Marine cargo
Marine cargo
Marine Cargo Insurance
Marine insurance to protect your cargo from loss or damage.
Overview

This insurance covers the risks of physical loss or damage to goods insured during transportation from one place to another.

Coverage

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

INSTITUTE CARGO CLAUSES (A), (B) & (C) CLAUSE

 

Risks

Clauses

Clauses

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

 

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.