Marine Cargo Insurance
Generally covers various aspects related to the transportation of goods. Key coverages may include:
Theft & non-delivery
Covers losses due to theft or non-delivery of the cargo.
War & Strikes risks
Provides coverage for damages caused by war, strikes, riots, and civil commotions.
Sue & labour clause
Covers costs incurred by the insured in preventing or minimizing a loss
Physical loss or damage
Covers loss or damage to the cargo
during transit, including situations like
sinking, fire, or collision.
General average
Protects against financial losses in situations where sacrifices or expenses are incurred to preserve the entire shipment.
Customs duty
Some policies may cover customs duties that the insured is legally obligated to pay in the event of a loss
