www.safesolution.info: Marine Insurance

MARINE INSURANCE POLICY

There is a significant risk involve during the transit of goods, which can expose you to massive financial losses in case your shipments gets damaged or destroyed in transit

THE MARINE CARGO INSURANCE COVERS FOUR TYPES OF COVERS:

Institute Cargo Clause (C): This is the most restricted clause and covers only: loss or damage reasonably attributable to: 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 wate, discharge of cargo at a port of distress and loss or damage caused by – General Average Sacrifice / Jettison.

Institute Cargo Clause (B) Earthquake, volcanic eruption or lightning, Washing Overboard, Entry of sea, lake or river water into the vessel, craft, hold, conveyance, container, lift-van or place of storage, total loss of any package lost overboard or dropped whilst loading onto, or unloading from, vessel or craft.

Institute Cargo Clause (A) The widest form of cover under Marine Cargo Insurance in so far as it relates to the perils covered. ICC (A) is an unnamed perils clause

Institute Cargo Clause (Air)

MARINE INSURANCE POLICY

THE MARINE CARGO INSURANCE COVERS FOUR TYPES OF COVERS:

Mutual Funds

SIP Investment

Life Insurance

General Insurance

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