Marine Cargo Insurance
Marine cargo insurance provides protection against risks associated with navigation and transportation to which a cargo may be lost or damaged during the transit whether by sea, air or land. Insurers also provide cover for transport of goods by trucks or railways.
Cover may be provided for individual shipments or under an ongoing contract known as an “open policy”. An open policy is a contract prepared in general terms covering specified goods on terms agreed and can be issued to cover goods shipped anywhere in the world on a declaration basis.