  • - Confiscation by Authority
  • - Defamation, libel & slander
  • - Financial risks
  • - Inventory shrinkage, unexplained loss
  • - Duty, tax, penalty, fines
  • - Loss of life or bodily injury unless otherwise insured (except for insured under third party liability)
  • - Guarantee
  • - Pollution and contamination
  • - Punitive or exemplary damage
  • - Reckless or dishonest conduct of the Insured
  • - Wrongful release of cargo (except for insured under Errors & Omissions)