Rekha Gupta, Presiding Member—The present Revision Petition has been filed against the Order dated 30.07.2016 passed by A.P. State Consumer Disputes Redressal Commission at Hyderabad (for short, ‘the State Commission’) in First Appeal No.355 of 2008.

2. The brief facts of the case as per the Respondent/Complainant that on 3112.2004, Respondent obtained a Marine Cargo(Open Declaration) policy bearing No.551201/21/04/44000067 for Rs. One crore valid from 31.12.2004 to 30.12.2005. The Respondent /Complainant submitted monthly declarations declaring the consignments for which insurance cover was required from January to August, 2005 worth Rs.49,26.489/-, by covering consignments of acetic acid, methanol, formic acid, formaldehyde, phenol, acetone, aniline oil and chemicals. On 03.09.2005, the Respondent imported 100 MT of Hydrated Phenol from Republic of Korea. The shipment was received at Kandla port in Gujarat and the consignment weight was 16,620 KG and valued worth Rs.9,50,987/-. It was loaded in a Tanker No. GJ-18-T-1368 LR No.7676 through M/s. Arab Road Lines for transportation from Kandla to Hyderabad, the tanker met with an accident and fell down from the bridge into the