Marine Cargo Insurance
Protection for goods in transit against loss or damage while being transported by sea and related routes.
Product Overview
This cover is recommended for businesses whose operations involve regular importation of raw materials, packaging materials, spares and or exportation of finished products from one destination to another by sea, road, rail or air.
This policy covers the risk of loss, destruction or damage to cargo in transit.
Coverage Levels
Transit period
This insurance covers voyage from the warehouse or place of storage named in the policy and continues during the ordinary course of transit.
Termination of cover
The cover terminates on delivery to the consignees' place of storage at the destination or warehouse, or at the final port of discharge on a port-to-port basis.
Cover considerations
The cover considerations are based on the type of goods being carried, packaging of the goods, mode of transportation, and places of origin and destination of goods.