Cargo Import
Marine Insurance is one of the oldest forms of Insurance. Marine Cargo Policies cover loss of and/or damage to the insured goods carried by sea, by air and rail/road transit.
The covers with respect to Import are to be provided as per Institute Cargo Clauses A, B and C.
Find The Allied Perils Below
Riot Strike Damage
Riot & Strike is a loss of or damage to property insured directly caused by Act of any person taking part together with others in any disturbance of public peace
Malicious damage
It covers damage other than by Fire maliciously cause by persons which are not strikers or locked out workers and who are not taking part in any disturbance of the public peace
Earthquake (Fire & Shock)
Loss or damage (including loss or damage by Fire) to any of the property insured occasioned or by through or in consequence of earthquake excluding flood overflow
Atmospheric Disturbance damage
Loss or damage directly caused by storm, Cyclone, Typhoon, tempest, Hurricane, Tornado, Flood and inundation
Impact damage
The loss or damage cause to the insured property occasioned by impact with any road vehicle (the vehicle should not belong to or under control of the insured)
Aircraft damage
It covers loss or damage to the property insured (by fire or otherwise) directly caused by Aircraft other aerial devices and/or articles dropped
Explosion
Loss or damage to the property directly caused by Explosion.
Institute Cargo Clause “A”
It covers all risks of loss or damage to Cargo being transported by Sea or by Air with certain exclusions under the institute cargo clause "A".
Institute Cargo Clause “B”
It is the intermediate level of cover which provides coverage against loss or damage to the cargo against following perils:
- Fire or Explosion
- Vessel being sunk, grounded or capsize.
- Collision of vessel or conveyance.
- Discharge of cargo at port of distress.
- Earthquake, volcanic eruption or lightning.
- General average sacrifice.
- Jettison or washing overboard
- Damage to cargo due to entry of sea, lake or river water into vessel or craft.
- Total loss of any package lost overboard or dropped while loading to or unloading from vessel.
Under Cargo clause “B” other perils can be extended as required to the Insured by charging as additional premium.
Institute Cargo Clause “C”
It is the basic level of Cover which provides coverage against loss or damage to the cargo against following perils:
- Fire or Explosion
- Vessel being sunk, grounded or capsize.
- Collision of vessel or conveyance.
- Discharge of cargo at port of distress.
- General Average Sacrifice.
- Jettison
Fill the information in the form For Cargo Import Quote
Please refer to the documents for policy wording and relevant clauses.
