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)