Marine Cargo

This insurance covers per voyage, the risks of loss, damage, expenses and liability to goods insured during transportation from one place to another, anywhere in the world.

Coverage

Type of Cover

 

INSTITUTE CARGO CLAUSES (A), (B) & (C) CLAUSE
SUMMARY CHART - RISK COVERED/EXCLUDED
       
RISKS  A Clauses B Clauses C Clauses
Fire or Explosion 0 0 0
Vessel/Craft being Stranded,
Grounded, sunk or capsized
0 0 0
Overturning or derailment of land
conveyance
0 0 0
Collision or contact of vessel, craft or
Conveyance with external object other than water
0 0 0
Discharge of cargo at a port of distress 0 0 0
Earthquake, volcanic eruption or
lightning
0 0 X
General Average sacrifice  0 0 0
Jettison 0  0   0
Washing Overboard 0 X
Entry of sea, lake or river water into
vessel, craft,Hold, conveyance,
container, liftvan or place of Storage
0 0 X
Total loss of any package lost
overboard or Dropped whilst loading on
to or unloading from Vessel or craft
0 0 X
General Average and salvage charges,
Sue & Labour charges
0 0 0
Pirates, Thieves and non-delivery 0  X    X 
Rough handling 0 X  X 
Contamination  0  X  X 
   
GENERAL EXCLUSIONS
Willful misconduct of the Assured X X X
Ordinary leakage, loss in weight, wear
and tear
X X X
Insufficiency or unsuitability of packing  X  X  X 
Inherent vice or nature of the subject
matter insured
X X X
Unseaworthiness of vessel (when the
Assured is Privy to it)
X X X
Delay even though caused by a risk
insured against
X
Insolvency on financial default of carrier X X
Deliberate damage or destruction of the
subject Matter insured
X
Use of nuclear weapons X X
War & Strikes X X

Key
0 - Covered
X - Not Covered

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