Marine Cargo insurance covers you against loss / damage to your goods in the course of transit, whether by air, sea or land.

The standard Marine Cargo Insurance covers loss/ damage during the movement of cargo from one port/ country to another. The conveyance can be by Sea, Air or Land. Policies are tailored to suit individual needs of our clients.

Basis of Sum Insured
Marine Insurance policies are issued on ‘agreed value basis’ and should be based on invoice and covering incidental expenses.

What Are The Types of Coverage Offered?
The following are the type of covers available: All Overseas Transits are subjected to Institute Cargo Clauses, given by Lloyds Underwriter and Technical Committee, London. The brief coverage is:

Risks	Institute Cargo Clauses
(Proximate Cause)	A (All Risk Cover)	B (Wider Cover)	C (Basic Cover)
Stranding, grounding, sinking or capsizing	Yes	Yes	Yes
Overturning or derailment of land conveyance	Yes	Yes	Yes
Collision of ship or craft with another ship or craft	Yes	Yes	Yes
Contact of ship, craft or conveyance with anything other than ship or craft (excludes water but not ice)	Yes	Yes	Yes
Discharge of cargo at port of distress	Yes	Yes	Yes
Loss overboard during loading/discharge (total loss only)	N/A	Yes	No
Fire or explosion	Yes	Yes	Yes
Malicious damage	Yes	No*	No*
Theft/pilferage	Yes	No	No
General average sacrifice	Yes	Yes	Yes
Jettison	Yes	Yes	Yes
Washing overboard (deck cargo)	Yes	Yes	No
War risks	No*	No*	No*
Seawater entering ship, craft, hold, conveyance container lift van or place of storage	Yes	Yes	No
River or lake water entering same	Yes	Yes	No
* Can be bought back