There are two types of insurance for air cargo:
1. Air Transportation Risks
Compensation for all or part of the losses caused by lightning, fire, explosion, abandonment due to bad weather or other accidents, or collision, overturning, falling or disappearance of the aircraft.
2. Air Transportation All Risks
In addition to the liability of air transportation insurance, Air Transportation All Risks also compensates for all or part of the losses caused by external reasons such as theft and shortage during transportation of the insured goods.
China Insurance Clauses Land Cargo Insurance
If the goods are transported by land transportation, there are land transportation cargo insurance clauses. There are two types of insurance:
1. Overland Transportation Risks
The insured goods are responsible for compensation for all or part of the losses caused by natural disasters such as storms, lightning, floods, earthquakes, etc. during transportation; or due to collision, overturning, derailment of land transportation vehicles; or due to the transshipment vehicles being stranded, running aground, sinking, collision during transshipment; or due to accidents such as tunnel collapse, cliff collapse, fire, explosion, etc.
2. Overland Transportation All Risks
In addition to the above-mentioned overland transportation insurance responsibilities, it is also responsible for compensation for all or part of the losses caused by external reasons such as shortage, short quantity, theft, leakage, etc.