This insurance covers the risks of physical loss or damage to goods insured during transportation from one place to another.
Type of Cover available based on Institute Cargo Clause A, B and C
- Fire or explosion
- Vessel/craft being stranded, grounded, sunk or capsized
- Overturning or derailment of land conveyance
- Collision or contact of vessel, craft or conveyance with external object
- Discharge of cargo at a port of distress
- Earthquake, volcanic eruption or lightning
- Jettison, washing overboard
- Loss of any package overboard or dropped whilst loading on to or unloading from vessel or craft
- General average and salvage charges, sue & labour charges
- Pirates, thieves, and non-delivery
- Contamination
The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Berjaya Sompo Insurance Berhad or PIDM (visit www.pidm.gov.my)
Additional Information
Summary Chart - Risk Covered / Excluded
INSTITUTE CARGO CLAUSES (A), (B) & (C) CLAUSE
Risks | A Clauses | B Clauses | C Clauses |
| Fire or explosion | Yes | Yes | Yes |
| Vessel/craft being stranded, grounded, sunk or capsized | Yes | Yes | Yes |
| Overturning or derailment of land conveyance | Yes | Yes | Yes |
| Collision or contact of vessel, craft or conveyance with external object | Yes | Yes | Yes |
| Discharge of cargo at a port of distress | Yes | Yes | Yes |
| Earthquake, volcanic eruption or lightning | Yes | Yes | No |
| Jettison | Yes | Yes | Yes |
| Washing Overboard | Yes | Yes | No |
| Loss of any package overboard or dropped whilst loading on to or unloading from vessel or craft | Yes | Yes | No |
| General Average and salvage charges, sue & labour charges | Yes | Yes | Yes |
| Pirates, thieves and non-delivery | Yes | No | No |
| Contamination | Yes | No | No |
Major Exclusions
General Exclusions | A Clauses | B Clauses | C Clauses |
| Willful misconduct of the Assured | No | No | No |
| Ordinary leakage, loss in weight, wear and tear | No | No | No |
| Insufficiency or unsuitability of packing | No | No | No |
| Inherent vice or nature of the subject matter insured | No | No | No |
| Unseaworthiness of vessel (when the Assured is Privy to it) | No | No | No |
| Delay even though caused by a risk insured against | No | No | No |
| Insolvency on financial default of carrier | No | No | No |
| Deliberate damage or destruction of the subject Matter insured | Yes | No | No |
| Use of nuclear weapons | No | No | No |
| War & Strikes | No | No | No |
Note: This list is non-exhaustive. Please refer to the Policy Contract for the full list of exclusions.
