Marine Insurance. Express shipments passing over ocean routes are not insured by the express companies against loss arising from perils of the sea, unless marine insurance is purchased by the shipper in addition to the regular express charge. The cost of marine insurance may be ascertained by referring to the table of rates covering foreign shipments on pages 82-89. Marine insurance covers losses arising from accidents at sea, loss of vessel, jettisons, fire, piracy, thieves, barratry of master or mariners, and the enemies of the government. The charge assessed by the express companies for marine insurance does not cover the regular express charges on valuation, but is additional thereto. EXAMPLE. Shipment weighing 20 lbs. from Providence, R. I., to Liverpool, England, via New York, valued at $125.00, with Marine insurance to the amount of $100.00, would be rated and cost as follows: Express Charge, Providence to New York, 20 lbs.. Express Charge, New York to Liverpool, 20 lbs.. Express Charge, Extra Valuation at .40 per $100. Total cost through.. $ 45 .SO .80 .30 $2.35 The rates on foreign shipments given on pages 82-89 are from New York; therefore it will be necessary to add the express charge from point of shipment to New York to the amount given in the table of rates above mentioned. Express shipments forwarded C. O. D., the value of which exceeds $50.00, an extra charge will be made for excess valuation as per schedule on page 11. Foreign shipments by express upon which manifest shows value in excess of $50.00, an extra charge will be made for the excess valuation as per schedule on pages 82-89. |