Section II: Insurance on goods transported by all modes of transport

Goods are insured either by a policy valid for one journey only, or by a policy operating on the basis of a declaration of supply.

The insurance of transported goods has no effect when the risks have not begun within two months of the commitment of the parties or of the date fixed for taking over. This provision is only applicable to policies operating by declaration of foodstuffs for the first foodstuff.

Goods are insured without interruption, wherever they may be, within the limits of the journey defined in the policy.

Goods may be surrendered if they are : 1° totally lost ; 2° Lost or damaged up to three quarters of their value; 3° Sold en route due to material damage to the insured objects as a result of a covered risk.

It may also take place in the following cases 1° If the ship is unseaworthy and if it has not been possible to start transporting the goods by any means of transport within three months; 2° No news of the vessel for more than three months.

In the event that an insured who has taken out a policy operating by declaration of foodstuffs has not complied with the obligations laid down by decree, the contract may be cancelled without delay at the request of the insurer, who shall also be entitled to the premiums corresponding to the undeclared shipments. If the insured is in bad faith, the insurer may exercise the right to recover payments made…

Suspension and cancellation for non-payment of a premium in respect of property insurance contracts covering damage to goods carried shall have no effect in respect of bona fide third parties who are beneficiaries of the insurance by virtue of a transfer made prior to notification of the suspension or cancellation. In the event of a claim, the insurer may, by means of an express clause contained in the documentary endorsement,…