Marine Cargo
Marine Cargo Coverage
Marine Cargo Insurance protects your goods during transit, whether domestic or international. It safeguards against loss or damage, ensuring that your cargo is covered throughout the shipping process, as defined by international law and sale agreements. This policy also extends coverage to the vessel itself, providing peace of mind when transporting valuable items.
Single Cargo Insurance Policy
Designed for individuals and businesses requiring coverage for one-time shipments, our Single Cargo Insurance Policy offers comprehensive protection against potential risks during transit. This policy ensures your cargo is safeguarded from origin to destination, providing peace of mind for your unique shipping needs.
Open Cargo Insurance Policy
Ideal for frequent shippers, our Open Cargo Insurance Policy provides continuous coverage for all shipments over a one-year period. This policy offers flexibility with shipment declarations, allowing you to report on a per-shipment, monthly, or quarterly basis, ensuring seamless protection for your ongoing logistics operations.
What Does It Cover?
- Fire and Explosion
Covers damages resulting from fires or explosions on the vessel, protecting cargo and assets.
- Stranding
Provides protection for incidents where a ship runs aground, covering potential damages.
- Sinking and Capsizing
Insurance for cases where the vessel sinks or capsizes, ensuring loss recovery.
- Vehicle Overturning
Offers protection if transport vehicles like lorries or trains overturn during transit.
- Collision
Includes coverage for impacts with other vessels or external objects, safeguarding against collision damages
- Port Discharge
Covers goods discharged at a distress port, protecting against unexpected unloading costs.
- Total loss of conveyance vehicle or vessel
Compensation for instances where the transport vehicle suffers complete loss.
- General Average Sacrifice & Jettison
Protects goods intentionally discarded to prevent further vessel damage in emergencies.