ANZDL OFFERS ?ALL-RISK? CARGO INSURANCE

ANZDL OFFERS æALL-RISKÆ CARGO INSURANCE    Australia-New Zealand Direct Line has launched an “all-risk” cargo insurance coverage program for shippers.
   The program, called ANZCover, is offered through Seven Seas Insurance Co. Inc., a marine-only insurance underwriter, and a subsidiary of North Illinois Gas Corp.
   The program is completely integrated with ANZDL's booking system, so details can be added to the bill of lading and no additional documentation is required.
   The coverage has no deductible and ANZDL guarantees that any claim, supported by proper documentation, will be settled in 30 days or less. Coverage starts from the time the container leaves the shipper or supplier's place of business, through transit and to the final destination, including intermodal sections of the route. The insurance remains in force for 30 days (for dry cargo) and 15 days (for refrigerated cargo) after vessel discharge or delivery, whichever comes first.
   Shippers can arrange their insurance on a shipment-by-shipment basis, or on a permanent basis so that cargo is automatically insured each time a booking is made, the carrier said.
   “When shippers call ANZDL's customer service department, they can also arrange their cargo insurance on the spot because the premium can be quoted immediately,”said Andrea Bolch, senior vice president, North America. “We can confirm the insurance coverage through the normal shipping documents or issue a separate certificate.”
   “Because of the complexity of some policies, many shippers don't know what is covered until they have a loss,” said Mike Culpepper, from Seven Seas. “ANZCover is 'all-risk' so no matter what happens to your cargo, it's going to be covered.”
   ANZDL is part of CP Ships, which includes Canada Maritime, Cast, Contship Containerlines, Americana Ships and Montreal Gateway Terminals. Americana Ships includes Likes Lines and TAM Lines.