bangladesh marine tariffs

Marine Rating Committee

BANGLADESH MARINE TARIFFSEffective from 01-01-2000

The Central Rating Committee have approved the Rules, Regulations, Rates, Advantages,

Terms, Conditions, Laid down by the Marine Rating Committee, as contained herein, for

Transaction OF Marine Insurance Business in Bangladesh in accordance with the provisions of

part II 3BBB of the Insurance Amendment Act 1990 (1938)

This Tariff supersedes the previous Marine Tariff and is effective from 01-01-2000 in respect of

new business/renewals falling due on or after that date.

This Tariff is binding on all insurers.

I N D E X

1


Section No. Name Sheet no

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

General Rules & Regulations

War, Strikes, Riot & Civil Commotion Tariff

Bangladesh Import Tariff

Inland Tariff

Inland Cargoes (Waterborne) Tariff

Air Cargo Tariff

Bangladesh Specie Tariff

Tea Tariff

Jute & Jute goods Export Tariff

Country Boat Tariff

Export Tariff

Shut-Out Cargo Tariff

Inland Marine Hull Tariff

03-07

08-12

13-32

33-40

41-46

47-53

54-55

56-58

59-60

61-71

72-78

79-80

81-84

Section – 1General Rules and Regulations

1. Scope :

The Tariff applies THROUGHOUT BANGLADESH.

2. Policy Wordings and Clauses :

2


i) All Marine policies shall be issued on the Standard Policy forms.

ii) Policies shall be subject to relevant Standard Clauses, issued by the institute of London

underwriters or standard Clauses provided and/or specified in the Tariff.

3. Minimum Premium :

It is not permissible for any Insurer to issue any specific policy in Marine Department, Charging

a premium less than Tk.100/- and any specific declaration certificate of separate letter of cover

in place of certificate under a Marine Open Policy carrying a Premium less than Tk.30/-.

However, this provision regarding Minimum Premium of Tk.30/- shall not apply where the full

premium under the open policy has been paid in advance.

Where Cargo is carried in a Vessel not complying with the Institute Classification Clause. The

additional premium applicable for overage, under tonnage and non – classification as per

Schedule under this section of the Tariff shall be charged, subject to changes in the schedule

from time to time.

If the cover under the policy is extended by covering additional perils during the period of the

policy necessitating issue of another document, a minimum premium of Tk.30/- per document

shall apply to each subsequent document issued to provide wider coverage.

4. Wider Cover :

No risk, in addition to those provided for in the Tariff, may be included without appropriate

additional premium.

5. All Rates provided in the Tariff are Net, unless expressly provided otherwise in this Tariff and

no discount whatsoever is permissible except in lieu of agency commission, where applicable.

6. Stamp Duty/ Vat and other taxes:

a) Marine policy shall carry stamp duty as per the stamp Act 1889 (and subsequent

amendments thereto). The stamp duty shall be recoverable from the Assured.

b) VAT and other taxes shall be charged to the insured as per law.

7. War and/or Strikes Riots & Civil Commotion’s Risks :

(a) War and/or S.R. & C.C. Risks shall be covered in conjunction with Marine/Transit Risks only.

(b) The Rate of premium for covering War and/or S.R.C.C. Risks shall be as per scale.

(c) Where the risks of War/SRCC are not included, cover shall be subject to the institute War

Exclusion Clause & Strike Exclusion Clause for the time being in force.

(d) Notice of War Risk Cancellation Clause

All Open Policies and Open Covers must contain the Institute War Cancellation Clause for the

time being in force.

(e) Notice of Strikes etc. Risk Cancellation Clause

3


Open policies or Open Covernote shall not be written without a 30 days’ (or less) Cancellation

Clause as for Marine Risks except for shipments to or from the USA to which 48 hours’

Cancellation Clause shall be applied.

(f) Sailing Warranty

The appropriate one of the following Sailing Warranties shall be inserted in any specific policy

or certificate covering or including war :

i) Declaration against an Open Cover Or Open Policy :

“Warranted to sail within 7 days from the date of the acceptance of the risk or held covered at

the Rate current on the date of sailing subject to 15 days’ notice of cancellation for risks that

have not attached under the Institute War Clauses.”

ii) Otherwise

(a) Cargo under Bill of Lading :

“Warranted to sail within 7 days from the date of the acceptance of the risk or held

covered at the Rate current on the date of sailing subject to 7 days’ notice of cancellation

for risks that have not attached under the Institute War Clauses.”

(b) Postal Sending (by Sea or Air)

“Warranted the Interest covered by this policy will be posted within 7 days of the original

acceptance or held covered at the Rate current on the day of posting subject to 7 days’

notice of cance4llation in respect of risks which have not attached in respect of the

foregoing.”

8. General

The Word ‘ Policy/ies’ wherever used, either in the General Rules and Regulations or in the various

Tariffs, shall mean Specific Policy, Open policies, Open Cover, Certificate of Insurance.

9. Open Policies and Open Covers :

i) Cancellation Clause

All Open Policies and Open Covers shall contain a cancellation Clause requiring written

notice from either side of a period not exceeding 30 days. War and/or S.R. & C.C. shall be

subject to Cancellation Clause as provided in the relevant Tariff.

ii) The Following Warranty must be inserted in all Open Policies & Open covers :-

“This contract is subject to such Tariff Rates and regulations in force at the time the risk

on each dispatch attaches hereunder.”

10. Existing Rates, terms and conditions etc. under Open Policies/Open covers which are not in

conformity with the revised Rates, terms and conditions under the applicable section of Tariff

shall be withdrawn from the next renewal date of such open Policies/Open covers. In all other

cases if cover issued for a period of more than 12 months, the existing Rates Shall be

4


withdrawn and Rates applicable as per this tariff shall be applied effective midnight

from……………..

11. Tariff Rates and Premium etc., Calculation

(a) Where any risk falls in whole or in part within the scope of any tariff, then the appropriate

tariff Rate applicable to the part of the risk coming within a tariff, shall be shown on the

policy, subject always to Regulation 3 “Minimum Premium”.

(b) Where a Rate for “All Risks” as per ICC “A” in respect of any commodity is provided in

the same of any other section of this Tariff, any variations in the covers provided in the

Tariff shall be referred to the Marine Rating Committee and pending decision of the

Marine Rating Committee, a Rate not less than the Tariff Rate applicable for All Risks

Cover shall be provisionally charged.

(c) No risk additional to those provided for and Rated in a Tariff may be included without

additional premium.

12. Refund of General Average Deposits

Deleted

13. Rating of Vessels other than Liners

Vessels which are over 15 years of age but not over 25 years of age and have established

and maintained a regular pattern of trading on an advertised schedule to load and unload at

specified ports will be declared as Liners by the Marine Rating Committee.

Other Vessels over the age of 15 years shall be charged overage extra as per the Scale of

Additional Premium provided in the Tariff.

Additional premium for non-classification and under-tonnage shall also be charged as

indicated in the Scale of Additional Premium.

INSTIUTE CLASSIFICATION CLAUSE (1-8-97)

THE MARINE TRANSIT RATES AGREED FOR THIS INSURANCE APPLY ONLYTO CARGOES AND/OR INTERESTS

CARRIED BY MECHANICALLY SELF-PROPELLED VESSELS OF STEEL CONSTRUCTION CLAUSED AS BELOW BY

ONE OF THE FOLLOWING CLASSIFICATION SOCIETIES.

Lloyd’s Register of shipping … 100A1 or B.S.

American Bureau of Shipping … + A1

Bureau Veritas … 1 3/3 E +

China Classification Society … * CSA

Germanischer Lloyd … + 100 A5

Korean Register of Shipping … + KRS 1

Russian Maritime Register of Shipping … KM*

Nippon Kaiji Kyokai … NS*

Det Norske Veritas … + 1 A 1

Registro Italiano Navale … * 100 A 1.1.

5


Provided such Vessels are

(a) i) not bulk and/or combination carriers over 10 years of age.

ii) not mineral oil tankers exceeding 50,0( ) GRT which are over 1 years of age.

b) i) not over 15 years of age, OR

ii) over 15 years of age but not over 25 years of age and have established and maintained a

regular pattern of trading on an advertised schedule to load and unload at specified ports.

CHARTERED VESSELS AND ALSO VESSELS UNDER 1000 G.R.T. WHICH ARE MECHANICALLY SELF-PRO-

PELLED AND OF STEEL CONSTRUCTION MUST BE CLASSED AS ABOVE AND NOT OVER THE AGE

LIMITATIONS SPECIFIED ABOVE.

THE REQUIREMENTS OF THE INSTITUTE CLASSIFICATION CLAUSE DO NOT APPLY TO ANY CRAFT RAFT OF

LIGHTER, USED TO LOAD OF UNLOAD THE VESSEL, WHILST THEY ARE WITHIN THE PORT AREA.

CARGOES AND/OR INTERESTS CARRIED BY MECHANICALLY SELF-PROPELLED VESSELS NOT FALLING

WITHIN THE SCOPE OF THE ABOVE ARE HELD COVERED SUBJECT TO A PREMIUM AND ON CONDITIONS TO

BE AGREED.

INSTITUTE CLASSIFICATION CLAUSE 01/01/2001

Attaching to and forming part of policy No. ………………………………………………………………….

Qualifying Vessels

1. This insurance and the marine transit rates as agreed in the policy or open cover apply only to

cargoes

and/or interests carried by mechanically self-propelled vessels of steel construction classed with a

Classification Society which is :

1.1 a Member or Associate member of the International Association of Classification Societies

(IACS) or

1.2 a national flag Society as defined in clause 4 below, but only where the vessel is engaged

exclusively in the coastal trading of that nation (Including trading on an inter island route

within an archipelago of which that nation forms part).

Cargose and/or interests carried by vessels not classed as above must be notified promptly to

underwriters for rates and conditions to be agreed. Should a loss occur prior to such agreement

being obtained cover may be provided but only if cover would have been available at a reasonable

commercial market rate on reasonable commercial market terms.

AGE LIMITATION

6


2. Cargoes and/or interests carried by Qualifying Vessels (as defined above) which exceed the

following

age limits will be insured on the policy or open cover conditions subject to an additional premium

to be agreed. Bulk or combination carriers over 10 years of age of other vessels over 15 years of

age unless they :

2.1 have been used for the carriage of general cargo on an established and regular pattern of

trading between a range of specified ports, and do not exceed 25 years of age, or

2.2 were constructed as containerships, vehicle carriers or double skin open-hatch gantry

crane vessels (OHGCS) and have been continuously used as such on an established and

regular pattern of trading between a range of specified ports and do not exceed 30 years

of age.

CRAFT CLAUSE

3. The requirements of this Clause do not apply to any craft used to load or unload the vessel within

the

port area.

NATIONAL FLAG SOCIETY

4. A National Glag Society is a Classification Society, Which is domiciled in the same country as the

owner

of the vessel in question which must also operate under the flag of that country.

PROMPT NOTICE

5. Where this insurance requires the assured to give prompt notice to the Underwriters, the right to

cover is

dependent upon compliance with that obligation

LAW AND PRACTICE

6. This Insurance is subject to English law and practice.

War, Strikes Riot

And

Civil Commotion Tariff

7


SECTION – 2

WAR STRIKES RIOT & CIVIL COMMOTION TARIFF

Rules, Regulations and Schedule of minimum War and S.R. & C.C. Rates for Cargo and/or Specie and/or all interest other

than Hull, Ship-owners interest and accompanied personal effects.

Applicable to all business whether accepted facultative or otherwise.

All War, S.R. & C.C. Rates must be shown separately in Policies and Bills for Premium.

For Vessels sailing on and after 9th October, 2001 Only to apply to risks underwritten or declarations accepted by

underwriters on and after 9th October, 2001.

FOR DIRECT SHIPMENTS

No reduction to be granted for Mine Risks only.

Rates applicable to sailing’s within 7 days or held covered but open slips and/or open contracts may not be written

without a Cancellation Clause for War Risks not exceeding 7 days, S.R. & C.C. Risks subject to 7 days Cancellation

Clause except for shipment to and from USA to which a 48 hours Clause must be applied.

For interior transits in Bangladesh (not in conjunction with an Overseas voyages) the 48 hours Clause must be applied

for S.R. & C.C. Risks.

All Dates are inclusive of dat6e of acceptance of original declaration.

TRANSHIPMENT – (defined as transhipment between Vessels or between Vessel and aircraft).

8


Where transhipment or transhipments take place the minimum Rate to be charged for the whole transit to the final

destination shall be the highest Rate applicable on any stage of the whole transit plus any surcharge required under

section 4 below:

ON-CARRIAGE etc. : When Cargo is not discharged at the originally in tended destination but remains on board for one or

more subsequent voyages, or is over carried and subsequently re-shipped to original or substituted port of discharge,

the additional war Rate payable shall be 50 per cent, of the scale Rate for the return voyage only shall be paid, unless

the contract of afreighment has been terminated when the full scale Rate will become payable on re-shipment.

The schedule Rate for any voyage may not be reduced even should part of the voyage have elapsed at the time the risk

is accepted by Underwriters.

Subject to Institute war Clause (Cargo) and Institute Strikes Clauses (Cargo) current at the time of commencement of

Risk.

(a) Specie, Bank Notes and/or Diamonds --- 100 percent of the Cargo schedule Rates.

Except --- 50 percent of the Cargo schedule Rates.

Gold, Silver and Coins shipped in Bullion Room by

Liners only. --- 50 percent of the Cargo schedule Rates.

But subject to a minimum Rate of

(b) Bonds and/or Securities by Registered post 0.025%

Minimum Rates

As per Schedule No. 83 of WAR & SRCC.

4. S.R. & C.C. Risks.

Cover for S.R. & C.C. only may be granted to cover transit risks (including Stationery risks in the normal

course of transit, e.g. stay in Customs or port Warehouse), in respect of ocean voyages, or for canal or river

voyages or for land transits only, at a minimum, Rate shown in the schedule No.83.

Wherever appearing the term H/C indicated that the voyage in question may be Rated at underwriters discretion.

Voyages Which Include a Delay to Cargo :

Cargo may be insured against War and S.R. & C.C Risks during delays on a voyage, through the overseas Vessel either

drifting, anchoring or slow steering within an area designated by the Assured and agreed by Underwriters, provided the

following conditions are complied with and the following additional premium is paid :

1. The contract of carriage is not terminated.

2. The following notice of Cancellation and Automatic Cancellation Clause is inserted for the whole

voyage :

This insurance may be cancelled by either the Underwriters or the Assured giving 48 hours notice (such

cancellation becoming effective on the expire of 48 hours from midnight of the day on which notice of

cancellation is issued by or to the Underwriters). The Underwriters agree however to reinstate this

insurance subject to agreement between the Underwriters and the Assured prior to the expiry of such

notice of cancellation as to new Rate of premium and/or conditions and/or warranties.

Whether or not such notice of cancellation has been given, this insurance shall TERMINATE

AUTOMATICALLY :

9


Upon the occurrence of any hostile detonation of any weapon of war employing atomic or nuclear fission

and/or fusion or other like reaction or radioactive force or matter, wheresoever or whensoever such

detonation may occur and whether or not the subject matter insured may be involved upon the outbreak of

war (whether there be a declaration of war or not) between any of the following countries :

United Kingdom, United States of America, France, the People’s Republic of China;

In the event of the subject-matter insured or the named storage Vessel being requisitioned either for title

or use.

In the event either of cancellation by notice or of automatic termination of this insurance by reason of the operation of

the above provisions a net return of premium shall be payable to the Assured, pro rata or as may be agreed.

3. The Vessel slow steams, drifts or anchors in a position which is :-

(a) not at the final destination

(b) not within a port area

Subject to all the above conditions it is accepted that the current Institute war Clause (Cargo) with such amendments

arte deemed to be Institute Clause.

The reasonable Dispatch Clause will still be applicable.

ADDITIONAL PREMIUMS applicable to voyages which include a delay to Cargo subject to the above ruling :

Delay upto 7 days 0.005%

Above appropriate Scale Rate

Subsequent periods of 7 days or part 0.005%

Each additional 7 days or part.

Crude Oil Stored Afloat – For Government Account:

For crude oil stored on board a Vessel which is insured under the Institute War and Strike Clause – Crude Oil Stored

Afloat (1.2.83) is to be insured under the current Institute War Clause (Cargo).

The following minimum Rate will apply :

0.12% per annum or pro rata subject to a minimum Rate of 0.05%

Cargo other than crude oil stored afloat in mechanically self-propelled vessels :

For Cargo stored afloat and which is insured under the Institute War and Strike Clauses – Cargo Stored Afloat in

Mechanically self-propelled Vessel (1..6.82).

The following minimum Rate will apply in respect of those areas not Rated higher than the basic voyage war Rate :

0.15% per annum or pro rata subject to a minimum Rate of 0.05%

Any other area to be H/C.

10


AIR WAR AND S.R. & C.C. RISKS

Compulsory schedule of Minimum War and S.R. & C.C. Rated for Cargo and/or Specie and/or all interests other than Hull,

Aircraft Owners’ Interest and accompanied Personal Effects.

Applicable to all business whether accepted facultative or otherwise.

For Sending on and after 9th October, 2001.

Only to apply to risks underwritten or declarations accepted by Underwriters on and after 9th October,

2001.

For Direct Sending

Rates applicable to departures within 7 days or held covered but open slips and/or open contracts may not be written

without a cancellation clause for War Risks not exceeding 7 days, S.R. & C.C. risks subject to 7 days Cancellation Clause

except for sending to and from USA to which a 48 hours’ Clause must be applied.

All dates are inclusive of date of acceptance or original declaration.

Transhipment: (defined as transhipment between aircraft and Vessel).

Where transhipment or transhipments take place the minimum Rate to be charged for the whole transit to

the final destination shall be the highest Rate applicable on any stage of the whole transit.

On Carriage Etc.

When cargo is not discharged at the originally intended destination but remains on board for one or more

subsequent transits, or is over-carried and subsequently re-shipped to original or substituted airport single transit

beyond the originally intended airport of discharge, but where the over-carriage is to an air contract of carriage has

been terminated when the full scale Rate will become payable on re-shipment.

The schedule Rate for any transit may not be reduced even should part of the transit have elapsed at the

time the risk is accepted by Underwriters.

11


For sending by Air insured subject to the appropriate Institute War Clause (Air Cargo) and Institute strikes

Clause (Air Cargo) current at the time of commencement of risk.

Bank Notes and/or Diamonds and/or all other 100% of the Cargo Schedule Rates.

Valuables

Specie and/or Bullion 75% of the Cargo Schedule Rates subject to a

minimum Rate of 0.0125%

Bonds and/or Securities by Registered Post 25% of the Cargo Schedule Rates

SCHEDULE OF RATES

The Rate applicable to the highest Rated airport of call is the Rate to be applied. As per schedule No.59.

N.B. : - The war Rate is to be showed separately from the basic transit Rate.

Wherever appearing, the term H/C indicated that the voyage in question may be Rated at Underwriters

discretion.

Bangladesh Import Tariff

Section – 3

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IMPORTS TARIFFRates are strictly net : All Rates must be shown on the policy

General Condition

1. Scope of The Tariff

i) This Tariff applies to all imports into Bangladesh.

(a) By Steamer or Powered Vessels.

(b) By mechanized goods carrying vehicles via land routes including Rail. Rates as per this

tariff.

(c) By Air: The Rates to be charged for Imports by Air will be as per Air tariff.

ii) Exclusions: Specie, Bullion, Currency Notes, Securities, Paper of Values, Precious Stones and

Jewellery, Precious Metals, Personal Effects, Postal Despatches and Bulk Petroleum Oil are

Excluded from the scope of this Tariff. All non-petroleum oil (e.g. edible oils) in bulk comes within

the scope of the Tariff.

2. Regulations and Agreement

The Regulations and Agreements section is applicable to this tariff except where otherwise varied by

the provisions hereinafter included.

3. Scope of Cover :

(i) Wider Cover in terms of the Institute Cargo Clauses ‘A’ may be given by charging ‘B’ rate plus

all the five rates as per Rate schedule No.1.

(ii) There is no provision in the Tariff for reduction in Rates in respect of so much of the sum

insured as is represented by cover against Customs Duty and Tax.

(iii) Any variation of any tariff terms and/or conditions whereby the risk of insurers is made less is

permissible, but such variation shall not entitle the assured to any reduction in tariff Rates

unless such variation of the terms and/or conditions of the tariff has been submitted to the

Committee and a special Rate has been fixed.

Rulings : 1. Wider Cover like Theft, Pilferage and Non-Delivery can be granted with Clause ‘C’

charging schedule additional premium but Theft and Pilferage alone cannot be granted.

13


4. Basic Rates

The Following minimum basic Rates should be charged in respect of all Cargo under deck by Vessels

falling within the Classification Clause (Ware house to Ware house) :-

CC ( A ) ICC ( B ) ICC ( C )

i. Via Chittagong 0.70% plus all five rates as per Rate schedule No.1 0.70% 0.50%

ii. Via Chalna/Khulna

0.70% plus all five rates as per Rate schedule No.1 0.80% 0.60%

5. Inland Transit

Deleted.

6. Post Limits

Deleted.

7. On Deck Cargoes :

On Deck Cargoes : (Excluding containerized) must be covered at double the tariff Rates of this tariff and

Cargoes in containers shipped on deck be Rated at normal tariff Rates.

8. Compulsory Excess :

(a) Vegetable oil in drums : A compulsory excess of 0.5% must be applied on the whole

shipment without giving any reduction in the tariff Rates.

(b) Motor Vehicles unboxed: A compulsory excess of Tk. 5000/- must be applied on each

unboxed motor vehicle without giving any reduction in the tariff Rates.

(c) Tea howsoever packed: A compulsory excess of 1% must be applied on the whole shipment

without giving any reduction in the tariff Rates.

(d) Yarn, Artificial Fiber and/or Silk: A compulsory excess of 1% must be applied on the whole

shipment without giving any reduction in the tariff Rates.

9. Deleted.

10. Transhipment :

Allowed as per ICC Clauses.

11.. Special Rates :

Where the rating under this tariff conflicts with the established experience of a particular client’s business,

the Committee may consider applications for special Rating subject to fulfillment of certain conditions

prescribed by the Committee.

Note : The Committee will not entertain application for special rating in respect of customs duty and tax.

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12. Special Rate for Bulk Shipments of all Vegetable Oils and/or Meals (Granules) and/or Tallow

&/or Fats:

As per Institute Cargo Clause – ‘A’

In Bulk excluding contamination 1 .00%

Including contamination 1 . 50%

With excess of 0.50% on the whole shipment.

1. Warranted shipped on fully classed tankers as per Institute Classification Clause and not

over 10 years of age. But held covered subject to payment of appropriate Overage

premium as per scale and notwithstanding the foregoing warranted not shipped on

tankers which are “War Built” or trade under the Greek Flag which must be submitted to

the Marine Rating Committee for special rating prior to the inception of risk.

2. Warranted supervised loading and discharge by recognized surveyors.

13. (Nil/Wrong/Obliterated Marks Clause : )

It is obligatory to place the following Clause on all Marine Policies covering risk of non-delivery :

Policy No. ………………

The risk on Non-delivery covered by this policy is subject to under noted.

Warranted that :

(1) Notwithstanding anything contained in the Short-Landing Report/Certificate

issued by Chittagong/Chalna Port Trust the assured and their Agents shall not

refuse to accept the offer, if any, made by the carriers of goods contained in

packge(s) landed from the ship under NIL/WRONG/OBLITERATED marks,

unless such goods are proved to be of a nature and specification materially

different from what is mentioned in the relevant invoice.

(2) By reference to para (1) above, the assured and their agents shall, for the

purpose of proving that the goods offered by the carriers are materially

different from the specification mentioned in the relevant invoice, apply

forthwith to the carriers, under advice to the insurer, for joint survey relating

to connection or otherwise of the goods with the relevant invoice.

Provided that in the event of carriers’ refusal to arrange joint survey for the

purpose of aforesaid, the assured and their Agents shall notify in writing to

the carriers’ the date, time and place fixed for survey by the surveyors

nominated by the insurer and request the carriers’ at the same time to depute

their representative to be in attendance at the time of survey.

Provided further that the aforesaid, formality shall be completed by the

assured or their agents within 30days of the date of Carriers letter offering the

package(s) under Nil marks.

(3) The assured and their Agents shall furnish to the insurer survey report

referred to in paragraph (2) Above and other related documents as may be

required by the insurer at least 60 days in advance of the time when the right

of action against the carriers would become barred by statute.

15


(4) The assured and their Agents shall send to the insurer copies of all letters

relating to the claim written to and received from the carriers, Bailees and

other third parties, immediately after such letters are sent or received by the

assured and their Agents.

Rate Schedule No.1

For Transit by Steamer or Powered Vessels.

Sl.

No

.

ITEMS ND TP Hooks, holing,

bursting, tearing

leakage loss of

contents caused by

damaged to

containers.

RFWD,

Extraneous,

Substance,

Heating

Breakage

&

Scratchin

g Splitting

2 3 4 5 6 7

1. Machinery, Spare parts and

accessories for Industrial, Agricultural

and earthmoving machinery excluding

Tractors.

0.25 0.15 0.15 0.10 0.50

2. Office Machinery viz Computers,

calculators, Typewriters, Photo Copiers

etc.

0.25 0.70 0.15 0.15 1.00

3. Cast Iron Pipes & Other Casting. 0.25 0.15 0.10 - 1.75

4. Sanitary ware, earthenware, Porcelain-

ware, Glassware, Tiles & Bricks,

Asbestos Sheets & Ridges, Graphite

Sheets/Rods/Tubes.

0.25 0.15 0.10 0.15 4.00

5. Carbon Electrodes/Rods used for

manufacture of Dry Cell Batteries.

0.25 0.15 0.10 0.18 0.20

6. Fire Bricks & Refractors 0.20 0.15 0.15 0.20 4.00

7. Electrical Goods except those provided

in Item 8 & 9 below.

0.25 0.20 0.10 0.25 0.80

8. Electrical Tubes, Bulbs, Valves, Switch

Fuses/Gears, Distribution Boards, Fuse

Units, Insulators, x-ray Tubes/plates &

Photographic plates.

0.25 0.25 0.10 0.25 3.00

9. Refrigerators, Air-conditioners, Radios,

radiograms, Tape Recorders, Record

Players, Washing Machines, Electric &

Gas Cookers & Cooking Ranges

Television Sets, VCR/VTR Sets, Juicers,

Mixers.

0.25 0.15 0.15 0.25 2.75

10

.

Sheet/Plate Glass, Special &/or Molded

Glass Item e.g. Wind Screens, Wired

Glass etc.

0.25 0.15 0.15 0.20 5.00

11

.

Survey, Photographic, Scientific

Laboratory, Optical Equipment & X-Ray

Machines.

0.25 0.35 0.15 0.25 1.60

12 Video/Audio Cassettes Tapes 0.25 0.35 0.15 0.25 0.20

16


.

13

.

Empty Bottles & Vials. 0.25 0.20 0.10 0.25 3.00

14

.

Empty LPG Containers. 0.25 0.20 0.10 0.10 0.50

15

.

Batteries for Motor Vehicles. 0.25 0.15 0.10 0.25 2.00

16

.

All other Batteries & Battery Container

including Components thereof whether

for motor Vehicle Batteries or

otherwise

0.35 0.20 0.10 0.25 2.00

17

.

Dry or Inert Cells 0.25 0.20 0.10 0.25 1.50

18

.

Parts & Accessories of Cycles, Motor

Cycles, Motor Cars, Motor Rickshaws,

Tractors and all other Vehicles.

0.35 0.35 0.15 0.25 0.50

19

.

Galvanized Iron & Steel Sheets/Pipes,

Mild Steel Sheets, Black Plain Iron

Sheets & Tin Plates.

0.25 0.20 0.10 0.25 -

20

.

Liquids in Drums, Casks, Barrels, Glass

Carboys & Tins.

0.25 0.20 0.80 0.20 -

21

..

Liquids in Plastic Carboys. 0.25 0.20 0.80 0.20 -

22

.

Tallows, Greases & Jellified Substances

in Drums, Casks, Barrels & Tins

0.25 0.35 0.70 0.20 -

23

.

Powders, Gums & Resins in Drums,

Cask, Barrels & Cartons.

0.25 0.35 0.25 0.25 -

24

.

Bottled Goods in cases & Cartons 0.35 0.35 1.00 0.25 -

25

.

Tinned Goods in Cases & Cartons. 0.35 0.35 0.25 0.25 -

26

.

Plastic Bottled goods in cases &

cartons

0.35 0.35 0.35 0.25 -

27

.

Powders, Gums, Resins & other in

bags.

0.25 0.35 0.15 0.25 -

28

.

Cement in Bags 0.25 1.00 0.50 0.25 -

29

.

Yarn, Art fibre &/or Silk in fully pressed

iron bound bales &/or in wooden cases.

0.25 0.40 0.15 0.25 -

30

.

Yarn, Art Fibre &/or in other packing. 0.35 0.80 0.20 0.25 -

31

.

Fents & Second-hand Clothing. 0.60 0.65 0.25 0.25 -

32

.

Paper in Bales 0.25 0.80 0.20 0.25 -

33

.

News Print/Paper in Reels subject to ½”

cutting warranty.

0.25 0.35 0.15 0.25 -

17


34

.

News Print/Paper in Reels without

warranty.

0.25 0.35 0.15 0.25 -

35

.

Stainless strip 1½” width in spools,

Reels packed in airtight cases (for

manufacture of Razor Blades)

0.25 0.35 0.15 0.25 -

36

.

Hides & Skins with particular reference

to Raw pickled Lamp and Sheep (Skins)

0.25 0.35 0.15 0.25 0.05

37

.

Photographic Papers in small Card-

Boards Boxes repacked in wooden

Cases.

0.25 0.50 0.25 0.25 0.05

38

.

Aluminium Foil Strips in Cases. 0.25 0.45 0.15 0.25 0.10

39

.

Potato Seeds in Bags/Cases. 0.25 0.85 0.20 0.30 -

40

.

Iron or Steel Wire packed in Metallic

Drums.

0.25 0.35 0.15 0.20 -

41

..

Iron or Steel Wire packed in Non

Metallic Drums.

0.25 0.35 0.15 0.25 -

42

.

All Other goods not otherwise provided

for herein

0.35 1.00 0.20 0.25 1.30

43

.

All grains and pulses including seeds in

bags

0.05 0.15 0.15 0.15 -

44

.

Bulk

For bulk shipment the Rating

Committee is to approached for rate.

45

.

Sugar/Salt in bags. 0.05 0.15 0.15 0.20

For machinery and spare parts under AID/GRANT/LOAN 0.60 AS PER

For other cargoes 1.125 ICC ‘A’

Fertilizer in bulk C 0.60

B 0.75 (with 0.50% excess)

A 1.75

In bag C 0.50

B 0.60 0.50% excess

A 1.10

Petroleum (Under Bulk Oil Clause) C 0.80

18


B 0.12 0.30% excess

A 0.25

Premium Rates on Motor Vehicle

(a) ICC – ‘C’ Anywhere in Bangladesh i) On Deck - 0.60%

ii) Under Deck - 0.50%

(b) ICC – ‘B’ Anywhere in Bangladesh i) On Deck - 0.75%


(c) ICC – ‘A’ Anywhere in Bangladesh i) On Deck - 1.50%


SL.

NO.

ITEM NAME Perils Premium Rate

1. Cement in Bulk ICC – ‘A’ICC – ‘B’ICC – ‘C’

0.60% (Pct)0.375% (Pct)0.25% (Pct)

2. Cement Clinker/gypsum in Bulk

The loading unloading is to be supervised by the surveyors

of international repute & in case of any shortage insured be

advised to lodge claims with the suppliers direct under ICC-

A clause

Edible Oil in crude form in Bulk

ICC – ‘A’ICC – ‘B’ICC – ‘C’

ICC – ‘A’ICC – ‘B’ICC – ‘C’

0.60% (Pct)0.375% (Pct)0.25% (Pct)

0.25% (Pct)0.15% (Pct)0.10% (Pct)With a deductible of 0.50% per consignment

3. Furnace Oil 0.0705% (Pct)

4. Imports of Lub. Oil/and Finished

products

i) Finished all sorts of oil in drums & tins

packed in carton

CARGOICC – ‘C’

0.10%

ii) Additives & Chemicals oil in drums & or

Tins Packed in Carton

- DO - 0.10%

iii) Base Oil in ISO Tank & Flexi Tanks - DO - 0.0705%

iv) Base Oil in Bulk - DO - 0.0705%

5. Import of Crude salt in bulk ICC – ‘A’ICC – ‘B’ICC – ‘C’

1.50% (Pct) With 2% Excess on the whole Shipment0.70% (Pct) With 2% Excess on the whole Shipment0.50% (Pct) With 2% Excess on the whole Shipment

Condition :Subject to classification clause

6. Import of Various Telecommunication

Equipment including Mobile Phone Sets.

ICC – ‘A’ICC – ‘B’ICC – B+NDICC – B+TPNDICC – ‘C’ICC – C+NDICC – C+TPND

0.15% (Pct) With 1% Excess on EEL0.10% (Pct) With 1% Excess on EEL0.12% (Pct) With 1% Excess on EEL0.14% (Pct) With 1% Excess on EEL0.075% (Pct) With 1% Excess on EEL0.095% (Pct) With 1% Excess on EEL0.105% (Pct) With 1% Excess on EEL

Condition :

19


- DO -

The above rates are applicable only to

Telecommunication Company and not

applicable to General Traders/Importers of

Mobile Phone Sets.

(Circular No. M-52/2005

Dated 04.04.2005

& M-57/2005 dated 18.09.2005

Rates as above

Circular No. M-60/2005 Dt. 22.12.2005

7. Import of Machinery and Equipment for

T.V. Channels.

Import of Rice/Wheat (in Bulk)

Marine (import) Premium Rate

ICC – ‘A’ 1.20% up to Ctg. Without excess

ICC – ‘A’ 1.00% “ “ With 1% excess

ICC – ‘A’ 0.80% “ “ With 2% excess on the whole shipment


ICC – ‘B’ 0.70% “ “

ICC – ‘B’ + TPND 0.90% “ “

ICC – ‘C’ 0.50% “ “

ICC – ‘C’ + TPND 0.70% “ “

Import of Rice/Wheat (in Bulk) (Circular No. M-69/2007)

Marine (import) Premium Rate

ICC – ‘A’ 0.90% warehouse to warehouse without excess


ICC – ‘A’ 0.60% “ “ With 2% excess on the whole shipment


ICC – ‘B’ 0.525% “ “

ICC – ‘B’ + TPND 0.675% “ “

ICC – ‘C’ 0.3750% “ “

ICC – ‘C’ + TPND 0.525% “ “

The above rates are subject to the following conditions: -

1. Warranted shipment per vessel clause as per the Institute Classification Clause (1.8.97)

2. Warranted Cargo shipped under supervision by Lloyds and/or by internationally recognized cargo

surveyors and their certificate about shipment on board the vessel obtained.

3. Warranted discharging of cargo at the port of destination be supervised by

Lloyds and/or internationally recognized cargo surveyors.

4. Cargo ISM Endorsement.

Import of power plant machinery and equipment

ICC – ‘A’ 0.175% (War/SRCC)

Deductible 1% of the value of each and every consignment but minimum Tk.-5,00,000/=

Condition The age of the caring vessel must not be more than 18 years.

Import of LP Gas in Bulk

1. ICC-‘A’ 0.25%

20


2. ICC-‘B’ 0.12%

3. ICC-‘C’ 0.08%

4. Excess 0.30% (Pct) on Consignment value.

Import of Pharmaceuticals Chemicals in Bulk

1. ICC-‘A’ 1.50%

2. ICC-‘B’ 0.75%

3. ICC-‘C’ 0.60%

Revised Marine Tariff Rates for Both EPZ and outside EPZ of

100% Export Oriented Garments Industries. (BGMEA)

ICC – ‘A’ 0.70%

ICC – ‘B’ 0.26%

ICC – ‘B’ + ND 0.45%

ICC – ‘B’ + TPND 0.50%

ICC – ‘C’ 0.19%

ICC – ‘C’ + ND 0.36%

ICC – ‘C’ + TPND 0.43%

By Lorry/Truck/Rail – From India

Premium Rate

Rail/Lorry/ Truck risk only 0.28%

Rail/Lorry/ Truck all risk

a) Commodities as per Schedule “A”

b) Commodities as per Schedule “B”

c) All other items

0.80%

0.65%

0.50%

By Air

Premium Rate

Air Risk only 0.15%

Air Risk ND 0.30%

Air Risk TPND 0.45%

21


ICC ‘Air” (Air All Risk) 0.50%

Other terms and conditions:

1) Usual 10% tariff reduction will be applicable on the present rates

2) The present rates are applicable to 100% Export Oriented Garments Industry

irrespective of whether those are within or outside EPZ

3) All other general terms & conditions of the respective tariff will apply in so far as they

relate thereto.

4) The rates apply to BGMEA members only.

General Circular No.Gen-06/2005 dated 09.11.2004

22


Revised Marine Tariff Rates for Both EPZ and outside EPZ of

100% Export Oriented Knitwear Industries. (BKMEA)

ICC – ‘A’ 0.70%

ICC – ‘B’ 0.26%

ICC – ‘B’ + ND 0.45%

ICC – ‘B’ + TPND 0.50%

ICC – ‘C’ 0.19%

ICC – ‘C’ + ND 0.36%

ICC – ‘C’ + TPND 0.43%

By Lorry/Truck/Rail – From India

Premium Rate

Rail/Lorry/ Truck risk only 0.28%

Rail/Lorry/ Truck all risk

d) Commodities as per Schedule “A”

e) Commodities as per Schedule “B”

f) All other items

0.80%

0.65%

0.50%

By Air

Premium Rate

Air Risk only 0.15%

Air Risk ND 0.30%

Air Risk TPND 0.45%

ICC ‘Air” (Air All Risk) 0.50%

23


(Export)

Premium Rate

ICC – ‘A’ 0.40%

ICC – ‘B’ 0.20%

ICC – ‘C’ 0.15%

Other terms and conditions:-

1) Usual 10% tariff reduction will be applicable on the present rated.

2) The present rates are applicable to all 100% Export Oriented Knitwear Industry

irrespective of whether those are within or outside EPZ

3) All other general terms & conditions of the respective tariff will apply in so far as they

relate there to.

4) The rates apply to BKMEA members only.

General Circular No. Gen-09/2005 Dated 20.11.2005.

Special Premium Rates for export oriented garments industries within/or outside of Export Processing Zone for import of Raw Materials & Machinery including spare parts as under : -

ICC – ‘A’ 1.12%

24


ICC – ‘B’ 0.40%ICC – ‘B’ + ND 0.65%ICC – ‘B’ + TPND 0.75%ICC – ‘C’ 0.35%ICC – ‘C’ + ND 0.55%ICC – ‘C’ + TPND 0.65%

The above special rates will equally apply for imports of all other industries within Export Processing Zones given earlier to export oriented garments industries within EPZ.

N.B. (1) Coverage against Fresh and/or Rain and/or River water damage including condensation in ship’s hold will be subject to the following general warranty: -

“Excluding Rust and/or Oxidation and/or discoloration unless caused directly by a risk covered by the policy”.

(2) Items 1,2,7,9,11 and 17 would be subject to the “Institute Replacement Clause” if covered for Breakage and under Clause ‘A’.

(3) Item 3 would be subject to “Cutting Clause” if covered for the risks of Breakage under Clause ‘A’.

Rate Schedule No.2For transit by Rail/Lorry/Truck only other than rice and wheat

100% exportOriented

industriesFrom any place of India.

1. Rail/Lorry/Truck risk : - @0.60% 0.40%2. Rail/Lorry/Truck all risks(a) Commodities as per Schedule “A”- @1.75% 1.30%(b) Commodities as per Schedule “B- @1.50% 1.05%© All other items @ 1.15% Except rice and wheat. 0.80%

SCHEDULE ‘A’Extra Hazardous/Fragile Cargoes:

1. Gunpowder2. Ammunition3. Celluloid4. Spirits5. Acids of all sorts.6. Sanitary ware, Earthenware, Porcelain ware, Glassware, Tiles and Bricks, Asbestos Sheets

and Ridges graphite.7. Matches8. Crackers and fireworks9. Electrical tubes, Bulbs, Valves, Switch fuses, Switch gears and distribution boards, Fuse

units, Insulators, X-ray tubes and plates and Photographic plates.10. Glass sheets and/or plated, Special and/or molded glass items e. g. Wind-Screens, Wired

Glass etc.

SCHEDULE ‘BHAZARDOUS/FRAGILE CARGOES :

Acetylene (Liquid)Aluminium Carbide DustPowder resonateAnilineAsphaltBamboo mats

Metallic PotassiumMungoNaphthaNaphthaleneNitrates of all kindsOils of all Kinds (Other than

StearineSulphiles, metallic of all kinds Sulfide of potashSulfurSulfur dyes or colours

25


BenzeneBenxelineBichromate of PotashBi-Sulphide of CarbonBlacks of all kindsCalcium Cyanamile exceptWhen packed in AromaticallySealed drums & eachConsignment accompanied by the manufactures certificate that the tennis contain not more than 0.3 percent of CarbideCampheneCandlesCaustic SodeCHARCOAL CHLORATES OF ALL KINDSChlorate of PotashCocogem other than in tins and/or in bottlesD.D.T. (Liquid)GlycerineLime (Unslacked)Lubricants ContainingMineral products

Vegetable oils in tins not exceeding 10bbs. In weight and/or in bottles)Oils seed Cathy (including cotton Seed cake)Oil seed meal Batteries (other than Motor vehicle batteries)Paints (Liquid)Paper, asphalled,Tarred and oiled per chlorate of Potash Permanganate of Potash Peroxide of Potash (Potassium of peroxide) Petroleum and its Liquid productsPhosphorusPitchPlastics : nitro Cellulose RagsResin of all Kinds Rubber SolutionSaw dustShoddySlack Coal

(excluding those packed in air light Vessels labeled with a certificate by manufactures that the dyes (or colour) contain at least 10 percent of inert inorganic Salts)Tallow (manufacture of un-manufactured) Tar and/or its liquid products (other than in bottles)Turpentine VanishesWaste of all kinds (Excluding silk and tea waste)Wax of all kindsCalciumCarbidecamphor

N.B. The following conditions have to be inserted in all policies in respect of transit by

Truck/Lorry

from Indian Suppliers Depot to all the land ports in Bangladesh including Benapole :-

“It is a condition precedent to the liability under the policy that after unloading of any

consignment at Benapole if any loss or damage is suspected/apparent the insured/consignee

will immediately arrange survey of the consignment there by a Licensed Insurance Surveyor in

order to ascertain the condition of the consignment.

In the event of the insured’s failure to comply with the aforesaid requirement the insurer shall

have no liability for such loss.”

Premium Rates for import of Rice/Wheat from any place of India by Rail/Truck/Lorry.

1. Rail/Lorry/Truck Risk 0.35% (In gunny bags/polyester bags in sealed wagon).

2. Rail/Lorry/Truck All Risk 1.10% (In gunny bags/polyester bags in sealed wagon with 0.05% excess).

3. Rail/Lorry/Truck All Risk 1.25% (In gunny bags/polyester bags in sealed wagon with 0.05% excess).

Premium Rates for import of Cattle (Cows)/Buffalos from India to Bangladesh by

Truck.

1. Truck Risks only 0.60%

2. Truck All Risks 1.20%

Warranties:

a) Loss, damage or expenses caused by in-sufficiency of un-suitability or faulty stowage of the subject matter insured shall in no case be covered by this insurance.

b) Death by disease and epidemic during the course of transit by Truck shall not be covered.

1. Import Rail/Lorry/Truck Risks only Clauses :

Risk Covered

26


1.. This insurance covers, except as provided in Clauses 2, 3, and 4 below, the Risks

risks of physical loss or damage to the insured goods caused by Clause

(a) i) Fireii) Lightningiii) Breakage of bridges

(b) i) Collision with or by the carrying vehicle/Railway Wagonii) Overturning of the carrying vehicleiii) Derailment or accidents of like nature to the carrying Railway

Wagon/Vehicle.

Exclusions2. In on case shall this insurance cover

2.1 Loss, damage or expense attributable to wilful misconduct of the General

Assured ExclusionClause

2.2 Ordinary leakage, ordinary loss in weight or volume or ordinary wearand tear of the subject matter insured

2.3 Loss, damage or expense caused by insufficiency or unsuitability ofpacking or preparation or the subject matter insured (for the purposeof this Clause 2.3 “Packing” shall be deemed to include stowage in acontainer or lift van by only when such stowage is carried out prior toattachment of this insurance or by the Assured or their servants) or when the subject matter is carried in open wagon/lorry/Vehicle unless covered by Tarpaulin

2.4 Loss, damage or expense caused by delay, even though the delay be caused by a risk insured against

2.5 Loss, damage or expense caused by delay, even though the delay becaused by a risk insured.

3. In no case shall this insurance cover loss damage or expense caused by War

Exclusion3.1 War, Civil war, Revolution, Rebellion, insurrection or civil strife arising Clause

there-from, or any hostile act by or against a belligerent power

3.2 Capture, seizure, arrest, restraint or detainment, and the consequencesthereof or any attempt thereat.

3.3 Derelict mines bombs or other derelict weapons of war.

4. In no case shall this insurance cover loss damage or expense StrikeExclusion

4.1 paused by strikers, locked-out workmen, or persons taking part in labourClause disturbances, riots or civil commotions

4.2 resulting from strikes, lock-outs, labour disturbances, riots or civil commotions.

4.3 caused by any terrorist or any person acting from a political motive.

Duration

4. This insurance attaches with the loading of each bale or package into the Transit

Vehicle/Rail for immediate transit and being continuous in all situations beyond the

Clause

control of the insured in ordinary course of transit and ceases immediately after

i) until delivery to the final warehouse at the destination named in the policy, or

27


ii) in respect of transits by Rail only until expiry of 30 days from the time of

loading of the Cargo on to the Railway Wagon:

or

iii) in respect of transits by Road only, until expiry of 30 days from the time of

loading of Cargo on to the vehicle:

Whichever shall first occur.

Claims Insurable

6. 6.1 In order to recover under this insurance the Assured must have an Interest

insurable interest in the subject matter insured at the time of loss.Clause.

6.2 Subject to 6.1 above, the Assured shall be entitled to recover for insuredloss occurring during the period covered by this insurance, notwithstanding that the loss occurred before the contract of insurance was concluded unless the Assured were aware of the loss and the underwriters were not.

Benefit of Insurance Not To Inure

7. This insurance shall not inure to the benefit of the carrier of other Bailee.Clause

Minimising LossesDuty of

8. It is the duty of the Assured and their servants and agents in respect of loss Assured

Recoverable hereunder Clause

8.1 to take such measures as may by reasonable for the purpose of averting or minimising such loss and

8.2 to ensure that all rights against carriers, Bailees or other third parties are properly preserved and exercised by lodging a monetary claim against Railway/Road Carriers/Bailees within 6(six) months from the date of Railway/Lorry receipt or as prescribed by the relevant statute.

and the Underwriters will, in addition to any loss recoverable hereunder,reimburse the Assured for any charges properly and reasonably incurredin pursuance of these duties.

9. Measures taken by the Assured or the Underwriters with the object of saving WaiverProtecting or recovering the subject matter insured shall not be considered as a ClauseWaiver of acceptance of abandonment or otherwise prejudice the right of either party.

Avoidance of Delay Despatch

10. It is a condition of this insurance that the Assured shall act with reasonable Clauses

Despatch in all circumstances within their control

11. This insurance is subject to Bangladesh Law & Practice.

Import Rail/Lorry/Truck All Risks Clauses

Risks Covered Risks Claus

1. This insurance covers all risks of loss or damage to the subject matter insured except as provided in Clause Nos. 2, 3 and 4 below.

Exclusions

28


General2. In no case shall this insurance cover Exclusion

Clause2.1 Loss, damage or expense attributable to wilful misconduct of the

Assured

2.2 Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject matte insured

2.3 Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject matter insured (for the purpose of this Clause 2, 3 “Packing” shall be deemed to include stowage in a container or lift van but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants) or where the subject matter is carried in open wagon/Lorry/Vehicle unless covered by Tarpaulin.

2.4 Loss, damage or expense proximately caused by delay even though the delay be caused by a risk insured against

2.5 Loss, damage or expense caused by inherent vice or nature of the subject matter insured.

3. In no case shall this insur5ance cover loss, damage or expense caused by War

3.1 War, Civil war, Revolution, Rebellion, Insurrection, or civil strife arising Exclusionthere from, or any hostile act by or against a belligerent power. Clause

3.2 Capture, Seizure, arrest, restraint or detainment, and the consequencesThereof or any attempt thereat.

3.3 derelict mines bombs or other derelict weapons of war.

4. In no case shall this insurance cover loss damage or expense

4.1 caused by strikers, locked-out workmen or persons taking part in labour disturbances, riots or civil commotions. Strike

4.2 resulting from strikes, lock-out, labour disturbances, riots or civil Exclusion

commotions. Clause

4.3 Caused by any terrorist or any person acting from a political motive.

Duration

5. This insurance attaches with the loading of each bale or package in to the Transit

Vehicle/Rail for immediate transit and being continuous in all situation beyond Clausethe control of the insured in ordinary course of transit and cases immediately after:-

(i) until delivery to the final warehouse at the destination named in the policy, or

(ii) in respect of transits by Rail only until expiry of 30 days from the time of loading of the cargo on to the Railway Wagon;

or

(iii) in respect of transits by Road only, until expiry of 30 days from the time of loading of Cargo on to the Vehicle:


Claims

6. 6.1 In order to recover under this insurance the Assured must have an insurable interest in the subject matter insured at the time of loss.

6.2 Subject to 6.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, not Insurable

29


withstanding that the loss occurred before the contract of insurance was Interestconcluded unless the assured were aware of the loss and the Clauseunderwriters were not.

Benefit of InsuranceNot to

inure7. This insurance shall not inure to the benefit of the carrier or other Bailee.

Clause

Minimising Losses

8. It is the duty of the Assured and their servants and agents in respect of loss Duty of Recoverable hereunder Assured

8.1 to take such measures as may be reasonable for the purpose of avertingClauseOr minimising such loss and

8.3 to ensure that all right against carriers, Bailees or other third parties are properly preserved and exercised by lodging a monetary claim against Railway/Road Carriers/Bailees within six months from the date of Railway/Lorry receipt or as prescribed by the relevant statute.

and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the Assured for any charges properly and reasonably incurred in pursuance of these duties.

9. Measures taken by the Assured or the Underwriters with the object of saving, WaiverProtecting or recovering the subject matter insured shall not considered as a ClauseWaiver or acceptance of abandonment or otherwise prejudice the right of either Party.

Avoidance of Delay

10. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances within their control.

11. This insurance is subject to Bangladesh Law & Practice. DespatchClause

N.B. Transit by Rail only shall include incidental transit by Road performed by Railway Authorities to or Railway Out-Agency.

12. Extension of cover beyond the period of 30(thirty) days under the Rail/Truck/Lorry Risks only and Rail/Truck/Lorry All Risks (import) Clauses.

The period of 30(thirty) days provided in the above Clause may be extended whilst the goods are lying in

the

Railway/Road Carriers premises or another warehouse affording identical cover as provided in the policy for

a period not exceeding 30(thirty) days (in addition to 30 days) on payment of additional premium @ Tk.

0.25%

for each 15(Fifteen) days or part thereof subject to the following Endorsement :-

“ The cover provided under the policy, notwithstanding anything contained hereto the contrary, is

extended to include a further period of _____ days whilst the goods lying in the Railway/Road carriers

premises or in Clearing & Forwarding Agents Warehouse or bonded warehouse at the destination beyond

the period of 30 (thirty) days mentioned in the Clause.”

III. The request for extension of cover in writing should reach the underwriters at least 10(Ten)

days

30


before the above mentioned expiry date.

The cover beyond the said period shall only be provided under separate Fire and/or Burglary policy.

1. Despatches by closed Wagon/Vehicle.

The Rates provided in Schedule 2 are for despatches by closed and/or Tarpaulin covered vehicle only.

V. Issue of policies to Transport Companies

Issue of policies to Transport Companies or Transport Contractors or Freight Forwarders or

Clearing, Forwarding & Commission Agents, either in their own name or jointly with the owner of the goods,

is prohibited under this Tariff, except on goods owned by them.

2. VI. No reduction in Rate shall be made for any curtailment of the scope of the cover of

narrowing of the ambit of insurance.

VII . Where no specific provision exists in this Tariff, it is not permissible for insurers in the case

of transit risks provided for in the Fire Tariff, to issue a Marine Transit policy covering Fire risk alone unless

a Rate at least equivalent to the Fire Tariff Rate for the same Journey is charged.

VIII . Import by Road Transit would commence from the time the goods leave the warehouse at

the place mentioned in the policy for the commencement of the transit and continues during the ordinary

course of transit until delivered at the final warehouse at the place mentioned in the policy for the

termination of the transit. At intermediate stations if the insured goods come under control of the Assured

for allocation, redistribution, processing etc. the transit will be deemed to have come to an end and further

transit shall become a second transit. However, the Assured may submit proposals for transits involving

intermediated storage for allocation, redistribution, processing etc. to the appropriate Committee and

obtain special Rating for such multi-transits and storages.

Premium rate for import of Cement Clinker/Stone from India by Rail/Lorry

1. Rail/Lorry All Risks -0.60%2. Rail/Lorry Risk only. -0.25%

Excess -0.50% on Shipment Value of Bulk Shipment.

Premium rate for import of Wheat Bran, Rice Bran & Maiz Bran from India by Lorry/Rail Risk only.

1. Rail/Lorry All Risks -0.60%2. Rail/Lorry Risk only. -0.50%

31


Inland TariffSection – 4

Section – 4

Transit by Rail or Road

Applicable to risks throughout Bangladesh for all clauses of Merchandise

Unless otherwise provided elsewhere in the tariff

All Policies under this Tariff shall be subject to the following clauses and conditions as may be applicable

1. Inland Rail/Lorry/Truck Risks only Clauses :

Risks Covered

1. This insurance covers, except as provided in Clauses 2,3 and 4 below, the Risks of physical loss or damage to the insured goods caused by Risks

Clause

32


(a) (i) Fire(ii) Lightning(iii) Breakage of bridges

(b) (i) Collision with or by the carrying Vehicle/Railway Wagon(ii) Overturning of the carrying Vehicle(iii) Derailment or accidents of like nature to the carrying Railway

Wagon/Vehicle.

Exclusions2. In no case shall this insurance cover. General

2.1 Loss, damage or expense attributable to wilful misconduct of the Exclusion

AssuredClause

2.2 Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject matter insured

2.3 Loss, damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject matter insured ( for the purpose of this clause 2,3 “ Packing” shall be deemed to include stowage in a container or lift van but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants) or where the subject matter is carried in open wagon/Lorry/Vehicle unless covered, by Tarpaulin.

2.4 Loss, damage or expense proximately caused by delay, even though the delay be caused by a risk insured against.

2.5 Loss, damage or expense caused by inherent vice or nature of the subject matter insured

3. In no case shall this insurance cover loss damage or expense caused by

3.1 War, civil war, revolution, rebellion, insurrection, or civil strife arising WarThere-from, or any hostile act by or against a belligerent power Exclusion

ClauseIII.2 Capture, seizure, arrest, restraint or detainment and the consequences

thereof or any attempt thereat.

III.3 Derelict mines bombs or other derelict weapons of ware

4. In no case shall this insurance cover loss damage or expense StrikeExclusion

4.1 Caused by strikers, locked-out workmen, or persons taking part in labour Clause

disturbances, riots or civil commotions.

4.2 Resulting from strikes, lock-outs, labour disturbances, riots or civil Commotions


Duration TransitClause

5. This insurance attaches with the loading of each bale or package into the Vehicle/Rail for immediate transit and being continuous in all situation beyond the control of the insured in ordinary course of transit and ceases immediately after

(i) Until delivery to the final warehouse at the destination named in the policy, or

(ii) In respect of transits by Rail only until expiry of 10 days from the time of loading of Cargo on to the Railway Wagon.

(iii) In respect of transits by Road only, until expiry of 7 days from the time of loading of Cargo on to the Vehicle ;Which ever shall first occur.

Claims Insurable6. 6.1 In order to recover under this insurance the Assured must have an

Interest

33


insurable interest in the subject matter insured at the time of lossClause

6.2 Subject to 6.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, notwithstanding that the loss occurred before the contract of insurance was concluded unless the Assured were of the loss and the underwriters were not.

Benefit of Insurance Not To Inure

7. This insurance shall not inure to the benefit of the carrier of other Bailee.Clause

Minimising LossesDuty of

8. It is the duty of the Assured and their servants and agents in respect of loss AssuredRecoverable hereunder Clause

8.1 To take such measures as may be reasonable for the purpose of averting or minimising such loss and

8.2 To ensure that all rights against carriers, Bailees or other third parties are properly preserved and exercised by lodging a monetary claim against Railway/Road Carriers/Bailees within 6 (six) months from the date of Railway/Lorry receipt or as prescribed by the relevant statute.

And the Underwriters will, in addition to any loss recoverable hereunder, reimburse the Assured for any charges properly and reasonably incurred in pursuance of these duties.

9. Measures taken by the Assured or the Underwriters with the object of saving protecting or recovering the subject matter insured shall not be considered as a waiver or acceptance of abandonment or otherwise prejudice the right of Waivereither party. Clause

Avoidance of Delay

11. It is a condition of this insurance that the Assured shall act with reasonabledespatch in all circumstances within their control.Despatch

12. This insurance is subject to Bangladesh Law & Practice. Clause

Inland Rail/Lorry/Truck All Risks Clauses

Risk Covered Risks Clause

1. This insurance covers all risks of loss or damage to the subject matter insured except as provided in Clause Nos. 2,3 and 4 below.

Exclusions

2. In no case shall this insurance cover GeneralExclusion

2.1 Loss, damage or expense attributable to wilful misconduct of the AssuredClause


2.3 Loss, damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject matter insured (for the purpose of this Clause 2, 3 “ Packing” shall be deemed to include stowage in a container or lift van but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants) or where the subject matter is carried in open wagon/Lorry/Vehicle unless

34


covered by Tarpulin.


2.5 Loss, damage or expense caused by inherent vice or nature of the subject matter insured.


3.1 War, Civil war, Revolution, Rebellion, insurrection, or civil strife arising there from, or any hostile act by or against a belligerent power War

3.2 Capture, seizure, arrest, restraint of detainment, and the consequences Exclusion

thereof or any attempt thereat Clause

III.4 Derelict mines bombs or other derelict weapons of war.


4.1 Caused by strikers, locked-out workmen or persons taking part in labourStrike disturbances, riots or civil commotionsExclusion

4.2 Resulting from strikes, lock-out, labour disturbances, riots or civil commotions

4.3 Caused by any terrorist or any person acting from a political motive

Duration

5. This insurance attaches with the loading of each bale or package in to the TransitVehicle/Rail for immediate transit and being continuous in all situation beyond the ClauseControl of the insured in ordinary course of transit and ceases immediately after :-

(i) Until delivery to the final warehouse at the destination named in thepolicy, or

(ii) In respect of transits by Rail only until expiry of 10 days from the time of loading of Cargo on to the Railway Wagon.

(iii) In respect of transits by Road only, until expiry of 7 days from the time of loading of Cargo on to the Vehicle.

Which ever shall first occur.

Claims

6. 6.1 In order to recover under this insurance the Assured must have an insurable interest in the subject matter insured at the time of loss.

6.2 Subject to 6.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, not Insurablewithstanding that the loss occurred before the contract of insurance was Interestconcluded unless the assured were aware of the loss and the Clauseunderwriters were not.



Clause

35


Minimising Losses



8.4 to ensure that all right against carriers, Bailees or other third parties are properly preserved and exercised by lodging a monetary claim against Railway/Road Carriers/Bailees within six months from the date of Railway/Lorry receipt or as prescribed by the relevant statute.



Avoidance of Delay


11. This insurance is subject to Bangladesh Law & Practice. DespatchClause

N.B. I Transit by Rail only shall include incidental transit by Road performed by Railway Authorities to or Railway Out-Agency.

II . Extension of cover beyond the period of Ten/Seven days under Inland Transit Clause.

The period of Ten/Seven days provided in the Inland Transit Clause may be extended whilst the goods are

lying

in the Railway/Road Carriers premises or another warehouse affording identical cover as provided in the

policy

for a period not exceeding 02(two) weeks (in addition to 10/7 days) already provided at Rates specified in

Rate

Schedule No.3 subject to the following Endorsement :-

“ The cover provided under the policy, notwithstanding anything contained hereto the contrary, is

extended to include a further period of _____ days whilst the goods lying in the Railway/Road carriers

premises or in Clearing & Forwarding Agents Warehouse or bonded warehouse at the destination beyond

the period of Ten/Seven days mentioned in the Clause.”

III The request for extension of cover in writing should reach the underwriters at least 03 (Three)

days

before the above mentioned expiry date.

The cover beyond the said period shall only be provided under separate Fire and/or Burglary policy.

IV Despatches by closed Wagon/Vehicle.

The Rates provided in Schedule l are for despatches by closed and/or Tarpaulin covered vehicle only.

36


V. Issue of policies to Transport Companies

Issue of policies to Transport Companies or Transport Contractors or Freight Forwarders or

Clearing, Forwarding & Commission Agents, either in their own name or jointly with the owner of the goods,

is prohibited under this Tariff, except on goods owned by them.

VI. No reduction in Rate shall be made for any curtailment of the scope of the cover of

narrowing of the ambit of insurance.

VII . Where no specific provision exists in this Tariff, it is not permissible for insurers in the case

of transit risks provided for in the Fire Tariff, to issue a Marine Transit policy covering Fire risk alone unless

a Rate at least equivalent to the Fire Tariff Rate for the same Journey is charged.

VIII . Inland Transit would commence from the time the goods leave the warehouse at the place

mentioned in the policy for the commencement of the transit and continues during the ordinary course of

transit until delivered at the final warehouse at the place mentioned in the policy for the termination of the

transit. At intermediate stations if the insured goods come under control of the Assured for allocation,

redistribution, processing etc. the transit will be deemed to have come to an end and further transit shall

become a second transit. However, the Assured may submit proposals for transits involving intermediate

storage for allocation, redistribution, processing etc. to the appropriate Committee and obtain special

Rating for such multi-transits and storages.

Rate Schedule No.1

(Rate in Pct.) (Rate in Pct)

Commodities Rail/Lorry/Truck Rail/Lorry/TruckRisk only All Risks

1. Raw Jute, Cotton, Hemp, Staple fibre, Vegetable fibre.

a. In fully pressed bales in closed 0.40% 1.00%Wagons/closed vehicles/vehicles coveredBy Tarpaulins.

b. Other then fully pressed bales in closed 0.55% 1.15%Wagon/closed vehicles/vehicles covered By Tarpaulin.

2. All kinds of piece goods, Ready made GarmentsHosiery, Yarn Wool, Wool tops Hessian & GunnyBays.

(a) In fully pressed bales 0.45% 0.90%(b) In wooden cases. 0.45% 0.90%© In cardboard cartoons 0.45% 0.90%(d) In gunny bags 0.45% 0.90%(e) Paper packing 0.45% 1.00%(with 0.5%

excess on the whole

37


consignment)

3. All kinds of glass items, including Valves, Lamps, 0.50% 1.75%Sheds T.V. Tubes and Screen, X-Ray & ElectronicsTubes, Porcelain insulators and other PorcelainElectrical items

4. Precision instruments of all types including Electronic and Electric Machine and Equipments 0.50% 1.25%Microwave Equipments, Transmitter, Computers,Telephones and Scientific & Optical InstrumentsMetres, Watches, Clocks including spares and Parts, Air-Conditioners, Coolers, Fans, Refrigerators, Radios, Transistors, Record Players, Television sets. Tape Recorders Sewing Machines and Electric Household Appliances.

5. Machinery 0.50% 1.00%

6. Chemicals

(a) Non-Hazardous in drums 0.45% 1.00%

(b) Non-Hazardous in tins 0.50% 1.15%

© Hazardous in drums 0.60% 1.80%

(d) Hazardous in tins 0.65% 1.90%

(e) In glass carboys 1.60% 3.00%

(f) Hazardous in Bags 0.70% 2.00%

Rate Schedule No. 2

(Special Rate for Inland Transit of Ready-made Garments in connection with Export)

RISKS RATES TRANSIT

Lorry/Truck All 0.015% From Savar EPZ, Dhaka to Zia International Risks. Airport/ICD, Kamlapur, Dhaka & Chittagong EPZ

To Chittagong Port vice versa.

Lorry/Truck All 0.01% From Savar EPZ, Dhaka to Zia International Risks. Airport/ICD, Kamlapur, Dhaka & Chittagong EPZ

To Chittagong Port vice versa.

Lorry/Truck All 0.10%(1% excess on the value of From Savar EPZ to Chittagong Port vice versa.Risks. Consignment carried by each

Truck/container in respect of each & every claim)

Lorry/Truck 0.08% From Savar EPZ to Chittagong Port vice versa Risk only.

Rate Schedule No. 3

For extension of duration beyond 10/7 days additional premium @ 25% of the Tariff Rate is to be charged for each 7(seven) days or part thereof up to a maximum period of 2(two) weeks.

Rate Schedule No. 4

38


Premium rate terms and condition for Inland transit of various Telecommunication equipment including Mobile phone sets.

1. Truck/Rail/ Lorry all Risk 0.15% with 1% excess on E.E.L.2. Truck/Rail/ Lorry Risk 0.10% with 1% excess on E.E.L.

Condition

The above rates are applicable only to Telecommunication company and not applicable to general traders/ Importers of mobile phone sets. (Circular No. M-55/2005 dated : 20-07-2005)

Premium rate for machinery and Equipment of T.V. Channels.

1. Truck/Rail/Lorry All Risks 0.15% with 1% excess on E.E.L.2. Truck/Rail/ Lorry Risk 0.10% with 1% excess on E.E.L.

(Circular No. M-60/2005 dated : 22-12-2005)

Inland Transit of Rice in Plastic bags/Jute bags/Jumbo bags by Truck.

1. Lorry All Risks 0.75%2. Lorry Risk only. 0.40%

Premium Rate for goods in transit for pharmaceuticals finished goods by Lorry.

1. Truck/ Lorry All Risks 1.00% 2. Truck/ Lorry Risk 0.45%

Per battom-BDT-5 Million and 3 Million by Truck.

Inland Cargoes(Waterborne) Tariff

Section – 5

39


Section – 5Inland Cargoes (Waterborne) Tariff

Applicable to all Cargoes carried in Rivers, Canals or other smooth waters, including any land transit incidental thereto ; including F.O.B. shipment

Inland Cargo (Water borne) Clauses.

Risks Covered

1. This insurance covers, except as provided in Clauses 2,3,4 & 5 below, loss of Risks damage to the subject matter insured reasonably attributable to Clause1.1 Fire or explosion1.2 Vessel or craft being stranded grounded sunk or capsized1.3 Overturning, derailment or collision of conveyance with any external

object other than water1.4 Discharge of Cargo at a port of distress.

Exclusions General2. In on case shall this insurance cover Exclusion

Clause2.1 Loss, damage or expense attributable to wilful misconduct of the

Assured


2.3 Loss, damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject matter insured (for the purpose of this clause 2,3 “ packing” shall be deemed to include out prior to attachment of this insurance or by the Assured or their servants)

2.4 Loss, damage or expense caused inherent vice or nature of the subjectmatter insured

2.5 Loss, damage or expense proximately caused by delay, even though delay be caused by a risk insured against

2.6 Loss, damage or expense arising from the use of any weapon of war employing atomic or nuclear fission and/or fusion on other like reactionor radioactive force or matter

2.7 Deliberate damage to or deliberate destruction of the subject matter

40


insured or any part thereof by the wrongful act of any person or persons.

3. 3.1 In no case shall this insurance cover loss, damage or expense arising Un-seaworthiness from un-seaworthiness or unfitness of Vessel container or lift van for the &

Unfitnesssafe carriage of the subject matter insured, where the Assured or their Exclusionservants are privy to such un-seaworthiness or unfitness at the time the Clausesubject matter insured in loaded therein.

3.2 The Underwriters waive any breach of the implied warranties of sea-worthiness or the Vessel and fitness of the Vessel to carry the subject matter insured to destination unless the Assured or their servants are Privy to such un-seaworthiness or unfitness.

4 In no case shall this insurance cover loss damage or expense caused by War ExclusionClause

4.1 War, civil war, revolution, rebellion, insurrection, or civil strife arising there-from, or any hostile act by or against a belligerent power.

4.2 Capture, seizure, arrest, restraint or detainment and the consequences thereof or any attempt thereat

4.3 Derelict mines bombs or other derelict weapons of war

5. In no case shall this insurance cover loss, damage or expense Strike Exclusion

Clause5.1 Doused by strikers, locked-out workmen or persons taking part in

labour disturbances, riots or civil commotions

5.2 Resulting from strikes, lock-outs, labour disturbances, riots or civil Commotions


Duration

6. This insurance attaches with the loading of each bale or package in to thevessel for immediate transit and being continuous in all situation beyond the Transit

Clausecontrol of the insured in ordinary course of transit and ceases immediately after ;

6.1 until delivery of the goods at destination named in the policy : or

6.2 on the expiry of 30 (thirty) days from the time of loading of Cargo on tothe Vessel whichever shall first occur.

6.3 If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at a port or place other than the destination named therein or the transit is otherwise terminated beforedelivery of the goods as provided for in clause 4 above then thisinsurance shall also terminate unless prompt notice is given to the Underwriters and continuation of cover is requested when the insuranceshall remain in force, subject to an additional premium if required by the Underwriters.

7. Where, after attachment of this insurance, the destination is changed by the Cover of Assured, held covered at a premium and on conditions t6o be arranged subject Voyage Clause to prompt notice being given to Underwriters

Claims8. 8.1 In order to recover under this insurance the Assured must have an insurable

interest in the subject matter insured at the time of loss.

8.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, not Insurable

41


withstanding that the loss occurred before the contract of insurance was Interestconcluded unless the assured were aware of the loss and the Clauseunderwriters were not.



Clause

Minimising Losses



10.2 to ensure that all right against carriers are properly preserved and exercised by lodging a monetary claim against Carriers within six months from the date of loading or as prescribed by the relevantstatute.



Avoidance of Delay

12. It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances within their control.Reasonable

Despatch

13. Law & Practice : ClauseThis insurance is subject to Bangladesh Law & Practice.

Inland Cargo (Water Borne) Clauses – All Risks.

1. This Insurance Covers all risks of loss or damage to the subject matter insured except as provided in Claude

2 and 3 below :

Exclusions :

2. In no case shall this insurance cover

2.1 Loss, damage or expense attributable to wilful misconduct of the Assured and/or his agents

2.2 Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the Cargo insured

2.3 Loss, damage or expense caused by insufficiency or unsuitability of packing or preparation of the Cargo insured (for the purpose of this Clause” Packing” shall be deemed to include stowage in a container or lift van but only when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants)


2.5 Loss, damage or expense caused by inherent vice or nature of the Cargo insured.

42


3. In no case shall this insurance Cover :

3.1 War, Civil war, Revolution, Rebellion, insurrection, or civil strike arising there from, or any hostile

act by or against a belligerent power

3.2 Capture, seizure, arrest, restraint of detainment, and the consequence thereof or any attempt thereat

3.3 Loss, damage or expense caused by strikers, lockout, workmen or persons taking part in labour disturbances, riots or civil commotions

3.4 Loss, damage or expense from strikers, lockout, workmen labour disturbances, riots or civil

commotions

3.5 Loss, damage or expense caused by Terrorist or any person acting from a political motive

4. This insurance attaches with the loading of each bale or package in to the Vessel for immediate

transit

and being continuous in all situation beyond the control of the insured in ordinary course of transit

and ceases immediately after ;

4.1 Until delivery of the goods at destination named in the policy or

4.2 On the expiry of 30(thirty) days from the time of loading on to the Vessel whichever shall

first occur.

4.3 If owing to circumstances beyond the control of the Assured either the contract of carriage

is terminated at a port or place other than the destination named therein or the transit is

otherwise terminated before delivery of the goods as provided for in Clause 4 above then

this insurance shall also terminate unless prompt notice is given to the Underwriters and

continuation of cover is requested when the insurance shall remain in force, subject to an

additional premium if required by the Underwriters.

5. Where, after attachment of this insurance, the destination is changed by the Assured, held covered

at a

Premium and on conditions to be arranged subject to prompt notice being given to the

Underwriters.

Claims

6. 6.1 In order to recover under this insurance the Assured must have an insurable interest in the

subject matter insured at the time of loss

6.2 Subject to 6.1 above, the Assured shall be entitled to recover for insured loss occurring during

the period covered by this insurance, not withstanding that the loss occurred before the

contract of insurance was concluded unless the assured were aware of the loss and the

underwriters were not.

43


Benefit of Insurance

7. This insurance shall not inure to the benefit of the carrier or other Bailee.

Minimising Losses

8. It is the duty of the Assured and their servants and agents in respect of loss Recoverable

hereunder

8.1 to take such measures as may be reasonable for the purpose of averting or minimising

such loss and

8.2 to ensure that all right against carriers, Bailees or other 3rd parties are properly preserved

and

exercised by lodging a monetary claim against Carriers/Bailees within six months from the

date

of issue of Bill of loading or as prescribe by the relevant statute and the underwriters will in

addition to any loss recoverable hereunder, reimburse the assured for any charges

properly and reasonably incurred in pursuance of these duties.

8.3 Measures taken by the Assured or the Underwriters with the object of saving, Protecting or recovering the subject matter insured shall not considered as a Waiver or acceptance of abandonment or otherwise prejudice the right of either Party.

Avoidance of delay :


Law & Practice :10. This insurance is subject to Bangladesh Law & Practice.

INLAND CARGOES (WATER BORNE) TARIFF.RATE SCHEDULE NO. 1.

Rate for inland cargoes (water borne) Clauses

Rate for all risks

From : To : (Raw Jute & other goods)

Raw Jute

Other goods

a) Any loading station in Bangladesh

Overseas Vessel at Khulna, Chalna/Mongla orChittagong

0.35% 1.00% 0.90%

b) Any loading station in Bangladesh

Any discharging station in Bangladesh other than a above.

0.35% 0.95% 0.90%

Rate Schedule No. 2

Short Voyages (Not applicable to transit by Rail)

For voyages between Chalna/Mongla, Khulna, Khalishpur and Daulatpur and also for voyages less than 35 miles the following concession Rates shall apply:

44


Rate for Inland Cargoes (Water

Borne ) Clauses

Rate for All Risks

(Raw Jute & other goods) Raw Jute Other goods

0.15% 0.30% 0.35%

N.B. For extension of duration beyond 30 (thirty) days 25% of the Tariff Rate is to be charged for each 7 (seven) days or part thereof for maximum 14(fourteen) days.

Air Cargo Tariff.

Section - 6

45


Air Cargo Tariff.

Section – 6

Schedule of Rates on Cargoes by Air Except precious Stones, Jewellery, Currency Notes, Diamonds

Sl. No. Cover Rate

1. Air Risks 0.30% subject to minimum premium of Tk. 100/-

2. Air Risks + ND 0.60% subject to minimum premium of Tk. 100/-

3. Air Risks + TPND 0.90% subject to minimum premium of Tk. 100/-

4. Air All Risks 1.20% subject to minimum premium of Tk. 100/-

Special premium Rates for Industries within EPZ including the Export Oriented Garments industries outside EPZ.

1. Air Risks -Only 0.20% subject to minimum premium of Tk. 100/-

2. Air Risks + ND 0.45% subject to minimum premium of Tk. 100/-

3. Air Risks + TPND 0.70% subject to minimum premium of Tk. 100/-

4. Air All Risks 0.75% subject to minimum premium of Tk. 100/-

N.B. i. The Rates enumerated above apply both to Inland and Overseas shipment.

Premium rate, terms and conditions for Air Risk of Various Telecommunication Equipment Including Mobile Phone Sets and T.V. Channels.

a. Air All Risk 0.15% with 1% excess on E . E . L

b. Air Risk Only 0.075% with 1% excess on E . E . L

c. Air Risk + ND 0.10% with 1% excess on E . E . L

d. Air Risk + TPND 0.12% with 1% excess on E . E . L

Conditions :

The above rates are applicable only to Telecommunication Company and not applicable to General Traders/Importers of Mobile Phone sets (Circular No. 57/2005 dated 18-09-2005 and M-60/2005 dated 22-12-2005

Air Risk Only Clauses

1. Commencement, Duration & Termination of Risk

(a) This insurance attaches from the time the subject matter insured is loaded in to the Air Craft a6t the place named in the policy for the commencement of the transit and continues during the ordinary course of transit and terminates on unloading of the cargo at the final Airport of the destination named in the policy.

Or in any other airport which the assured elect to use either for storage or allocation or distribution.

Or on the expiry of 30 days from the date of loading whichever shall first occur.

(b) This insurance shall remain in force (subject to termination as provided for above and to the provisions as given below) during delay beyond the control of the assured any deviation, forced discharge,

46


reshipment of transhipment and during any variation of the adventure is arising from the exercise of a liberty granted to the Air carriers under the contract of carriage.

(c) If owing to circumstance beyond the control of the Assured either the contract of carriage is terminated at a

place other than the destination named therein or the adventure is otherwise terminated before the delivery of the subject matter insured as provided for above then subject to prompt notice being given to underwriters and payment of additional premium this insurance shall remain in force until either.

2. Warranty :

(a) Warranted free from loss or damage unless caused by Air Crash due to any reason or hijacking, forced landing and collision with any object in the air, whilst in transit.

(b) Warranted that no liability shall attach to the insurer for goods lost or damaged whilst in the custody of the carriers unless a claim provisional or otherwise accompanied with necessary claim documents has been lodged by the insured against the carriers concerned immediately on detection of such loss or damage at the time of delivery. In no dose cleans receipt should be given to the carriers for goods delivered in defective/damage conditions.

(c) Held covered at a premium to be arranged in case of change of transit or of any omission or error in the description of the subject matter insured or of the transit.

(d) It is the duty of the assured and their agents in all cases to ensure that all rights against carriers, Bailees or other third parties are properly preserved and exercised.

(e) It is a condition of this insurance that the assured shall act with reasonable despatch in all circumstances within their control.

N.B. : If it is necessary to extend the duration of cover, then the insured shall have to apply 10(Ten) days before

the expiry of duration to the Committee through their insurer highlighting the circumstances as to why extension is required.

47


(for use only with the new marine policy form)

Institute cargo clauses (Air)(excluding sending by Post)

RISK COVERED1. This insurance covers all risks of loss of or damage to the subject-matter insured

except as provided in Clauses 2,3 and 4 below.

Risks Clause

EXCLUSIONS2. In no case shall this insurance cover

2.1 Loss damage or expense attributable to wilful misconduct of the Assured.


2.3 Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject matter insured (for the purpose of this Clause 2,3 “packing” shall be deemed to include stowage in a container or lift van but only when such stowage is carried out prior to attachment of this insurance by the Assured or their servants)

2.4 Loss damage or expense caused by inherent vice or nature of the subject-matter insured.

2.5 Loss damage or expense arising from unfitness of aircraft conveyance container or lift van for the safe carriage of the subject-matter insured, where the Assured or their servants are privy to such unfitness at the time the subject matter insured is loaded therein.

2.6 Loss damage or expense proximately caused by delay, even though the delay be caused by a risk insured against.

2.7 Loss damage or expense arising from insolvency or financial default of the owners managers charters or operators of the aircraft

2.8 Loss damage or expense arising from the use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter

General Exclusions Clause


3.1 War civil war revolution rebellion insurrection, or civil strike arising therefrom, or any hostile act by or against a belligerent power.

3.2 Capture seizure arrest restraint of detainment (piracy excepted), and the consequences thereof or any attempt thereat

3.3 Derelict mines torpedoes bombs or other derelict weapons of war.

War Exclusion Clause


4.1 Caused by strikers, locked-our workmen, or persons taking part in labour disturbances, riots or civil commotions

4.2 Resulting from strikes, lock-out, labour disturbances, riots or civil commotions


DURATION

5. 5.1 This insurance attaches from the time the subject-matter insured leaves the warehouse, premises or place of storage at the place named herein for the commencement of the transit, continues during the ordinary course of transit and terminates either

Strikes Exclusions Clause

Transit Clause

5.1.1 On delivery to the Consignees or other final warehouse, premises or place of storage, whether prior to or at the destination named

48


herein.

5.1.2 On delivery to any other warehouse, premises or place of storage, whether prior to or at the destination named herein, which the Assured elect to use either

5.1.2.1for storage other than in the ordinary course of transit or

5.1.2.2for allocation or distribution or

5.1.3 on the expiry of 30 days after unloading the subject-matter insured from the aircraft at the final place of discharge,


5.2 if, after unloading from the aircraft at the final place of discharge, but prior to termination of this insurance, the subject-mater insured is forwarded to a destination other than that to which it is insured hereunder, this insurance, whilst remaining subject to termination as provided for above, shall not extend beyond the commencement of transit to such other destination.

5.3 This insurance shall remain in force (subject to termination as provided for above and to the provisions of Clause 6 below) during delay beyond the control of the Assured, any deviation, forced discharge, reshipment of transhipment and during any variation of the adventure arising from the exercise of a liberty granted to the air carriers under the contract of carriage.

6. If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at a place other than the destination named therein of the transit is otherwise terminated before delivery of the

subject matter insured as provided for in Clause 5 above, then this insurance shall also terminate unless prompt notice is given to the underwriters and continuations of cover is requested when the insurance shall remain in force, subject to an additional premium if required by the underwriters, either

6.1 Until the subject-matter is sold and delivered at such place or, unless otherwise specially agreed, until the expiry of 30 days after arrival of the subject matter hereby insured at such place, whichever shall first occur, Or,

6.2 If the subject matter is forwarded within the said period of 30 days (or any agreed extension thereof) to the destination named herein or to any other destination, until terminated in accordance with the provisions of clause 5 above.

Termination of Contract of Carriage Clause

7. Where, after attachment of this insurance, the destination is changed by the

Assured, held covered at a premium and on conditions to be arranged subject to prompt notice being given to the underwriters.

Change of Transit Clause

8. 8.1 In order to recover under this insurance the assured must have an insurable interest in the subject matter insured at the time of the loss.

8.2 Subject to 8.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, notwithstanding that the loss occurred before the contract of insurance was concluded, unless the Assured were aware of the loss and the underwriters were not.

Insurable Interest Clause

49


9. Where, as a result of the operation of a risk covered by this insurance, the insured transit is terminated at a place other than that to which the subject matter is covered under this insurance, the Underwriter will reimburse the Assured for any extra charges properly and reasonably incurred in unloading storing and forwarding the subject-matter to the destination to which it is insured hereunder.

This clause 9 which does not apply to general average or salvage charges, shall be subject to the exclusions contained in clauses 2,3 and 4 above and shall not include charges arising from the fault negligence insolvency or financial default of the Assured or their servants.

Forwarding Charges Clause

10. No Claim for constructive total Loss shall be recoverable hereunder unless the subject-matter insured is reasonably abandoned either on account of its actual total loss appearing to be unavoidable or because the cost of recovering, reconditioning and forwarding the subject-matter to the destination to which it is insured would exceed its value on arrival.

Constructive Total Loss Clause

11. 11.1 If any increased value insurance is effected by the Assured on the cargo insured herein the agreed value of the cargo shall be

deemed to be increased to the total amount insured under this insurance and all increased value insurance covering the loss and liability under this insurance shall be in such proportion as the sum insured herein bears to such total amount insured In the event of claim the assured shall provide the Underwriters with evidence of the amounts insured under all other insurance.

11.2 Where this insurance is on increased value the following clause shall apply :

The agreed value of the cargo shall be deemed to be equal to

the total amount insured under the primary insurance and all increased value insurance covering the loss and effected on the cargo by the Assured, and liability under this insurance shall be in such total amount insured. In the event of claim the Assured shall provide the Underwriters with evidence of the amounts insured under all other insurance.

Increased Value Clause

Benefit of Insurance

12. This Insurance shall not inure to the benefit of the carrier of other bailee.

Not to inure Clause

Minimizing losses

13. It is the duty of the Assured and their servants and agents in respect to loss recoverable hereunder

13.1 To take such measures as may be reasonable for the purpose of

Duty of Assured Clause

50


averting or minimizing such loss and

13.2 To ensure that all rights against carriers, bailees or other third parties are properly preserved and exercised and the Underwriters will, in addition to any loss recoverable hereunder, reimburse the Assured for any charges properly and reasonably incurred in pursuance of these duties.

14. Measures taken by the Assured or the Underwriters with the object of saving protecting or recovering the subject-matter insured shall not be considered as a

waiver or acceptance of abandonment or otherwise prejudice the rights of either party.

Waiver Clause

Avoidance of delay

15. It is a condition of this insurance that the Assured shall act with reasonable dispatch in all circumstances within their control

Reasonable Despatch Clause

Law and practice

16. This insurance is subject to English law and practice.

English law and practice Clause

Note: it is necessary for the Assured when they become aware of an event which is “held covered” under this insurance to give prompt notice to the underwriters and the right to such cover is dependent upon compliance with this obligation.

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Bangladesh Specie Tariff.

Section - 7

Section – 7Bullion and Specie (including Securities) Jewellery, Precious Stones Tariff

Definitions :

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(a) Bullion Means Raw Gold or Silver in lump.

(b) Specie means Metal in the form of minted pieces.

By steamer, Aircraft, Rail and Road. Rate (All Risks)

1. By AircraftFrom airport to airport within the territory of BangladeshFrom any Bangladesh airport to any airport in foreign Country, Provided no transhipment is involved.

2. By Rail From any place to any other place within the territory of Bangladesh

3. By Road

1.10%

0.12%

0.12%

To be referred to the Committee

N . B. 1. Whenever War and/or S.R.C.C. cover is granted, the current scale Rates must be charged.

2. Rates provided herein are for All Risks cover and wherever applicable, Institute Cargo Clause (A) or Inland Transit Risk Clause (A) as applicable shall be used

3. Securities shall be insured for their face value or market value whichever is less and 4.% of the schedule premium Rate shall be charged.

Policies covering securities shall be subject to the following Warranty :“Warranted that in the event of loss of or damage to the securities, the indemnity will be limited to the cost of obtaining duplicate securities unless it is established that the lost securities have been encashed fraudulently.”

4. Where valuables are carried in the Bullion Room of a Liner, 75% of the schedule Rate is chargeable.

5. If door-to-door cover in conjunction with the transit risk mentioned under sections 1 to 3 is required, additional Rate is chargeable as below :-

Sum insured involved in any one transit not 0.03% If under armed escort, 50% of these additionalExceeding Tk. 20,000/- Rates are chargeable.

Sum insured between Tk. 20,000/- and Tk.100,000/- 0.05%

Sum insured Tk.100,000/- and above but 0.03% Cover to be provided if carried under armed not exceeding escort only.

Cover does not include the risk of infidelity of the Assured’s employees. This may, however, be covered at an extra premium of 20% of the ascertained premium.

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Tea TariffSection - 8

Tea TariffSection - 8

1. Scope of the Tariff :

From the time of plucking the Tea, Tea in process, Packing, Storage and in transit up to Buyers warehouse abroad but not beyond the port area or Inland transit from place to place within Bangladesh.

2. Terms :

Policy shall be subject to Tea Clause as per specimen given in this Tariff.

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N.B. Wider Cover for despatch by Country Boat is prohibited.

3. Rates :

ICC ‘C’ for inland Vessel All Risks& Truck/Lorry/Rail-Risk.

a) From the time of plucking to Chittagong 0.075%0.10%Warehouse/Auction house by any mode of Conveyance except country Boat.

b) From Auction House/Rly. Station in Chittagong to insured’s Warehouse and /or 0.06%Along side the Vessel in Chittagong by Truck/Rail.

c) From Chittagong Warehouse to buyer’s 0.15% 0.40%Warehouse abroad by (not beyond the Port area) all classed Vessels. OverageUnder tonnage extra will be charged According to tariff in addition to the RatesShown herein.

To Nepal via India by Rail (All Risks) 1.10%

To Nepal via India by Truck (All Risks) 1.50%

TEA CLAUSES AND CONDITIONS

On Tea the crop valued at Tk. Per Ibs the estimated outturn of the crop being Ibs, it is understood that the auction and premium will be adjusted and losses paid at the Rate obtained at the auction plus the Rate of excise duty paid per Ibs. Provided always that such excise duty is actually paid and is not refundable.

IN THE EVENT of loss before manufacture, 4 Ibs. Of green leaf will be considered equal to 1 Ibs. Of manufactured tea.

MODE OF CONVEYANCE .Any mode of traditional conveyance.DURATION OF COVERThis insurance commences from the time leaf is plucked and continues whilst at and from the Gardens and/or Factories whilst carrying by any conveyance on route to CHITTAGONG PORT and/or ANY WAREHOUSE IN CHITTAGONG. Tea sold in Chittagong to be held covered here-under until delivered to the buyers F.O.B. or elsewhere in CHITTAGONG.

HELD COVEREDFor covered shipments to be declared and Rated separately upon declaration.

CONDITIONS OF COVERThis insurance is against all risks of loss of or damage (Excluding Hail Damage) to the subject matter insured but shall in no case be deemed to extend to cover loss, damage or expense proximately caused by delay or inherent vice or nature of the subject matter insured.

The policy can be extended to cover R.R. & C.C. risk as per institute S.R.C.C. Clause current on the date of despatch on payment of additional premium as per scale.

CLAIMS :

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Any loss or damage to be settled without reference to the liability or non-liability of the carriers or other Bailees whether under special arrangement between the Assured and carriers or other Bailees or otherwise

Claims for loss or damage within the terms of these Clauses shall be payable irrespective of percentage. In the event of damage, brokers certificate to be accepted as proof of claim and claims to be adjusted on price in bond.

WASTE AND/OR RESIDUE AND/OR STALKY TEA – To be hereafter declared at values as agreed on policy conditions including Non-delivery.

It is hereby agreed to extend this contract to cover tea which may be manufactured at any neighbouring garden of the same ownership as the producing garden including the risk of transit to and from.

15% ON GARDEN CLAUSE

NOTWITHSTANDIGN – anything herein contained to the contrary, it is agreed that this insurance covers tea whilst at the Gardens for any purpose whatever, In the event of loss arising from the risks of Fire, Strikes or Civil Commotion the sum recoverable hereunder shall be the full amount of such loss up to but not exceeding the value of the 15(fifteen) percent of the estimated total weight of crop.

CONTINUATION CLAUSE

In the event of any shipment coming upon this policy the value of which is in excess of the sum then remaining available it is mutually agreed that the insurer shall grant a policy for such excess up to but not beyond the amount of this policy and the assured shall pay the premium thereon at the same Rate.

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JUTE AND JUTE GOODS EXPORT TARIFF

SECTION – 9

JUTE AND JUTE GOODS EXPORT TARIFF

SECTION – 9

1. Scope of the Tariff: This tariff is applicable to:

(i) Interest : Shipments of jute and jute goods :(ii) Voyage : Form Chittagong and Chalna/Mongla to any where in the world

2. Regulations & Agreements Section is applicable to this Tariff except where otherwise varied

by the provisions hereinafter included.

3. Rates: (All Rates are strictly met).

The following minimum Rates should be charged in respect of all Cargo under deck, by Vessels talling within the classification Clause: -

(A) To Anywhere in the world :

Per Cent(1) Jute (i) C --- i) 0.40%

(ii) B --- ii) 0.50%

(iii) A --- iii) 0.60%

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(2) Jute goods (i) C --- i) 0.30%

(ii) B --- ii) 0.40%

(iii) A --- iii) 0.50%

4. Transhipment: For each transhipment, an additional premium of 0.25% should be charged.

5. Terms :(i) Jute/Jute goods: The Rates shown against “C” above are subject to the use

of the Institute Jute Clause dated 01-01-1984.

(ii) Other Rates shown against “B” and “A” are subject to the usual institute cargo clauses A&B.

6. Inland Transit : Whenever there is an Inland transit prior to loading in an overseas Vessel, the

transit must be covered by a separate policy or certificate under the Inland Vessels Tariff.

COUNTRY BOAT TARIFF

Section – 10

58


COUNTRY BOAT TARIFFSection - 10

Applicable to Jute and/or Hemp and/or Cotton and/or Salt and/or Grains (including Pulse and/or Seeds of all kinds) and/or other raw materials in un-manufactured and/or unprocessed state including Tea and Machinery by Country boats not in tow.

1.1 Rates .

The Rates shown in the schedule are in Taka per cent.

1.2 Premium will be charged on 100% or the sum insured. The liability under this policy shall be 75% of the sum insured.

2. Agreement not to refund cost of protest.

By agreement Offices are not at liberty to pay the cost of Manjis, or Tindals or other Protest, which may be made in order to free Boat Owners from liability or to enable Cargo owners to claim against their underwriters.

3. S.R. & C.C. Risks

S.R & C.C. Risks not to be included without additional premium and then subject to the terms of the agreement regarding War, S.R. & C.C. Risks and Regulations issued by the Committee.

4. Standing Open Policies and/or Standing Open Covers.

It is not permissible to issue Standing Open policies and/or Standing Open Covers.

5. Specific Open Covers

Specific Open Covers may, upon acceptance of applications be granted pending the issue of policies. Such Covers shall specify that the risk is insured subject to the conditions of the Country Boat Policy.

6. Machinery

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Cover for transit of Machinery may be granted at a premium Rate of 2.50% covering the usual Country Boat Risks.

7. Commencement of Risk.

Where a Specific Cover has been issued it is required expressly to mention therein that no risk attaches prior to the postal time and date. As stamped by the postal Authorities, on the communication containing the application for a policy. Such application must be made on the “Country Boat Policy Application“ form a specimen of which is contained in this Tariff.

Where however, no such specific Cover has been issued no risk shall attach until receipt of a “Country Boat Policy Application“ form and accepted by the insurers then only the risk shall attach.

8. Loading

Under Clause No.13.1 of Country Boat Clause, Loading shall have to be completed within 7(seven) days. This stipulation must be inserted in all specific cover.

Cover under terms and/or conditions in excess of those provided for by this tariff may be granted subject to the payment of a suitable additional Premium, always provided that the particular risk or any variation or extension of that risk is not expressly prohibited by any Tariff, Tariff Clause of Condition, or by any Special Agreement now in force or at any time declared in force by the Rating Committee.

Any variation of any Tariff terms and/or conditions whereby the risk of the insurers is made less is permissible, but such variation shall not entitle the assured to any reduction in the Tariff Rates unless such special Rate has been fixed.

Note :- The Regulations and Agreements section is applicable to this Tariff.

9. Sailing Notice.

Following the submission of the “Country Boat Policy Application” from the shipper and/or the Insured must in all cases on completion of loading which is in all cases limited to a period of Seven days-immediately notify the insurers by means of the “Sailing Notice” form.

10.Limit in one Boat

No policy shall be issued for a sum exceeding Tk. 15,00,000/- (fifteen Lacs) without consent of the Marine Rating Committee.

11.Eorms.

(A) Specimen of the standard “Country Boat policy”, (B) Specimen of Application” for the Country Boat policy” and (C) Specimen of the “Sailing Notice” are given in this tariff and it is not permissible to after any of the conditions, stipulation’s of the wordings thereof.

12.Cancellation of Voyage after loading.

In cases where either during loading or on completion of loading the insured applies for cancellation of the cover granted, a Rate of 3/8% must be charged.

13.Limits of the port of Chittagong :

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To the North-East

(a) A line drawn across the river Karnafuli in a north 39' 39’ west (true) direction

from a masonry pillar situated 1½ miles above the railway bridge at Kalurghat on the left bank of the river in the village Kadurkhil, to a pillar situated on the right bank or the river in the village Guzara-Noapara.

(b) A line drawn (true) across the river Halda from a masonry pillar situated on the

left bank of the river ¾ mile above the north in the village Guzara-Noapara to a pillar situated on the right bank of the river in the village Mauhara.

To the North :-

A line drawn west (true) to a distance 2/5 miles from a boundary pillar which is situated Latitude 22' 15’ – 28“ North, Longitude 91' 46” – 49” East, in the village Patenga.

To the South –

A line drawn west (true) to a distance 1½ miles from the boundary pillar which is situated 22' 9’ – 50“ North, Longitude 91' 49” – 29” East, in the village Patenga.

To the West –

A line joining the western extremities of the north-west and south limits of the port of Chittagong as defined above.

These limits include so much of the river Karnafuli and the shore thereof as lie within fifty yards of high water mark at ordinary spring tides.

Country Boat Premium Schedule.

From place to place in the same District (Over 25 miles as the crow fillies) 2.85%

From a place in one District to a place in an Adjoining District (Over 25 miles as the crow fillies) 3.55%

From a place in one District to a place in Another District (not Adjoining) 5.70%

Voyages under 25 miles as the crow fillies 2.02%

Voyages over 3 miles and under 6 miles 1.00%

Voyages 3 Miles and under ………… 0.50%

Rates for storages in Country Boats

Storage in Country Boats for first 7 days or part thereof 0.50% of the Tariff Rate.

An additional 0.50% of the tariff Rate for each 15 days thereafter.

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In the event of Fire not being covered on Jute Hemp and Cotton, 25% discount from the above Rates will be allowed.

Specimen of(A) COUNTRY BOAT POLICY

Policy No Marine @ Tk.Amount insured Tk. SRCC @ Tk.

VAT Tk.Stamp duty Tk.Total Tk.

For the consideration hereinafter provided, and subject to the conditions and warranties herein specified does by these present hold assured as well in own name as in that of those to whomsoever the same may appertain, at and from (subject to date Clause hereon)In the sum of not exceeding Tk. Say TakaUponIn the COUNTRY CARGO BOAT NO. Whereof son of of village in Manji and the assured’s Charandar and (subject to date clause hereon) beginning the adventure upon the aforesaid interest from the loading thereof on board the said boat at, as aforesaid, and continuing during the time of voyage as aforesaid, until landed or if not landed until 72 hours after the arrival of the said boat at destination (if Chittagong, within Insurance limits of the Port) whichever may first occur.

And it shall be lawful for the said Cargo boat, within the limits of the said voyage, to proceed, touch and stay at any place whatsoever if thereunto obliged by stress of weather of for the safety of the Cargo (not otherwise) without prejudice to the Assurance.

The adventures and Perils which the said insurer agrees to bear and take upon itself in this voyage are those arising from perils of the Rivers and Inland Navigation but warranted free from average unless caused by the boat being sank or burnt. (Riot and Civil commotion Seizures and Detentions by police, villagers or other persons, whether in authority or authority or otherwise, and the consequence of any attempts thereat always excepted.)

And in case of any loss or misfortune it shall be lawful to the Assured, their Factors, Servants and Assigns to sue, labour and travel for in and about the defence, safeguard and recovery, of the aforesaid subject-matter of this Insurance or any part thereof, without prejudices to this Assurance, to the charges whereof the said insurer will contribute in proportion as the sum hereby insured is to the whole amount at risk, and the acts of the Assured or of this insurer in recovering, saving or preserving the property assured shall not be considered a waiver or acceptance of abandonment..

It is a condition of this Insurance that no other Insurance on the interest hereby insured has been or will be effected with any other Underwriter or insurers.

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Losses recoverable hereunder shall be payable by the insurer in Dhaka two months after adjustment and admission of the claim, which shall be based on the market value of the interest insured at the date of the loss or on the insured value thereof, at the option of the insurer.

And this insurer is content and does hereby hold itself bound to the Assured his or their Executors Administrators or Assigns, for the true performance of the premises in consideration of the sum due to it for this Assurance, at the Rate of %.

In no case shall this insurance, attach prior to o’clock A.M.___ON THE _______197 , anything herein to the contrary not with P.M.Standing, and this insurer shall not be liable for any loss that may have happened before that timeIn Witness whereof, WE ________________________________________________ have hereunto subscribed our Name in Chittagong on this _________________________________________ day of 199___.

For and on behalf of

No. _______ Specimen of (B) APPLICATION FOR COUNTRY BOAT POLICY

__________________________________________________________________________________________________________________________19______To ____________________________________________________________________________________

Dear Sirs,

Please grant me/us policy, subject to the usual terms and conditions of your country Boat Policies as follows Via :

Boat No._________Manji’s Name _________Son of ___________Village ______________Charundar’s Name_____________Place of loading _____________________Ghat or Hat. (This must be some well known and recognised place of loading) village nearest Post office __________ Thana_________ District _______________ Date of loading Commenced ___________Destination__________________Cargo _____________Bales/or________Jute weighing_________Quintal _______K.g._______ and marked

Name of Bapari/Mokami _________________Policy to be in the name of __________INCLUDING FIRE RISK/EXCLUDING FIRE RISK (of which I/we agree to bear 25% at my/our entire Risk)

I/We hereby agree to pay the premium for this insurance at tariff Rates, within seven days from the date of despatch of the policy.

This declaration must be signed by The applicant in person.

Tk.________________ @ % = Tk. : : : : Policy No.______________.______________

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Tk. : :

Agent’s Name ___________________________________________________________________________________________________

* Here state quality or name of the jute.Specimen of

Sailing Notice

___________________________________________

___________________________________________

____________________________________19______

To _________________________________________

___________________________________________

Dear Sirs,

Referring to my/our application for insurance date ____________ for a Shipment of _________ jute

valued at Taka _____________ Per __________ Manji’s boat, I/we now beg to inform you

That the actual amount shipped is ________________________ Bales of ______________

Jute weighing _________ quintal __________ K.g._________ valued at Taka ___________ which is kindly

note and oblige.

Yours Faithfully,____________________

____________________

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Country Boat TariffSection – 10

Applicable to Cargoes Carried by Country Boat.

All Cargoes carried by Country Boats (Mechanised /Non-Mechanised) shall be insured subject to the conditions and Rates etc., laid down hereunder.

1. Country Boat ClausesRisks Covered Risks

Clause(1) This insurance covers except as provided in clauses (2), (3),(4) and (5)

1. Loss of or damage to the subject matter insured reasonable attributable to 1.1 Country Boat being burnt1.2 Country Boat being stranded or sunk1.3 Overturning collision.

Exclusions(2) In no case shall this insurance cover

2.1 Loss, damage or expense wilfully caused by or due to unlawful conduct or negligence or misbehaviour on the part of the Tindal/Manjee or ht crews or the owner of the boat or shippers or consignees.

2.2 Loss, damage or expense arising out of detention, seizure or any acts of anyGovernment in consequence of the boat being engaged in illicit or contraband trade.

2.3 Ordinary leakage, ordinary loss in weight or volume or ordinary wear and tear of the subject matter insured

2.4 Loss, damage or expense caused by insufficiency or unsuitability of packing orpreparation of the subject matter insured (for the purpose of this clause 2.5 “packing” shall be deemed to include stowage in a container or lift van but onlywhen such stowage is carried out prior to attachment of this insurance or by the Assured or their servants)

2.5 Loss, damage or expense caused by inherent vice or nature of the subject matterInsured

2.6 Loss, damage or expense proximately caused by delay, even though the delay be caused by a risk insured against.

2.7 Loss, damage or expense arising from insolvency or financial default of the owners managers charters or operators of the boat.

2.8 Loss, damage or expense arising from the use of any weapon of war employing atomic or unclear fission and/or fusion or other like reaction or radioactive force or matter.

2.9 In case the voyage necessitates the boat lying at any Railway Terminus Ghat (such as Goalundo, Khulna or Lal Gola) fire risk on Jute and/or Hemp and/or Cotton in the said boat shall not be covered hereunder after contrary not withstanding).Nevertheless such fire risk may be covered for a period not exceeding 72 (Seventytwo) hours after the mooring in good safety of such boat provided telegraphic advisesof the said boat are despatched to the insurer within 6(six) hours of such arrival. Butin no case shall risk of fire attach to interest whilst on shore whether pending loadinginto Railway wagons or otherwise.

(3) In no case shall this insurance cover Un-seaworthinessand Unfitness

3.1 Loss, damage or expense arising from unfitness of boats for the safe Exclusion Clause

carriage of the subject matter insured, where the Assured or their servants are privy to such unfitness, at the time the subject matter insured is loaded therein.

3.2 The Underwriters waive any breach of the implied Warranties of fitness or the boat to carry the subject matter insured to destination, unless the Assured or their servants are privy to such unfitness.

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(4) In no case shall this insurance cover loss damage or expense caused byWar 4.1 War, civil war, revolution, rebellion, insurrection, or civil strife, arising Exclusion

There-from, or any hostile act by or against a belligerent power.Clause4.2 Capture, seizure, arrest, restraint, or detainment and the consequences

thereof or any attempt thereat.4.3 Derelict mines torpedoes bombs or other derelict weapons of war.

(5) In no case shall this insurance cover loss damage or expense Strike5.1 Caused by strikers, locked-out workmen, or persons taking part in labour Exclusion

Disturbances, riots or civil commotions. Clause5.2 Resulting from strikes, lock-out, labour disturbances, riots or civil

commotions.5.3 Caused by any terrorist or any person acting from a political motive.

Time Bar(6) In no case shall this insurance cover loss damage or expense after the expiration

of 6(six) months from the date of occurrence of the loss or damage unless the suit is filed against the insurer within this period.

(7) This insurance attaches from the time the Cargo insured is loaded on the Boat at Transit the Ghat/Port named in the policy and continues during the ordinary course of Clause voyage and ceases on landing or the Cargo or 72 hours after arrival of the boat at the final port destination named in the policy, whichever is earlier.

(8) In the event of the boat carrying the Cargo insured being forced to take shelter in Termination any Ghat/Port other than the Ghat/Port of destination mentioned in the policy

due of AdventureTo accident or mishap or stress of weather and discharges the Cargo at such ClauseGhat/Port or the Cango is transhipped into another boat the insurance hereundershall cease from the time the Cargo is discharged over-side the boat. In the event of the Cargo remaining in the boat and the voyage not being abandoned, the cover shall continue for a period of 7(seven) days from the time the boat takes shelter.

Claims InsurableInterest

(9) 9.1 In order to recover under this insurance the Assured must have an Clause

Insurable interest in the subject matter insured at the time of the loss.

9.2 25% of the insured value shall be at the risk of the Assured irrespective of interest insured hereby and loss or damage due to whatsoever nature and that in no case the liability of this insurer shall exceed 75% of such value.

9.3 Subject to 9.1 above, the Assured shall be entitled to recover for insured loss occurring during the period covered by this insurance, notwithstandingthat the loss occurred before the contract of insurance was concluded, unless the Assured were aware of the loss and the underwriters were not.

9.4 In the event of loss :-(a) The Manji or charandar must immediately report such occurrence

to the nearest police Out post, Thana or Station.(b) After report has been made to the police, the Manji or Charandar

shall Proceed to the nearest Telegraph Office and report the loss by telegraph Office and report the loss by telegram to the insurer at Dhaka or to other office of the insurer who may be nearest tothe scene of the accident.

(c) The assured shall, within 14 (Fourteen) days of the happening of such loss, furnish to the insurer a statement and account of such loss, showing where adb how such loss occurred, together with the Manji’s protest or written statement made before a Magistrate.

(d) The assured shall furnish and produce to the insurer or to its representatives, such other evidence, books of accounts, or documents as they may reasonably require, and also, if required, the Manji and/or Charandar and/or all or any or the

66


crew.

(e) Every statement of, or in connection with any loss made by the Assured or by his servants or Agents shall be full, complete and truthful, with no concealment or misrepresentation of any kind.

Benefit of Insurance. Not to inure

Clause(10) This insurance shall not inure to the benefit of the carrier of other Bailee.

Minimising Losses

(11) It is the duty of the Assured and their servants and agents in respect of loss Duty of Recoverable hereunder Assured11.1 To take such measures as may be reasonable for the purpose of Clause

Averting or minimising such loss, and

11.2 To ensure that all right against carriers Bailees or other third parties areProperly preserved and exercised.

And the Underwriters will, in addition to any loss recoverable hereunder,Reimburse the Assured for any charges properly and reasonably incurred in Pursuance of these duties.

(12) Measures taken by the Assured or the Underwriters with the object of saving WaiverProtecting or recovering the subject matter insured shall not be considered as ClauseWaiver or acceptance of abandonment or otherwise prejudice the right of eitherParty.

Avoidance of DelayReasonable

Despatch(13) It is a condition of this insurance that the Assured shall act with reasonable despatch Clause.

In all circumstances within their control.

13.1 Loading shall be completed within 7(seven)days and voyages shall commenced without delay, and shall not deviate from the customary route not delay upon the voyage.

13.2 The assured shall not be detained in the Canal after receipt of the toll pass, and no delay shall occur in obtaining such pass.

(14) In the event of the interest hereby insured being brought into Chittagong by Rail the risk of river delivery in Chittagong is not covered under this policy unless specially provided hereon in writing, in which case boat risk in Chittagong will be subject to all the terms and conditions of this policy.

(15) That for the purpose of this policy, the term “Insurance limits of the Port of Chittagong” shall be deemed to be as follows :-To the North East –(a) A line drawn across the river Karnafuli in a north 39' 39’ west (true)

Direction from a masonry pillar situated 1½ miles above the railway bridge at kalurghat on the left bank of the river in the village Kadurkhil,to a pillar situated on the right bank or the river in the village Guzara-Noapara.

(b) A line drawn west(true) across the river Halda from a masonry pillar situated on the left bank of the river ¾ mile above the south inthe village Guzara-Noapara to a pillar situated on the right bank of the river in the village Mauhara.

To the North:-

A line drawn west (true) to a distance 2 and ½ the miles from a boundary pillar which is situated Latitude 22' 15’ – 28“ North, Longitude 91' 46” – 49” East, in the village Patenga.

To the South –

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A line drawn west (true) to a distance 1½ miles from the boundary pillar which is situated 22' 9’ – 50“ North, Longitude 91' 49” – 29” East, in the village Patenga.

To the West –

A line joining the western extremities of the north-west and south limits of the port of Chittagong as defined above.

These limits include so much of the river Karnafuli and the shore thereof as lie within fifty yards of high water mark at ordinary spring tides.

16. Restrictions: No smoking or cooking shall be carried on in the said Boat, nor shall naked lights be used.

17. All claims shall be supported by the following documents

a) Original Insurance Policyb) Manji’s /Tindals’ Note of protest on stamped Paper c) Copy of first information report lodged to the Policed) Original final police investigation report.e) Original copy of Invoice/Boat Chalan.f) Original Survey Reportg) Meteorological Report from the concerned Authority (if necessary)h) Claim Bill in triplicate.i) Any other documents if required by the insurer.

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Export TariffSection - 11

EXPORT TARIFFPREMIUM RATES FOR EXPORT BY SHIP.

SECTION - 11Rate Schedule No.1

The Rates are from warehouse to warehouse.

Sl. No.

Type of Goods Nature of Cover

Rates

1. Crushed bone in gunny bags ICC – “A”

ICC – ‘B”ICC – ‘C”

1.00% (with 1% excess on the whole shipment) 0.60% ( “ “ “ “ ) 0.40% ( “ “ “ “ )

2. Stainless steel cutlery ICC – “A”ICC – ‘B”ICC – ‘C”

0.85% ( “ “ “ “ )

0.55% ( “ “ “ “ ) 0.35% ( “ “ “ “ )

3. Spirit A B C

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Steel DrumPlastic carboys Glass carboys.

1.50 1.00 0.60 2.50 1.50 0.90 3.00 2.25 1.50

4. Rice ICC – “A”

ICC – ‘B”

ICC – ‘C”

1.00% (1% excess on the Whole Consignment) 0.70% (1% excess on the Whole Consignment) 0.40%

5. Iron Billets ICC – “A”ICC – ‘B”

ICC – ‘C”

1.00% 0.70% (Shipment by weight will be subject to 1% excess on the whole shipment) for A & B 0.35%

6. Fertilizer ICC – “A”ICC – ‘B”ICC – ‘C”

1.25% (1% excess on the Whole Consignment) 0.80% 0.40%

7. HDPE T-shirt Bags Embossed & Blocked

ICC – “A”ICC – ‘B”ICC – ‘C”

0.50% 0.45% 0.35%

8. Edible oil ICC – “A”ICC – ‘B”ICC – ‘C”

1.25% (1% excess on A & B)

0.70% 0.40%

9. Padding ICC – “A”ICC – ‘B”ICC – ‘C”

0.60% 0.50% 0.35%

10.

Machineries and other items used for construction/other works in Bangladesh & returned back.

ICC – “A”ICC – ‘B”ICC – ‘B” + TPNDICC – ‘C”ICC – ‘C” + ND

2.00% 0.70% 1.00% 0.40% 0.60%

11.

Tooth Pick & Tooth Brush ICC – “A”ICC – ‘B”ICC – ‘C”

0.50% 0.40% 0.30%

12.

Ball Pen ICC – “A”ICC – ‘B”ICC – ‘C”

0.70% 0.60% 0.35%

13.

All Ceramic items ICC – “A”ICC – ‘B”ICC – ‘C”

2.00% 0.70% 0.40%

14.

Polythene Bags ICC – “A”ICC – ‘B”ICC – ‘C”

0.50% 0.45% 0.35%

15.

Aerosol Spray ICC – “A”ICC – ‘B”ICC – ‘B” + TPNDICC – ‘C”

0.75% (Excluding any loss of weight) 0.50% (Excluding any loss of weight) 0.60% (Excluding any loss of weight) 0.30%

16

Cow-guts (dried) ICC – “A”ICC – ‘B”ICC – ‘C”

0.80% 0.50% 0.30%

17

Timber Logs ICC – “A”ICC – ‘B”ICC – ‘C”

0.50% 0.45% 0.30%

18

Potato in bag in refrigerated Vessel ICC – “A”


1.25% (5% excess on each & every claim.) in A & B 0.60% 0.40%

1 Salted boiled dried shell-less ICC – “A” 0.80%

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9 Prawns. ICC – ‘B”ICC – ‘C”

0.60% 0.40%

20

Bees Wax ICC – “A”ICC – ‘B”ICC – ‘C”

0.80% 0.60% 0.30%

21

Catechu ICC – “A”ICC – ‘B”ICC – ‘C”

0.80% 0.60% 0.40%

22

Fresh fruits & vegetables in Air Conditioned Chamber.

ICC – “A”


4.00% (10% excess on each & every claim.) in A & B 2.00% 0.50%

23

Spices in polythene bags ICC – “A”ICC – ‘B”ICC – ‘C”

1.50% 1.00% 0.35%

24

Spices in other bags ICC – “A”ICC – ‘B”ICC – ‘C”

1.25% 1.00% 0.35%

25

Spices in tins ICC – “A”ICC – ‘B”ICC – ‘C”

1.00% 0.75% 0.30%

26

Pulse ICC – “A”ICC – ‘B”ICC – ‘C”

0.80% (in case of bulk shipment) 0.60% (1% excess on sum insured) 0.35%

27

Handicrafts ICC – “A”ICC – ‘B”ICC – ‘C”

0.75% 0.50% 0.30%

28

Dry fish in polythene bags ICC – “A”ICC – ‘B”ICC – ‘C”

1.00% 0.60% 0.40%

29

Fire bricks ICC – “A”


10.00% (1% excess on the Whole shipment) 3.00% 0.50%

30

Super Enamelled copper wire ICC – “A”ICC – ‘B”ICC – ‘C”

0.75% 0.55% 0.35%

31 Frozen frog legs prawn & shrimps in refrigerated Vessel

ICC – “A”ICC – ‘B”ICC – ‘B” + TPNDICC – ‘C”ICC – ‘C” + ND

3.50% (Excluding rejection Clause)

0.70% 1.20% 0.50% 0.85%

32 Match Boxes ICC – “A”ICC – ‘B”ICC – ‘C”

1.00% 0.60% 0.40%

33 Chillies ICC – “A”ICC – ‘B”+ TPNDICC – ‘B”+ NDICC – ‘C”ICC – ‘C” + ND

1.25% 0.75% 0.55% 0.30% 0.40%

34 Turmeric, Corriander seed & dry ginger in bags


1.25% 0.70% 0.40%

35 Chillies & Turmeric Powder in polythene bags


1.50% (including atmospheric effects)

0.75% 0.40%

36 Chillies & Turmeric Powder and dry fish in tins

ICC – “A”ICC – ‘B”

0.90% 0.50%

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ICC – ‘C” 0.40%37 Betel (pan) & Raw ginger. ICC – “A”


1.00% 0.70% 0.40%

38 Dry Coconut & Tamarind ICC – “A”ICC – ‘B”ICC – ‘C”

0.90% 0.60% 0.40%

39 Tamarind seed, Broom of all kinds & Broom sticks coconut kernel and coir products and bamboo products.


0.50% 0.40% 0.30%

40 Nylon waste (in gunny bags) ICC – “A”ICC – ‘B”ICC – ‘C”

0.80% 0.60% 0.40%

41 Paper ICC – “A”ICC – ‘B”ICC – ‘C”

1.00% 0.70% 0.40%

42 Hides & skin in bundles and oil cake in bulk

ICC – “A”ICC – ‘B”TPNDICC – ‘C”

1.00% 0.60% 0.25% 0.15% 0.30%

43 Cotton (Karpas) & Kapok ICC – “A”ICC – ‘B”ICC – ‘C”

0.50% 0.45% 0.35%

44 Tobacco ICC – “A”


0.75% (2% excess on each & every claim.) 0.40% 0.30%

45 Fish maws Shark fins


0.80% 0.40% 0.30%

46 Naptha, Molasses, Herbs & Crude drugs.


0.80% 0.40% 0.30%

47 Porcelain-ware ICC – “A”ICC – ‘B”ICC – ‘C”

2.00% 0.50% 0.30%

48 Films & Gramophone records ICC – “A”ICC – ‘B”ICC – ‘C”

0.75% 0.50% 0.30%

49 Waste hair, fur & waste cotton ICC – “A”ICC – ‘B”ICC – ‘C”

0.60% 0.50% 0.30%

50 Books & Journal News paper and used postage stamps


0.60% 0.45% 0.30%

51 Rayon yarn and silk fabrics ICC – “A”ICC – ‘B”ICC – ‘C”

0.50% 0.45% 0.30%

52 Leather products, shoes, specialised Textiles and Ready made garments


0.50% 0.30% 0.25%

53 Telephone & Electric Wires, Electric Fans, Handicrafts Haricane & Musical Instruments.


0.75% 0.40% 0.30%

54 Cosmetics, Detergent Powder, Honey, Fruit Juice, Medicines, Cellophane of Glycerine.


0.75% 0.40% 0.30%

55 Electric Bulb ICC – “A”ICC – ‘B”ICC – ‘C”

4.00% 3.00% 0.50%

72


56 Mosquito Coil ICC – “A”ICC – ‘B”ICC – ‘C”

1.00% 0.90% 0.50%

57 Finished Leather ICC – “A”ICC – ‘B”ICC – ‘C”

0.40% 0.25% 0.20%

58 Equipment’s for Telephone exchange with digital set, PABX set, TVR, Fax Machines, Microwave Oven.


2.00% 1.50% 0.50%

59 Tortoise Shell ICC – “A”ICC – ‘B”ICC – ‘C”

0.50% 0.40% 0.30%

60 Rice bran and wheat bran in bags ICC – “A”ICC – ‘B”ICC – ‘C”

0.50% 0.40% 0.30%

61 C.I. Sheet in crate & bundles ICC – “A”ICC – ‘B”ICC – ‘B” + NDICC – ‘C”ICC – ‘C” + ND

0.80% 0.55% 0.65% 0.40% 0.50%

62 Frozen Fish ICC – “A”ICC – ‘B”ICC – ‘B” + NDICC – ‘C”ICC – ‘C” + ND

5.00% (Without rejection Clause Attachment of the risk is subject to the condition that necessary clearance is to be obtained from the Rating Committee in respect of each & every shipment prior to loading.) 0.75% 1.20% 0.50% 0.85%

63 Dry cell Battery ICC – “A”ICC – ‘B”ICC – ‘C”

1.25% 0.70% 0.50%

64 Sanitary goods ICC – “A”ICC – ‘B”ICC – ‘C”

2.40% 2.00% 0.50%

65 Melamine ICC – “A”ICC – ‘B”ICC – ‘C”

1.15% 0.60% 0.40%

PREMIUM RATES FOR EXPORT BY AIRRate Schedule No. 2

The Rates are from Warehouse to Warehouse

Sl. No.

Type of Goods Nature of Cover

Rates

1 Stainless steel cutlery Air All Risks 0.70%

2 HDPE T-shirt Bags Embossed & Blocked Air All Risks 0.90%

3 Dry Cell Battery Air All Risks 0.90%

4 Padding Air All Risks 0.50%

5 Tortoise Air All Risks 0.40%

6 Betel (Pan) & Raw ginger Air All Risks 1.00%

7 Dry Ginger Air All Risks 0.80%

73


8 Dry Coconut & Tamarind Air All Risks 0.80%

9 Tamarind Seed, Broom of all kinds & Broom sticks coconut kernel & coir Products & bamboo products

Air All Risks 0.80%

10 Cotton (Karpas) & Kapok Air All Risks 0.60%

11 Porcelain-ware Air All Risks 2.00%

12 Films & Gramophone Records Air Risks only 0.60%

13 Books & Journals, Newspaper & used Postage Stamps

Air All Risks 0.60%

14 Leather Products, Shoes, Specialised textiles and Readymade garments

Air All Risks 0.40%

15 Telephone, Electric Wires, Electric Fans Handicrafts, Haricane & Musical Instruments.

Air All Risks 0.75%

16 Cosmetics, Detergent Powder, Honey, Fruit Juice, Medicines, Cellophine of Glycerine.

Air Risks only 0.60%

17 Mosquito coil Air All Risks 1.00%

18 Flower Air All Risks 1.25%

19 Finished Leather Air All Risks 0.40%

20 Pink Pearl Air All Risks 1.50%

21 Polythene Bags Air All Risks 0.50%

22 Tortoise Shell Air All Risks 0.40%

23 Fishmaws and Sharkfins Air All Risks 0.60%

24 Rice bran and Wheat bran in bags Air All Risks 0.40%

25 Rayon Yarn and silk Fabrics, Cotton yarn, Jute Yarn Air All Risks 0.50%

26 Export of By-cycle Air All RisksAir Risks only.

0.70% 0.20%

PREMIUM RATES FOR EXPORT BY LANDrate schedule no.3

the rates are from Bangladesh to India, Nepal & Bhutan.

Extra Hazardous Goods as per Inland

Tariff Description

Any Other Goods.

1 Rail/Lorry/Truck Risks only 0.50% 0.40%2 Rail/Lorry/Truck All Risks 1.40% 1.00%

Export of Sugar in Bulk 1.25% (With 1% excess on the whole shipment) 0.60% ( “ “ “ “ ) 0.40% ( “ “ “ “ )

Per Bottom Limit -Tk. 30 Crore

74

ICC – ‘A”

ICC – ‘C” + NDICC – ‘C”


Export of By-Cycle ICC – “A”ICC – ‘B”ICC – ‘C”

1.00% ( “ “ “ “ ) 0.75% ( “ “ “ “ ) 0.30% ( “ “ “ “ )

Shut-Out Cargo Tariff

Section - 12

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Shut-Out Cargo TariffSection – 12

1. This tariff applies to all Cargoes, (other than TEA, insured under Tea Crop Policy in terms of

theTea Market Agreement) which one being shut out by the overseas vessel.

2. The cover is to be granted as an extension of Inland Transit Policy.

Shut – Out Cargo

Rates for shut-out Cargo-

(i) Craft/Raft/Lighter/Barge in mid-stream. 50% of the original rate for return journey.

(ii) Storage Risk 20% for storage of shutout cargo for two weeks or part thereof while awaiting shipment by another Vessel from the date of rejection the rate will apply on

the value of the shut out cargo.

N.B. When the goods are returned to Shipper’s warehouse involving Rail/Road Transit, appropriate full premium as per Inland Transit (Rail or Road) Tariff shall become chargeable for the return journey in addition to the above.

76


INLAND

MARINE HULL TARIFF

Section – 13

MARINE RATING COMMITTEEOF

BANGLADESH.

77


INLANDMARINE HULL TARIFF

Section – 13

1. Hull : For the purpose of this Tariff “Hull” Includes Hull, Machinery, Tackle, refrigeration machinery

and any auxiliary equipment.

2. Scope of the Tariff : a) This Tariff is applicable to all Vessels operating in Inland Waterways. Estuaries and coastal Waters of Bangladesh.

b) Inland Time Clauses (Hulls) cover will be restricted to steel body Vessels up to

20 (Twenty) years of age.

c) Inland Time Clauses (Hulls) is strictly prohibited for wooden Vessels both powered & non-powered.

d) All Hull policies shall be subject to a compulsory deductible @ 1.00% on the sum

insured with a minimum of Tk.1,00,000/- (One Lac) in respect of each & every

claim including sue, labour & Salvage charged but excluding Total loss or constructive Total Loss.

3. Regulations & Agreements : Section is applicable to this Tariff except where otherwise varied by the provisions hereinafter included.

4. Trading Limit : The Rate apply only to Vessels operating or plying in Bangladesh. For voyage (s) between

Bangladesh adjoining provinces of India Viz-west Bengal, Assam, Tipara, Estate, Meghalaya

and Bihar the following additional premium must be charged. i) For annual term 20% of the original premium.

5. Cancellation Returns: Policies may be cancelled allowing prorate monthly return of premium for each un-commenced month but subject to a minimum retention of 25% of the

annual premium

6. Short period policies : May be issued as per short period scale shown below.

For a period not exceeding 1 month 20 percent of the annual Rate.

For a period exceeding 1 month but not exceeding 2 months 30 percent of the annual Rate“ “ “ 2 “ “ “ 3 “ 40 “ “ ““ “ “ 3 “ “ “ 4 “ 50 “ “ ““ “ “ 4 “ “ “ 5 “ 60 “ “ ““ “ “ 5 “ “ “ 6 “ 70 “ “ ““ “ “ 6 “ “ “ 7 “ 75 “ “ ““ “ “ 7 “ “ “ 8 “ 80 “ “ “

78


“ “ “ 8 “ “ “ 9 “ 85 “ “ ““ “ “ 9 “ “ “ 12 “ Full Annual Rate

Short period policies may be extended for further short periods by charging additional premium on short period scales and each extension should be treated as a fresh proposal and Rated as such. However, on short period policy should be so extended as to make the total period under such policy exceed twelve. Months.

7. Time and Voyage: The Rates in this tariff apply to time policies only. Policies covering a specific voyage within the Trading Limit should be issued as short period time policies.

8. Warranties : A) All policies must be subject to the following Warranties: -

i) Warranted that the Vessel complies with all Government Regulations regarding

Navigation and safety as in force.

ii) Warranted that when laid up the Vessel must have a watchman on board.

iii) Warranted that all powered Vessels shall be in possession of a valid survey certificate issued by the Government surveyor or other such Authority.

iv) Warranted that dumb-craft shall only be operated under a valid annual license issued by the Government of the People’s Republic of Bangladesh.

v) Warranted tat powered Vessels shall not engage in towage operation except in accordance with the Rules Governing tows as laid down be the BIWTC.

vi) Towing charges if any shall be limited to BIWTC’S towing charges schedule current.

B) All policies covering Fishing Vessels must be subject to the following warranty:-

i) Warranted loss of net covered only when the Vessel it-self is total loss only.

ii) That the Fishing Vessels are allowed to ply within economic Zone of Bangladesh but shall not proceed beyond the South of 20º Degrees North

in the Bay of Bengal.

9 Fleet Discount : Will be considered by the Committee for fleets only consisting of not less than 5 Vessels, the aggregate value of which should not be less than Tk .3.00 Crore.

10 Rates :a) The following Rates shall apply for TLO (With Sue, Labour & Salvage

charges) and Inland time Clauses as per appropriate Time Clauses (Hull) but there shall be no lay-up return under the Clauses.

b) Payment of Inland Marine Hull Premium in 4(four) equal instatements is allowed- (Circular No. Marine-33/2001 dated 14.05.2001)

ii) The vessels aged up to 40 years may be covered under T.C. Hull with a loading of Tk.0.25 for each year exceeding 25 years considering excellent performance of the clients as to premium payment and loss experience and subject to satisfactory certificate by the following classification societies :

1. Lloyd’s Register of Shipping

2. American Bureau of Shipping

3. Bureau Veritas

79


4. China Classification Society

5. Garman Ischer Lloyd

6. Korean Register of Shipping

7. Russian Maritime Register of Shipping

8. Nippon Kaiji Kyokai

9. Det Norske Veritas

10. Registro Italiano Navale.

FLEET DISCOUNT ON VESSELS GROUPWISE EXCLUDING WOODEN VESSELS

GROUP NO. OF VESSEL DISCOUNT IN PERCENTAGEA 5 to 10 5%B 11 to 20 10%C 21 to 50 & above 15%

Circular No. M-44/2003 Dated 06.10.2003.

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bangladesh marine tariffs

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