Provides you protection during transit, via air, sea and land
When importing, exporting or simply moving cargo whether your own or somebody else’s, it is important that it reaches the destination safely. But during transit, via air, sea and land, your goods are exposed to numerous risks, and the financial consequences can really set you back.
NOTE: The information shown here is for reference only. All benefits and features mentioned here are subject to the terms and conditions of the policy. Please refer to the policy contract for the precise terms and conditions of this insurance plan.
More About National Insurance Marine Cargo Protector Product
There are three main forms of coverage available to protect your belongings:-
- Institute Cargo Clauses (A)
The most extensive cover available whereby all risks of loss or damage are covered except for those that are specifically excluded in the policy.
- Institute Cargo Clauses (B)
Under this coverage, the perils insured against are:-
- Fire or explosion
- Sinking,stranding, grounding, capsizing of the ship
- Collision of ship
- Overturning or derailment of land conveyance
- Earthquake, volcanic eruption, lightning
- Jettison and washing overboard
- Discharge of cargo at port of distress
- Entry of sea, lake,river water into vessel
- General Average Sacrifice
- Total Loss of package during loading or discharge
- Institute Cargo Clauses (C)
The most restricted form of cover that provides protection against loss or damage due to:-
- Fire or explosion
- Sinking,stranding, grounding, capsizing of the ship
- Overturning or derailment of land conveyance
- Collision of ship
- Discharge of cargo at port of distress
- Jettison
- EXCLUSIONS IN BRIEF
- Losses attributable to Insured’s wilful misconduct
- Ordinary leakage, loss in weight or wear and tear
- Insufficient packing
- Inherent vice or nature of goods
- Losses caused by delays
- Losses from nuclear risks
- Terrorism
- Rust, oxidization, discoloration,staining, denting
- Unseaworthiness of the ship
Note: This list is non-exhaustive. Please refer to the policy contract for the full list of terms and conditions.
