Marine Rating Committee

BANGLADESH MARINE TARIFFS

Effective from 01-01-2000
The Central Rating Committee have approved the Rules, Regulations, Rates, Advantages, Terms, Conditions, Laid down
by the Marine Rating Committee, as contained herein, for Transaction OF Marine Insurance Business in Bangladesh in
accordance with the provisions of part II 3BBB of the Insurance Amendment Act 1990 (1938)
This Tariff supersedes the previous Marine Tariff and is effective from 01-01-2000 in respect of new business/renewals
falling due on or after that date.
This Tariff is binding on all insurers.

Marine Rating Committee

INDEX

Section No.

Name

Sheet no

1.

General Rules & Regulations

03-07

2.

War, Strikes, Riot & Civil Commotion Tariff

08-12

3.

Bangladesh Import Tariff

13-32

4.

Inland Tariff

33-40

5.

Inland Cargoes (Waterborne) Tariff

41-46

6.

Air Cargo Tariff

47-53

7.

Bangladesh Specie Tariff

54-55

8.

Tea Tariff

56-58

9.

Jute & Jute goods Export Tariff

59-60

10.

Country Boat Tariff

61-71

11.

Export Tariff

72-78

12.

Shut-Out Cargo Tariff

79-80

13.

Inland Marine Hull Tariff

81-84

Marine Rating Committee

3
Section 1
General Rules and Regulations

1.

Scope :
The Tariff applies THROUGHOUT BANGLADESH.

2.

Policy Wordings and Clauses :

i)

All Marine policies shall be issued on the Standard Policy forms.

ii)

Policies shall be subject to relevant Standard Clauses, issued by the institute of London underwriters or
standard Clauses provided and/or specified in the Tariff.

3.

Minimum Premium :
It is not permissible for any Insurer to issue any specific policy in Marine Department, Charging a premium less than
Tk.100/- and any specific declaration certificate of separate letter of cover in place of certificate under a Marine Open
Policy carrying a Premium less than Tk.30/-.
However, this provision regarding Minimum Premium of Tk.30/- shall not apply where the full premium under the open
policy has been paid in advance.
Where Cargo is carried in a Vessel not complying with the Institute Classification Clause. The additional premium
applicable for overage, under tonnage and non classification as per Schedule under this section of the Tariff shall be
charged, subject to changes in the schedule from time to time.
If the cover under the policy is extended by covering additional perils during the period of the policy necessitating issue
of another document, a minimum premium of Tk.30/- per document shall apply to each subsequent document issued to
provide wider coverage.

4.

Wider Cover :
No risk, in addition to those provided for in the Tariff, may be included without appropriate additional premium.

5.

All Rates provided in the Tariff are Net, unless expressly provided otherwise in this Tariff and no discount whatsoever
is permissible except in lieu of agency commission, where applicable.

6.

Stamp Duty/ Vat and other taxes:

a)

Marine policy shall carry stamp duty as per the stamp Act 1889 (and subsequent amendments thereto).
The stamp duty shall be recoverable from the Assured.

b)

VAT and other taxes shall be charged to the insured as per law.

7.

War and/or Strikes Riots & Civil Commotions Risks :

(a)

War and/or S.R. & C.C. Risks shall be covered in conjunction with Marine/Transit Risks only.

(b)

The Rate of premium for covering War and/or S.R.C.C. Risks shall be as per scale.

(c)

Where the risks of War/SRCC are not included, cover shall be subject to the institute War Exclusion Clause & Strike
Exclusion Clause for the time being in force.

Marine Rating Committee

(d)

Notice of War Risk Cancellation Clause

All Open Policies and Open Covers must contain the Institute War Cancellation Clause for the time being in force.

(e)

Notice of Strikes etc. Risk Cancellation Clause

Open policies or Open Covernote shall not be written without a 30 days (or less) Cancellation Clause as for Marine
Risks except for shipments to or from the USA to which 48 hours Cancellation Clause shall be applied.

(f)

Sailing Warranty
The appropriate one of the following Sailing Warranties shall be inserted in any specific policy or certificate covering or
including war :

i)

Declaration against an Open Cover Or Open Policy :

Warranted to sail within 7 days from the date of the acceptance of the risk or held covered at the Rate current on the
date of sailing subject to 15 days notice of cancellation for risks that have not attached under the Institute War
Clauses.

ii)

Otherwise
(a)

Cargo under Bill of Lading :

Warranted to sail within 7 days from the date of the acceptance of the risk or held covered at the Rate current
on the date of sailing subject to 7 days notice of cancellation for risks that have not attached under the Institute
War Clauses.

(b)

Postal Sending (by Sea or Air)

Warranted the Interest covered by this policy will be posted within 7 days of the original acceptance or held
covered at the Rate current on the day of posting subject to 7 days notice of cance4llation in respect of risks
which have not attached in respect of the foregoing.

8.

General

The Word Policy/ies wherever used, either in the General Rules and Regulations or in the various Tariffs, shall mean Specific
Policy, Open policies, Open Cover, Certificate of Insurance.

9.

Open Policies and Open Covers :

i)

Cancellation Clause
All Open Policies and Open Covers shall contain a cancellation Clause requiring written notice from either side
of a period not exceeding 30 days. War and/or S.R. & C.C. shall be subject to Cancellation Clause as provided in
the relevant Tariff.

ii)

The Following Warranty must be inserted in all Open Policies & Open covers :This contract is subject to such Tariff Rates and regulations in force at the time the risk on each dispatch
attaches hereunder.

10.

Existing Rates, terms and conditions etc. under Open Policies/Open covers which are not in conformity with the revised
Rates, terms and conditions under the applicable section of Tariff shall be withdrawn from the next renewal date of such

Marine Rating Committee

open Policies/Open covers. In all other cases if cover issued for a period of more than 12 months, the existing Rates
Shall be withdrawn and Rates applicable as per this tariff shall be applied effective midnight from..
11.

Tariff Rates and Premium etc., Calculation

(a) Where any risk falls in whole or in part within the scope of any tariff, then the appropriate tariff Rate applicable
to the part of the risk coming within a tariff, shall be shown on the policy, subject always to Regulation 3
Minimum Premium.
(b) Where a Rate for All Risks as per ICC A in respect of any commodity is provided in the same of any other
section of this Tariff, any variations in the covers provided in the Tariff shall be referred to the Marine Rating
Committee and pending decision of the Marine Rating Committee, a Rate not less than the Tariff Rate
applicable for All Risks Cover shall be provisionally charged.
(c) No risk additional to those provided for and Rated in a Tariff may be included without additional premium.

12.

Refund of General Average Deposits

Deleted

13.

Rating of Vessels other than Liners

Vessels which are over 15 years of age but not over 25 years of age and have established and maintained a regular
pattern of trading on an advertised schedule to load and unload at specified ports will be declared as Liners by the
Marine Rating Committee.
Other Vessels over the age of 15 years shall be charged overage extra as per the Scale of Additional Premium
provided in the Tariff.
Additional premium for non-classification and under-tonnage shall also be charged as indicated in the Scale of
Additional Premium.

INSTIUTE CLASSIFICATION CLAUSE (1-8-97)

THE MARINE TRANSIT RATES AGREED FOR THIS INSURANCE APPLY ONLYTO CARGOES AND/OR INTERESTS
CARRIED BY MECHANICALLY SELF-PROPELLED VESSELS OF STEEL CONSTRUCTION CLAUSED AS BELOW BY ONE
OF THE FOLLOWING CLASSIFICATION SOCIETIES.
Lloyds Register of shipping

100A1 or B.S.

American Bureau of Shipping

+ A1

Bureau Veritas

1 3/3 E +

China Classification Society

* CSA

Germanischer Lloyd

+ 100 A5

Korean Register of Shipping

+ KRS 1

Russian Maritime Register of Shipping

KM*

Nippon Kaiji Kyokai

NS*

Det Norske Veritas

+ 1 A1

Registro Italiano Navale

Provided such Vessels are

* 100 A 1.1.

Marine Rating Committee

(a)
b)

i)

not bulk and/or combination carriers over 10 years of age.

ii)

not mineral oil tankers exceeding 50,0( ) GRT which are over 1 years of age.

i)

not over 15 years of age, OR

ii)

over 15 years of age but not over 25 years of age and have established and maintained a regular pattern of trading on
an advertised schedule to load and unload at specified ports.

CHARTERED VESSELS AND ALSO VESSELS UNDER 1000 G.R.T. WHICH ARE MECHANICALLY SELF-PRO-PELLED AND
OF STEEL CONSTRUCTION MUST BE CLASSED AS ABOVE AND NOT OVER THE AGE LIMITATIONS SPECIFIED
ABOVE.
THE REQUIREMENTS OF THE INSTITUTE CLASSIFICATION CLAUSE DO NOT APPLY TO ANY CRAFT RAFT OF
LIGHTER, USED TO LOAD OF UNLOAD THE VESSEL, WHILST THEY ARE WITHIN THE PORT AREA.
CARGOES AND/OR INTERESTS CARRIED BY MECHANICALLY SELF-PROPELLED VESSELS NOT FALLING WITHIN
THE SCOPE OF THE ABOVE ARE HELD COVERED SUBJECT TO A PREMIUM AND ON CONDITIONS TO BE AGREED.

INSTITUTE CLASSIFICATION CLAUSE 01/01/2001

Attaching to and forming part of policy No. .
Qualifying Vessels
1.

This insurance and the marine transit rates as agreed in the policy or open cover apply only to cargoes
and/or interests carried by mechanically self-propelled vessels of steel construction classed with a
Classification Society which is :
1.1

a Member or Associate member of the International Association of Classification Societies (IACS) or

1.2

a national flag Society as defined in clause 4 below, but only where the vessel is engaged exclusively in the coastal
trading of that nation (Including trading on an inter island route within an archipelago of which that nation forms
part).

Cargose and/or interests carried by vessels not classed as above must be notified promptly to underwriters for rates and
conditions to be agreed. Should a loss occur prior to such agreement being obtained cover may be provided but only if cover
would have been available at a reasonable commercial market rate on reasonable commercial market terms.
AGE LIMITATION
2.

Cargoes and/or interests carried by Qualifying Vessels (as defined above) which exceed the following
age limits will be insured on the policy or open cover conditions subject to an additional premium to be agreed. Bulk or
combination carriers over 10 years of age of other vessels over 15 years of age unless they :
2.1

have been used for the carriage of general cargo on an established and regular pattern of trading between a range of
specified ports, and do not exceed 25 years of age, or

2.2

were constructed as containerships, vehicle carriers or double skin open-hatch gantry crane vessels (OHGCS) and
have been continuously used as such on an established and regular pattern of trading between a range of specified
ports and do not exceed 30 years of age.

Marine Rating Committee

CRAFT CLAUSE
3.

The requirements of this Clause do not apply to any craft used to load or unload the vessel within the
port area.

NATIONAL FLAG SOCIETY

4.

A National Glag Society is a Classification Society, Which is domiciled in the same country as the owner
of the vessel in question which must also operate under the flag of that country.

PROMPT NOTICE
5.

Where this insurance requires the assured to give prompt notice to the Underwriters, the right to cover is
dependent upon compliance with that obligation

LAW AND PRACTICE

6.

This Insurance is subject to English law and practice.

Marine Rating Committee

War, Strikes Riot

And
Civil Commotion Tariff
SECTION 2
WAR STRIKES RIOT & CIVIL COMMOTION TARIFF
Rules, Regulations and Schedule of minimum War and S.R. & C.C. Rates for Cargo and/or Specie and/or all interest other than Hull, Ship-owners
interest and accompanied personal effects.
Applicable to all business whether accepted facultative or otherwise.
All War, S.R. & C.C. Rates must be shown separately in Policies and Bills for Premium.
For Vessels sailing on and after 9th October, 2001 Only to apply to risks underwritten or declarations accepted by underwriters on and after 9 th October,
2001.
FOR DIRECT SHIPMENTS
No reduction to be granted for Mine Risks only.
Rates applicable to sailings within 7 days or held covered but open slips and/or open contracts may not be written without a Cancellation Clause for
War Risks not exceeding 7 days, S.R. & C.C. Risks subject to 7 days Cancellation Clause except for shipment to and from USA to which a 48 hours
Clause must be applied.
For interior transits in Bangladesh (not in conjunction with an Overseas voyages) the 48 hours Clause must be applied for S.R. & C.C. Risks.
All Dates are inclusive of dat6e of acceptance of original declaration.
TRANSHIPMENT (defined as transhipment between Vessels or between Vessel and aircraft).
Where transhipment or transhipments take place the minimum Rate to be charged for the whole transit to the final destination shall be the highest Rate
applicable on any stage of the whole transit plus any surcharge required under section 4 below:
ON-CARRIAGE etc. : When Cargo is not discharged at the originally in tended destination but remains on board for one or more subsequent voyages,
or is over carried and subsequently re-shipped to original or substituted port of discharge, the additional war Rate payable shall be 50 per cent, of the
scale Rate for the return voyage only shall be paid, unless the contract of afreighment has been terminated when the full scale Rate will become
payable on re-shipment.
The schedule Rate for any voyage may not be reduced even should part of the voyage have elapsed at the time the risk is accepted by Underwriters.
Subject to Institute war Clause (Cargo) and Institute Strikes Clauses (Cargo) current at the time of commencement of Risk.
(a)

Specie, Bank Notes and/or Diamonds

---

Except

100 percent of the Cargo schedule Rates.

---

50 percent of the Cargo schedule Rates.

Liners only.

---

50 percent of the Cargo schedule Rates.

Bonds and/or Securities by Registered post

0.025%

Gold, Silver and Coins shipped in Bullion Room by

But subject to a minimum Rate of
(b)
Minimum Rates
As per Schedule No. 83 of WAR & SRCC.

Marine Rating Committee

4.

S.R. & C.C. Risks.

Cover for S.R. & C.C. only may be granted to cover transit risks (including Stationery risks in the normal course of transit, e.g. stay in
Customs or port Warehouse), in respect of ocean voyages, or for canal or river voyages or for land transits only, at a minimum, Rate
shown in the schedule No.83.

Wherever appearing the term H/C indicated that the voyage in question may be Rated at underwriters discretion.
Voyages Which Include a Delay to Cargo :
Cargo may be insured against War and S.R. & C.C Risks during delays on a voyage, through the overseas Vessel either drifting, anchoring or slow
steering within an area designated by the Assured and agreed by Underwriters, provided the following conditions are complied with and the following
additional premium is paid :
1.

The contract of carriage is not terminated.

2.

The following notice of Cancellation and Automatic Cancellation Clause is inserted for the whole
voyage :
This insurance may be cancelled by either the Underwriters or the Assured giving 48 hours notice (such cancellation becoming
effective on the expire of 48 hours from midnight of the day on which notice of cancellation is issued by or to the Underwriters). The
Underwriters agree however to reinstate this insurance subject to agreement between the Underwriters and the Assured prior to the
expiry of such notice of cancellation as to new Rate of premium and/or conditions and/or warranties.
Whether or not such notice of cancellation has been given, this insurance shall TERMINATE AUTOMATICALLY :
Upon the occurrence of any hostile detonation of any weapon of war employing atomic or nuclear fission and/or fusion or other like
reaction or radioactive force or matter, wheresoever or whensoever such detonation may occur and whether or not the subject matter
insured may be involved upon the outbreak of war (whether there be a declaration of war or not) between any of the following
countries :
United Kingdom, United States of America, France, the Peoples Republic of China;
In the event of the subject-matter insured or the named storage Vessel being requisitioned either for title or use.

In the event either of cancellation by notice or of automatic termination of this insurance by reason of the operation of the above provisions a net return
of premium shall be payable to the Assured, pro rata or as may be agreed.
3.

The Vessel slow steams, drifts or anchors in a position which is :(a)

not at the final destination

(b)

not within a port area

Subject to all the above conditions it is accepted that the current Institute war Clause (Cargo) with such amendments arte deemed to be Institute Clause.
The reasonable Dispatch Clause will still be applicable.

ADDITIONAL PREMIUMS applicable to voyages which include a delay to Cargo subject to the above ruling :
Delay upto 7 days

0.005%
Above appropriate Scale Rate

Subsequent periods of 7 days or part

0.005%
Each additional 7 days or part.

Crude Oil Stored Afloat For Government Account:

Marine Rating Committee

10

For crude oil stored on board a Vessel which is insured under the Institute War and Strike Clause Crude Oil Stored Afloat (1.2.83) is to be insured
under the current Institute War Clause (Cargo).
The following minimum Rate will apply :
0.12% per annum or pro rata subject to a minimum Rate of 0.05%
Cargo other than crude oil stored afloat in mechanically self-propelled vessels :
For Cargo stored afloat and which is insured under the Institute War and Strike Clauses Cargo Stored Afloat in Mechanically self-propelled Vessel
(1..6.82).
The following minimum Rate will apply in respect of those areas not Rated higher than the basic voyage war Rate :
0.15% per annum or pro rata subject to a minimum Rate of 0.05%
Any other area to be H/C.

AIR WAR AND S.R. & C.C. RISKS

Compulsory schedule of Minimum War and S.R. & C.C. Rated for Cargo and/or Specie and/or all interests other than Hull, Aircraft Owners Interest
and accompanied Personal Effects.
Applicable to all business whether accepted facultative or otherwise.
For Sending on and after 9th October, 2001.
Only to apply to risks underwritten or declarations accepted by Underwriters on and after 9 th October, 2001.
For Direct Sending
Rates applicable to departures within 7 days or held covered but open slips and/or open contracts may not be written without a cancellation clause for
War Risks not exceeding 7 days, S.R. & C.C. risks subject to 7 days Cancellation Clause except for sending to and from USA to which a 48 hours
Clause must be applied.
All dates are inclusive of date of acceptance or original declaration.
Transhipment: (defined as transhipment between aircraft and Vessel).
Where transhipment or transhipments take place the minimum Rate to be charged for the whole transit to the final destination shall be
the highest Rate applicable on any stage of the whole transit.
On Carriage Etc.
When cargo is not discharged at the originally intended destination but remains on board for one or more subsequent transits, or is
over-carried and subsequently re-shipped to original or substituted airport single transit beyond the originally intended airport of discharge, but where
the over-carriage is to an air contract of carriage has been terminated when the full scale Rate will become payable on re-shipment.

Marine Rating Committee

11

The schedule Rate for any transit may not be reduced even should part of the transit have elapsed at the time the risk is accepted by
Underwriters.
For sending by Air insured subject to the appropriate Institute War Clause (Air Cargo) and Institute strikes Clause (Air Cargo) current
at the time of commencement of risk.
Bank Notes and/or Diamonds and/or all other

100% of the Cargo Schedule Rates.

Valuables
Specie and/or Bullion

75% of the Cargo Schedule Rates subject to a

minimum Rate of 0.0125%

Bonds and/or Securities by Registered Post

25% of the Cargo Schedule Rates

SCHEDULE OF RATES

The Rate applicable to the highest Rated airport of call is the Rate to be applied. As per schedule No.59.
N.B. : -

The war Rate is to be showed separately from the basic transit Rate.
Wherever appearing, the term H/C indicated that the voyage in question may be Rated at Underwriters discretion.

Bangladesh Import Tariff

Section 3

Marine Rating Committee

12
IMPORTS TARIFF
Rates are strictly net : All Rates must be shown on the policy

General Condition
1.

Scope of The Tariff

i)

This Tariff applies to all imports into Bangladesh.

ii)

(a)

By Steamer or Powered Vessels.

(b)

By mechanized goods carrying vehicles via land routes including Rail. Rates as per this tariff.

(c)

By Air: The Rates to be charged for Imports by Air will be as per Air tariff.

Exclusions: Specie, Bullion, Currency Notes, Securities, Paper of Values, Precious Stones and Jewellery, Precious Metals,
Personal Effects, Postal Despatches and Bulk Petroleum Oil are Excluded from the scope of this Tariff. All non-petroleum
oil (e.g. edible oils) in bulk comes within the scope of the Tariff.

2.

Regulations and Agreement

The Regulations and Agreements section is applicable to this tariff except where otherwise varied by the provisions hereinafter
included.

3.

Scope of Cover :
(i)

Wider Cover in terms of the Institute Cargo Clauses A may be given by charging B rate plus all the five rates as per
Rate schedule No.1.

(ii)

There is no provision in the Tariff for reduction in Rates in respect of so much of the sum insured as is represented by
cover against Customs Duty and Tax.

(iii)

Any variation of any tariff terms and/or conditions whereby the risk of insurers is made less is permissible, but such
variation shall not entitle the assured to any reduction in tariff Rates unless such variation of the terms and/or
conditions of the tariff has been submitted to the Committee and a special Rate has been fixed.

Rulings : 1.

Wider Cover like Theft, Pilferage and Non-Delivery can be granted with Clause C charging schedule

additional premium but Theft and Pilferage alone cannot be granted.

4.

Basic Rates
The Following minimum basic Rates should be charged in respect of all Cargo under deck by Vessels falling within the
Classification Clause (Ware house to Ware house) :CC ( A )

i. Via Chittagong
ii. Via Chalna/Khulna

5.

Inland Transit
Deleted.

6.

Post Limits
Deleted.

ICC ( B )

ICC ( C )

0.70% plus all five rates as per Rate schedule No.1

0.70%

0.50%

0.70% plus all five rates as per Rate schedule No.1

0.80%

0.60%

Marine Rating Committee

7.

13

On Deck Cargoes :
On Deck Cargoes : (Excluding containerized) must be covered at double the tariff Rates of this tariff and Cargoes in containers
shipped on deck be Rated at normal tariff Rates.

8.

Compulsory Excess :
(a)

Vegetable oil in drums : A compulsory excess of 0.5% must be applied on the whole shipment without giving any
reduction in the tariff Rates.

(b)

Motor Vehicles unboxed: A compulsory excess of Tk. 5000/- must be applied on each unboxed motor vehicle
without giving any reduction in the tariff Rates.

(c)

Tea howsoever packed: A compulsory excess of 1% must be applied on the whole shipment without giving any
reduction in the tariff Rates.

(d)

Yarn, Artificial Fiber and/or Silk: A compulsory excess of 1% must be applied on the whole shipment without
giving any reduction in the tariff Rates.

9.

Deleted.

10. Transhipment :
Allowed as per ICC Clauses.

11..

Special Rates :
Where the rating under this tariff conflicts with the established experience of a particular clients business, the Committee may
consider applications for special Rating subject to fulfillment of certain conditions prescribed by the Committee.
Note : The Committee will not entertain application for special rating in respect of customs duty and tax.

12.

Special Rate for Bulk Shipments of all Vegetable Oils and/or Meals (Granules) and/or Tallow &/or Fats:
As per Institute Cargo Clause A

In Bulk excluding contamination

1 .00%

Including contamination

1 . 50%

With excess of 0.50% on the whole shipment.

1.

Warranted shipped on fully classed tankers as per Institute Classification Clause and not over 10 years of age.
But held covered subject to payment of appropriate Overage premium as per scale and notwithstanding the
foregoing warranted not shipped on tankers which are War Built or trade under the Greek Flag which must be
submitted to the Marine Rating Committee for special rating prior to the inception of risk.

2.
13.

Warranted supervised loading and discharge by recognized surveyors.

(Nil/Wrong/Obliterated Marks Clause : )

It is obligatory to place the following Clause on all Marine Policies covering risk of non-delivery :

Marine Rating Committee

14
Policy No.

The risk on Non-delivery covered by this policy is subject to under noted.

Warranted that :
(1)

Notwithstanding anything contained in the Short-Landing Report/Certificate issued by

Chittagong/Chalna Port Trust the assured and their Agents shall not refuse to accept the offer, if
any, made by the carriers of goods contained in packge(s) landed from the ship under
NIL/WRONG/OBLITERATED marks, unless such goods are proved to be of a nature and
specification materially different from what is mentioned in the relevant invoice.

(2)

By reference to para (1) above, the assured and their agents shall, for the purpose of proving that
the goods offered by the carriers are materially different from the specification mentioned in the
relevant invoice, apply forthwith to the carriers, under advice to the insurer, for joint survey
relating to connection or otherwise of the goods with the relevant invoice.
Provided that in the event of carriers refusal to arrange joint survey for the purpose of aforesaid,
the assured and their Agents shall notify in writing to the carriers the date, time and place fixed
for survey by the surveyors nominated by the insurer and request the carriers at the same time to
depute their representative to be in attendance at the time of survey.
Provided further that the aforesaid, formality shall be completed by the assured or their agents
within 30days of the date of Carriers letter offering the package(s) under Nil marks.

(3)

The assured and their Agents shall furnish to the insurer survey report referred to in paragraph (2)
Above and other related documents as may be required by the insurer at least 60 days in advance
of the time when the right of action against the carriers would become barred by statute.

(4)

The assured and their Agents shall send to the insurer copies of all letters relating to the claim
written to and received from the carriers, Bailees and other third parties, immediately after such
letters are sent or received by the assured and their Agents.

Rate Schedule No.1

For Transit by Steamer or Powered Vessels.
Sl.

ITEMS

ND

TP

No.

Hooks, holing, bursting,

RFWD,

Breakage &

tearing leakage loss of

Extraneous,

Scratching

contents

Substance,

Splitting

caused

damaged to containers.
5

by

Heating
6

Machinery, Spare parts and accessories for

0.25

0.15

0.15

0.10

0.50

2.

machinery excluding Tractors.

Office Machinery viz Computers, calculators,

0.25

0.70

0.15

0.15

1.00

3.
4.

Typewriters, Photo Copiers etc.

Cast Iron Pipes & Other Casting.
Sanitary ware, earthenware, Porcelain-ware,

0.25
0.25

0.15
0.15

0.10
0.10

0.15

1.75
4.00

1.

Industrial,

Agricultural

and

earthmoving

Glassware, Tiles & Bricks, Asbestos Sheets &

5.

Ridges, Graphite Sheets/Rods/Tubes.

Carbon Electrodes/Rods used for manufacture of

0.25

0.15

0.10

0.18

0.20

6.
7.

Dry Cell Batteries.

Fire Bricks & Refractors
Electrical Goods except those provided in Item 8

0.20
0.25

0.15
0.20

0.15
0.10

0.20
0.25

4.00
0.80

8.

& 9 below.
Electrical Tubes,

0.25

0.25

0.10

0.25

3.00

Bulbs,

Valves,

Switch

Fuses/Gears, Distribution Boards, Fuse Units,

Insulators, x-ray Tubes/plates & Photographic

Marine Rating Committee

9.

plates.
Refrigerators,

Air-conditioners,

15

Radios,

0.25

0.15

0.15

0.25

2.75

radiograms, Tape Recorders, Record Players,

Washing Machines, Electric & Gas Cookers &
Cooking Ranges Television Sets, VCR/VTR
10.

Sets, Juicers, Mixers.

Sheet/Plate Glass, Special &/or Molded Glass

0.25

0.15

0.15

0.20

5.00

11.

Item e.g. Wind Screens, Wired Glass etc.

Survey, Photographic, Scientific Laboratory,

0.25

0.35

0.15

0.25

1.60

12.
13.

Optical Equipment & X-Ray Machines.

Video/Audio Cassettes Tapes
Empty Bottles & Vials.

0.25
0.25

0.35
0.20

0.15
0.10

0.25
0.25

0.20
3.00

14.
15.
16.

Empty LPG Containers.

Batteries for Motor Vehicles.
All other Batteries & Battery Container including

0.25
0.25
0.35

0.20
0.15
0.20

0.10
0.10
0.10

0.10
0.25
0.25

0.50
2.00
2.00

0.25
0.35

0.20
0.35

0.10
0.15

0.25
0.25

1.50
0.50

Components thereof whether for motor Vehicle

17.
18.

Batteries or otherwise
Dry or Inert Cells
Parts & Accessories of Cycles, Motor Cycles,
Motor Cars, Motor Rickshaws, Tractors and all

19.

other Vehicles.
Galvanized Iron & Steel Sheets/Pipes, Mild Steel

0.25

0.20

0.10

0.25

20.

Sheets, Black Plain Iron Sheets & Tin Plates.

Liquids in Drums, Casks, Barrels, Glass Carboys

0.25

0.20

0.80

0.20

21..
22.

& Tins.
Liquids in Plastic Carboys.
Tallows, Greases & Jellified Substances in

0.25
0.25

0.20
0.35

0.80
0.70

0.20
0.20

23.

Drums, Casks, Barrels & Tins

Powders, Gums & Resins in Drums, Cask,

0.25

0.35

0.25

0.25

24.
25.
26.
27.
28.
29.

Barrels & Cartons.

Bottled Goods in cases & Cartons
Tinned Goods in Cases & Cartons.
Plastic Bottled goods in cases & cartons
Powders, Gums, Resins & other in bags.
Cement in Bags
Yarn, Art fibre &/or Silk in fully pressed iron

0.35
0.35
0.35
0.25
0.25
0.25

0.35
0.35
0.35
0.35
1.00
0.40

1.00
0.25
0.35
0.15
0.50
0.15

0.25
0.25
0.25
0.25
0.25
0.25

30.
31.
32.
33.

bound bales &/or in wooden cases.

Yarn, Art Fibre &/or in other packing.
Fents & Second-hand Clothing.
Paper in Bales
News Print/Paper in Reels subject to cutting

0.35
0.60
0.25
0.25

0.80
0.65
0.80
0.35

0.20
0.25
0.20
0.15

0.25
0.25
0.25
0.25

34.
35.

warranty.
News Print/Paper in Reels without warranty.
Stainless strip 1 width in spools, Reels packed

0.25
0.25

0.35
0.35

0.15
0.15

0.25
0.25

in airtight cases (for manufacture of Razor

36.

Blades)
Hides & Skins with particular reference to Raw

0.25

0.35

0.15

0.25

0.05

37.

pickled Lamp and Sheep (Skins)

Photographic Papers in small Card-Boards Boxes

0.25

0.50

0.25

0.25

0.05

38.
39.
40.
41..

repacked in wooden Cases.

Aluminium Foil Strips in Cases.
Potato Seeds in Bags/Cases.
Iron or Steel Wire packed in Metallic Drums.
Iron or Steel Wire packed in Non Metallic

0.25
0.25
0.25
0.25

0.45
0.85
0.35
0.35

0.15
0.20
0.15
0.15

0.25
0.30
0.20
0.25

0.10
-

42.

Drums.
All Other goods not otherwise provided for

0.35

1.00

0.20

0.25

1.30

0.05

0.15

0.15

0.15

herein
43.
44.

All grains and pulses including seeds in bags

Bulk

Marine Rating Committee

16

For bulk shipment the Rating Committee is to

45.

approached for rate.

Sugar/Salt in bags.

0.05

For machinery and spare parts under AID/GRANT/LOAN

0.15

0.60

For other cargoes

Fertilizer

0.15

AS PER
1.125

in bulk

In bag

Petroleum (Under Bulk Oil Clause)

0.60

0.75

1.75

0.50

0.60

1.10

0.80

0.12

0.25

0.20

ICC A

(with 0.50% excess)

0.50% excess

0.30% excess

Premium Rates on Motor Vehicle

(a)

(b)

(c)

ICC C Anywhere in Bangladesh

ICC B Anywhere in Bangladesh

ICC A Anywhere in Bangladesh

i)

On Deck

0.60%

ii)

Under Deck

0.50%

i)

On Deck

0.75%

ii)

Under Deck

0.60%

i)

On Deck

1.50%

ii)

Under Deck

1.00%

SL.

ITEM NAME

NO.
1.

Perils

Premium Rate

Cement in Bulk

ICC A
ICC B
ICC C

0.60% (Pct)
0.375% (Pct)
0.25% (Pct)

2.

Cement Clinker/gypsum in Bulk

ICC A
ICC B
ICC C

0.60% (Pct)
0.375% (Pct)
0.25% (Pct)

ICC A
ICC B
ICC C

0.25% (Pct)
0.15% (Pct)
0.10% (Pct)
With a deductible of 0.50% per consignment

The loading unloading is to be supervised by the surveyors of international

repute & in case of any shortage insured be advised to lodge claims with
the suppliers direct under ICC-A clause

Edible Oil in crude form in Bulk

3.
4.

Furnace Oil
Imports of Lub. Oil/and Finished products
i) Finished all sorts of oil in drums & tins packed in
carton

0.0705% (Pct)
CARGO
ICC C

0.10%

Marine Rating Committee

17

ii) Additives & Chemicals oil in drums & or Tins Packed

5.

in Carton
iii) Base Oil in ISO Tank & Flexi Tanks
iv) Base Oil in Bulk
Import of Crude salt in bulk

- DO - DO - DO ICC A
ICC B
ICC C

0.10%
0.0705%
0.0705%
1.50% (Pct)

With 2% Excess on the whole

Shipment

0.70% (Pct) With 2% Excess on the whole

Shipment

0.50% (Pct)

With 2% Excess on the whole

Shipment

Condition :
Subject to classification clause
6.

Import of Various Telecommunication Equipment

including Mobile Phone Sets.

ICC A
ICC B
ICC B+ND
ICC B+TPND
ICC C
ICC C+ND
ICC C+TPND

0.15% (Pct)
0.10% (Pct)
0.12% (Pct)
0.14% (Pct)
0.075% (Pct)
0.095% (Pct)
0.105% (Pct)

With 1% Excess on EEL

With 1% Excess on EEL
With 1% Excess on EEL
With 1% Excess on EEL
With 1% Excess on EEL
With 1% Excess on EEL
With 1% Excess on EEL

Condition :
The

above

rates

are

applicable

only

to

Telecommunication Company and not

applicable to General Traders/Importers of Mobile
Phone Sets.
(Circular No. M-52/2005
Dated 04.04.2005
7.

Import of Machinery and Equipment for T.V.

- DO -

Channels.

& M-57/2005 dated 18.09.2005

Rates as above
Circular No. M-60/2005 Dt. 22.12.2005

Import of Rice/Wheat (in Bulk)

Marine (import)
ICC A
ICC A
ICC A
ICC A
ICC B
ICC B + TPND
ICC C
ICC C + TPND

Import of Rice/Wheat (in Bulk)

Marine (import)
ICC A
ICC A
ICC A
ICC A
ICC B
ICC B + TPND
ICC C
ICC C + TPND

Premium Rate
1.20% up to Ctg. Without excess
1.00% With 1% excess
0.80% With 2% excess
on the whole shipment
0.60% With 3% excess
0.70%
0.90%
0.50%
0.70%

(Circular No. M-69/2007)

Premium Rate
0.90% warehouse to warehouse without excess
0.75% With 1% excess
0.60% With 2% excess
on the whole shipment
0.45% With 3% excess
0.525%
0.675%
0.3750%
0.525%

The above rates are subject to the following conditions: 1.

Warranted shipment per vessel clause as per the Institute Classification Clause (1.8.97)

Marine Rating Committee

2.

18

Warranted Cargo shipped under supervision by Lloyds and/or by internationally recognized cargo surveyors and their
certificate about shipment on board the vessel obtained.

3.

Warranted discharging of cargo at the port of destination be supervised by Lloyds and/or

internationally recognized cargo surveyors.

4.

Cargo ISM Endorsement.

Import of power plant machinery and equipment

ICC A

0.175% (War/SRCC)

Deductible

1% of the value of each and every consignment but minimum Tk.-5,00,000/=

Condition

The age of the caring vessel must not be more than

18 years.

Import of LP Gas in Bulk

1.

ICC-A

0.25%

2.

ICC-B

0.12%

3.

ICC-C

0.08%

4.

Excess

0.30% (Pct) on Consignment value.

Import of Pharmaceuticals Chemicals in Bulk

1.

ICC-A

1.50%

2.

ICC-B

0.75%

3.

ICC-C

0.60%

Revised Marine Tariff Rates for Both EPZ and outside EPZ of
100% Export Oriented Garments Industries. (BGMEA)
ICC A
ICC B
ICC B + ND
ICC B + TPND
ICC C
ICC C + ND
ICC C + TPND

0.70%
0.26%
0.45%
0.50%
0.19%
0.36%
0.43%

By Lorry/Truck/Rail From India

Rail/Lorry/ Truck risk only
Rail/Lorry/ Truck all risk

Premium Rate
0.28%

a) Commodities as per Schedule A

0.80%

b) Commodities as per Schedule B

0.65%

c)

0.50%

All other items

Marine Rating Committee

19
By Air
Premium Rate
0.15%
0.30%
0.45%
0.50%

Air Risk only

Air Risk ND
Air Risk TPND
ICC Air (Air All Risk)

Other terms and conditions:

1)

Usual 10% tariff reduction will be applicable on the present rates

2)

The present rates are applicable to 100% Export Oriented Garments Industry irrespective of whether those
are within or outside EPZ

3)

All other general terms & conditions of the respective tariff will apply in so far as they relate thereto.

4)

The rates apply to BGMEA members only.

General Circular No.Gen-06/2005 dated 09.11.2004

Revised Marine Tariff Rates for Both EPZ and outside EPZ of
100% Export Oriented Knitwear Industries. (BKMEA)
ICC A
ICC B
ICC B + ND
ICC B + TPND
ICC C
ICC C + ND
ICC C + TPND

0.70%
0.26%
0.45%
0.50%
0.19%
0.36%
0.43%

By Lorry/Truck/Rail From India

Rail/Lorry/ Truck risk only
Rail/Lorry/ Truck all risk

Premium Rate
0.28%

d) Commodities as per Schedule A

0.80%

e)

Commodities as per Schedule B

0.65%

f)

All other items

0.50%

Marine Rating Committee

20

By Air
Premium Rate
0.15%
0.30%
0.45%
0.50%

Air Risk only

Air Risk ND
Air Risk TPND
ICC Air (Air All Risk)

(Export)
Premium Rate
0.40%
0.20%
0.15%

ICC A
ICC B
ICC C
Other terms and conditions:1)

Usual 10% tariff reduction will be applicable on the present rated.

2)

The present rates are applicable to all 100% Export Oriented Knitwear Industry irrespective of whether those are
within or outside EPZ

3)

All other general terms & conditions of the respective tariff will apply in so far as they relate there to.

4)

The rates apply to BKMEA members only.

General Circular No. Gen-09/2005 Dated 20.11.2005.

Marine Rating Committee

21

Marine Rating Committee

22

Marine Rating Committee

23

Marine Rating Committee

24

Marine Rating Committee

25

Special Premium Rates for export oriented garments industries within/or outside of Export Processing Zone for import of
Raw Materials & Machinery including spare parts as under : ICC A
ICC B
ICC B + ND
ICC B + TPND
ICC C
ICC C + ND
ICC C + TPND

1.12%
0.40%
0.65%
0.75%
0.35%
0.55%
0.65%

The above special rates will equally apply for imports of all other industries within Export Processing Zones given earlier
to export oriented garments industries within EPZ.
N.B.

(1)

Coverage against Fresh and/or Rain and/or River water damage including
condensation in ships hold will be subject to the following general warranty: Excluding Rust and/or Oxidation and/or discoloration unless caused directly by a risk covered by the
policy.

(2)

Items 1,2,7,9,11 and 17 would be subject to the Institute Replacement Clause if covered for Breakage
and under Clause A.

(3)

Item 3 would be subject to Cutting Clause if covered for the risks of Breakage under Clause A.
Rate Schedule No.2
For transit by Rail/Lorry/Truck only other than rice and wheat
100% export
Oriented industries

From any place of India.

1.
Rail/Lorry/Truck risk : @0.60%0.40%
2.
Rail/Lorry/Truck all risks
(a)
Commodities as per Schedule [email protected]%
(b)
Commodities as per Schedule [email protected]%

All other items @ 1.15% Except rice and wheat.

1.30%
1.05%
0.80%

SCHEDULE A
Extra Hazardous/Fragile Cargoes:
Gunpowder
Ammunition
Celluloid
Spirits
Acids of all sorts.
Sanitary ware, Earthenware, Porcelain ware, Glassware, Tiles and Bricks, Asbestos Sheets and Ridges graphite.
Matches
Crackers and fireworks
Electrical tubes, Bulbs, Valves, Switch fuses, Switch gears and distribution boards, Fuse units, Insulators, X-ray
tubes and plates and Photographic plates.
10. Glass sheets and/or plated, Special and/or molded glass items e. g. Wind-Screens, Wired Glass etc.
1.
2.
3.
4.
5.
6.
7.
8.
9.

SCHEDULE B
HAZARDOUS/FRAGILE CARGOES :
Acetylene (Liquid)
Aluminium Carbide Dust
Powder resonate
Aniline
Asphalt
Bamboo mats
Benzene

Metallic Potassium
Mungo
Naphtha
Naphthalene
Nitrates of all kinds
Oils of all Kinds (Other than Vegetable
oils in tins not exceeding 10bbs. In

Stearine
Sulphiles, metallic
of all kinds
Sulfide of potash
Sulfur
Sulfur dyes or colours
(excluding those packed in air light

Marine Rating Committee

Benxeline
Bichromate of Potash
Bi-Sulphide of Carbon
Blacks of all kinds
Calcium Cyanamile except
When packed in Aromatically
Sealed drums & each
Consignment accompanied by the manufactures
certificate that the tennis contain not more than 0.3
percent of
Carbide
Camphene
Candles
Caustic Sode
CHARCOAL CHLORATES OF ALL KINDS
Chlorate of Potash
Cocogem other than in tins and/or
in bottles
D.D.T. (Liquid)
Glycerine
Lime (Unslacked)
Lubricants Containing
Mineral products

N.B.

26
weight and/or in bottles)
Oils seed Cathy (including cotton
Seed cake)
Oil seed meal
Batteries (other than Motor vehicle
batteries)
Paints (Liquid)
Paper, asphalled,
Tarred and oiled per chlorate of Potash
Permanganate of Potash
Peroxide of Potash (Potassium of
peroxide) Petroleum and its Liquid
products
Phosphorus
Pitch
Plastics : nitro Cellulose Rags
Resin of all Kinds
Rubber Solution
Saw dust
Shoddy
Slack Coal

Vessels labeled with a certificate by

manufactures that the dyes (or colour)
contain at least 10 percent of inert
inorganic Salts)
Tallow (manufacture of
unmanufactured)
Tar and/or its liquid products (other
than in bottles)
Turpentine
Vanishes
Waste of all kinds (Excluding silk and
tea waste)
Wax of all kinds
Calcium
Carbide
camphor

The following conditions have to be inserted in all policies in respect of transit by Truck/Lorry
from Indian Suppliers Depot to all the land ports in Bangladesh including Benapole :-

It is a condition precedent to the liability under the policy that after unloading of any consignment at Benapole if any
loss or damage is suspected/apparent the insured/consignee will immediately arrange survey of the consignment there by
a Licensed Insurance Surveyor in order to ascertain the condition of the consignment.
In the event of the insureds failure to comply with the aforesaid requirement the insurer shall have no liability for such
loss.
Premium Rates for import of Rice/Wheat from any place of India by Rail/Truck/Lorry.
1.

Rail/Lorry/Truck Risk 0.35% (In gunny bags/polyester bags in sealed wagon).

2.

Rail/Lorry/Truck All Risk 1.10% (In gunny bags/polyester bags in sealed wagon with 0.05% excess).

3.

Rail/Lorry/Truck All Risk 1.25% (In gunny bags/polyester bags in sealed wagon with 0.05% excess).

Premium Rates for import of Cattle (Cows)/Buffalos from India to Bangladesh by Truck.
1.

Truck Risks only

0.60%

2.

Truck All Risks

1.20%

Warranties:
a)
b)
1.

Loss, damage or expenses caused by in-sufficiency of un-suitability or faulty stowage of the subject matter
insured shall in no case be covered by this insurance.
Death by disease and epidemic during the course of transit by Truck shall not be covered.
Import Rail/Lorry/Truck Risks only Clauses :

Risk Covered
1.. This insurance covers, except as provided in Clauses 2, 3, and 4 below, the
risks of physical loss or damage to the insured goods caused by
(a)

(b)

i)
ii)
iii)
i)

Fire
Lightning
Breakage of bridges
Collision with or by the carrying vehicle/Railway Wagon

Risks
Clause

Marine Rating Committee

ii)
iii)

27

Overturning of the carrying vehicle

Derailment or accidents of like nature to the carrying Railway
Wagon/Vehicle.

Exclusions
2.
In on case shall this insurance cover

3.

2.1

Loss, damage or expense attributable to wilful misconduct of the

Assured

2.2

Ordinary leakage, ordinary loss in weight or volume or ordinary wear

and tear of the subject matter insured

2.3

Loss, damage or expense caused by insufficiency or unsuitability of

packing or preparation or the subject matter insured (for the purpose
of this Clause 2.3 Packing shall be deemed to include stowage in a
container or lift van by only when such stowage is carried out prior to
attachment of this insurance or by the Assured or their servants) or
when the subject matter is carried in open wagon/lorry/Vehicle unless
covered by Tarpaulin

2.4

Loss, damage or expense caused by delay, even though the delay be

caused by a risk insured against

2.5

Loss, damage or expense caused by delay, even though the delay be

caused by a risk insured.

In no case shall this insurance cover loss damage or expense caused by

General
Exclusion
Clause

War
Exclusion

4.

3.1

War, Civil war, Revolution, Rebellion, insurrection or civil strife arising

there-from, or any hostile act by or against a belligerent power

3.2

Capture, seizure, arrest, restraint or detainment, and the consequences

thereof or any attempt thereat.

3.3

Derelict mines bombs or other derelict weapons of war.

In no case shall this insurance cover loss damage or expense

Clause

Strike
Exclusion

4.1

paused by strikers, locked-out workmen, or persons taking part in labour

disturbances, riots or civil commotions

4.2

resulting from strikes, lock-outs, labour disturbances, riots or civil

commotions.

4.3

caused by any terrorist or any person acting from a political motive.

Clause

Duration

4.

This insurance attaches with the loading of each bale or package into the

Transit

Vehicle/Rail for immediate transit and being continuous in all situations beyond the Clause
control of the insured in ordinary course of transit and ceases immediately after
i)

until delivery to the final warehouse at the destination named in the policy, or

ii)

in respect of transits by Rail only until expiry of 30 days from the time of
loading of the Cargo on to the Railway Wagon:
or

iii)

in respect of transits by Road only, until expiry of 30 days from the time of
loading of Cargo on to the vehicle:

Whichever shall first occur.

Claims
6.

Insurable
6.1

In order to recover under this insurance the Assured must have an

insurable interest in the subject matter insured at the time of loss.

Interest
Clause.

Marine Rating Committee

6.2

28

Subject to 6.1 above, the Assured shall be entitled to recover for insured
loss occurring during the period covered by this insurance,
notwithstanding that the loss occurred before the contract of insurance
was concluded unless the Assured were aware of the loss and the
underwriters were not.

Benefit of Insurance
7.

Not
To Inure

This insurance shall not inure to the benefit of the carrier of other Bailee.

Clause

Minimising Losses
Duty of
8.

It is the duty of the Assured and their servants and agents in respect of loss

Assured

Recoverable hereunder

Clause

8.1

to take such measures as may by reasonable for the purpose of averting

or minimising such loss and

8.2

to ensure that all rights against carriers, Bailees or other third parties are
properly preserved and exercised by lodging a monetary claim against
Railway/Road Carriers/Bailees within 6(six) months from the date of
Railway/Lorry receipt or as prescribed by the relevant statute.

and the Underwriters will, in addition to any loss recoverable hereunder,

reimburse the Assured for any charges properly and reasonably incurred
in pursuance of these duties.
9.

Measures taken by the Assured or the Underwriters with the object of saving
Protecting or recovering the subject matter insured shall not be considered as a
Waiver of acceptance of abandonment or otherwise prejudice the right of either
party.

Waiver
Clause

Avoidance of Delay
10.

Despatch

It is a condition of this insurance that the Assured shall act with reasonable

Clauses

Despatch in all circumstances within their control

11.

This insurance is subject to Bangladesh Law & Practice.

Import Rail/Lorry/Truck All Risks Clauses

Risks Covered
1.

Risks Claus

This insurance covers all risks of loss or damage to the subject matter insured
except as provided in Clause Nos. 2, 3 and 4 below.

Exclusions
2.

In no case shall this insurance cover

2.1

Loss, damage or expense attributable to wilful misconduct of the

Assured

2.2

Ordinary leakage, ordinary loss in weight or volume, or ordinary wear

and tear of the subject matte insured

2.3

Loss damage or expense caused by insufficiency or unsuitability of

packing or preparation of the subject matter insured (for the purpose
of this Clause 2, 3 Packing shall be deemed to include stowage in a
container or lift van but only when such stowage is carried out prior to
attachment of this insurance or by the Assured or their servants) or
where the subject matter is carried in open wagon/Lorry/Vehicle unless
covered by Tarpaulin.

2.4

Loss, damage or expense proximately caused by delay even though the

delay be caused by a risk insured against

2.5

Loss, damage or expense caused by inherent vice or nature of the subject

matter insured.

General
Exclusion
Clause

Marine Rating Committee

3.

4.

29

In no case shall this insur5ance cover loss, damage or expense caused by

War

3.1

War, Civil war, Revolution, Rebellion, Insurrection, or civil strife arising

there from, or any hostile act by or against a belligerent power.

Exclusion
Clause

3.2

Capture, Seizure, arrest, restraint or detainment, and the consequences

Thereof or any attempt thereat.

3.3

derelict mines bombs or other derelict weapons of war.

In no case shall this insurance cover loss damage or expense

4.1

caused by strikers, locked-out workmen or persons taking part in labour

disturbances, riots or civil commotions.

Strike

4.2

resulting from strikes, lock-out, labour disturbances, riots or civil

commotions.

Exclusion
Clause

4.3

Caused by any terrorist or any person acting from a political motive.

Duration

5.

This insurance attaches with the loading of each bale or package in to the
Vehicle/Rail for immediate transit and being continuous in all situation beyond
the control of the insured in ordinary course of transit and cases immediately after:(i)

until delivery to the final warehouse at the destination named in the

policy, or

(ii)

in respect of transits by Rail only until expiry of 30 days from the time of
loading of the cargo on to the Railway Wagon;
or

(iii)

in respect of transits by Road only, until expiry of 30 days from the time
of loading of Cargo on to the Vehicle:

Transit
Clause

Whichever shall first occur.

Claims
6.

6.1

In order to recover under this insurance the Assured must have an

insurable interest in the subject matter insured at the time of loss.

6.2

Subject to 6.1 above, the Assured shall be entitled to recover for insured
loss occurring during the period covered by this insurance, not
withstanding that the loss occurred before the contract of insurance was
concluded unless the assured were aware of the loss and the
underwriters were not.

Insurable
Interest
Clause

Benefit of Insurance
Not to inure
7.

This insurance shall not inure to the benefit of the carrier or other Bailee.

Clause

Minimising Losses
8.

It is the duty of the Assured and their servants and agents in respect of loss
Recoverable hereunder
8.1

to take such measures as may be reasonable for the purpose of averting

Or minimising such loss and

8.3

to ensure that all right against carriers, Bailees or other third parties are
properly preserved and exercised by lodging a monetary claim against
Railway/Road Carriers/Bailees within six months from the date of
Railway/Lorry receipt or as prescribed by the relevant statute.

Duty of
Assured
Clause

and the Underwriters will, in addition to any loss recoverable hereunder,

reimburse the Assured for any charges properly and reasonably incurred in
pursuance of these duties.
9.

Measures taken by the Assured or the Underwriters with the object of saving,

Waiver

Marine Rating Committee

Protecting or recovering the subject matter insured shall not considered as a
Waiver or acceptance of abandonment or otherwise prejudice the right of either
Party.

30
Clause

Avoidance of Delay
10.

It is a condition of this insurance that the Assured shall act with reasonable
despatch in all circumstances within their control.

11.

This insurance is subject to Bangladesh Law & Practice.

Despatch

Clause
Transit by Rail only shall include incidental transit by Road performed by Railway Authorities to or Railway OutAgency.

N.B.
12.

Extension of cover beyond the period of 30(thirty) days under the Rail/Truck/Lorry Risks only
Rail/Truck/Lorry All Risks (import) Clauses.

and

The period of 30(thirty) days provided in the above Clause may be extended whilst the goods are lying in the
Railway/Road Carriers premises or another warehouse affording identical cover as provided in the policy for
a period not exceeding 30(thirty) days (in addition to 30 days) on payment of additional premium @ Tk. 0.25%
for each 15(Fifteen) days or part thereof subject to the following Endorsement :-

The cover provided under the policy, notwithstanding anything contained hereto the contrary, is extended to include a further period
of _____ days whilst the goods lying in the Railway/Road carriers premises or in Clearing & Forwarding Agents Warehouse or
bonded warehouse at the destination beyond the period of 30 (thirty) days mentioned in the Clause.
III.

The request for extension of cover in writing should reach the underwriters at least 10(Ten) days

before the above mentioned expiry date.

The cover beyond the said period shall only be provided under separate Fire and/or Burglary policy.
1.

Despatches by closed Wagon/Vehicle.

The Rates provided in Schedule 2 are for despatches by closed and/or Tarpaulin covered vehicle only.
V.

Issue of policies to Transport Companies

Issue of policies to Transport Companies or Transport Contractors or Freight Forwarders or Clearing, Forwarding &
Commission Agents, either in their own name or jointly with the owner of the goods, is prohibited under this Tariff, except on goods
owned by them.
2. VI.

No reduction in Rate shall be made for any curtailment of the scope of the cover of narrowing of the ambit of

insurance.
VII .

Where no specific provision exists in this Tariff, it is not permissible for insurers in the case of transit risks

provided for in the Fire Tariff, to issue a Marine Transit policy covering Fire risk alone unless a Rate at least equivalent to the Fire
Tariff Rate for the same Journey is charged.
VIII .

Import by Road Transit would commence from the time the goods leave the warehouse at the place mentioned in

the policy for the commencement of the transit and continues during the ordinary course of transit until delivered at the final
warehouse at the place mentioned in the policy for the termination of the transit. At intermediate stations if the insured goods come
under control of the Assured for allocation, redistribution, processing etc. the transit will be deemed to have come to an end and further

Marine Rating Committee

31

transit shall become a second transit. However, the Assured may submit proposals for transits involving intermediated storage for
allocation, redistribution, processing etc. to the appropriate Committee and obtain special Rating for such multi-transits and storages.

Premium rate for import of Cement Clinker/Stone from India by Rail/Lorry

1.
2.

Rail/Lorry All Risks

-0.60%
Rail/Lorry Risk only.
-0.25%
Excess -0.50% on Shipment Value of Bulk Shipment.

Premium rate for import of Wheat Bran, Rice Bran & Maiz Bran from India by Lorry/Rail Risk only.
1.
2.

Rail/Lorry All Risks

Rail/Lorry Risk only.

-0.60%
-0.50%

Inland Tariff
Section 4

Marine Rating Committee

32

Section 4
Transit by Rail or Road
Applicable to risks throughout Bangladesh for all clauses of Merchandise
Unless otherwise provided elsewhere in the tariff
All Policies under this Tariff shall be subject to the following clauses and conditions as may be applicable
1.

Inland Rail/Lorry/Truck Risks only Clauses :

Risks Covered
1.

This insurance covers, except as provided in Clauses 2,3 and 4 below, the
Risks of physical loss or damage to the insured goods caused by

Risks
Clause

(a) (i)
(ii)
(iii)
(b)

Fire
Lightning
Breakage of bridges

(i)
Collision with or by the carrying Vehicle/Railway Wagon
(ii)
Overturning of the carrying Vehicle
(iii)
Derailment or accidents of like nature to the carrying Railway
Wagon/Vehicle.

Exclusions
2.
In no case shall this insurance cover.
2.1

Loss, damage or expense attributable to wilful misconduct of the

Assured

2.2

Ordinary leakage, ordinary loss in weight or volume, or ordinary wear

and tear of the subject matter insured

2.3

Loss, damage or expense caused by insufficiency or unsuitability of

packing or preparation of the subject matter insured ( for the purpose
of this clause 2,3 Packing shall be deemed to include stowage in a
container or lift van but only when such stowage is carried out prior to
attachment of this insurance or by the Assured or their servants) or
where the subject matter is carried in open wagon/Lorry/Vehicle

General
Exclusion
Clause

Marine Rating Committee

33

unless covered, by Tarpaulin.

3.

4.

2.4

Loss, damage or expense proximately caused by delay, even though

the delay be caused by a risk insured against.

2.5

Loss, damage or expense caused by inherent vice or nature of the

subject matter insured

In no case shall this insurance cover loss damage or expense caused by

3.1

War, civil war, revolution, rebellion, insurrection, or civil strife arising

There-from, or any hostile act by or against a belligerent power

III.2

Capture, seizure, arrest, restraint or detainment and the consequences

thereof or any attempt thereat.

III.3

Derelict mines bombs or other derelict weapons of ware

War
Exclusion
Clause

In no case shall this insurance cover loss damage or expense

Strike

4.1

Caused by strikers, locked-out workmen, or persons taking part in labour

disturbances, riots or civil commotions.

Clause

4.2

Resulting from strikes, lock-outs, labour disturbances, riots or civil

Commotions

4.3

Caused by any terrorist or any person acting from a political motive.

Exclusion

Duration

Transit
Clause

5.

Claims
6.

This insurance attaches with the loading of each bale or package into the
Vehicle/Rail for immediate transit and being continuous in all situation beyond
the control of the insured in ordinary course of transit and ceases immediately after
(i)

Until delivery to the final warehouse at the destination named in the

policy, or

(ii)

In respect of transits by Rail only until expiry of 10 days from the

time of loading of Cargo on to the Railway Wagon.

(iii)

In respect of transits by Road only, until expiry of 7 days from the

time of loading of Cargo on to the Vehicle ;
Which ever shall first occur.

6.1

In order to recover under this insurance the Assured must have an

insurable interest in the subject matter insured at the time of loss

6.2

Subject to 6.1 above, the Assured shall be entitled to recover for

insured loss occurring during the period covered by this insurance,
notwithstanding that the loss occurred before the contract of
insurance was concluded unless the Assured were of the loss and
the underwriters were not.

Insurable
Interest
Clause

Benefit of Insurance
7.

Not
To Inure

This insurance shall not inure to the benefit of the carrier of other Bailee.

Clause

Minimising Losses
Duty of
8.

It is the duty of the Assured and their servants and agents in respect of loss
Recoverable hereunder
8.1

To take such measures as may be reasonable for the purpose of

averting or minimising such loss and

8.2

To ensure that all rights against carriers, Bailees or other third parties
are properly preserved and exercised by lodging a monetary claim
against Railway/Road Carriers/Bailees within 6 (six) months from
the date of Railway/Lorry receipt or as prescribed by the relevant
statute.

And the Underwriters will, in addition to any loss recoverable hereunder,

reimburse the Assured for any charges properly and reasonably incurred

Assured
Clause

Marine Rating Committee

34

in pursuance of these duties.

9.

Measures taken by the Assured or the Underwriters with the object of saving
protecting or recovering the subject matter insured shall not be considered
as a waiver or acceptance of abandonment or otherwise prejudice the right of
either party.

Waiver
Clause

Avoidance of Delay
11.

It is a condition of this insurance that the Assured shall act with reasonable
despatch in all circumstances within their control.

Despatch

12.

This insurance is subject to Bangladesh Law & Practice.

Clause

Inland Rail/Lorry/Truck All Risks Clauses

Risk Covered
1.

Risks Clause

This insurance covers all risks of loss or damage to the subject matter insured
except as provided in Clause Nos. 2,3 and 4 below.

Exclusions
2.

In no case shall this insurance cover

General

2.1

Loss, damage or expense attributable to wilful misconduct of the Assured

Clause

2.2

Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and

tear of the subject matter insured

2.3

Loss, damage or expense caused by insufficiency or unsuitability of

packing or preparation of the subject matter insured (for the purpose of
this Clause 2, 3 Packing shall be deemed to include stowage in a
container or lift van but only when such stowage is carried out prior to
attachment of this insurance or by the Assured or their servants) or
where the subject matter is carried in open wagon/Lorry/Vehicle unless
covered by Tarpulin.

2.4

Loss, damage or expense proximately caused by delay even though the

delay be caused by a risk insured against

2.5

Loss, damage or expense caused by inherent vice or nature of the

subject matter insured.

Exclusion

3.

4.

In no case shall this insurance cover loss damage or expense caused by

3.1

War, Civil war, Revolution, Rebellion, insurrection, or civil strife arising

there from, or any hostile act by or against a belligerent power

War

3.2

Capture, seizure, arrest, restraint of detainment, and the consequences

thereof or any attempt thereat

Exclusion
Clause

III.4

Derelict mines bombs or other derelict weapons of war.

In no case shall this insurance cover loss damage or expense

4.1

Caused by strikers, locked-out workmen or persons taking part in labour

or civil commotions

4.2

Resulting from strikes, lock-out, labour disturbances, riots or civil commotions

4.3

Caused by any terrorist or any person acting from a political motive

Strike disturbances, riots

Exclusion

Duration
5.

This insurance attaches with the loading of each bale or package in to the
Vehicle/Rail for immediate transit and being continuous in all situation beyond the
Control of the insured in ordinary course of transit and ceases immediately after :-

Transit
Clause

Marine Rating Committee

35

(i)

Until delivery to the final warehouse at the destination named in the

policy, or

(ii)

In respect of transits by Rail only until expiry of 10 days from the

time of loading of Cargo on to the Railway Wagon.

(iii)

In respect of transits by Road only, until expiry of 7 days from the time of
loading of Cargo on to the Vehicle.
Which ever shall first occur.

Claims
6.

6.1

In order to recover under this insurance the Assured must have an insurable
interest in the subject matter insured at the time of loss.

6.2

Subject to 6.1 above, the Assured shall be entitled to recover for insured
loss occurring during the period covered by this insurance, not
withstanding that the loss occurred before the contract of insurance was
concluded unless the assured were aware of the loss and the
underwriters were not.

Insurable
Interest
Clause

Benefit of Insurance
Not to inure
7.

This insurance shall not inure to the benefit of the carrier or other Bailee.

Clause

Minimising Losses
8.

It is the duty of the Assured and their servants and agents in respect of loss
Recoverable hereunder
8.1

to take such measures as may be reasonable for the purpose of averting

Or minimising such loss and

8.4

to ensure that all right against carriers, Bailees or other third parties are
properly preserved and exercised by lodging a monetary claim against
Railway/Road Carriers/Bailees within six months from the date of
Railway/Lorry receipt or as prescribed by the relevant statute.

Duty of
Assured
Clause

and the Underwriters will, in addition to any loss recoverable hereunder,

reimburse the Assured for any charges properly and reasonably incurred in
pursuance of these duties.
9.

Measures taken by the Assured or the Underwriters with the object of saving,
Protecting or recovering the subject matter insured shall not considered as a
Waiver or acceptance of abandonment or otherwise prejudice the right of either
Party.

Waiver
Clause

Avoidance of Delay
10.

It is a condition of this insurance that the Assured shall act with reasonable
despatch in all circumstances within their control.

11.

This insurance is subject to Bangladesh Law & Practice.

N.B.

Transit by Rail only shall include incidental transit by Road performed by

Railway Authorities to or Railway Out-Agency.

II .

Extension of cover beyond the period of Ten/Seven days under Inland Transit Clause.

Despatch
Clause

The period of Ten/Seven days provided in the Inland Transit Clause may be extended whilst the goods are lying
in the Railway/Road Carriers premises or another warehouse affording identical cover as provided in the policy
for a period not exceeding 02(two) weeks (in addition to 10/7 days) already provided at Rates specified in Rate
Schedule No.3 subject to the following Endorsement :-

Marine Rating Committee

36

The cover provided under the policy, notwithstanding anything contained hereto the contrary, is extended to include a further period
of _____ days whilst the goods lying in the Railway/Road carriers premises or in Clearing & Forwarding Agents Warehouse or
bonded warehouse at the destination beyond the period of Ten/Seven days mentioned in the Clause.
III

The request for extension of cover in writing should reach the underwriters at least 03 (Three) days
before the above mentioned expiry date.

The cover beyond the said period shall only be provided under separate Fire and/or Burglary policy.
IV

Despatches by closed Wagon/Vehicle.

The Rates provided in Schedule l are for despatches by closed and/or Tarpaulin covered vehicle only.
V.

Issue of policies to Transport Companies

Issue of policies to Transport Companies or Transport Contractors or Freight Forwarders or Clearing, Forwarding &
Commission Agents, either in their own name or jointly with the owner of the goods, is prohibited under this Tariff, except on goods
owned by them.
VI.

No reduction in Rate shall be made for any curtailment of the scope of the cover of narrowing of the ambit of

insurance.
VII .

Where no specific provision exists in this Tariff, it is not permissible for insurers in the case of transit risks

provided for in the Fire Tariff, to issue a Marine Transit policy covering Fire risk alone unless a Rate at least equivalent to the Fire
Tariff Rate for the same Journey is charged.
VIII .

Inland Transit would commence from the time the goods leave the warehouse at the place mentioned in the policy

for the commencement of the transit and continues during the ordinary course of transit until delivered at the final warehouse at the
place mentioned in the policy for the termination of the transit. At intermediate stations if the insured goods come under control of the
Assured for allocation, redistribution, processing etc. the transit will be deemed to have come to an end and further transit shall
become a second transit. However, the Assured may submit proposals for transits involving intermediate storage for allocation,
redistribution, processing etc. to the appropriate Committee and obtain special Rating for such multi-transits and storages.

Rate Schedule No.1

(Rate in Pct.)
Commodities
1.
a.

b.

2.

Raw Jute, Cotton, Hemp, Staple fibre, Vegetable fibre.

In fully pressed bales in closed
Wagons/closed vehicles/vehicles covered
By Tarpaulins.
Other then fully pressed bales in closed
Wagon/closed vehicles/vehicles covered
By Tarpaulin.

(Rate in Pct)

Rail/Lorry/Truck Rail/Lorry/Truck
Risk only
All Risks
0.40%

0.55%

1.00%

1.15%

All kinds of piece goods, Ready made Garments

Hosiery, Yarn Wool, Wool tops Hessian & Gunny
Bays.
(a) In fully pressed bales
(b) In wooden cases.
In cardboard cartoons

0.45%
0.45%

0.90%
0.90%

0.45%

0.90%

Marine Rating Committee

37

(d) In gunny bags

(e) Paper packing

0.45%
0.45%

0.90%
1.00%(with 0.5%
excess on the whole
consignment)

3.

All kinds of glass items, including Valves, Lamps,

Sheds T.V. Tubes and Screen, X-Ray & Electronics
Tubes, Porcelain insulators and other Porcelain
Electrical items

4.

Precision instruments of all types including

Electronic and Electric Machine and Equipments
Microwave Equipments, Transmitter, Computers,
Telephones and Scientific & Optical Instruments
Metres, Watches, Clocks including spares and
Parts, Air-Conditioners, Coolers, Fans,
Refrigerators,
Radios, Transistors, Record Players, Television sets.
Tape Recorders Sewing Machines and Electric Household
Appliances.

5.

Machinery

6.

Chemicals

0.50%

1.75%

0.50%

1.25%

0.50%

1.00%

(a) Non-Hazardous in drums

0.45%

1.00%

(b) Non-Hazardous in tins

0.50%

1.15%

0.60%

1.80%

Hazardous in drums

(d) Hazardous in tins

0.65%

(e) In glass carboys

(f)

1.90%
1.60%

Hazardous in Bags

0.70%

3.00%
2.00%

Rate Schedule No. 2

(Special Rate for Inland Transit of Ready-made Garments in connection with Export)
RISKS

RATES

TRANSIT

Lorry/Truck All
Risks.

0.015%

From Savar EPZ, Dhaka to Zia International

Airport/ICD, Kamlapur, Dhaka & Chittagong EPZ
To Chittagong Port vice versa.

Lorry/Truck All
Risks.

0.01%

From Savar EPZ, Dhaka to Zia International

Airport/ICD, Kamlapur, Dhaka & Chittagong EPZ
To Chittagong Port vice versa.

Lorry/Truck All
Risks.

0.10%(1% excess on the value of

Consignment carried by each
Truck/container in respect of
each & every claim)

From Savar EPZ to Chittagong Port vice versa.

Lorry/Truck
Risk only.

0.08%

From Savar EPZ to Chittagong Port vice versa

Rate Schedule No. 3

For extension of duration beyond 10/7 days additional premium @ 25% of the Tariff Rate is to be charged for each 7(seven) days
or part thereof up to a maximum period of 2(two) weeks.
Rate Schedule No. 4

Marine Rating Committee

38

Premium rate terms and condition for Inland transit of various Telecommunication equipment including Mobile phone sets.
1.
2.

Truck/Rail/ Lorry all Risk

Truck/Rail/ Lorry Risk

0.15% with 1% excess on E.E.L.

0.10% with 1% excess on E.E.L.

Condition
The above rates are applicable only to Telecommunication company and not applicable to general traders/ Importers of mobile
phone sets. (Circular No. M-55/2005 dated : 20-07-2005)
Premium rate for machinery and Equipment of T.V. Channels.
1.
2.

Truck/Rail/Lorry All Risks

0.15% with 1% excess on E.E.L.
Truck/Rail/ Lorry Risk
0.10% with 1% excess on E.E.L.
(Circular No. M-60/2005 dated : 22-12-2005)

Inland Transit of Rice in Plastic bags/Jute bags/Jumbo bags by Truck.

1.
2.

Lorry All Risks

Lorry Risk only.

0.75%
0.40%

Premium Rate for goods in transit for pharmaceuticals finished goods by Lorry.
1.
2.

Truck/ Lorry All Risks

Truck/ Lorry Risk

1.00%
0.45%

Per battom-BDT-5 Million and 3 Million by Truck.

Inland Cargoes
(Waterborne) Tariff
Section 5

Marine Rating Committee

39

Section 5
Inland Cargoes (Waterborne) Tariff
Applicable to all Cargoes carried in Rivers, Canals or other smooth waters, including any land transit incidental thereto ;
including F.O.B. shipment
Inland Cargo (Water borne) Clauses.
Risks Covered
1.

This insurance covers, except as provided in Clauses 2,3,4 & 5 below, loss of
damage to the subject matter insured reasonably attributable to
1.1 Fire or explosion
1.2 Vessel or craft being stranded grounded sunk or capsized
1.3 Overturning, derailment or collision of conveyance with any external
object other than water
1.4 Discharge of Cargo at a port of distress.

Exclusions
2. In on case shall this insurance cover
2.1 Loss, damage or expense attributable to wilful misconduct of the
Assured
2.2 Ordinary leakage, ordinary loss in weight or volume, or ordinary
wear and tear of the subject matter insured
2.3 Loss, damage or expense caused by insufficiency or unsuitability
of packing or preparation of the subject matter insured (for the purpose
of this clause 2,3 packing shall be deemed to include out prior to
attachment of this insurance or by the Assured or their servants)
2.4 Loss, damage or expense caused inherent vice or nature of the subject
matter insured
2.5 Loss, damage or expense proximately caused by delay, even though
delay be caused by a risk insured against

Risks
Clause

General
Exclusion
Clause

Marine Rating Committee

40

2.6 Loss, damage or expense arising from the use of any weapon of war
employing atomic or nuclear fission and/or fusion on other like reaction
or radioactive force or matter
2.7 Deliberate damage to or deliberate destruction of the subject matter
insured or any part thereof by the wrongful act of any person or persons.
3.

3.1 In no case shall this insurance cover loss, damage or expense arising
from un-seaworthiness or unfitness of Vessel container or lift van for the
safe carriage of the subject matter insured, where the Assured or their
servants are privy to such un-seaworthiness or unfitness at the time the
subject matter insured in loaded therein.

Un-seaworthiness
& Unfitness
Exclusion
Clause

3.2 The Underwriters waive any breach of the implied warranties of seaworthiness or the Vessel and fitness of the Vessel to carry the subject
matter insured to destination unless the Assured or their servants are
Privy to such un-seaworthiness or unfitness.

In no case shall this insurance cover loss damage or expense caused by

War Exclusion
Clause

4.1 War, civil war, revolution, rebellion, insurrection, or civil strife arising
there-from, or any hostile act by or against a belligerent power.
4.2 Capture, seizure, arrest, restraint or detainment and the consequences
thereof or any attempt thereat
4.3 Derelict mines bombs or other derelict weapons of war
5.

In no case shall this insurance cover loss, damage or expense

Strike Exclusion
Clause

5.1 Doused by strikers, locked-out workmen or persons taking part in

labour disturbances, riots or civil commotions
5.2 Resulting from strikes, lock-outs, labour disturbances, riots or civil
Commotions
5.3 Caused by any terrorist or any person acting from a political motive.
Duration
6.

This insurance attaches with the loading of each bale or package in to the
vessel for immediate transit and being continuous in all situation beyond the
control of the insured in ordinary course of transit and ceases immediately after ;

Transit Clause

6.1 until delivery of the goods at destination named in the policy : or

6.2 on the expiry of 30 (thirty) days from the time of loading of Cargo on to
the Vessel whichever shall first occur.
6.3 If owing to circumstances beyond the control of the Assured either the
contract of carriage is terminated at a port or place other than the
destination named therein or the transit is otherwise terminated before
delivery of the goods as provided for in clause 4 above then this
insurance shall also terminate unless prompt notice is given to the
Underwriters and continuation of cover is requested when the insurance
shall remain in force, subject to an additional premium if required by the
Underwriters.
7.

Where, after attachment of this insurance, the destination is changed by the

held covered at a premium and on conditions t6o be arranged subject
being given to Underwriters

Claims
8.

8.1

Cover of
Voyage Clause

In order to recover under this insurance the Assured must have an insurable
interest in the subject matter insured at the time of loss.

Assured,
to prompt notice

Marine Rating Committee

8.2

41

Subject to 8.1 above, the Assured shall be entitled to recover for insured
loss occurring during the period covered by this insurance, not
withstanding that the loss occurred before the contract of insurance was
concluded unless the assured were aware of the loss and the
underwriters were not.

Insurable
Interest
Clause

Benefit of Insurance
Not to inure
9.

This insurance shall not inure to the benefit of the carrier or other Bailee.

Clause

Minimising Losses
10.

It is the duty of the Assured and their servants and agents in respect of loss
Recoverable hereunder
10.1

to take such measures as may be reasonable for the purpose of averting

Or minimising such loss and

10.2

to ensure that all right against carriers are properly preserved and
exercised by lodging a monetary claim against Carriers within six
months from the date of loading or as prescribed by the relevant
statute.

Duty of
Assured
Clause

and the Underwriters will, in addition to any loss recoverable hereunder,

reimburse the Assured for any charges properly and reasonably incurred in
pursuance of these duties.
11.

Measures taken by the Assured or the Underwriters with the object of saving,
Protecting or recovering the subject matter insured shall not considered as a
Waiver or acceptance of abandonment or otherwise prejudice the right of either
Party.

Waiver
Clause

Avoidance of Delay
12.

13.

It is a condition of this insurance that the Assured shall act with reasonable
despatch in all circumstances within their control.

Reasonable
Despatch

Law & Practice :

This insurance is subject to Bangladesh Law & Practice.

Clause

Inland Cargo (Water Borne) Clauses All Risks.

1.

This Insurance Covers all risks of loss or damage to the subject matter insured except as provided in Claude
2 and 3 below :

Exclusions :
2.

In no case shall this insurance cover

2.1
2.2

Loss, damage or expense attributable to wilful misconduct of the Assured and/or his agents
Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the Cargo
insured

2.3

Loss, damage or expense caused by insufficiency or unsuitability of packing or preparation of the Cargo insured
(for the purpose of this Clause Packing shall be deemed to include stowage in a container or lift van but only
when such stowage is carried out prior to attachment of this insurance or by the Assured or their servants)

2.4 Loss, damage or expense proximately caused by delay even though the delay be caused by a
risk insured against
2.5 Loss, damage or expense caused by inherent vice or nature of the Cargo insured.
3.

In no case shall this insurance Cover :

3.1

War, Civil war, Revolution, Rebellion, insurrection, or civil strike arising there from, or any hostile
act by or against a belligerent power

Marine Rating Committee

4.

42

3.2

Capture, seizure, arrest, restraint of detainment, and the consequence thereof or any attempt
thereat

3.3

Loss, damage or expense caused by strikers, lockout, workmen or persons taking part in labour disturbances, riots
or civil commotions

3.4

Loss, damage or expense from strikers, lockout, workmen labour disturbances, riots or civil commotions

3.5

Loss, damage or expense caused by Terrorist or any person acting from a political motive

This insurance attaches with the loading of each bale or package in to the Vessel for immediate transit
and being continuous in all situation beyond the control of the insured in ordinary course of transit and ceases immediately
after ;
4.1

Until delivery of the goods at destination named in the policy or

4.2

On the expiry of 30(thirty) days from the time of loading on to the Vessel whichever shall first occur.

4.3

If owing to circumstances beyond the control of the Assured either the contract of carriage is terminated at a port
or place other than the destination named therein or the transit is otherwise terminated before delivery of the goods
as provided for in Clause 4 above then this insurance shall also terminate unless prompt notice is given to the
Underwriters and continuation of cover is requested when the insurance shall remain in force, subject to an
additional premium if required by the Underwriters.

5.

Where, after attachment of this insurance, the destination is changed by the Assured, held covered at a
Premium and on conditions to be arranged subject to prompt notice being given to the Underwriters.

Claims
6.

6.1

In order to recover under this insurance the Assured must have an insurable interest in the
subject matter insured at the time of loss

6.2 Subject to 6.1 above, the Assured shall be entitled to recover for insured loss occurring during
the period covered by this insurance, not withstanding that the loss occurred before the contract of insurance was
concluded unless the assured were aware of the loss and the underwriters were not.
Benefit of Insurance
7.

This insurance shall not inure to the benefit of the carrier or other Bailee.

Minimising Losses
8.

It is the duty of the Assured and their servants and agents in respect of loss Recoverable hereunder
8.1

to take such measures as may be reasonable for the purpose of averting or minimising
such loss and

8.2

to ensure that all right against carriers, Bailees or other 3 rd parties are properly preserved and
exercised by lodging a monetary claim against Carriers/Bailees within six months from the date

Marine Rating Committee

43

of issue of Bill of loading or as prescribe by the relevant statute and the underwriters will in addition to any loss
recoverable hereunder, reimburse the assured for any charges properly and reasonably incurred in pursuance of
these duties.

8.3

Measures taken by the Assured or the Underwriters with the object of saving, Protecting or recovering the subject
matter insured shall not considered as a Waiver or acceptance of abandonment or otherwise prejudice the right of
either Party.

Avoidance of delay :
9.

It is a condition of this insurance that the Assured shall act with reasonable despatch in all circumstances within their control.

Law & Practice :

10. This insurance is subject to Bangladesh Law & Practice.

INLAND CARGOES (WATER BORNE) TARIFF.

RATE SCHEDULE NO. 1.

From :
a)
b)

Rate for inland

cargoes (water borne)
Clauses
(Raw Jute & other
goods)

To :
Any loading station in
Bangladesh
Any loading station in
Bangladesh

Overseas Vessel at Khulna,

Chalna/Mongla or
Chittagong
Any discharging station in
Bangladesh other than a
above.

Rate for all risks

Raw Jute

Other
goods

0.35%

1.00%

0.90%

0.35%

0.95%

0.90%

Rate Schedule No. 2

Short Voyages (Not applicable to transit by Rail)
For voyages between Chalna/Mongla, Khulna, Khalishpur and Daulatpur and also for voyages less than 35 miles the
following concession Rates shall apply:

N.B.

Rate for Inland Cargoes (Water Borne )

Rate for All Risks

Clauses
(Raw Jute & other goods)
0.15%

Raw Jute
0.30%

For extension of duration beyond 30 (thirty) days 25% of the Tariff Rate is to be charged for
each 7 (seven) days or part thereof for maximum 14(fourteen) days.

Air Cargo Tariff.

Section 6

Schedule of Rates on Cargoes by Air Except precious Stones, Jewellery, Currency Notes, Diamonds
Sl. No. Cover

Rate

1.

Air Risks

0.30% subject to minimum premium of Tk. 100/-

2.

Air Risks + ND

0.60% subject to minimum premium of Tk. 100/-

3.

Air Risks + TPND

0.90% subject to minimum premium of Tk. 100/-

Other goods
0.35%

Marine Rating Committee

4.

Air All Risks

44
1.20% subject to minimum premium of Tk. 100/-

Special premium Rates for Industries within EPZ including the Export Oriented Garments industries outside
EPZ.
1.

Air Risks -Only

0.20% subject to minimum premium of Tk. 100/-

2.

Air Risks + ND

0.45% subject to minimum premium of Tk. 100/-

3.

Air Risks + TPND

0.70% subject to minimum premium of Tk. 100/-

4.

Air All Risks

0.75% subject to minimum premium of Tk. 100/-

N.B. i.

The Rates enumerated above apply both to Inland and Overseas shipment.

Premium rate, terms and conditions for Air Risk of Various Telecommunication Equipment Including Mobile Phone Sets and T.V.
Channels.

a.

Air All Risk

0.15% with 1% excess on E . E . L

b.

Air Risk Only

0.075% with 1% excess on E . E . L

c.

Air Risk + ND

0.10% with 1% excess on E . E . L

d.

Air Risk + TPND 0.12% with 1% excess on E . E . L

Conditions :
The above rates are applicable only to Telecommunication Company and not applicable to General Traders/Importers of Mobile Phone
sets (Circular No. 57/2005 dated 18-09-2005 and M-60/2005
dated 22-12-2005
Air Risk Only Clauses
1.

Commencement, Duration & Termination of Risk

(a) This insurance attaches from the time the subject matter insured is loaded in to the Air Craft a6t the place named in the policy for
the commencement of the transit and continues during the ordinary course of transit and terminates on unloading of the cargo at
the final Airport of the destination named in the policy.
Or in any other airport which the assured elect to use either for storage or allocation or distribution.
Or on the expiry of 30 days from the date of loading whichever shall first occur.
(b) This insurance shall remain in force (subject to termination as provided for above and to the provisions as given below) during
delay beyond the control of the assured any deviation, forced discharge, reshipment of transhipment and during any variation of
the adventure is arising from the exercise of a liberty granted to the Air carriers under the contract of carriage.

(c) If owing to circumstance beyond the control of the Assured either the contract of carriage is terminated at a
place other than the destination named therein or the adventure is otherwise terminated before the delivery of the subject matter
insured as provided for above then subject to prompt notice being given to underwriters and payment of additional premium this
insurance shall remain in force until either.
2.

Warranty :
(a) Warranted free from loss or damage unless caused by Air Crash due to any reason or hijacking, forced landing and collision
with any object in the air, whilst in transit.
(b) Warranted that no liability shall attach to the insurer for goods lost or damaged whilst in the custody of the carriers unless a
claim provisional or otherwise accompanied with necessary claim documents has been lodged by the insured against the
carriers concerned immediately on detection of such loss or damage at the time of delivery. In no dose cleans receipt should
be given to the carriers for goods delivered in defective/damage conditions.
(c) Held covered at a premium to be arranged in case of change of transit or of any omission or error in the description of the
subject matter insured or of the transit.
(d) It is the duty of the assured and their agents in all cases to ensure that all rights against carriers, Bailees or other third parties
are properly preserved and exercised.

Marine Rating Committee

45

(e) It is a condition of this insurance that the assured shall act with reasonable despatch in all circumstances within their control.

N.B. :

If it is necessary to extend the duration of cover, then the insured shall have to apply 10(Ten) days before
the expiry of duration to the Committee through their insurer highlighting the circumstances as to why extension is required.

(for use only with the new marine policy form)

Institute cargo clauses (Air)
(excluding sending by Post)
RISK COVERED
1.
This insurance covers all risks of loss of or damage to the subject-matter insured except
as provided in Clauses 2,3 and 4 below.

Risks Clause

EXCLUSIONS
2. In no case shall this insurance cover

General
Exclusions
Clause

3.

2.1

Loss damage or expense attributable to wilful misconduct of the Assured.

2.2

Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject matter
insured

2.3

Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the

subject matter insured (for the purpose of this Clause 2,3 packing shall be deemed to include
stowage in a container or lift van but only when such stowage is carried out prior to attachment of this
insurance by the Assured or their servants)

2.4

Loss damage or expense caused by inherent vice or nature of the subject-matter insured.

2.5

Loss damage or expense arising from unfitness of aircraft conveyance container or lift van for the
safe carriage of the subject-matter insured, where the Assured or their servants are privy to such
unfitness at the time the subject matter insured is loaded therein.

2.6

Loss damage or expense proximately caused by delay, even though the delay be caused by a risk
insured against.

2.7

Loss damage or expense arising from insolvency or financial default of the owners managers charters
or operators of the aircraft

2.8

Loss damage or expense arising from the use of any weapon of war employing atomic or nuclear
fission and/or fusion or other like reaction or radioactive force or matter

In no case shall this insurance cover loss damage or expense caused by

3.1

War civil war revolution rebellion insurrection, or civil strike arising therefrom, or any hostile act by
or against a belligerent power.

3.2

Capture seizure arrest restraint of detainment (piracy excepted), and the consequences thereof or any
attempt thereat

War Exclusion
Clause

Marine Rating Committee

3.3
4.

Derelict mines torpedoes bombs or other derelict weapons of war.

In no case shall this insurance cover loss damage or expense

4.1

Caused by strikers, locked-our workmen, or persons taking part in labour disturbances, riots or civil
commotions

4.2

Resulting from strikes, lock-out, labour disturbances, riots or civil commotions

4.3

Caused by any terrorist or any person acting from a political motive.

DURATION
5. 5.1

46

Strikes
Exclusions
Clause

Transit Clause

This insurance attaches from the time the subject-matter insured leaves the
warehouse, premises or place of storage at the place named herein for the
commencement of the transit, continues during the ordinary course of transit and
terminates either

5.1.1

On delivery to the Consignees or other final warehouse, premises or place of

storage, whether prior to or at the destination named herein.

5.1.2

On delivery to any other warehouse, premises or place of storage, whether prior

to or at the destination named herein, which the Assured elect to use either
5.1.2.1 for storage other than in the ordinary course of transit or
5.1.2.2 for allocation or distribution

or
5.1.3

on the expiry of 30 days after unloading the subject-matter insured from the
aircraft at the final place of discharge,

Whichever shall first occur.

6.

5.2

if, after unloading from the aircraft at the final place of discharge, but prior to termination
of this insurance, the subject-mater insured is forwarded to a destination other than that to
which it is insured hereunder, this insurance, whilst remaining subject to termination as
provided for above, shall not extend beyond the commencement of transit to such other
destination.

5.3

This insurance shall remain in force (subject to termination as provided for above and to
the provisions of Clause 6 below) during delay beyond the control of the Assured, any
deviation, forced discharge, reshipment of transhipment and during any variation of the
adventure arising from the exercise of a liberty granted to the air carriers under the
contract of carriage.

If owing to circumstances beyond the control of the Assured either the

contract of carriage is terminated at a place other than the destination
named therein of the transit is otherwise terminated before delivery of the
subject matter insured as provided for in Clause 5 above, then this insurance
shall also terminate unless prompt notice is given to the underwriters and
continuations of cover is requested when the insurance shall remain in force,
subject to an additional premium if required by the underwriters, either
6.1

6.2

7.

8.

Until the subject-matter is sold and delivered at such place or, unless otherwise
specially agreed, until the expiry of 30 days after arrival of the subject matter
hereby insured at such place, whichever shall first occur,
Or,
If the subject matter is forwarded within the said period of 30 days (or any
agreed extension thereof) to the destination named herein or to any other
destination, until terminated in accordance with the provisions of clause 5 above.

Where, after attachment of this insurance, the destination is changed by the

Assured, held covered at a premium and on conditions to be arranged
subject to prompt notice being given to the underwriters.
8.1

Termination
of Contract
of Carriage
Clause

In order to recover under this insurance the assured must have an

insurable interest in the subject matter insured at the time of the loss.

Change of
Transit
Clause
Insurable
Interest
Clause

Marine Rating Committee

8.2

9.

47

Subject to 8.1 above, the Assured shall be entitled to recover for insured loss
occurring during the period covered by this insurance, notwithstanding that the loss
occurred before the contract of insurance was concluded, unless the Assured were
aware of the loss and the underwriters were not.

Where, as a result of the operation of a risk covered by this insurance, the insured transit is
terminated at a place other than that to which the subject matter is covered under this
insurance, the Underwriter will reimburse the Assured for any extra charges properly
and reasonably incurred in unloading storing and forwarding the subject-matter to the
destination to which it is insured hereunder.

Forwarding
Charges
Clause

This clause 9 which does not apply to general average or salvage charges, shall be subject
to the exclusions contained in clauses 2,3 and 4 above and shall not include charges arising from the
fault negligence insolvency or financial default of the Assured or their servants.

10. No Claim for constructive total Loss shall be recoverable hereunder unless the subject-matter
insured is reasonably abandoned either on account of its actual total loss appearing to
be unavoidable or because the cost of recovering, reconditioning and forwarding the
subject-matter to the destination to which it is insured would exceed its value on
arrival.
11. 11.1

If any increased value insurance is effected by the Assured on

the cargo insured herein the agreed value of the cargo shall be
deemed to be increased to the total amount insured under this
insurance and all increased value insurance covering the loss
and liability under this insurance shall be in such proportion as
the sum insured herein bears to such total amount insured
In the event of claim the assured shall provide the Underwriters
with evidence of the amounts insured under all other insurance.

Constructive
Total Loss
Clause

Increased
Value
Clause

11.2

Where this insurance is on increased value the following clause shall

apply :
The agreed value of the cargo shall be deemed to be equal to
the total amount insured under the primary insurance and all
increased value insurance covering the loss and effected on
the cargo by the Assured, and liability under this insurance
shall be in such total amount insured.
In the event of claim the Assured shall provide the
Underwriters with evidence of the amounts insured under all
other insurance.

Benefit of Insurance

Not to inure
Clause

12. This Insurance shall not inure to the benefit of the carrier of other bailee.

Minimizing losses
13. It is the duty of the Assured and their servants and agents in respect to loss
recoverable hereunder
13.1

13.2

Duty of
Assured
Clause

To take such measures as may be reasonable for the purpose of

averting or minimizing such loss and
To ensure that all rights against carriers, bailees or other third parties are properly
preserved and exercised and the Underwriters will, in addition to any loss
recoverable hereunder, reimburse the Assured for any charges properly and
reasonably incurred in pursuance of these duties.

14. Measures taken by the Assured or the Underwriters with the object of saving

Waiver

Marine Rating Committee

48

protecting or recovering the subject-matter insured shall not be considered as a

waiver or acceptance of abandonment or otherwise prejudice the rights of
either party.
Avoidance of delay
15. It is a condition of this insurance that the Assured shall act with reasonable
dispatch in all circumstances within their control
Law and practice
16.

This insurance is subject to English law and practice.

Clause

Reasonable
Despatch
Clause
English law
and practice
Clause

Note: it is necessary for the Assured when they become aware of an event which is held covered under this insurance to give
prompt notice to the underwriters and the right to such cover is dependent upon compliance with this obligation.

Bangladesh Specie Tariff.

Section - 7

Marine Rating Committee

49

Section 7
Bullion and Specie (including Securities) Jewellery, Precious Stones Tariff
Definitions :
(a) Bullion Means Raw Gold or Silver in lump.
(b)

Specie means Metal in the form of minted pieces.

By steamer, Aircraft, Rail and Road.

1.

2.
3.

By Aircraft
From airport to airport within the territory of Bangladesh
From any Bangladesh airport to any airport in foreign Country, Provided no
transhipment is involved.
By Rail
From any place to any other place within the territory of Bangladesh

Rate (All Risks)

1.10%
0.12%
0.12%

By Road
To be referred to the
Committee

N . B.

1.

Whenever War and/or S.R.C.C. cover is granted, the current scale Rates must be
charged.

2.

Rates provided herein are for All Risks cover and wherever applicable, Institute Cargo Clause (A) or
Inland Transit Risk Clause (A) as applicable shall be used

3.

Securities shall be insured for their face value or market value whichever is less and 4.% of the
schedule premium Rate shall be charged.
Policies covering securities shall be subject to the following Warranty :
Warranted that in the event of loss of or damage to the securities, the indemnity will be limited to the
cost of obtaining duplicate securities unless it is established that the lost securities have been encashed
fraudulently.

Marine Rating Committee

50

4.

Where valuables are carried in the Bullion Room of a Liner, 75% of the schedule Rate is chargeable.

5.

If door-to-door cover in conjunction with the transit risk mentioned under sections 1 to 3 is required,
additional Rate is chargeable as below :-

Sum insured involved in any one transit not

Exceeding Tk. 20,000/-

0.03%

Sum insured between Tk. 20,000/- and Tk.

100,000/Sum insured Tk.100,000/- and above but
not exceeding

If under armed escort, 50% of these additional

Rates are chargeable.
0.05%

0.03%

Cover to be provided if carried under armed

escort only.

Cover does not include the risk of infidelity of the Assureds employees. This may, however, be covered at an extra
premium of 20% of the ascertained premium.

Tea Tariff
Section - 8

Marine Rating Committee

51

Tea Tariff
Section - 8
1.

Scope of the Tariff :

From the time of plucking the Tea, Tea in process, Packing, Storage and in transit up to Buyers warehouse
abroad but not beyond the port area or Inland transit from place to place within Bangladesh.

2.

Terms :
Policy shall be subject to Tea Clause as per specimen given in this Tariff.
N.B.

3.

Wider Cover for despatch by Country Boat is prohibited.

Rates :

a)

From the time of plucking to Chittagong

Warehouse/Auction house by any mode of
Conveyance except country Boat.

b)

From Auction House/Rly. Station in

Chittagong to insureds Warehouse and /or
Along side the Vessel in Chittagong by
Truck/Rail.

c)

From Chittagong Warehouse to buyers

Warehouse abroad by (not beyond the
Port area) all classed Vessels. Overage
Under tonnage extra will be charged
According to tariff in addition to the Rates
Shown herein.

ICC C for inland Vessel

& Truck/Lorry/Rail-Risk.

All Risks

0.075%

0.10%

0.06%

0.15%

0.40%

Marine Rating Committee

52

To Nepal via India by Rail (All Risks)

To Nepal via India by Truck (All Risks)

1.10%
1.50%

TEA CLAUSES AND CONDITIONS

On Tea the crop valued at Tk.
Per Ibs the estimated outturn of the crop being Ibs, it is understood that the auction
and premium will be adjusted and losses paid at the Rate obtained at the auction plus the Rate of excise duty paid per Ibs.
Provided always that such excise duty is actually paid and is not refundable.
IN THE EVENT of loss before manufacture, 4 Ibs. Of green leaf will be considered equal to 1 Ibs. Of manufactured tea.
MODE OF CONVEYANCE .
Any mode of traditional conveyance.
DURATION OF COVER
This insurance commences from the time leaf is plucked and continues whilst at and from the Gardens and/or Factories
whilst carrying by any conveyance on route to CHITTAGONG PORT and/or ANY WAREHOUSE IN CHITTAGONG.
Tea sold in Chittagong to be held covered here-under until delivered to the buyers F.O.B. or elsewhere in
CHITTAGONG.
HELD COVERED
For covered shipments to be declared and Rated separately upon declaration.
CONDITIONS OF COVER
This insurance is against all risks of loss of or damage (Excluding Hail Damage) to the subject matter insured but shall in
no case be deemed to extend to cover loss, damage or expense proximately caused by delay or inherent vice or nature of
the subject matter insured.
The policy can be extended to cover R.R. & C.C. risk as per institute S.R.C.C. Clause current on the date of despatch on
payment of additional premium as per scale.
CLAIMS :
Any loss or damage to be settled without reference to the liability or non-liability of the carriers or other Bailees whether
under special arrangement between the Assured and carriers or other Bailees or otherwise
Claims for loss or damage within the terms of these Clauses shall be payable irrespective of percentage. In the event of
damage, brokers certificate to be accepted as proof of claim and claims to be adjusted on price in bond.
WASTE AND/OR RESIDUE AND/OR STALKY TEA To be hereafter declared at values as agreed on policy
conditions including Non-delivery.
It is hereby agreed to extend this contract to cover tea which may be manufactured at any neighbouring garden of the
same ownership as the producing garden including the risk of transit to and from.
15% ON GARDEN CLAUSE
NOTWITHSTANDIGN anything herein contained to the contrary, it is agreed that this insurance covers tea whilst at
the Gardens for any purpose whatever, In the event of loss arising from the risks of Fire, Strikes or Civil Commotion the
sum recoverable hereunder shall be the full amount of such loss up to but not exceeding the value of the 15(fifteen)
percent of the estimated total weight of crop.
CONTINUATION CLAUSE
In the event of any shipment coming upon this policy the value of which is in excess of the sum then remaining available
it is mutually agreed that the insurer shall grant a policy for such excess up to but not beyond the amount of this policy
and the assured shall pay the premium thereon at the same Rate.

Marine Rating Committee

53

JUTE AND JUTE GOODS EXPORT TARIFF

SECTION 9

Marine Rating Committee

54

JUTE AND JUTE GOODS EXPORT TARIFF

SECTION 9
1.

Scope of the Tariff: This tariff is applicable to:

(i)
(ii)
2.
3.

Interest : Shipments of jute and jute goods :

Voyage : Form Chittagong and Chalna/Mongla to any where in the world

Regulations & Agreements Section is applicable to this Tariff except where otherwise varied
by the provisions hereinafter included.
Rates: (All Rates are strictly met).
The following minimum Rates should be charged in respect of all Cargo under deck, by
Vessels talling within the classification Clause: (A)

To Anywhere in the world :

(1)

Jute

(2)

Jute goods

(i)

Per Cent
--i)

0.40%

(ii)

---

ii)

0.50%

(iii)

---

iii)

0.60%

(i)

---

i)

0.30%

(ii)

---

ii)

0.40%

(iii)

---

iii)

0.50%

4.

Transhipment: For each transhipment, an additional premium of 0.25% should be charged.

5.

Terms :

Marine Rating Committee

6.

55

(i)

Jute/Jute goods: The Rates shown against C above are subject to the use of the Institute Jute
Clause dated 01-01-1984.

(ii)

Other Rates shown against B and A are subject to the usual institute cargo clauses A&B.

Inland Transit : Whenever there is an Inland transit prior to loading in an overseas Vessel, the
transit must be covered by a separate policy or certificate under the Inland Vessels Tariff.

COUNTRY BOAT TARIFF

Section 10

Marine Rating Committee

56

COUNTRY BOAT TARIFF

Section - 10
Applicable to Jute and/or Hemp and/or Cotton and/or Salt and/or Grains (including Pulse and/or Seeds of all
kinds) and/or other raw materials in un-manufactured and/or unprocessed state including Tea and Machinery by
Country boats not in tow.
1.1

Rates .
The Rates shown in the schedule are in Taka per cent.

1.2

Premium will be charged on 100% or the sum insured. The liability under this policy shall be 75% of the
sum insured.

2.

Agreement not to refund cost of protest.

By agreement Offices are not at liberty to pay the cost of Manjis, or Tindals or other Protest, which may be
made in order to free Boat Owners from liability or to enable Cargo owners to claim against their
underwriters.

3.

S.R. & C.C. Risks

S.R & C.C. Risks not to be included without additional premium and then subject to the terms of the
agreement regarding War, S.R. & C.C. Risks and Regulations issued by the Committee.

4.

Standing Open Policies and/or Standing Open Covers.

It is not permissible to issue Standing Open policies and/or Standing Open Covers.

5.

Specific Open Covers

Specific Open Covers may, upon acceptance of applications be granted pending the issue of policies. Such
Covers shall specify that the risk is insured subject to the conditions of the Country Boat Policy.

6.

Machinery
Cover for transit of Machinery may be granted at a premium Rate of 2.50% covering the usual Country
Boat Risks.

7.

Commencement of Risk.

Marine Rating Committee

57

Where a Specific Cover has been issued it is required expressly to mention therein that no risk attaches
prior to the postal time and date. As stamped by the postal Authorities, on the communication containing the
application for a policy. Such application must be made on the Country Boat Policy Application form a
specimen of which is contained in this Tariff.
Where however, no such specific Cover has been issued no risk shall attach until receipt of a Country Boat
Policy Application form and accepted by the insurers then only the risk shall attach.
8.

Loading
Under Clause No.13.1 of Country Boat Clause, Loading shall have to be completed within 7(seven) days.
This stipulation must be inserted in all specific cover.

Cover under terms and/or conditions in excess of those provided for by this tariff may be granted subject to the
payment of a suitable additional Premium, always provided that the particular risk or any variation or extension
of that risk is not expressly prohibited by any Tariff, Tariff Clause of Condition, or by any Special Agreement
now in force or at any time declared in force by the Rating Committee.
Any variation of any Tariff terms and/or conditions whereby the risk of the insurers is made less is permissible,
but such variation shall not entitle the assured to any reduction in the Tariff Rates unless such special Rate has
been fixed.
Note :- The Regulations and Agreements section is applicable to this Tariff.
9.

Sailing Notice.
Following the submission of the Country Boat Policy Application from the shipper and/or the Insured must in
all cases on completion of loading which is in all cases limited to a period of Seven days-immediately notify the
insurers by means of the Sailing Notice form.

10. Limit in one Boat

No policy shall be issued for a sum exceeding Tk. 15,00,000/- (fifteen Lacs) without consent of the Marine
Rating Committee.
11. Eorms.
(A) Specimen of the standard Country Boat policy, (B) Specimen of Application for the Country Boat
policy and (C) Specimen of the Sailing Notice are given in this tariff and it is not permissible to after any of
the conditions, stipulations of the wordings thereof.
12. Cancellation of Voyage after loading.
In cases where either during loading or on completion of loading the insured applies for cancellation of the
cover granted, a Rate of 3/8% must be charged.
13. Limits of the port of Chittagong :
To the North-East
(a)

A line drawn across the river Karnafuli in a north 39' 39 west (true) direction
from a masonry pillar situated 1 miles above the railway bridge at Kalurghat on the left bank
of the river in the village Kadurkhil, to a pillar situated on the right bank or the river in the
village Guzara-Noapara.

(b)

A line drawn (true) across the river Halda from a masonry pillar situated on the

Marine Rating Committee

58

left bank of the river mile above the north in the village Guzara-Noapara to a pillar situated
on the right bank of the river in the village Mauhara.
To the North :A line drawn west (true) to a distance 2/5 miles from a boundary pillar which is situated
Latitude 22' 15 28 North, Longitude 91' 46 49 East, in the village Patenga.
To the South
A line drawn west (true) to a distance 1 miles from the boundary pillar which is situated 22' 9 50 North,
Longitude 91' 49 29 East, in the village Patenga.
To the West
A line joining the western extremities of the north-west and south limits of the port of Chittagong as defined
above.
These limits include so much of the river Karnafuli and the shore thereof as lie within fifty yards of high water mark at
ordinary spring tides.

Country Boat Premium Schedule.

From place to place in the same District
(Over 25 miles as the crow fillies)

2.85%

From a place in one District to a place in an

Adjoining District (Over 25 miles as the crow fillies)

3.55%

From a place in one District to a place in

Another District (not Adjoining)

5.70%

Voyages under 25 miles as the crow fillies

2.02%

Voyages over 3 miles and under 6 miles

1.00%

Voyages 3 Miles and under

0.50%

Rates for storages in Country Boats

Storage in Country Boats for first 7 days or part thereof 0.50% of the Tariff Rate.
An additional 0.50% of the tariff Rate for each 15 days thereafter.
In the event of Fire not being covered on Jute Hemp and Cotton, 25% discount from the above Rates will be allowed.

Marine Rating Committee

(A)
Policy No
Amount insured Tk.

59

Specimen of
COUNTRY BOAT POLICY
Marine @
SRCC @
VAT
Stamp duty
Total

Tk.
Tk.
Tk.
Tk.
Tk.

For the consideration hereinafter provided, and subject to the conditions and warranties herein specified does by these present hold
assured
as well in
own name as in that of
those to whomsoever the same may appertain, at and from
(subject
to
date
Clause
hereon)
In the sum of not exceeding Tk.
Say Taka
Upon
In the COUNTRY CARGO BOAT NO.
Whereof
son of
of village
in Manji and
the assureds Charandar and (subject to date clause hereon) beginning the
adventure upon the aforesaid interest from the loading thereof on board the said boat at, as aforesaid, and continuing during the time of
voyage as aforesaid, until landed or if not landed until 72 hours after the arrival of the said boat at destination (if Chittagong, within
Insurance limits of the Port) whichever may first occur.
And it shall be lawful for the said Cargo boat, within the limits of the said voyage, to proceed, touch and stay at any place whatsoever
if thereunto obliged by stress of weather of for the safety of the Cargo (not otherwise) without prejudice to the Assurance.
The adventures and Perils which the said insurer agrees to bear and take upon itself in this voyage are those arising from perils of the
Rivers and Inland Navigation but warranted free from average unless caused by the boat being sank or burnt. (Riot and Civil
commotion Seizures and Detentions by police, villagers or other persons, whether in authority or authority or otherwise, and the
consequence of any attempts thereat always excepted.)
And in case of any loss or misfortune it shall be lawful to the Assured, their Factors, Servants and Assigns to sue, labour and travel for
in and about the defence, safeguard and recovery, of the aforesaid subject-matter of this Insurance or any part thereof, without
prejudices to this Assurance, to the charges whereof the said insurer will contribute in proportion as the sum hereby insured is to the
whole amount at risk, and the acts of the Assured or of this insurer in recovering, saving or preserving the property assured shall not be
considered a waiver or acceptance of abandonment..
It is a condition of this Insurance that no other Insurance on the interest hereby insured has been or will be effected with any other
Underwriter or insurers.
Losses recoverable hereunder shall be payable by the insurer in Dhaka two months after adjustment and admission of the claim, which
shall be based on the market value of the interest insured at the date of the loss or on the insured value thereof, at the option of the
insurer.
And this insurer is content and does hereby hold itself bound to the Assured his or their Executors Administrators or Assigns, for the
true performance of the premises in consideration of the sum due to it for this Assurance, at the Rate of
%.
In no case shall this insurance, attach prior to
oclock A.M.
___ON THE _______197 , anything herein to the contrary not with
P.M.
Standing, and this insurer shall not be liable for any loss that may have happened before that time
In Witness whereof, WE ________________________________________________ have hereunto subscribed our Name in
Chittagong on this _________________________________________ day of 199___.

For and on behalf of

Marine Rating Committee

No. _______
(B)

60

Specimen of
APPLICATION FOR COUNTRY BOAT POLICY

___________________________________________
___________________________________________
____________________________________19______
To _________________________________________
___________________________________________
Dear Sirs,
Please grant me/us policy, subject to the usual terms and conditions of your country Boat Policies as follows Via :
Boat No._________Manjis Name _________Son of ___________Village ______________
Charundars Name_____________Place of loading _____________________Ghat or
Hat. (This must be some well known and recognised place of loading) village nearest Post office __________
Thana_________
District
_______________
Date
of
loading
Commenced
___________Destination__________________Cargo _____________
Bales/or________Jute weighing_________Quintal _______K.g._______ and marked
Name of Bapari/Mokami _________________Policy to be in the name of __________
INCLUDING FIRE RISK/EXCLUDING FIRE RISK (of which I/we agree to bear 25% at my/our entire Risk)
I/We hereby agree to pay the premium for this insurance at tariff Rates, within seven days from the date of
despatch of the policy.
This declaration must be signed by
The applicant in person.

Tk.________________ @ % = Tk. :

:
:
: Policy No.______________.
______________
Tk. :

Agents Name ________________________________

___________________________________________________________________
* Here state quality or name of the jute.
Specimen of

Sailing Notice

___________________________________________
___________________________________________
____________________________________19______
To _________________________________________
___________________________________________

Marine Rating Committee

61

Dear Sirs,
Referring to my/our application for insurance date ____________ for a Shipment of _________ jute valued at Taka
_____________ Per __________ Manjis boat, I/we now beg to inform you
That the actual amount shipped is ________________________ Bales of ______________
Jute weighing _________ quintal __________ K.g._________ valued at Taka ___________ which is kindly note and
oblige.

Yours Faithfully,
____________________
____________________

Country Boat Tariff

Section 10
Applicable to Cargoes Carried by Country Boat.
All Cargoes carried by Country Boats (Mechanised /Non-Mechanised) shall be insured subject to the conditions and Rates etc., laid
down hereunder.
1.

Country Boat Clauses

Risks Covered
(1)
This insurance covers except as provided in clauses (2), (3),(4) and (5)
1.
Loss of or damage to the subject matter insured reasonable
attributable to
1.1
Country Boat being burnt
1.2
Country Boat being stranded or sunk
1.3
Overturning collision.
Exclusions
(2)
In no case shall this insurance cover
2.1

Loss, damage or expense wilfully caused by or due to unlawful conduct

or negligence or misbehaviour on the part of the Tindal/Manjee or ht crews
or the owner of the boat or shippers or consignees.

2.2

Loss, damage or expense arising out of detention, seizure or any acts of any
Government in consequence of the boat being engaged in illicit or contraband
trade.

Risks Clause

Marine Rating Committee

62

2.3

Ordinary leakage, ordinary loss in weight or volume or ordinary wear and tear
of the subject matter insured

2.4

Loss, damage or expense caused by insufficiency or unsuitability of packing or

preparation of the subject matter insured (for the purpose of this clause 2.5
packing shall be deemed to include stowage in a container or lift van but only
when such stowage is carried out prior to attachment of this insurance or by the
Assured or their servants)

2.5

Loss, damage or expense caused by inherent vice or nature of the subject matter
Insured

(3)

2.6

Loss, damage or expense proximately caused by delay, even though the delay be
caused by a risk insured against.

2.7

Loss, damage or expense arising from insolvency or financial default of the owners
managers charters or operators of the boat.

2.8

Loss, damage or expense arising from the use of any weapon of war employing
atomic or unclear fission and/or fusion or other like reaction or radioactive force or
matter.

2.9

In case the voyage necessitates the boat lying at any Railway Terminus Ghat (such
as Goalundo, Khulna or Lal Gola) fire risk on Jute and/or Hemp and/or Cotton in
the said boat shall not be covered hereunder after contrary not withstanding).
Nevertheless such fire risk may be covered for a period not exceeding 72 (Seventy
two) hours after the mooring in good safety of such boat provided telegraphic advises
of the said boat are despatched to the insurer within 6(six) hours of such arrival. But
in no case shall risk of fire attach to interest whilst on shore whether pending loading
into Railway wagons or otherwise.

In no case shall this insurance cover

3.1

3.2

Un-seaworthiness
and Unfitness
Loss, damage or expense arising from unfitness of boats for the safe Exclusion Clause
carriage of the subject matter insured, where the Assured or their
servants are privy to such unfitness, at the time the subject matter
insured is loaded therein.
The Underwriters waive any breach of the implied Warranties of fitness or
the boat to carry the subject matter insured to destination, unless the
Assured or their servants are privy to such unfitness.

(4)

In no case shall this insurance cover loss damage or expense caused by

4.1
War, civil war, revolution, rebellion, insurrection, or civil strife, arising
There-from, or any hostile act by or against a belligerent power.
4.2
Capture, seizure, arrest, restraint, or detainment and the consequences
thereof or any attempt thereat.
4.3
Derelict mines torpedoes bombs or other derelict weapons of war.

War
Exclusion
Clause

(5)

In no case shall this insurance cover loss damage or expense

5.1
Caused by strikers, locked-out workmen, or persons taking part in labour
Disturbances, riots or civil commotions.
5.2
Resulting from strikes, lock-out, labour disturbances, riots or civil
commotions.
5.3
Caused by any terrorist or any person acting from a political motive.

Strike
Exclusion
Clause

Time Bar
(6)
In no case shall this insurance cover loss damage or expense after the expiration
of 6(six) months from the date of occurrence of the loss or damage unless the
suit is filed against the insurer within this period.
(7)

(8)

This insurance attaches from the time the Cargo insured is loaded on the Boat at
the Ghat/Port named in the policy and continues during the ordinary course of
voyage and ceases on landing or the Cargo or 72 hours after arrival of the boat
at the final port destination named in the policy, whichever is earlier.
In the event of the boat carrying the Cargo insured being forced to take shelter in
Ghat/Port other than the Ghat/Port of destination mentioned in the policy due
To accident or mishap or stress of weather and discharges the Cargo at such
Ghat/Port or the Cango is transhipped into another boat the insurance hereunder
shall cease from the time the Cargo is discharged over-side the boat. In the event

Transit
Clause

Termination any
of Adventure
Clause

Marine Rating Committee

63

of the Cargo remaining in the boat and the voyage not being abandoned, the cover
shall continue for a period of 7(seven) days from the time the boat takes shelter.
Claims
(9)

Insurable
Interest
9.1

In order to recover under this insurance the Assured must have an

Insurable interest in the subject matter insured at the time of the loss.

9.2

25% of the insured value shall be at the risk of the Assured irrespective
of interest insured hereby and loss or damage due to whatsoever nature
and that in no case the liability of this insurer shall exceed 75% of such
value.

9.3

Subject to 9.1 above, the Assured shall be entitled to recover for insured
loss occurring during the period covered by this insurance, notwithstanding
that the loss occurred before the contract of insurance was concluded,
unless the Assured were aware of the loss and the underwriters were not.

9.4

In the event of loss :(a)

The Manji or charandar must immediately report such occurrence
to the nearest police Out post, Thana or Station.
(b)
After report has been made to the police, the Manji or Charandar
shall Proceed to the nearest Telegraph Office and report the loss
by telegraph Office and report the loss by telegram to the insurer
at Dhaka or to other office of the insurer who may be nearest to
the scene of the accident.
(c)
The assured shall, within 14 (Fourteen) days of the happening of
such loss, furnish to the insurer a statement and account of such
loss, showing where adb how such loss occurred, together with the
Manjis protest or written statement made before a Magistrate.
(d)

The assured shall furnish and produce to the insurer or to its

representatives, such other evidence, books of accounts, or
documents as they may reasonably require, and also, if
required, the Manji and/or Charandar and/or all or any or the
crew.

(e)

Every statement of, or in connection with any loss made by the

Assured or by his servants or Agents shall be full, complete and
truthful, with no concealment or misrepresentation of any kind.

Clause

Benefit of Insurance.
(10)

Not to inure
Clause

This insurance shall not inure to the benefit of the carrier of other Bailee.

Minimising Losses
(11)

It is the duty of the Assured and their servants and agents in respect of loss
Recoverable hereunder
11.1
To take such measures as may be reasonable for the purpose of
Averting or minimising such loss, and
11.2

Duty of
Assured
Clause

To ensure that all right against carriers Bailees or other third parties are
Properly preserved and exercised.

And the Underwriters will, in addition to any loss recoverable hereunder,

Reimburse the Assured for any charges properly and reasonably incurred in
Pursuance of these duties.
(12)

Measures taken by the Assured or the Underwriters with the object of saving
Protecting or recovering the subject matter insured shall not be considered as
Waiver or acceptance of abandonment or otherwise prejudice the right of either
Party.

Waiver
Clause

Avoidance of Delay
(13)

Reasonable
Despatch

It is a condition of this insurance that the Assured shall act with reasonable despatch
In all circumstances within their control.

13.1 Loading shall be completed within 7(seven)days and voyages shall

commenced without delay, and shall not deviate from the customary
route not delay upon the voyage.

Clause.

Marine Rating Committee

13.2 The assured shall not be detained in the Canal after receipt of the
toll pass, and no delay shall occur in obtaining such pass.
(14)

In the event of the interest hereby insured being brought into Chittagong by Rail
the risk of river delivery in Chittagong is not covered under this policy unless
specially provided hereon in writing, in which case boat risk in Chittagong will be
subject to all the terms and conditions of this policy.

(15)

That for the purpose of this policy, the term Insurance limits of the Port of
Chittagong shall be deemed to be as follows :To the North East
(a)
A line drawn across the river Karnafuli in a north 39' 39 west (true)

Direction from a masonry pillar situated 1 miles above the railway

bridge at kalurghat on the left bank of the river in the village Kadurkhil,
to a pillar situated on the right bank or the river in the village
Guzara-Noapara.
(b)

A line drawn west(true) across the river Halda from a masonry pillar
situated on the left bank of the river mile above the south in
the village Guzara-Noapara to a pillar situated on the right bank
of the river in the village Mauhara.

To the North:A line drawn west (true) to a distance 2 and the miles from a boundary
pillar which is situated Latitude 22' 15 28 North, Longitude
91' 46 49 East, in the village Patenga.
To the South
A line drawn west (true) to a distance 1 miles from the boundary
pillar which is situated 22' 9 50 North, Longitude 91' 49 29 East,
in the village Patenga.
To the West
A line joining the western extremities of the north-west and south limits
of the port of Chittagong as defined above.
These limits include so much of the river Karnafuli and the shore thereof as lie
within fifty yards of high water mark at ordinary spring tides.

16.

Restrictions: No smoking or cooking shall be carried on in the said Boat, nor shall naked lights be used.

17.

All claims shall be supported by the following documents

a)
b)
c)
d)
e)
f)
g)
h)
i)

Original Insurance Policy

Manjis /Tindals Note of protest on stamped Paper
Copy of first information report lodged to the Police
Original final police investigation report.
Original copy of Invoice/Boat Chalan.
Original Survey Report
Meteorological Report from the concerned Authority (if necessary)
Claim Bill in triplicate.
Any other documents if required by the insurer.

64

Marine Rating Committee

65

Export Tariff
Section - 11

Marine Rating Committee

66

EXPORT TARIFF
PREMIUM RATES FOR EXPORT BY SHIP.
SECTION - 11

Rate Schedule No.1

The Rates are from warehouse to warehouse.
Sl.
No.
1.

Type of Goods

Nature of Cover

Rates

Crushed bone in gunny bags

ICC A

1.00%

2.

Stainless steel cutlery

ICC B
ICC C
ICC A
ICC B
ICC C

3.

Spirit
Steel Drum
Plastic carboys Glass
carboys.
ICC A

0.60%
0.40%
0.85%
0.55%
0.35%
A
1.50
2.50
3.00
1.00%

ICC B

0.70%

ICC C
ICC A
ICC B

0.40%

ICC C
ICC A
ICC B
ICC C

0.35%

4.

5.

6.

7.

Rice

Iron Billets

Fertilizer

HDPE T-shirt Bags Embossed & Blocked

ICC A
ICC B

1.00%
0.70%

1.25%
0.80%
0.40%
0.50%
0.45%

(with 1% excess on the whole

shipment)

(
(
(
(
(

B
1.00
1.50
2.25

C
0.60
0.90
1.50

)
)
)
)
)

(1% excess on the Whole

Consignment)
(1% excess on the Whole
Consignment)

(Shipment by weight will be

subject to 1% excess on the whole
shipment) for A & B
(1% excess on the Whole
Consignment)

Marine Rating Committee

8.

Edible oil

9.

Padding

10.

Machineries and other items used for

construction/other works in Bangladesh &
returned back.

11.

Tooth Pick & Tooth Brush

12.

Ball Pen

13.

All Ceramic items

14.

Polythene Bags

15.

Aerosol Spray

16

Cow-guts (dried)

17

Timber Logs

18

Potato in bag in refrigerated Vessel

67
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC B + TPND
ICC C
ICC C + ND
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C

0.35%
1.25%
0.70%
0.40%
0.60%
0.50%
0.35%
2.00%
0.70%
1.00%
0.40%
0.60%
0.50%
0.40%
0.30%
0.70%
0.60%
0.35%
2.00%
0.70%
0.40%

ICC A
ICC B
ICC C
ICC A
ICC B
ICC B + TPND
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A

0.50%
0.45%
0.35%
0.75% (Excluding any loss of weight)
0.50% (Excluding any loss of weight)
0.60% (Excluding any loss of weight)
0.30%
0.80%
0.50%
0.30%
0.50%
0.45%
0.30%
1.25% (5% excess on each &

ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A

0.60%
0.40%
0.80%
0.60%
0.40%
0.80%
0.60%
0.30%
0.80%
0.60%
0.40%
4.00% (10% excess on each &

ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A

2.00%
0.50%
1.50%
1.00%
0.35%
1.25%
1.00%
0.35%
1.00%
0.75%
0.30%
0.80% (in case of bulk shipment)

(1% excess on A & B)

every claim.) in A & B

19

Salted boiled dried shell-less Prawns.

20

Bees Wax

21

Catechu

22

Fresh fruits & vegetables in Air

Conditioned Chamber.

23

Spices in polythene bags

24

Spices in other bags

25

Spices in tins

26

Pulse

every claim.) in A & B

Marine Rating Committee

27

Handicrafts

28

Dry fish in polythene bags

29

Fire bricks

68
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A

0.60% (1% excess on sum insured)

0.35%
0.75%
0.50%
0.30%
1.00%
0.60%
0.40%
10.00% (1% excess on the Whole

ICC B
ICC C
ICC A
ICC B
ICC C

3.00%
0.50%
0.75%
0.55%
0.35%

shipment)

30

Super Enamelled copper wire

31

Frozen frog legs prawn & shrimps in

refrigerated Vessel

32

Match Boxes

33

Chillies

34

Turmeric, Corriander seed & dry ginger in

bags

35

Chillies & Turmeric Powder in polythene

bags

36

Chillies & Turmeric Powder and dry fish in

tins

37

Betel (pan) & Raw ginger.

38

Dry Coconut & Tamarind

39
40

Tamarind seed, Broom of all kinds &

Broom sticks coconut kernel and coir
products and bamboo products.
Nylon waste (in gunny bags)

41

Paper

42

Hides & skin in bundles and oil cake in

bulk

43

Cotton (Karpas) & Kapok

44

Tobacco

ICC A
ICC B
ICC B + TPND
ICC C
ICC C + ND
ICC A
ICC B
ICC C
ICC A
ICC B+ TPND
ICC B+ ND
ICC C
ICC C + ND
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
TP
ND
ICC C
ICC A
ICC B
ICC C
ICC A

3.50%
0.70%
1.20%
0.50%
0.85%
1.00%
0.60%
0.40%
1.25%
0.75%
0.55%
0.30%
0.40%
1.25%
0.70%
0.40%
1.50%
0.75%
0.40%
0.90%
0.50%
0.40%
1.00%
0.70%
0.40%
0.90%
0.60%
0.40%
0.50%
0.40%
0.30%
0.80%
0.60%
0.40%
1.00%
0.70%
0.40%
1.00%
0.60%
0.25%
0.15%
0.30%
0.50%
0.45%
0.35%
0.75%

(Excluding rejection Clause)

(including atmospheric effects)

(2% excess on each &

every claim.)

Marine Rating Committee

45

Fish maws
Shark fins

46

Naptha, Molasses, Herbs & Crude drugs.

47

Porcelain-ware

48

Films & Gramophone records

49

Waste hair, fur & waste cotton

50

Books & Journal News paper and used

postage stamps

51

Rayon yarn and silk fabrics

52

Leather products, shoes, specialised Textiles

and Ready made garments

53

Telephone & Electric Wires, Electric Fans,

Handicrafts Haricane & Musical
Instruments.
Cosmetics, Detergent Powder, Honey, Fruit
Juice, Medicines, Cellophane of Glycerine.

54
55

Electric Bulb

56

Mosquito Coil

57

Finished Leather

58
59

Equipments for Telephone exchange with

digital set, PABX set, TVR, Fax Machines,
Microwave Oven.
Tortoise Shell

60

Rice bran and wheat bran in bags

61

C.I. Sheet in crate & bundles

62

Frozen Fish

69

ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC B + ND
ICC C
ICC C + ND
ICC A
ICC B
ICC B + ND
ICC C
ICC C + ND

0.40%
0.30%
0.80%
0.40%
0.30%
0.80%
0.40%
0.30%
2.00%
0.50%
0.30%
0.75%
0.50%
0.30%
0.60%
0.50%
0.30%
0.60%
0.45%
0.30%
0.50%
0.45%
0.30%
0.50%
0.30%
0.25%
0.75%
0.40%
0.30%
0.75%
0.40%
0.30%
4.00%
3.00%
0.50%
1.00%
0.90%
0.50%
0.40%
0.25%
0.20%
2.00%
1.50%
0.50%
0.50%
0.40%
0.30%
0.50%
0.40%
0.30%
0.80%
0.55%
0.65%
0.40%
0.50%
5.00%

(Without rejection Clause

Attachment of the risk is subject to the
condition that necessary clearance is to
be obtained from the Rating Committee
in respect of each & every shipment
prior to loading.)

0.75%

Marine Rating Committee

63

Dry cell Battery

64

Sanitary goods

65

Melamine

70

ICC A
ICC B
ICC C
ICC A
ICC B
ICC C
ICC A
ICC B
ICC C

1.20%
0.50%
0.85%
1.25%
0.70%
0.50%
2.40%
2.00%
0.50%
1.15%
0.60%
0.40%

PREMIUM RATES FOR EXPORT BY AIR

Rate Schedule No. 2
The Rates are from Warehouse to Warehouse
Sl.
No.
1

Type of Goods

Nature of Cover

Rates

Stainless steel cutlery

Air All Risks

0.70%

HDPE T-shirt Bags Embossed & Blocked

Air All Risks

0.90%

Dry Cell Battery

Air All Risks

0.90%

Padding

Air All Risks

0.50%

Tortoise

Air All Risks

0.40%

Betel (Pan) & Raw ginger

Air All Risks

1.00%

Dry Ginger

Air All Risks

0.80%

Dry Coconut & Tamarind

Air All Risks

0.80%

Tamarind Seed, Broom of all kinds & Broom sticks coconut

kernel & coir Products & bamboo products

Air All Risks

0.80%

10

Cotton (Karpas) & Kapok

Air All Risks

0.60%

11

Porcelain-ware

Air All Risks

2.00%

12

Films & Gramophone Records

Air Risks only

0.60%

13

Books & Journals, Newspaper & used Postage Stamps

Air All Risks

0.60%

14

Leather Products, Shoes, Specialised textiles and Readymade

garments

Air All Risks

0.40%

15

Telephone, Electric Wires, Electric Fans Handicrafts, Haricane &

Musical Instruments.

Air All Risks

0.75%

16

Cosmetics, Detergent Powder, Honey, Fruit Juice, Medicines,

Cellophine of Glycerine.

Air Risks only

0.60%

17

Mosquito coil

Air All Risks

1.00%

18

Flower

Air All Risks

1.25%

19

Finished Leather

Air All Risks

0.40%

20

Pink Pearl

Air All Risks

1.50%

21

Polythene Bags

Air All Risks

0.50%

22

Tortoise Shell

Air All Risks

0.40%

23

Fishmaws and Sharkfins

Air All Risks

0.60%

24

Rice bran and Wheat bran in bags

Air All Risks

0.40%

25

Rayon Yarn and silk Fabrics, Cotton yarn, Jute Yarn

Air All Risks

0.50%

Marine Rating Committee

26

71

Export of By-cycle

Air All Risks

Air Risks only.

0.70%
0.20%

PREMIUM RATES FOR EXPORT BY LAND

rate schedule no.3
the rates are from Bangladesh to India, Nepal & Bhutan.

1
2

Extra Hazardous Goods as

per Inland Tariff Description
0.50%
1.40%

Rail/Lorry/Truck Risks only

Rail/Lorry/Truck All Risks

Export of Sugar in Bulk

Any Other Goods.

0.40%
1.00%

1.25% (With 1% excess on the whole

shipment)
0.60%

)
ICC C + ND (
0.40%
(

)
ICC C
ICC A

Per Bottom Limit -Tk. 30 Crore

Export of By-Cycle

ICC A
ICC B
ICC C

1.00% (
0.75% (
0.30% (

)
)
)

Marine Rating Committee

72

Shut-Out Cargo Tariff

Section - 12

Shut-Out Cargo Tariff

Section 12

1.
2.

This tariff applies to all Cargoes, (other than TEA, insured under Tea Crop Policy in terms of the
Tea Market Agreement) which one being shut out by the overseas vessel.
The cover is to be granted as an extension of Inland Transit Policy.
Shut Out Cargo
Rates for shut-out Cargo-

N.B.

(i)

Craft/Raft/Lighter/Barge in mid-stream. 50%

of the original rate for return journey.

(ii)

Storage Risk

for storage of shutout cargo for two

weeks or part thereof while awaiting
shipment by another Vessel from the
date of rejection the rate will apply on the
value of the shut out cargo.

20%

When the goods are returned to Shippers warehouse involving Rail/Road Transit, appropriate full premium as
per Inland Transit (Rail or Road) Tariff shall become chargeable for the return journey in addition to the above.

Marine Rating Committee

73

INLAND
MARINE HULL TARIFF
Section 13

MARINE RATING COMMITTEE

OF
BANGLADESH.

Marine Rating Committee

74

INLAND
MARINE HULL TARIFF
Section 13
1.

Hull

: For the purpose of this Tariff Hull Includes Hull, Machinery, Tackle, refrigeration machinery
and any auxiliary equipment.

2.

Scope of the Tariff : a)

This Tariff is applicable to all Vessels operating in Inland Waterways.

Estuaries and coastal Waters of Bangladesh.
b)

Inland Time Clauses (Hulls) cover will be restricted to steel body Vessels up to
20 (Twenty) years of age.

c)

Inland Time Clauses (Hulls) is strictly prohibited for wooden Vessels both
powered & non-powered.

d)

All Hull policies shall be subject to a compulsory deductible @ 1.00% on the sum
insured with a minimum of Tk.1,00,000/- (One Lac) in respect of each & every
claim including sue, labour & Salvage charged but excluding Total loss or
constructive Total Loss.

3.

Regulations & Agreements : Section is applicable to this Tariff except where otherwise varied by the
provisions hereinafter included.

4.

Trading Limit : The Rate apply only to Vessels operating or plying in Bangladesh. For voyage (s) between
Bangladesh adjoining provinces of India Viz-west Bengal, Assam, Tipara, Estate, Meghalaya
and Bihar the following additional premium must be charged.
i)

For annual term 20% of the original premium.

5.

Cancellation Returns:

Policies may be cancelled allowing prorate monthly return of premium for each
un-commenced month but subject to a minimum retention of 25% of the annual
premium

6.

Short period policies

May be issued as per short period scale shown below.

For a period not exceeding 1 month 20 percent of the annual Rate.

Marine Rating Committee

For a period exceeding

75

1 month but not exceeding

2

2 months 30 percent of the annual Rate

40

4
50

60

70

75

80

85

12

Full Annual Rate

Short period policies may be extended for further short periods by charging additional premium on short period scales and each
extension should be treated as a fresh proposal and Rated as such. However, on short period policy should be so extended as to make
the total period under such policy exceed twelve. Months.
7.

Time and Voyage: The Rates in this tariff apply to time policies only. Policies covering a specific
voyage within the Trading Limit should be issued as short period time policies.

8.

Warranties :

A)

All policies must be subject to the following Warranties: -

i)

Warranted that the Vessel complies with all Government Regulations regarding
Navigation and safety as in force.

ii)

Warranted that when laid up the Vessel must have a watchman on board.

iii)

Warranted that all powered Vessels shall be in possession of a valid survey certificate issued
by the Government surveyor or other such Authority.

iv)

Warranted that dumb-craft shall only be operated under a valid annual license issued by the
Government of the Peoples Republic of Bangladesh.

v)

Warranted tat powered Vessels shall not engage in towage operation except in accordance with
the Rules Governing tows as laid down be the BIWTC.

vi)

Towing charges if any shall be limited to BIWTCS towing charges schedule current.

B)

All policies covering Fishing Vessels must be subject to the following warranty:-

i)

Warranted loss of net covered only when the Vessel it-self is total loss only.

ii)

That the Fishing Vessels are allowed to ply within economic Zone of
Bangladesh but shall not proceed beyond the South of 20 Degrees North in the
Bay of Bengal.

Fleet Discount : Will be considered by the Committee for fleets only consisting of not less than 5
Vessels, the aggregate value of which should not be less than Tk .3.00 Crore.

10

Rates :

ii)

a)

The following Rates shall apply for TLO (With Sue, Labour & Salvage charges) and Inland
time Clauses as per appropriate Time Clauses (Hull) but there shall be no lay-up return under
the Clauses.

b)

Payment of Inland Marine Hull Premium in 4(four) equal instatements is allowed- (Circular
No. Marine-33/2001 dated 14.05.2001)

The vessels aged up to 40 years may be covered under T.C. Hull with a loading of Tk.0.25 for each year exceeding
25 years considering excellent performance of the clients as to premium payment and loss experience and subject
to satisfactory certificate by the following classification societies :
1.

Lloyds Register of Shipping

2.

American Bureau of Shipping

3.

Bureau Veritas

Marine Rating Committee

4.

China Classification Society

5.

Garman Ischer Lloyd

6.

Korean Register of Shipping

7.

Russian Maritime Register of Shipping

8.

Nippon Kaiji Kyokai

9.

Det Norske Veritas

10.

Registro Italiano Navale.

76

FLEET DISCOUNT ON VESSELS GROUPWISE EXCLUDING WOODEN VESSELS

GROUP
A
B
C

NO. OF VESSEL
5 to 10
11 to 20
21 to 50 & above

Circular No. M-44/2003 Dated 06.10.2003.

DISCOUNT IN PERCENTAGE
5%
10%
15%