We issue Marine Cargo policies to cover Maritime risks associated with import transactions. The policy covers the Insured should goods coming into the country by Sea or Air be lost, destroyed or damaged whilst in transit.
We also cover damage to the Hull itself.

Our Marine Cargo Insurance provides cover for the following:

• Unexplained disappearance
• Handling and storage hazards
• Water damage
• Fire damage
• General average declaration
• Other fortuitous risks

Marine Cargo Insurance is written under three different Institute Cargo Classes terms (ICC). The A and C covers are the common covers being issued presently in the market.

1. Clause A: provides the widest cover possible for “all risks” of loss or damage, subject to specified exclusions which basically excludes the inherent vices of cargo.
2. Clause B: limited cover restricted to particular perils as follows;
   • Fire or explosion
   • Vessels or craft being stranded, grounded, sunk or capsized overturning or derailment of land conveyance
   • Collision or contact of vessel craft or conveyance with any external object other than water discharge of cargo at a port of distress
   • Earthquake volcanic eruption or lightning
   • General average sacrifice
   • Jettison or washing overboard
   • Entry of sea lake or river water into vessel craft holds conveyance container lift-van or place of storage.
   • Total loss of any package loss overboard or dropped whilst loading on to, or unloading from vessel or craft.
3. Clause C: basic cover, is limited to the effects of major occurrences like;
   • Fire explosion
   • Vessel or craft being stranded, grounded, sunk or capsized
   • Overturning or derailment of land conveyance
   • Collision or contact of vessel, craft or conveyance with any external object other than water.
   • Discharge of cargo at a port of distress
   • Loss or damage to the subject-matter insured caused by general average sacrifice.