Marine Insurance
Marine Insurance protects goods transported by sea or inland waterways against loss or damage during transit. It is essential for exporters, importers, traders, manufacturers, and shipping companies.
Key Coverages
Specific Voyage Policy
Provides insurance coverage for a single, clearly identified shipment during its transit from one specified location to another, anywhere in the world.
Open Policy
These are annual policies covering multiple transits for domestic movement, exports and imports. Ideal for small and medium sized companies, enabling seamless declaration and coverage.
Sales Turnover Policy (STOP)
A comprehensive marine insurance solution that provides coverage for all transits based on the insured's annual sales turnover. This simplifies administration by eliminating the need for shipment wise declarations while ensuring documentation efficiency.
Marine Hull Insurance
Provides coverage for loss or physical damage to ships, tankers, bulk carriers, small vessels, fishing boats, and sailing craft, in accordance with international marine hull clauses.
Stock Through Put
Comprehensive coverage for goods throughout their journey—from the supplier's warehouse to the buyer's destination. This policy protects stock during multiple transits and storage points, ensuring uninterrupted protection across the entire supply chain.