Marine Insurance is a type of insurance which affords protection to the risks associated with a maritime adventure.
In a maritime adventure, the vessel in which the cargo or passengers are carried, and the freight and other charges associated can be insured under a wide variety of insurances.
Marine cargo, Hull & Liability are the commonest forms of Marine insurance. Every peril that can arise at sea in so far as such peril is within the Insurer’s capacity and appetite becomes insurable.
Types of Marine Insurances
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 : email@example.com
It covers transit, storage risks as well as risks encountered in the manufacturing process. However, Stock Throughput insurance does not cover any manufacturing defects.
For more details on Stock Throughput Insurance, please e-mail : firstname.lastname@example.org
For more details on Good in Transit Insurance, please e-mail : email@example.com
The premium is based on the Estimated Annual Carryings and is subject do premium adjustment clause
For more details on Produce in Transit, please e-mail : firstname.lastname@example.org