Insurance for Carriage of Goods by Sea & Air

Marine insurance policy concerns all the individuals and imports & exports of goods as well as any person engaging in transit of trade.

Marine Insurance policy insure your goods in transit for damage that may incur.

Our marine Insurance policy insures perils that are offered in the form of Institute Cargo Clauses (A,B and C) in the case of goods carried by Sea , Institute Air Cargo Clauses in case of goods carried by air.

 

By Sea:

Institute Cargo Clauses (C)

The clause covers loss or damage by

• Fire or explosion
• Grounding, sinking, capsizing of the vessel
• Overturning or derailment of land conveyance
• Collision or contract of vessel or other conveyance with any external object  other than water
• Discharge of Cargo at port of distress
• General Average Sacrifice (compulsory or voluntarily jettison of goods into the sea)

 

Institute Cargo Clauses (B)

Covers Institute Cargo Clause C and also;

• Earthquake
• Washing overbroad
• Entry of Sea, lake or minor water into the vessel
• Total loss of package whilst loading or unloading from the vessel

 

Institute Cargo Clause  A

The Clause (A) the widest form of cover for loss or damage caused by all perils described in clauses (C) and (B) and other loss or damage caused by sudden and unforseen event (All Risks)

By Air

The Institute Air Cargo, covers loss or damage caused by all perils and also any other loss or damage caused by sudden and unforseen event (All Risks)