This insurance provides cover for hull and machinery to various types of vessels against physical loss or damage extended to include liability towards third parties.
Marine “Hull and Machinery” Insurance Type:
- All Risks as per internationally recognized forms.
- Covers Partial Loss as well as Total Loss of the Vessel(s).
- Third Party Liability including passengers and crew.
- Cover can be extended to include WAR and SRCC.
Marine Cargo Insurance
This insurance provides cover for goods during transportation/shipping by all means (Sea, air, and land) against all risks in accordance with the international clauses.
Marine “Cargo” Insurance Types:
- All Risks as per institute cargo clauses (A, Air cargo, and land transit).
- Covers from the place of loading till the place of discharge.
- Cover can be extended to include War and Strikes, Riots, and Civil Commotion risks.
- Total Loss.
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