Rates and charges do NOT include Cargo Insurance.
Tropical Shipping shall apply marine cargo insurance coverage to all of its customers’ shipments in accordance with the terms and conditions of this Tariff and Tropical Shipping’s Bill of Lading, unless such coverage is declined prior to shipment via written shipping instructions (i.e. Shipper’s Letter of Instruction) or via a signed waiver form that may be provided by customer at any time prior to a customer taking possession of its shipment at final destination. The premium cost for marine cargo insurance coverage shall be clearly itemized on the face of all Bills of Lading.
Insurance premiums are calculated, in part, on invoice value of cargo. Should shipper not provide the invoice value of the cargo at the time of shipment, then the Carrier shall base the invoice value on an established calculation formula as determined by the commodity. Certain commodities are excluded from coverage. A copy of insurance rates, valuation formula and exceptions can be obtained from the Carrier.
Note: Household goods and personal effects are covered Free of Particular Average, only upon Customer signing letter of acceptance.
Carrier’s open policy through Seven Seas Insurance Co., Inc. is available to interested parties for inspection of terms and conditions of coverage at Carrier’s facility at 501 Avenue P, Riviera Beach, Florida 33404-6902.