DSV Cargo Insurance

E-mail : insurance@ie.dsv.com
DSV CARGO INSURANCE
DSV Insurance A/S
Banemarksvej 58
2605 Broendby
Denmark
Tel:- (+45) 43 20 36 39
Fax:- (+45) 43 25 34 22
Email:- groupcargoinsurance@dsv.com

Thank you for showing an interest in purchasing DSV

Cargo Insurance. This document aims to clarify all matters
regarding costs and conditions for DSV Cargo Insurance
and how to act in case of accidents.
Costs

DSV Cargo Insurance provides a safety net for your shipments

at very competitive rates by offering all-risk cargo insurance. Our rates are
based on individual consignments as the insurance premium is determined
by the value of your goods, destination and the means of transport.
Furthermore, it is possible to take out insurance for the full invoice value of
the goods plus up to 10% to cover administration.
For detailed information on our rates, please refer to
section 3.

Conditions

A freight forwarders liability is limited and you will often only receive
compensation for part of your loss, if the loss or damage is compensated
at all. DSV Cargo Insurance covers all standard commodities against
accidents, or any other incident causing loss or damage. All-risk cargo
insurance is provided on the globally accepted Institute Cargo Clauses
issued by the London Insurance Market.
For information on excluded cargo, please refer to section 1.

Around the globe

Our insurance covers your cargo to and from most countries around the
world. For certain countries however, a separate agreement with DSV
Insurance A/S is required.
Please seek information on those countries in section 2.

Insurance guidelines

In most cases, our all-risk insurance conditions will apply to cargo policies
taken out through DSV. We do, however, make sure to include any additional
clause that might be relevant to your specific consignment.
You can make yourself familiar with our all risk insurance
conditions in section 4.

In case of accidents

Forget about never-ending claims handling and legal disputes. In case of

damage or loss just follow a few basic steps to receive your compensation,
fast and hassle free.
1. Check the exterior condition of the goods.
2. Make written reservations and take photos if possible.
3. Send a letter or e-mail holding the carrier responsible.
Give a short description of the damage or shortage, and
the economic consequences. If possible enclose
photos.
4. Forward your claim to your usual DSV contact person.
Please make yourself acquainted with time limits for
forwarding claims section 5.

SECTION 1 Cargo that requires referral under the all-risk insurance policy
Blueprints
Designs
Tobacco
Livestock
Art Work
Corrosive Products
Guns, Arms / Ammunition
Liquid Gas
Semi-precious Metals

Project Cargo
Temperature Controlled Cargo

Deeds
Tickets
Cigarettes
Securities
Bulk Shipments(non-containerized)
Electronics
Hazard/Dangerous Goods
Mineral products

Semi-precious Stones
Software
Wine

Manuscripts
Documents
Patterns
Aircrafts and parts
Chips & CPUs
Furs
Helicopters
Mobile Phones
Precious Stones
Spirits and Liqueur
Watches

Stamps
Money
Treasury Notes
Antiques
Computers
Game Consoles
Jewellery
Precious Metals
Project Cargo
Please turn over

SECTION 2 When Insuring consignments transporting to or from the following Countries please
refer to your local DSV contact (the list is not all inclusive)
Afghanistan
Africa

Bangladesh
Bolivia
Cambodia

Cuba
Ecuador
Georgia
Iran
Iraq

Israel
Jamaica
Kazakhstan
Mongolia
North Korea

Pakistan
Paraguay
Sri Lanka
Syria
Yemen

SECTION 3 Insurance premium calculation table

STANDARD
COMMODITIES

Prices as a percentage (Inclusive of IPT if applicable)

Means of Transport

Road, Rail, Air & Sea

To or from (*A+*B refer to separate zone chart, quotation available on application)

Domestic Transport in a Western European Country

0.20

ZONE 1 Western Europe. North America, Australia and New Zealand, China,
Hong Kong, Japan, Singapore, Baltic, Central and Eastern Europe, Middle East,
Malaysia, South Korea, Thailand, Taiwan

0.29

ZONE 2 Belarus, Central & South America, Caribbean, Asia, Russia, Cuba,
Georgia, Israel, Pakistan, Brazil (*A), India (*A), Africa (*B) and other countries
that must be referred.

0.58

Minimum Premium

EUR 20.00

Prices as a percentage (Inclusive of IPT if applicable)

Used and unpacked goods.
Minimum premium: EUR 20.00
Excludes scratches, marks, dents, rusts and oxidation

NON-STANDARD
COMMODITIES
(WORLDWIDE)
Standard Rate

Fragile goods e.g. ceramics, marble, furniture etc

Minimum premium: EUR 100.00

1.00

Additional rate for household goods, motor vehicles.

Minimum premium: EUR 200.00
Excludes scratches, marks, dents, rusts and oxidation

1.00

The insurance premium is calculated as a percentage of the

goods value, including freight, plus 10% to cover administration.

SECTION 4 Additional conditions

Used and unpacked goods: The insurance does not cover scratches, marks,
dents, rust and oxidation or damage to mechanical or electronic systems.
Used goods, terms and conditions clause will apply and is available upon
request.
Minimum premium: EUR20

Please refer to your local DSV contact for goods valued above
EUR 500,000 (EUR 25,000 for non-standard goods) &/or for War
and Strike risks rates.
Household Goods and Personal Effects: The insurance does not
cover scratches, marks, dents, rust and oxidation or damage to
mechanical or electronic systems.
The Household Goods and Personal Effects Clause will apply and is
available on request.
Min premium: EUR200

Vehicle or pleasure crafts: The insurance does not cover scratches, marks,
Storage insurance: Storage that is not part of the normal transport
dents, rust and oxidation or damage to mechanical or electronic systems.
The Vehicle and Pleasure Craft Clause will apply and is available on request. chain can be insured for up to three months, and insurance is offered on
all risk insurance conditions at a monthly rate of 0.10% of the value of
Minimum premium: EUR200
the goods. For long term storage we can always be contacted for lower
rates.

SECTION 5 Time limits for forwarding claims

Road or rail: 7 days

Sea: 3 days
Air: 14 days

Where a survey is required, you must contact us immediately. Please be aware that in case of damage you must seek the claims adjusters acceptance
before selling or destroying goods.

For further information contact : insurance@ie.dsv.com