Marine Cargo / Goods in Transit
Marine Cargo Insurance is the life blood of international and national trade. Whether you are engaged in imports / exports, manufacturing and distribution, or are a wholesaler / retailer, you require the financial protection that a marine cargo policy affords to your goods under transportation from one place to another.
This Policy covers accidental physical loss or damage to your insured Cargo whilst in transit (or in storage incidental to the journey). In other words, it insures your Property whilst it is being transported from one place to another. The transportation can be by sea, air, land, rail, other recognized means.
A well-designed Marine Cargo Policy with appropriate clauses and extensions can be arranged by us to cater to your unique business needs. For clients engaged in regular import / export trade an umbrella Open Cover or an Open Policy as applicable can be arranged.
Please contact us to know more.
Some of the risks that cargo in transit is exposed to, inter-alia, include:
- Perils of the seas
- Fire & explosion
- Theft, pilferage and non–delivery
- War and war related perils, terrorism
- SRCC and Malicious Damage
- Pirates, hijack, seizure, capture
- Transit jerks & jolts
- General Average