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Marine Cargo Insurance

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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PRODUCT FEATURES & OPTIONS

Institute Cargo Clause

Institute Cargo Clause "A"    (ICC A)

The most complete protection for all shipping risks that might occur in your business.

Institute Cargo Clause

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

Institute Cargo Clause "C"    (ICC C)

Covers losses and damages to goods as a result of transportation accidents.

COVERAGE

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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