MARINE INSURANCE
Marine Insurance protects goods in transit and vessels against loss or damage due to maritime risks. Whether by sea, air, or land transit, it ensures that cargo owners, shippers, and vessel operators are financially protected from accidents, natural perils, and unforeseen events during transport.
BENEFITS
- Loss or Damage to Cargo: Covers accidental loss or physical damage to goods while in transit (by sea, air, or land).
- All Risks Coverage: Protection against wide-ranging perils, including fire, explosion, collision, overturning, theft, and natural calamities.
- Warehouse-to-Warehouse Cover: Insurance from point of origin until delivery at the final destination.
MARINE HULL & MACHINERY
- Hull & Equipment: Coverage for accidental loss or damage to the vessel’s hull, machinery, and equipment.
- Collision Damage: Covers losses if the vessel collides with another ship or property.
- General Average & Salvage Charges: Covers contributions payable in case of sacrifices made to save the vessel/cargo.
COVERAGE
- Marine Cargo (imports, exports, inland transit)
- Hull & Machinery (ships, boats, barges)
- General Average & Salvage Charges
ADD-ON COVERAGE (Optional Extensions)
- Strikes, Riot & Civil Commotion (SRCC)
- War Risks
- Piracy & Hijacking
- Delay in Start-Up (for project cargo)
- Freight, Duty & Other Charges
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