Marine Insurance

Marine Insurance provides compensation in the event of damage or loss to goods during Import, Export and Inland transit

Loss may be caused during Sea/ Air journey due to:

  • Vessel or craft being stranded, grounded, sunk or capsized, Collision of vessel or craft
  • Fire, Explosion, Earthquake, Volcanic eruption, Lightning, Malicious damage, Heavy weather, Water damage (sea, lake, river or rain) to cargo
  • Discharge of cargo at port of distress, Jettison (abandon or discard), General Average
  • Non delivery, Theft, Pilferage, Piracy
  • Loss of contents caused by damage to container, Breakage, Loading/ Unloading from vessel or craft
  • War, Strikes, Riot and Civil Commotion, Terrorism

Loss may be caused during Inland Transit due to:

  • Fire & Explosion
  • Overturning, Derailment or Collision of land conveyance
  • Theft, Pilferage and Non delivery
  • Loading/ Unloading, Rough handling, Contamination
  • Strikes, Riot and Civil Commotion, Terrorism

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