Marine Cargo Insurance is an integral part of National / International Trade and is required by Importers, Exporters, Manufacturers, Distributors, Retailers, Wholesalers and others engaged in the movement of goods by sea, air, road, rail and post.

The Risks/Hazards during Transit

The main hazards to which moving goods and/or property are exposed during transit are:

  • Perils of the sea
  • Theft
  • Malicious Damage
  • Fire and Accidental Damage etc

Types of policies:

  • Specific Policy: a policy for a single shipment by sea / air / rail / post.
  • Open Policy: an annual policy subject to declarations for policy issuance at agreed upon rates.