Insurance

​Izzyship is not liable for any delay shipments from the period of the Parcel and/or Cargo departed from Izzyship’s China Warehouse to the destination address provided by you.

 

AIR FREIGHT

1. Insurance: the total value per consignment note in respect of such shipment exceeding RM500.00, the sender may purchase an insurance policy with Handling Insurance Coverage; HIC, from Izzyship to insure his own goods at a rate of 1% of the shipment total value. Optional HIC is made available upon request.

2. Liability Terms: upon loss or damage, Izzyship’s total liability in respect of such shipment shall be limited to its actual cost or value but in any event shall not exceed RM200.00 (“Indemnity”). Upon the goods of the indemnified party are compensated, the Indemnity will no longer have the ownership of the damaged goods.

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SEA FREIGHT

1. Insurance: the total value per consignment note in respect of such shipment exceeding RM500.00, the sender may purchase an insurance policy from Izzyship to insure his own goods at a rate of 0.3% of the shipment total value; minimum RM100.00 per invoice. Optional HIC is made available upon request.

2. Liability Terms: upon loss or damage, Izzyship’s total liability in respect of such shipment shall be limited to its actual cost or value but in any event shall not exceed RM500.00 (“Indemnity”). Upon the goods of the indemnified party are compensated, the Indemnity will no longer have the ownership of the damaged goods.

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b. The insured items under our insurance policy shall exclude the following:-

• bullion;

• cash securities and other cash equivalents;

• goods which are banned, prohibited or otherwise excluded by any law, regulation or statute of any jurisdiction from which the property is collected, delivered, or through which the property is transported;
  live animals or plants;

• perishable goods (including any frozen/refrigerated goods);

• precious jewellery, metals, stones;

• temperature sensitive goods;

• any property which the Policyholder and/or Transport Provider specifically excludes from shipment under the Consignment Note / CNID, and any liability arising from the shipment of such excluded property;

• antiques works of arts, specie/fine art, curios;

• alcohol beverages;

• tobacco products;

• micro chips, precision tools, high-tech and sophisticated machinery;

• lead/tin ingots, chinese herbs, chinese medicine;

• bulk cargo of all types without packing - including all chemicals, oil or oil products;

• fragile items including but not limited to glass items, laboratory materials, musical instruments, porcelains, optical instruments;

• all ordinance equipment; or

• explosive foods of a dangerous nature;

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c. Izzyship shall not be liable for any loss, damage or expenses caused by the delay, even though the delay may be caused by a risk insured against.
 

d. Izzyship shall not be liable for any loss, damage or expenses caused by insufficiency or unsuitability of packing or preparation by the sender for any Parcel, Small Parcel or Bulk Cargo.