Marine cargo insurance protects against physical loss or damage to the cargo, hull, and machinery subject to the insurance contract's limits, conditions, and warranties.
Global supply chains face constant threats from transit damage, severe weather, and logistics disruptions, making Marine Cargo Insurance vital for safeguarding business revenue. By securing goods against physical loss or damage across sea, land, and air routes, this coverage provides total financial peace of mind from departure to delivery.
Marine Cargo Insurance protects cargo owners against financial losses arising from the physical damage to or loss of cargo being transported via sea, land and air. Coverage begins when cargo leaves its point of origin, continues during the cargo’s ordinary course of transit, and ends when the cargo reaches its destination. This essential coverage guarantees complete risk management across all supply chain operations, securing valuable shipments against unforeseen operational disruptions, catastrophic accidents, transit theft, extreme weather, and severe logistical hazards throughout the entire journey.
Ocean Marine Cargo Insurance covers losses and damages to cargo shipped beyond a country's territorial limits to another country, protecting the cargo throughout the voyage until it reaches its destination.
Inter-Island Marine Cargo Insurance covers losses and damages to cargo transported by vessel or aircraft from one port to another within a country's territorial limits.
Inland Marine Cargo Insurance covers cargo transported by land from the origin warehouse to the destination. This insurance protects against risks such as fire, accidental collision, explosion, robbery, and hijacking during road transport and whilst the cargoes are onboarding any LTO approved and duly registered land conveyance.
It is an insurance policy designed to cover financial losses if goods are damaged, lost, or stolen while being transported across sea, air, or land routes.
Coverage begins as soon as the cargo leaves its starting point, continues during standard transit, and ends when the goods reach their intended destination.
Yes, it covers land transportation risks including road accidents, fires, explosions, hijacking, and robbery.
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