This policy covers loss or damage to cargo whilst in transit by land, in the sea or via air.
The policy can be arranged for a single shipment or as a marine open cover which provides blanket coverage for all shipments coming under the purview of the terms, limits of the marine open policy.
Institute Cargo Clauses (A) – This is an ‘all risks’ cover and the widest form of cover available in the market.
Institute Cargo Clauses (C) – This cover is restricted to named perils such as Fire, carry by vessel being stranded, grounded, sunk, capsized or collision of vessel etc
Additional covers like Institute Cargo Clause (War) can be purchased to cover the War risks.
Covers against loss or damage to goods whilst in transit through inland roads
Protects the insured vessel or fleet of vessels against physical damage caused by various perils including the perils of the sea