Protect the movement of your vessel, float, pleasure yachts, cargo/freight and consignment from point A to point B. We provide all peril voyage cover policies for single craft or fleet of vessels from physical damage or loss.
The policy is compulsory for importers.
Marine Cargo: This can be on Open Cover basis or Single Basis
Cover available under Marine Cargo
- Institute Cargo Clause A
- Institute Cargo Clause B
- Institute Cargo Clause C
In practice two (2) types of cover are commonly used. These are the Institute Cargo Clause A and the Clause C.
CLAUSE C: AKA Port to Port
This is a limited type of cover and cover is meant for loss or damage as a result of: fire, explosion, stranded of the vessel, overturning or derailment, collision, jettisons, discharge of cargo at the port of distress, general average sacrifice.
ICC C + Loss or damage attributed to : Lightning, earthquake, washing overloading, entry of sea, lake or rivers water into the vessel, total loss of any package lost overboard or dropped whilst loading onto or unloading from vessel or craft
CLAUSE A : AKA Warehouse to Warehouse OR Sea Peril + GIT
This is the widest Marine Cargo Insurance
ICC B + Loss or damage attributed to :Assailing thieves, Theft or Pilferage, Taken at sea.