• Particulars of cover liability and exclusion given above are not complete or exhaustive :
• Our nearest Branch Office branch may be approached for complete details.

Types of Policies

1. OPEN COVER:-

Open cover are commonly used in international trade, specifically by companies involved in high volume trade over long periods of time. Companies purchase this type of coverage because it eliminates the need to negotiate terms of a new policy each time a shipment is made. Open Covers are normally issued for one year, in the form of an agreement to cover shipments by sea/air between two specified terminals or on a worldwide basis.

2. OPEN POLICY:-

Marine Cargo Policy covers loss/damage to property insured due to:

Marine Cargo covers are generally based on Institute Cargo Clauses, viz., ICC (A), ICC (B) and ICC(C). ICC (A) is based on ''All Risks'' while (B) and (C) cover named perils only.
Coverage under the clauses are subject to general exclusions.

Premium rating:

The insurance rate depends on a variety of factors such as the nature of the cargo, scope of cover, packing, mode of conveyance, distance and past claims experience.

What is Marine Cargo Insurance:

• Marine cargo insurance is a class of property insurance that insures property while in transit against perils consequent or incidental to the navigation of the sea or air or rail/road/inland waterways.

We cover:

The Marine Insurance Policy covers transits by: