Update of Marine Cargo Insurance to Iraq Max Zaccar
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Transcript of Update of Marine Cargo Insurance to Iraq Max Zaccar
Update of Marine Cargo Update of Marine Cargo Insurance to IraqInsurance to Iraq
Max ZaccarMax Zaccar
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The Present SituationThe Present Situation
Oil for Food Program (OIP)Oil for Food Program (OIP)
Established in 1990Established in 1990
Discontinued on the 22 November 2003Discontinued on the 22 November 2003
Confirmation of delivery now signed by Confirmation of delivery now signed by Cotechna, CPA and Iraqi AuthoritiesCotechna, CPA and Iraqi Authorities
Last shipments October 2004Last shipments October 2004
Cargo to IraqCargo to Iraq
All kinds of civilian cargoAll kinds of civilian cargo
Equipment and spare parts for the country Equipment and spare parts for the country infrastructureinfrastructure
Means of ShipmentMeans of Shipment
AirAir
SeSea
Land
Land Transit to IraqLand Transit to Iraq
All routes to Baghdad are about 600 kmAll routes to Baghdad are about 600 km
Land Transit to IraqLand Transit to Iraq
All routes to Baghdad are about 600 kmAll routes to Baghdad are about 600 km
Dangerous strip is 200 kmDangerous strip is 200 km
Types of ClaimsTypes of Claims
Very few truck accidentsVery few truck accidents
Attacks on cargos for the CPAAttacks on cargos for the CPA
Hijackings of other cargosHijackings of other cargos
Truck CompaniesTruck Companies
Dedicated truck companiesDedicated truck companies
DHL regular serviceDHL regular service
Marine InsuranceMarine Insurance
All Risk for air, sea, landAll Risk for air, sea, land
Land transit All Risks includes Piracy and Land transit All Risks includes Piracy and Malicious damageMalicious damage
WaWar and Strikes
The London clausesThe London clauses
The AWRIS clausesThe AWRIS clauses
Hijackings and TheftsHijackings and Thefts
RecoveriesRecoveries
ConclusionConclusion
Terrorist attacks or hijackings?Terrorist attacks or hijackings?
Insurance conditionsInsurance conditions
Reputable truck companyReputable truck company
Transit in convoysTransit in convoys
Coverage limited in timeCoverage limited in time
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Unless a dramatic Unless a dramatic change occurs on the change occurs on the
security level, cargo to Iraq security level, cargo to Iraq will unfortunately have to will unfortunately have to
travel without insurance in travel without insurance in the near future.the near future.