RMA Transit Insurance Schedule

The liability of the insurers is limited as follows:

• Livestock: $5,000 limit anyone animal, $350,000 any one loss or series of losses arising from the one event.
• Stud Stock: Registered (pedigree) livestock used for breeding purposes, $35,000 any one animal subject to a maximum sum insured limit of $350,000 any one loss or series of losses arising from the one event

Subject to the terms and conditions of the NTI Cargo Protect Accidental Damage Insurance Policy Wording (NTI286A (01/11/2023)

The Insured Transit is deleted and replaced by:

The Insured Transit

Transit within Australia including movement of Livestock on foot incidental to transit and loading or unloading in preparation for transit.

Commencement of cover

In respect of insured Livestock:

• that You purchase at auction or online auction, cover commences from the time You acquire ownership
• that You send to auction, cover commences when each animal enters the conveyance or its loading ramp for the commencement of the Insured Transit
• that You sell privately, cover commences when each animal enters the conveyance or its loading ramp for the commencement of the Insured Transit
• that You purchase privately, cover commences when each animal enters the conveyance or its loading ramp for the commencement of the Insured Transit, and
• that You move for agistment or consignment to abattoir, cover commences when each animal enters the conveyance or its loading ramp for the commencement of the Insured Transit.

Continuation of cover

In regard to any of the Insured Transit described above, insurance will continue during the ordinary course of transit and for up to seven days whilst the insured Livestock are being transhipped or are being spelled.

If the insured Livestock are not sold, cover continues during the return transit to Your property.

Termination of cover

In respect of the insured Livestock, cover terminates:

• sales at auction or online auction – at the fall of hammer
• sales to abattoir – from the time the animals are positioned on the weighing scales following discharge from the conveying vehicle, provided that cover will not extend beyond 72 hours after arrival of the conveying vehicle at the abattoir.
• sendings to feed lots – from the time the animals enter the preparation feed lot
• all other – from the time each animal is unloaded into the paddock at the final destination, provided that cover will not extend beyond 48 hours after arrival of the conveying vehicle at the final destination.

Drought Extension Clause:

It is hereby noted and agreed this policy covers Livestock being transported from drought declared areas subject to:

• a declaration by rma member that they have inspected the livestock and that they are fit for travel, and
• a copy of the declaration being supplied with the monthly declaration

Claims over $4,000 for Sheep & $10,000 for Cattle, or any claim involving a road accident or theft requires a claim form to be completed. Each and every claim subject to retention of and production of where required, documentary evidence in support thereof.