1. Basic introduction

1.1. Cargo insurance provided for goods in circulation. In order to make the goods in transit in the course of transportation, they can receive economic compensation for losses caused by natural disasters or accidents within the scope of insurance coverage. And to strengthen the safety and damage prevention work of goods transportation, in order to facilitate the production of goods and the circulation of goods.

1.2. The Medwish platform provides sellers with cargo transportation insurance. Medwish has the final interpretation.

1.3. The Medwish platform and Huatai Property Insurance Co., Ltd. signed an insurance agreement.

2. Insurance coverage (including but not limited to the following)

Transportation methods include air and sea transportation.

2.1. Air transportation

2.1.1. Loss caused by damage, breakage, bending, cracking and other damage to the insurance cargo caused by vibration, collision or pressure, and resulting packaging rupture;

2.1.2. Losses caused by abandoning the aircraft due to adverse weather or other distress accidents;

2.1.3. In the event of a disaster within the scope of responsibility, the insurer shall also be liable for reasonable expenses paid for the rescue or protection of insurance goods, but the maximum limit is not to exceed the amount of insurance;

2.1.4. Loss of insurance cargo due to force majeure accidents and rain during loading, unloading, and ground transportation.

2.2. Sea transportation

2.2.1. During the transportation of the insured goods, due to natural disasters, the entire loss of the whole shipment or the presumed total loss. Where the insured goods are transported to or away from the seagoing vessel by barges, the cargo loaded on each barge can be considered as a whole batch.

2.2.2. Loss of the goods in whole or in part due to an accident caused by the transport.

2.2.3. In the event of an accident in the transport vehicle, the cargo is also subject to a total loss caused by natural disasters falling into the sea at sea.

2.2.4. All or part of the damage caused by the falling of one or several cargoes into the sea during loading or unloading.

2.2.5. Reasonable expenses paid by the insured person for taking measures to rescue, prevent or reduce the damage to the goods covered by the insured goods, but not exceeding the insured amount of the salvaged goods.

2.2.6. The damages caused by unloading at the port of refuge after the transportation vehicle is in trouble, and the special expenses incurred in unloading, storing, and transporting goods in the port of entry and the port of refuge.

2.2.7. General sacrifices, assessments, and salvage expenses.

2.2.8. The contract of carriage has a “responsibility clause for ship collisions”, and according to this clause, the shipowner shall repay the ship’s losses.

WPA coverage

In addition to the various duties of FPA, it is also responsible for the partial loss of the insured goods caused by natural disasters.

All Risks coverage

In addition to the various liabilities of the FPA and WPA, they are also responsible for all or part of the loss caused by the general external cause of the insured goods in transit.

3. Exclusion Responsiblity

3.1. Intentional behavior or negligence of the shipper or the insured;

3.2. The loss caused by the defective or natural loss of the insurance cargo itself, and due to improper packaging of the shipper's failure to comply with the cargo transportation rules;

3.3. The liability provided for in the war risk and strike insurance clauses and their exclusion liability;

4. Other losses that are not covered by insurance coverage.

Responsibility

4.1. Air transportation

This insurance assumes "warehouse to warehouse" responsibility and takes effect when the insured goods are transported out of the warehouse or storage space of the departure place stated in the insurance policy.Including the means of transportation during normal transportation, until the goods arrive at the final warehouse or storage space of the destination consignee as set out in the policy, or the insured's other storage space for distribution or abnormal transportation.If it does not reach the above warehouse or storage space, the insurance will terminate 30 days after all cargo has been unloaded from the aircraft at the final unloading point.If the insured goods need to be transferred to the destination specified in the non-insurance policy within the above 30 days, they shall be terminated when the goods are transferred.

Any change in voyage or termination of the contract of carriage due to delays in transit beyond the control of the insured, detour, forced unloading, reloading, reloading, or the carrier's use of the authority conferred by the contract of carriage. When the insured goods are transported to the destination specified in the non-insurance policy, the insured informs the insurer of the obtained information in a timely manner, and if the premium is paid as necessary, the insurance will continue to be valid. Insurance liability The following regulations are terminated.

4.1.1. If the insured goods are sold at the destination specified in the non-insurance policy, the insurance coverage is up to delivery. However, in any case, the insurance will terminate 30 days after all cargo has been unloaded from the aircraft at the final unloading point.

4.1.2. If the insured goods continue to be delivered to the original destination or other destination as set out in the insurance policy within the aforementioned 30-day period, the insurance liability shall still be terminated in accordance with paragraph (一) above.

4.2. Sea transportation

This insurance assumes "warehouse to warehouse" responsibility and takes effect when the insured goods are transported out of the warehouse or storage space of the departure place stated in the insurance policy. Including the transportation of sea, land, rivers and barges during normal transportation, until the goods reach the final warehouse or storage space of the destination consignee as set out in the insurance policy, or the insured's other storage space for distribution or abnormal transportation.If it does not arrive at the warehouse or storage space above, the insurance will terminate 60 days after the insured goods have been unloaded from the seagoing vessel at the final unloading port.If the insured goods are to be transferred to the destination specified in the non-insurance policy within the above-mentioned period of 60 days, they shall be terminated upon the commencement of the transfer of the goods.

Any voyage change or termination of the contract of carriage due to delays in transit beyond the control of the insured, detour, forced unloading, reshipment, reshipment, or the carrier's use of the authority conferred by the contract of carriage. When the insured goods are transported to the destination specified in the non-insurance policy, the insured informs the insurer of the obtained information in a timely manner, and if the premium is paid as necessary, the insurance will continue to be valid. Insurance liability The following regulations are terminated.

4.2.1. If the insured goods are sold at the destination specified in the non-insurance policy, the insurance coverage is up to delivery. However, in any case, the insurance will terminate 60 days after the insured goods have been unloaded from the seagoing vessel at the final unloading port.

4.2.2. If the insured goods continue to be transported to the original destination or other destination set out in the insurance policy within the above-mentioned period of 60 days, the insurance liability shall still be terminated in accordance with paragraph (一) above.

5. Insurant Obligations

The insured shall handle related matters in accordance with the following due diligence:

When the insured goods arrive at the port of destination specified in the insurance policy, the insured shall promptly take delivery of the goods. When it is found that the insured goods suffered any loss, they should apply for inspections to the inspection and claims agent as stated in the insurance policy. If it is found that the entire insured goods are short or there are obvious signs of damage, the carrier, trustee or relevant authority (customs, port authority, etc.) shall obtain a proof of the difference between the goods and the cargo. If the cargo damage is caused by the responsibility of the carrier, the trustee or other relevant parties, it shall file a claim with them in writing and, if necessary, obtain an extension of time-limited certification.

The insured and the insurer may promptly adopt reasonable rescue measures for the goods subject to the dangers covered by the underwriting of insurance, so as to prevent or reduce the loss of the goods. The adoption of this measure by the insured shall not be considered as a waiver of abandonment. The insurer shall take this measure and shall not be deemed to accept the effect of abandonment.

In the event of a change of voyage or the discovery of an omission or error in the goods, name or voyage specified in the insurance policy. The insured shall notify the insurer immediately after being informed and pay the insurance premium if necessary. This insurance will continue to be valid.

In claiming against the insurer, the following documents must be provided: original insurance policy, bill of lading, invoice, packing list, pound code, cargo damage proof, inspection report and claim list. If it involves the responsibility of a third party, it must also provide relevant correspondence and other necessary documents or documents for recourse against the responsible party.

After being informed of the actual responsibility of the "ship collision responsibility" clause in the transportation contract, the insurer shall be promptly notified.

6. Claim period

The time limit for this insurance claim shall not exceed 2 years from the date of occurrence of the insured event.

P.S. The platform provides insurance services and buyers can download an electronic policy online or choose the original policy.