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Marine Cargo Insurance

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Protect your cargo against loss or damage during local and international transit.

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Frequently Asked Questions

What is Marine Cargo Insurance?

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Marine Cargo Insurance protects goods against loss or damage while in transit by sea, air, road, or rail, whether for local or international shipments.

What types of goods can be insured?

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Most commercial goods can be insured, including raw materials, finished products, machinery, electronics, agricultural produce, and general merchandise, subject to the insurer's terms and conditions.

What risks are covered under Marine Cargo Insurance?

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Depending on the policy, cover may include:

  • Accidental loss or damage
  • Theft or pilferage
  • Fire and explosion
  • Collision or overturning of the carrying vehicle
  • Loading and unloading risks
  • Natural perils such as storms and floods

How do I make a Marine Cargo Insurance claim?

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In the event of loss or damage:

  • Notify the insurer immediately.
  • Take photographs of the damaged cargo and packaging.
  • Retain all shipping and delivery documents.
  • Obtain a survey report where required.
  • Submit all supporting documents to begin the claims process.

Does Marine Cargo Insurance cover international shipments?

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Yes. Marine Cargo Insurance can cover both domestic and international shipments, depending on the terms of your policy.

What is the difference between Single Transit and Annual Marine Cargo Insurance?

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Single Transit Insurance covers one specific shipment, while Annual Marine Cargo Insurance provides continuous cover for multiple shipments made during the policy period.

When does Marine Cargo Insurance coverage begin and end?

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Coverage typically starts when the goods leave the point of origin and ends upon delivery to the final destination, subject to the policy terms.

Are all causes of loss covered?

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No. Coverage depends on the policy purchased and may exclude risks such as ordinary wear and tear, inadequate packaging, delays, or intentional damage.

What documents are required when making a claim?

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  • Completed claim form
  • Commercial invoice
  • Packing list
  • Bill of Lading, Air Waybill, or transport document
  • Delivery note
  • Survey report (where applicable)
  • Photographs of the damaged goods

How is the premium for Marine Cargo Insurance determined?

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  • Type and value of the cargo
  • Mode of transport
  • Destination and transit route
  • Nature of the goods being transported
  • Scope of cover selected
  • Frequency of shipments

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