Marine (Cargo) Insurance
This policy provides cover for loss/damage to consignments being imported into the country resulting from short receipt, theft, physical damage as a result of insured events.
Apart from the compulsory nature of marine cargo insurance on goods being imported into the country, the policy is designed along the following lines to cover loss or damage to goods due to maritime perils from port of shipment to the port of discharge and/or final warehouse of the insured.
The policy can be arranged as follows:
Institute Cargo Clauses ‘A’
Institute Cargo Clauses ‘B’
Institute Cargo Clauses ‘C’