Marine transit insurance is essential for protection of your valuable import or export cargo consignments during a voyage. Movement of all kinds of goods irrespective of their mode of conveyance, i.e. Sea / Land / Air may be insured either on the basis of values of individual shipments or on the value of annual or periodic shipments. The commonly used insurances for cargo are individual marine policies or open covers or open policies.
Marine insurance being an international form of insurance, the coverage can be arranged based on Institute Cargo Clauses A, B, or C.
Cargo clause A represent cover on an All Risk basis and Cargo Clause B & C represents a restrictive coverage based on named perils corresponding with international clauses B & C.
Cargo shipped via sea or air can become the subject of insurance under international clauses A, B or C.
For more details on Cargo Imports and Exports Insurance, please e-mail : info@orientinsurance.lk