Our exporter exported a load of cargo to a Middle-east country under CIF terms and covered WPA in additon to TPND, but the vessel was detained as a result of the Iran-Iraq war. The importer lodged a claim to the insurance company. Can the importer be compensated? Are the following analysis correct?
A.
TPND refers to the cargo being stolen partially or totally and leads to non-delivery by the consignee at destination.So the insurance company shall not compensate,from this instance..
B.
Wanting to get compensation ,failure to deliver risk shall be covered
C.
Only we covered War Risk,can we get compensation from the insurance company
D.
In this instance,the importer can get compensation from the insurance company