header

FBN TRANSPORT CC DOES NOT PROVIDE “GOODS IN TRANSIT INSURANCE COVER”.  (FIRE COLLISION OVERTURNING AND HIJACKING) or ‘ALL RISK INSURANCE” (THEFT AND DAMAGES) WHATSOEVER UNLESS NEGOTIATED AND REDUCED TO WRITING AND INCLUDED IN YOUR RATE STRUCTURE.
   
 

Transporting goods on a large scale carries elements of risk arising from theft, damage, hijacking, etc, and FBN TRANSPORT CC, whilst continually updating security procedures, limits its liability in accordance with our Standard Conditions of Trade to R50.00 per waybill, unless you elect to cover the value of the freight under your own insurance policy or discuss the matter with us in order to arrange something at an additional cost on your behalf.

   

IN THE EVENT THAT FBN TRANSPORT CC HAVE NEGOTIATED AND REDUCED TO WRITING, INSURANCE COVER WILL BE INCLUDED IN YOUR TRANSPORT RATE.
THE FOLLOWING WILL APPLY:
FIRE, COLLISION, AND OVERTURNING INSURANCE
(GIT – Goods in transit) only and not ‘ALL RISK INSURANCE”)

FBN TRANSPORT CC Insurance is for FIRE, COLLISION, OVERTURNING AND HIJACKING. 

 

THE MAXIMUM COVER PER SHIPMENT IS LIMITED. For part loads, an average will apply.  In order that you familiarise yourselves with the Conditions and Terms of our Insurance Cover, kindly request the relevant documentation from our Head Office  031 2051705 
 A detailed Goods in Transit Schedule is available upon request and additionally included in our credit application documents

   

INSURANCE COVER. excludes items such as perishables, livestock, jewelry, gold and silver articles, precious stones, goods of a dangerous nature, explosives, fragile goods, inadequately packed goods, bullion, bank notes, coins, stamps, deed, bonds of exchange, marketable securities, or any document representing money or negotiable instruments.  Unpacked or insufficiently packed cargo is transported at “owner’s risk”.  FBN Transport cc’s maximum liability under the Standard Terms and Conditions will be R50, 00 as per waybill.

   

Should you wish to insure your freight in excess of FBN TRANSPORT CC’s LIMITATIONS, arrangements must be made with FBN TRANSPORT CC in writing, prior to us receiving your cargo (per fax, letter or email).
It is imperative that all claims must be made in writing, within 7 (seven) days of the date of the waybill, failing which FBN Transport shall be discharged from all liability.  See Annexure: Insurance claims for procedure to follow when submitting a claim.

   

HIJACKING INSURANCE COVER.

Unfortunately, due to the high risk of Hijacking in our Country, the Insurance Conditions viz a viz “Hijacking” differ from the Insurance for other occurrences.

Hijacking Insurance cover is included with the above FIRE COLLISION AND OVERTURNING insurance cover.  However, an additional excess of value of load or part thereof (using above formula) will apply.

HIJACKING EXCESS

A further additional Hijacking Excess for the following commodities Copper, Tyres, Alcoholic Beverages, Electrical and Electronic goods will apply.
A detailed Summary of the Hijacking Excess’s payable is available upon request and is included in our credit application documents