Your cargo can be damaged on exposure to a wide variety of risks, including an accident of the vehicle carrying the cargo, failure of the stevedores in the port area, and damage to the container that can be washed overboard. If you think Piracy is a thing of the past, you will be surprised to find that this is very much alive and well! To summarise, your cargo can be damaged by stranding, grounding, sinking, burning, collisions, faults or errors in navigation, heavy weather, entry of sea or river water, jettison, washing overboard, ship's sweat, condensation, improper stowage by the carrier, hook damage, theft or pilferage, war, strikes or natural perils.

Cargo Insurance covers transits by:

1. Water
2. Air
3. Road or Rail
4. Registered Post Parcel
5. Courier
6. Or any combination of the above.

For Whom?

Buyers, Sellers, Import/Export merchants, Buying Agents, Contractors and Banks-in fact any one engaged in the business of movement of goods.

During the course of transit, the cargo may not always be at your risk. For instance, you can sell it to a buyer. Our Marine Cargo Policies cover your interest in the cargo insured and also extends to cover the interests of any third party to whom you have assigned interest upon transfer of ownership, as determined by the Terms of Sale.

Insurance Cover :

Marine Cargo Policies are based, in a majority of instances, on one or more of the Institute Cargo Clauses. The coverage available under these standard clauses include:

• Actual Total Loss
• Constructive Total Loss
• Particular Average i.e., Partial Loss by an insured peril
• General Average
• Collision Liability
• Expenses such as Survey Fees, Reconditioning Costs, Forwarding Expenses, Sue and
• Labour etc.


• Loss or damage due to Inherent Vice
• Loss or damage due to Delay
• Loss or damage due to Insufficiency of packing
• Loss or damage due to insolvency, financial default of ship owners, etc.
• We have dedicated products that considerably widen the scope of cover offered by the Institute Clauses.