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MARINE CARGO INSURANCE
This policy provides the coverage for transporting domestic goods from one destination to another (one voyage policy).
- Coverage
- Properties that are not covered
- Additional Covers
- Insurance Value & Period
- Premium Rating
- Requirements
Coverage
Total loss coverage only ( Take full responsibilities to pay sue and labor charges for avoidance to loss if any loss is incurred.)
Total loss coverage only ( Take full responsibilities to pay sue and labor charges for avoidance to loss if any loss is incurred.)
fire or explosion
vessel or craft being stranded grounded sunk or capsized
overturning or derailment of land conveyance
collision or contact of vessel craft or conveyance with any external object other than water
Properties that are not covered
Partial Loss.
Loss or damage due to overweight.
Additional Covers
War risk
Strike, Riot,Civil Commotion
Port Over Due Date
Insurance Value
Can insure additional 10% on the actual value of goods.Insurance Period
Insurance Period is from one destination to another (one voyage policy).
For general Cargo
River and Inland transit – 0.14%Petroleum, Petrol, Gas and Diesel
Coastal
For Summer Time – 0.28%
For Rainy Time (From 15th May to 15th Oct) – 0.56%
River and Inland transit – 28%
Coastal
For Summer Time – 0.42%
For Rainy Time (From 15th May to 15th Oct) – 0.84%
Requirements
Proposal Form
Certificate of Vessel’s or Vehicle’s Registration
Business License of Transportation of goods
List of total value of goods