Page 5 - RMAI BULLETIN Oct - Dec 2019

RMAI BULLETIN OCTOBER TO DECEMBER 2019

CARGO LOSS

PREVENTION-

MACHINERIES

(NEW AND SECOND

HAND)

Sumon Ganguly
Dy Manager
National Insurance Co. Ltd.

hen we look at major marine losses, it
W of the client are related to plant, types of over dimensional cargo cannot be stuffed into
isobservedthatmostofthebiglosses
the containers, the same is dispatched in bare
condition. The general insurance industry suffers
machinery (both new and second hand)
cargo during its transportation. The causes mainly
andequipmentsonly.Theselossesusually substantial losses due to accident to the oversized
occur during sea voyage, storage and inland transit. being improper carriage and positioning of the
The damage to machineries also occurs during loading, machineryandalsounfitnessofthecarryingvehicle.
unloadingandtransshipmentoftheconsignment.
UnderwritingConsiderations:
In our experience,thecause of loss to theconsignment The underwriters should obtain following information
occurs due to accident to the carrying vehicle, water priortoacceptanceofsuchtypesofrisks:
damage (both sea and rain water), multiple handling, 1) Countryoforigin.
inadequacy of packing, poor stuffing, improper
2) NameoftheOEM.
securing, lashing, overloading etc. In some cases long
storage in open at Port, Railway yard, Transit shed is 3) Typeofconsignment.
also responsible for damage. The losses due to rusting,
4) Mode of Packing – containerized or non-
oxidation, pitting, and corrosion to the machinery and
containerized
machinery equipments caused by absorption of
moisture are also common. Some machinery is also 5) Whether consignment shall be kept on Deck or
shipped/dispatched as project cargo. The project underDeck.
cargos like Generators, Turbines, Boilers, Vessels,
6) Whetherneworsecond-hand.
Reactors, Castings, Heavy diesel engine are heavy
machineries ranging of 25 MT to over 1000 MT and of 7) Types of vessels and conveyances to be involved
more than 100 meters in width and height. Since such forCarriage.

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