Marine Insurance

Marine Insurance plans

Marine Cargo Insurance

 

Marine Insurance is designed to secure losses related to goods and cargo transported on ships and other modes of water transport.

As with any other type of insurance, goods and products lost during a voyage can become a considerable expense for you and your business. By getting adequate insurance coverage for your marine cargo, you can ensure that your deliverables reach their destination securely and on time.

Keep all your cargo, as well as your ship, safe from unexpected losses and damages, and choose from a range of marine insurance policies from Coverbox!

Marine Insurance Premium Calculator

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e.g. Handicrafts, Garments, Metal Items, Wood Furniture
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Business Insurance

Documents Required to Raise Claim Under Marine Insurance

 

Given below are the documents needed to file a claim under marine insurance:

  • Original policy or marine insurance certificate

     

  • Original Bill of Lading and/or another contract of carriage.

     

  • Original copy of shipping invoices, with the packing list and/or weighment notes.

     

  • Landing remarks/account and weighment notes at the final destination.

     

  • The survey report and other documentary evidence, if available, show the extent of the loss or damage.

     

  • Correspondence exchanged with the carriers and other parties regarding their liability for the loss or damage.

     

To enable claims to be dealt with promptly, the assured or their agents are advised to submit all the supporting documents without delay, including the items mentioned above.

What is Covered in Marine Insurance?

Accumulation Clause

Airfreight Replacement Charges Clause
 
Attachment & Termination of Risk Clause
 
Average Clause (applicable to static risks only)
 
Brands Clause
 
Buyers Interest Clause
 
Cancellation Clause
 
Civil Authority Clause
 
Claused Bill of Lading Clause
 
Concealed Damage Clause
 
Debris Removal Clause
 
Declaration Clause
 
Deliberate Damage – Pollution Hazard
 
Duty Clause
 
Exhibition/Demonstration Risks Extension
 
Exhibition Abandonment Extension Clause
 
Fumigation Clause
 
General Average
 

Goods Purchased by the Assured upon “C.I. F.” terms

Theft Co-Insurance Clause
 
 
Goods Purchased by the Assured upon “F.O.B.” or “C.&F.” or similar terms
 
Increased Value upon Arrival Clause
 
Insolvency Of Shipowners
 
Labels Clause
 
Letter of Credit Clause
 
No Survey Clause
 
On-Deck Shipments
 
Own Sheets & Ropes Clause
 
Own Vehicle Debris Removal Clause
 
Packing Clause
 
Packers Premises Extension
 
Pair & Sets Clause
 
Pollution & Contamination Exclusion Clauses
 
Repacking Clause
 
Rejected or Returned Shipments Clause
 
Seals Intact Clause (operative in respect of F.C.L. consignments only)
 
Sellers’ Interest
 
Shortage from Containers, Trailers, and/or Vehicles Clause
 
Trade Marked Cartons
 
Testing & Sorting Clause
 
 

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