Helicopter Parts Go Missing
A major logistics provider was moving demobilised helicopters from Honiara (Solomons) back to Brisbane (Australia) on behalf of the Australian Government, when a container of 99,426 Bell 412 helicopter parts went missing.
The insured reported the container stolen in Brisbane and made a claim for AUD3,035,117. It told us it had intended to transport the parts from Brisbane to Sydney once inspections and upgrades to three of the helicopters had been completed. The key issue was to determine whether the transit had completed at Brisbane (in which case theft occurred after cover had terminated) OR continued until delivery to Sydney (in which case the theft was covered).
Integra undertook complex investigations into the insured’s demobilisation supply chain procedures and transit documents. Our loss adjusters identified and assessed the records from the insureds and police, took detailed statements from the insured’s staff and third parties and interpreted the applicable Policy Institute Cargo Clauses wording. We established that, since the initial transit from Honiara to Brisbane had been completed by the time of the theft, the claim was declined.