Insurance

Freight owner always risks the money during the delivery irrespective of the delivery terms with the freight agent. We offer reliable insurance of goods in transit and during storage. Our partner Mezhregiongarant insurance group has an established reputation of trusted insurance company since 1999.

Insurance policy guarantees you the reimbursement of losses suffered during transportation by any means of transport around the whole world.

Insured objects

• Transportation and overhead expenses related to delivery;
• Expected profits from the sale of goods at destination;
• Any goods transported by any mode of transportation around the whole world.

Insurance Coverage

All risks covered

Insurable events:

• Expenses and contributions to general average;
• Damage, total loss or loss of all or part of goods due to almost any reason;
• All necessary and reasonable salvage expenses and expenses aimed at decreasing and determining the amount of damage if the damage is covered under the insurance.

Particular average covered

Insurable events:

• Expenses and contributions to general average;
• Loss of goods due to means of transportation posted as missing;
•  Damage, total loss or loss of all or part of goods due to fire, lightning, storm, whirlwind and other acts of nature, wreckage or collision of ships, aircrafts and other means of transportation between each other or their collision with static or floating objects, ship grounding, bridge collapse, explosion, ice damage to ship, wetting by sea water and as a result of measures taken to save the goods or extinguish the fire;
• Damage, total loss or loss of all or part of goods due to accidents during loading, stowage, unloading of goods and fueling of ship;
• All necessary and reasonable salvage expenses and expenses aimed at decreasing and determining the amount of damage if the damage is covered under the insurance.

No damage covered except for the wreckage

• Insurable events:
• Expenses and contributions to general average;
• Loss of goods due to means of transportation posted as missing;
• Loss of all or part of goods due to accidents during
• loading, stowage, unloading of goods and fueling of ship;
• total loss or loss of all or part of goods due to fire,
• lightning, storm, whirlwind and other acts of nature, wreckage or collision of ships, aircrafts and other means of transportation between each other or their collision with static or floating objects, ship grounding, bridge collapse, explosion, ice damage to ship, wetting by sea water and as a result of measures taken to save the goods or extinguish the fire;
•  Damage to goods due to wreckage or collision of ships, aircrafts and other means of transportation between each other or their collision with static or floating objects (including ice), ship grounding, fire or explosion onboard of ship, aircraft or other means of transportation;
• All necessary and reasonable salvage expenses and expenses aimed at decreasing and determining the amount of damage if the damage is covered under the insurance.

The insurance period includes the whole transportation period from warehouse to warehouse:

• Starting from acceptance of the goods at point of departure, lasting during the whole transportation period (including freight handling, transshipment and interim storage at handling and transshipment locations) and ending at the moment of delivery to the consignee’s warehouse or other final destination warehouse indicated in the insurance policy.
• The insurance policy is also valid during the goods display at trade fairs and auctions.

Factors influencing on the insurance premium:

• Goods packing;
• Volume of shipments;
• Particular SKUs;
• Insurance terms;
• Shipment routes;
• Means of transportation;
• Availability of security or escorting.

Freight insurance terms:

• Insurance agreement can be signed both for individual shipment and for the insurance of shipments made during a long term period.
• Insurance agreement amounts are fixed in roubles and foreign currency. Insurance indemnity for damaged, missing or lost goods is paid in the currency of insurance premium.
• Claims review and payment period does not exceed 30 days from the moment when all required documents are submitted.

We are partners of Mezhregiongarant insurance company.

Established in 1999

Shareholders: Administration of the Yamalo-Nenets Autonomous District, Sever-Neftegazstroy construction company, Kogalymavia air carrier

Historic milestones:

2003 — the company is reformed into insurance group under the same name, which now included MRG-Life, a life insurance company

2010 — 100% of Mezhregiongarant insurance group shares belong to the largest Russian company in development and operation of oil and gas fields, Globalstroy-Engineering OAO (earlier known as ZAO LUKOIL-Neftegazstroy)

Mezhregiongarant insurance group OAO Company license С No. 3300 89О Mezhregiongarant insurance group

Advantages:

• Mezhregiongarant insurance group is given A rate ‘High reliability level’ by rating agency
• Mezhregiongarant insurance group is licensed for over 40 types of insurance and reinsurance
• The authorized share capital amounts to 300 million roubles
• Mezhregiongarant insurance group is the member of the All-Russian Insurers Union (VSS), the Russian Union of Motor Insurers Страховая группа (RSA), is the authorized insurer of the City of Moscow Advertising Committee, member of the Russian national committee of the International Trade Chamber – World business organization