For Corporate
Marine Cargo Insurance
Marine cargo insurance is a type of insurance coverage that provides protection for goods and merchandise while they are being transported over water (by sea or inland waterways) or through air (by air cargo) from one location to another. It is designed to safeguard against potential risks and financial losses that may occur during the transit of goods from the point of origin to the final destination.
Requirements
- Proposal Form
- Certificate of Vessel’s or Vehicle’s Registration
- Business License of Transportation of goods
- List of total value of goods
Insured Period
One Voyage or Per Trip
Sum Insured & Premium
Actual Value of Goods
Premium Rating For General Cargo
- River & Inland Transit - 0.14 %
- Coastal for Summer-time - 0.28 %
- Coastal for Rainy Time - 0.56 %
PREMIUM RATING FOR PETROLEUM, PETRO GAS & CARGO
- River & Inland Transit - 28 %
- Coastal for Summer-time - 0.42 %
- Coastal for Rainy Time - 0.84 %
Coverage
- Fire or Explosion
- Vessels or Crafts Being Stranded, Grounded, Sunk or Capsized
- Overturning or Derailment of Land Conveyance
- Collision or Contact of Vessels, Crafts or Conveyance With Any External Object Other Than Water
Additional Coverage
- War Risk
- Strike, Riot, Civil Commotion
- Port Over Due Date
