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Update of Marine Cargo Insurance to Iraq Max Zaccar

Update of Marine Cargo Insurance to Iraq Max Zaccar. Heading (Min font size: Arial 36pt). Text (Min font size: Arial 24pt). Heading (Min font size: Arial 36pt). Text (Min font size: Arial 24pt). The Present Situation. Oil for Food Program (OIP). Established in 1990.

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Update of Marine Cargo Insurance to Iraq Max Zaccar

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  1. Update of Marine Cargo Insurance to Iraq Max Zaccar

  2. Heading (Min font size: Arial 36pt) • Text (Min font size: Arial 24pt)

  3. Heading (Min font size: Arial 36pt) • Text (Min font size: Arial 24pt)

  4. The Present Situation

  5. Oil for Food Program (OIP) • Established in 1990 • Discontinued on the 22 November 2003 • Confirmation of delivery now signed by Cotechna, CPA and Iraqi Authorities • Last shipments October 2004

  6. Cargo to Iraq • All kinds of civilian cargo • Equipment and spare parts for the country infrastructure

  7. Means of Shipment • Air • Sea • Land

  8. Land Transit to Iraq • All routes to Baghdad are about 600 km

  9. Land Transit to Iraq • All routes to Baghdad are about 600 km • Dangerous strip is 200 km

  10. Types of Claims • Very few truck accidents • Attacks on cargos for the CPA • Hijackings of other cargos

  11. Truck Companies • Dedicated truck companies • DHL regular service

  12. Marine Insurance • All Risk for air, sea, land • Land transit All Risks includes Piracy and Malicious damage

  13. War and Strikes • The London clauses • The AWRIS clauses

  14. Hijackings and Thefts

  15. Recoveries

  16. Conclusion • Terrorist attacks or hijackings? • Insurance conditions • Reputable truck company • Transit in convoys • Coverage limited in time

  17. Heading (Min font size: Arial 36pt) • Text (Min font size: Arial 24pt)

  18. Heading (Min font size: Arial 36pt) • Text (Min font size: Arial 24pt)

  19. Unless a dramatic change occurs on the security level, cargo to Iraq will unfortunately have to travel without insurance in the near future.

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