Innovation for Wellbeing
Innovation for Wellbeing
Marine Cargo Insurance is an insurance product that provides protection for cargo transported via road, sea or air, from the time the cargo leaves the point of departure until it arrives at its end destination. This freight insurance is intended for cargo owners — individual, institution or company — who need protection for their cargo. Either the freight is transported using their own vehicles or with a freight service company.
Most commodities and final goods such as cars, motorcycles, heavy equipment, infrastructure projects, turbines, generators, spare parts, pharmaceuticals, chemicals, fertilizers, crude palm oil, palm oil, rice, soybeans, sugar, electronic equipment, paper products, cardboard, textiles, leather, as well as various mining products such as coal, oil and gas, are very vulnerable to multiple risks during transit and delivery.
With Marine Cargo Insurance, you can focus on ensuring a sustainable business.
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Institute Cargo Clause "A" (ICC A)
The most complete protection for all shipping risks that might occur in your business.
Institute Cargo Clause "B" (ICC B)
Protection from the risk of earthquakes, volcanic eruptions, lightning strikes, goods thrown overboard, goods thrown into the sea during rescue, and contributions to rescue costs.
Institute Cargo Clause "C" (ICC C)
Covers losses and damages to goods as a result of transportation accidents.
| Benefit Description | ICC A | ICC B | ICC C |
|---|---|---|---|
|
Fire/explosion |
Available | Available |
Available |
|
Conveyances run aground, sink, strand, or capsize |
Available | Available |
Available |
|
Ground conveyance crashes, overturns, or rails off |
Available | Available |
Available |
|
Ships collide or hit objects other than water |
Available | Available |
Available |
|
Emergency port unloading of goods |
Available | Available |
Available |
|
General average sacrifice |
Available | Available |
Available |
|
Disposal of goods in the sea |
Available | Available |
Available |
|
Contribution to salvage and waste goods costs |
Available | Available |
Available |
|
Contribution of ship collisions to ships |
Available | Available |
Available |
|
Earthquake, volcanic eruption, or lightning strike |
Available | Available |
Not Available |
|
Goods swept out to sea |
Available | Available |
Not Available |
|
Seawater, lake water, river water get into ships, containers, or temporary storage |
Available | Available |
Not Available |
|
Total loss per coli due to being thrown or falling overboard during the loading or unloading of goods onto or off the ship |
Available | Available |
Not Available |
|
Theft, robbery, piracy |
Available | Not Available |
Not Available |
|
Floods, hurricanes, landslides, ground movements, tsunamis |
Available | Not Available |
Not Available |
|
Falls, gets hit by a forklift, other loading and unloading risks |
Available | Not Available |
Not Available |
|
Other accidental damages not mentioned above |
Available | Not Available |
Not Available |
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