Insurance includes ground transport to our Florida warehouse, ocean transport and delivery to the customer on St. Croix at a rate of 1.1% of invoiced value plus freight, Customs, Excise and clearing charges on all goods except vehicles, which are insured if less than 10 years old at a rate of 1.5% of value. To insure a shipment we must have a commercial invoice before the item is shipped across the ocean.
Cargo is exposed to many risks during transportation and this
fact makes cargo insurance an important decision. Insure for the unexpected.
The V.I. Cargo insured bill of lading offers you:
- Peace of mind
- Efficient claim processing
- Competitive Rates
- No deductible
· Coverage commences from the
time the goods leave the shipper and/or supplier's place of business and
continues in force during the ordinary and customary course of transit to the
final destination
· Cargo is protected against
"all risk" of physical loss or damage from any external cause irrespective of
percentage of loss.
· Insurance remains in force for
fifteen (15) days after vessel discharge or delivery, whichever occurs first.
Concealed damage must be reported within three (3) business days of delivery.
· Certain commodities are
excluded for coverage. For a listing of these items, please contact our office.
Starting January 1, 2011, insurance on all shipments will be
automatically included unless the customer prefers to opt out and
provides written instructions.