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Compensation standards – maticshipping.com
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Compensation standards

Loss compensation, damage compensation, insurance, etc.

Loss compensation

Compensation costs for air and sea transportation will be paid according to the following standards

Sea: 2.74$ / KG
AIR: 5.48$ / KG

Compensation for damage to goods

Certain compensation will be provided based on the damage to the goods.

Purchase of insurance

0.2% of the value of the goods as insurance fee

 

Insurance Notice

Exemption agreement

(1) The absolute deductible for each breakage of fragile products such as glass, stone and ceramic products is 5% of the insured amount.
(2)Absolute deductible for paper and its products is 0.5% of the insured amount per accident.
(3) The absolute deductible for tail-end delivery only is 10% of the loss amount.
(4)The deductible for loss in box with broken outer packaging is 20% of the loss amount
(5)Deductible rate for each accident is 10% of the loss amount for each kilogram of cargo valued at more than 300 yuan.
(6) The absolute deductible for each accident of the mainline transportation of trucks of China-Europa Cargo is RMB1000 or 10% of the loss amount, whichever is higher.
(7) Deductible for cell phone, tablet computer, laser printer, electric scooter and other electronic products is RMB1000 or 10% of the loss amount whichever is higher.

Exclusions

1. The insurer is not responsible for compensation for losses and expenses caused by the following reasons:
(1) Earthquakes and tsunamis;
(2) Nuclear radiation, nuclear explosion, nuclear pollution, radioactive pollution, air pollution, land pollution and other various pollutions
(3) Administrative or judicial actions, war, hostilities, military actions, armed conflicts, strikes, riots, riots, terrorist activities, customs seizures and other government actions or market administration
Losses and expenses caused by licensing, etc.;
(4) Losses caused by intentional or gross negligence and illegal and criminal acts by the policy holder or the insured;
(5) Losses caused by poor packaging or poor quality or shortage of quantity before the insurance liability began;
(6) Losses or expenses caused by the inherent defects of the insured subject matter or natural loss, mildew and deterioration, essential defects, characteristics, drop in market price, poor packaging, and transportation delays:
(7) Losses caused by failure to put the insurance subject on the shelves due to the barcode of the outer box entering the warehouse or the barcode of the goods being sold not meeting the requirements of the destination warehouse;
(8) The outer packaging of the insured subject matter is intact but the inner part of the box is lost.
(9) Insure against loss of parts of the whole box on the shelf.

Insurance instructions

1. During the insurance period
The insured shall immediately report to the Company the occurrence of the agreed insurance accident. The insurance company has the right to refuse to bear the compensation responsibility if the intentional delay in reporting causes the loss to be enlarged.
The insurance company has the right to refuse to bear the compensation responsibility.
The insured shall fulfill the obligation of truthful notification, and all information and content declared and entered must be true, true and truthful, and the insurance company shall not be liable for compensation or payment of insurance benefits for concealed or untruthful content.
For any concealment or untrue entry, the insurer will not be responsible for compensation or payment of insurance benefits and will not refund the insurance premium.
3、If the insured entries are inconsistent with the actual cargo transportation information, the insured should notify the modification as soon as possible, otherwise the insurance company will not bear the insurance responsibility for the loss caused by the inconsistent information.
4、If the insured fails to pay the insurance premium as agreed, the policy will not be effective and the insurer will not be liable for compensation.
During the insurance period, if the degree of danger of the subject matter of the insurance increases significantly, the insured shall notify the insurer in a timely manner according to the contract, and the insurer has the right to demand an increase in premium or terminate the contract.
The insurance company has the right to demand an increase in premium or terminate the contract.
6、If the insurance subject matter is insured on the shelf, and the destination warehouse is not on the shelf, the insurance liability shall be until the insurance subject matter arrives at the designated destination warehouse (FBA) for 45 days at the latest, and the default is to insure the whole container on the shelf, if you need to expand the insurance single shelf, the insurance liability shall be paid in addition.
If you want to expand the insurance policy, you need to check the box to insure the individual shelves.
7、Only for overseas transportation, if the goods are delivered by express delivery at the tail end, the subject matter of insurance will be insured from the extraction record; if the goods are delivered by truck at the tail end, the subject matter of insurance will be insured from the overseas warehouse.
8、After the goods arrive at the destination, if the goods are found to be damaged, it is necessary to report to the police within 5 working days of receipt of the goods, and the insurance company has the right to refuse to bear the liability if the goods are reported to the police in more than 5 working days.
9、Tail end express delivery, express pickup, if found lost, need to report back within 30 days, more than 30 days feedback lost, the insurance company has the right to refuse to bear the responsibility for compensation
*** Translated with www.DeepL.com/Translator (free version) ***

 

FAQ

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A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.