Transport insurance rules

(abridged)

1. GENERAL STIPULATIONS.

§1. Insurance Company Ingosstrakh Limited accepts in accordance with these Rules for insurance cargoes and also anticipated profit and commission, freight and expenses connected with the carriage of the cargo…

These Rules are an integral part of insurance contract and could be modified and amplified only by mutual written agreement of the parties.

2. EXTENT OF LIABILITY.

§2. Under insurance contracts concluded in accordance with these Rules are indemnified losses arising from fortuitous accidents and perils of the carriage. The insurance contract may be concluded on the basis of one of the following conditions:

1. “All risks”. Under an insurance contract concluded on this condition are indemnified irrespective of percentage:

1. losses due to damage to or total loss of the whole or part of the cargo arising from all perils except those specified in §6 of the Rules;

2. losses, expenses and contributions allowed in general average;

3. any necessary and properly incurred expenses for the salvage of the cargo and also for minimizing the loss and ascertaining its extent, if the loss is indemnified in accordance with insurance conditions.

2. “With particular average”. Under an insurance contract concluded on this condition are indemnified:

1. losses due to damage to or total loss of the whole or part of the cargo caused by fire, lightning, storm, whirlwind and other elemental disasters, stranding or collision of vessels, aircraft and other means of transport with each other or by contact with any fixed or floating objects, grounding, collapsing of bridges, explosion, damage to the vessel by ice, wetting by sea or river water and also owing to measures taken for salvage and extinction of fire;

2. losses in consequence of the vessel or aircraft being missing;

3. losses due to damage to or total loss of the whole or part of the cargo in consequence of accidents in loading, stowage and discharge of the cargo and in taking in fuel by the vessel;

4. losses, expenses and contributions allowed in general average…

3. “Free from particular average”. Under an insurance contract concluded on this condition are indemnified:

1. losses due to damage to or total loss of the whole or part of the cargo caused by fire, lightning, storm, whirlwind and other elemental disasters, stranding or collision of vessels, aircraft and other means of transport with each other or by contact with any fixed or floating objects, grounding, collapsing of bridges, explosion, damage to the vessel by ice, wetting by sea or river water and also owing to measures taken for salvage and extinction of fire;

2. losses in consequence of the vessel or aircraft being missing;

3. losses due to damage to or total loss of the whole or part of the cargo in consequence of accidents in loading, stowage and discharge of the cargo and in taking in fuel by the vessel;

4. losses due to damage to the cargo caused by stranding or collision of vessels, aircraft and other means of transport with each other or with any fixed or floating objects, grounding, fire or explosion on shipboard, aircraft or other means of transport;

5. losses, expenses and contributions allowed in general average…