Marine Insurance

Marine Insurance

Marine cargo insurance covers the risks of loss, damage, expense and liability to your goods during transportation of cargo from one place to another place.

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Who is the Insurance product for?

Just about every enterprise that imports or exports raw materials or sells finished products abroad needs ocean cargo insurance. These include :

  • Manufacturers
  • Retailers
  • Wholesalers
  • Importers
  • Exporters
  • Logistics Providers
  • Commodity Traders
  • Custom House
  • Brokers Freight
  • Forwarders
  • Steamship Lines
  • Air Carriers
  • NVOCCs.

What does it cover?

The ocean cargo policy automatically covers goods shipped by water or air, depending on the terms of sale, from the warehouse at the point of shipment to the warehouse at the point of destination, including all intermediate transit by rail or truck.

What you need to know

This cover can be taken together with a Goods in Transit cover

What are the Benefits?

The basic ocean cargo policy covers perils of the sea such as stranding, sinking, fire, and collision, as well as perils on the sea including heavy weather and theft.

What is the claim Process?

  • Report any claim to the insurance company
  • Fill in the relevant claim form.

Download the Claim form

Marine Proposal form

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