ATA Carnet Cargo Insurance
ATA Carnet shipments are unique in that they are not a one-time transport. A shipment on an ATA Carnet can continue traveling from country to country, with periodic stops in between where the goods are unpacked and then repacked. With this in mind, it is easy to understand why a typical cargo insurance policy may not fully cover goods moving on an ATA Carnet.
The enhanced insurance policy that we are offering fills the gap for ATA Carnet shipments. Features of the policy include “All Risks” coverage for new and used goods, including transit to and from a foreign ATA Carnet member country, as well as the time the merchandise is in those countries; and duty reimbursement in the event goods are lost or stolen. The policy also covers goods checked as luggage or hand-carried.
It is also important to note that not all ATA Carnet Countries are covered under this program and not all goods are fully insurable. Before purchasing the necessary coverage, it is always best to check with DB Schenker eCarnet Service Team to see if you can fully insure the goods. This does not necessarily mean that we will fully exclude these items from the insurance policy. We can arrange for a special program that will be beneficial to your type of shipments.
A premium quote will be provided on the Estimated Fees page, contact 1.844.eCarnet (1.844.322.7638) or
eCarnet@DBSchenker.com if you have any questions.
Read further for the exact Terms and Conditions of the policy:
Terms and Conditions:
New Goods and/or merchandise Classified as Professional Equipment or Commercial Samples or Exhibitions & Fairs (excluding Jewelry & Fine Arts for all categories) are:
Insured against all risk of physical loss or damage from any external cause, but excluding wear and tear, inherent vice, pre-shipment condition, loss of time, loss of market, or delay whether caused by a peril insured against or otherwise, irrespective of percentage, but excluding those risks as are excluded by the F.C. & S. nuclear exclusion and S.R. & C.C. of this policy.
Used Goods and/or merchandise classified as professional equipment or Commercial Samples or Exhibitions & Fairs (excluding jewelry & fine arts for all categories) are:
Insured against all risks of physical loss or damage from any external cause, but excluding wear and tear, inherent vice, pre-shipment condition, loss of time, loss of market, or delay whether caused by a peril insured against or otherwise, further excluding marring, chipping, denting and scratching, electrical and mechanical derangement unless the assured is able to demonstrate that such damage is the result of a peril insured against, irrespective of percentage, but excluding those risks as are excluded by the F.C. & S. nuclear exclusion and S.R. & C.C. of this policy.
Duration:
This insurance covers while the goods insured are in transit to, from and whilst located in foreign member ATA Carnet countries, and until 1) expiration of the ATA Carnet, or 2) Assured exceeds the number of entries into member ATA Carnet countries checked on the insurance policy, whichever occurs first. (Underwriter's prior approval will be required on all shipments to the CIS countries.)
Valuation:
Goods are to be valued at Actual Cash Value (replacement cost less depreciation) plus any prepaid and/or advanced and/or guaranteed freight, if any. Value declared prior to shipment and prior to any known or reported loss or accident. Foreign currency to be converted into U.S. dollars at rate of exchange in New York on date of invoice.
Deductible:
Each claim for loss or damage is subject to a per occurrence deductible of 1% of the insured value, but not less than $50 or more than $500.
Precautions:
The Assured must take all reasonable precautions, as though he was not insured, to protect and avoid loss or damage to the goods insured.
This insurance is optional and is available according to the rate schedule below:
1-3 Foreign Country Visits or Transits - Rate = 0.80%
4-7 Foreign Country Visits or Transits - Rate = 1.05%
8-11 Foreign Country Visits or Transits - Rate = 1.55%
12-15 Foreign Country Visits or Transits - Rate = 1.80%
Minimum Premium is $100.00. Rates are subject to change.
* Visits to European Union countries are calculated by each country being visited or transited, not by custom entries.
** Rate of Insurance is always multiplied by the total General List value.
Notes:
Rate discounts are available for large volume users and/or high value goods. Please contact 1.844.eCarnet (1.844.322.7638) or eCarnet@DBSchenker.com.