MARINE CARGO INSURANCE
This policy provides the coverage for transporting domestic goods from one destination to another (one voyage policy).
- Properties that are not covered
- Additional Covers
- Insurance Value & Period
- Premium Rating
Coverage 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
Exclusion Partial Loss. Loss or damage due to overweight.
War risk Strike, Riot,Civil Commotion Port Over Due Date
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% Coastal For Summer Time – 0.28% For Rainy Time (From 15th May to 15th Oct) – 0.56%Petroleum, Petrol, Gas and Diesel
River and Inland transit – 28% Coastal For Summer Time – 0.42% For Rainy Time (From 15th May to 15th Oct) – 0.84%
Proposal Form Certificate of Vessel’s or Vehicle’s Registration Business License of Transportation of goods List of total value of goods