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


Disclaimer : The insurance cover mentioned is based on the standard policy wording and relevant clauses and the actual cover may vary as per agreed terms between the insured and the insurer. The Company reserves the right to reject any offer without giving any reason.