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Published byBuddy Tyler Modified over 9 years ago
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Update of Marine Cargo Insurance to Iraq Max Zaccar
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The Present Situation
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Oil for Food Program (OIP) Established in 1990 Discontinued on the 22 November 2003 Discontinued on the 22 November 2003 Confirmation of delivery now signed by Cotechna, CPA and Iraqi Authorities Confirmation of delivery now signed by Cotechna, CPA and Iraqi Authorities Last shipments October 2004 Last shipments October 2004
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Cargo to Iraq All kinds of civilian cargo Equipment and spare parts for the country infrastructure
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Means of Shipment Air Se Sea Land
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Land Transit to Iraq All routes to Baghdad are about 600 km
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Land Transit to Iraq All routes to Baghdad are about 600 km Dangerous strip is 200 km
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Types of Claims Very few truck accidents Attacks on cargos for the CPA Hijackings of other cargos
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Truck Companies Dedicated truck companies DHL regular service
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Marine Insurance All Risk for air, sea, land Land transit All Risks includes Piracy and Malicious damage Land transit All Risks includes Piracy and Malicious damage
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Wa War and Strikes The London clauses The AWRIS clauses
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Hijackings and Thefts
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Recoveries
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Conclusion Terrorist attacks or hijackings? Insurance conditions Reputable truck company Transit in convoys Coverage limited in time
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Unless a dramatic change occurs on the security level, cargo to Iraq will unfortunately have to travel without insurance in the near future.
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