OREANDA-NEWS. July 21, 2011. Ingosstrakh Insurance Company Arkhangelsk branch sold two policies to Belomortrans CJCS, a large Russian transport logistics company.

The first policy for the amount of EUR 2.7 million covers transportation of a crawler excavator to be operated at V. I. Grib diamond field. The insurance is provided on conditions „No damage liability, except for wreckage” including losses due to theft, robbery and armed assault. Insurer’s liability starts at commencement of loading, continues during the whole period of river and truck transportation and ends after the cargo handover at the destination point. The cargo will be transported by Uragan heavy towing machine and an ramp barge, a tow boat with a platform.

The second policy covers transportation of industrial equipment (moulding press) from USA to Russia for the amount of USD 640,000. The cargo is transported by truck, sea and railway transport at the route of Houston (USA), Antwerp (Belgium), Arkhangelsk (Russia), Chapayevsk (Russia). The transportation is covered on „All risks included” conditions, including temporary storage.

Ingosstrakh Insurance Company Arkhangelsk branch cooperates with Belomortrans CJCS since 1992.