Marine Carogo Insurance covers the risks of loss or damage to goods and merchandise during transit by sea, rail, air or road.

THERE ARE THREE TYPES OF COVERAGE:-

ICC (A)

ICC (B)

ICC (C

The Institute Cargo Clauses(ICC) is a set of standard terms adopted by the internations marine insurers that indicate the extent of coverage with ICC (A) being the most inclusive and ICC © being the least inclusive.  Marine insurance is issued on AGREED VALUE BASIS and should be based on  invoices and covering other incidental expenses

DETAILS REQUIRED

The vessel

The voyage or Transit

The nature of cargo and the type of parking

The type of cover chosen by the client

OTHER REQUIREMENTS

Bill of lading

Commercial Invoice

Duly completed Declaration Form

Copy of ID and PIN

WHAT IS CONTAINED IN A DECLARATION FORM?

Name and Address of the insured and his/her business

Description of goods, number and nature of packaging

Value of the goods ie; Sum Insured

Carrying Vessel

Description of voyage

Bill of lading  -  Contract, receipt and title

Type of Coverage -  ICC (A), ICC (B) or ICC (C

COMMON EXCLUSIONS

Improper or inadequate packaging

Abandonment of cargo

Rejection by Customs or other governmental authorities

Failure to pay or collect

inherent vice

CLAIMS PROCESS

Notify the Insurer or their agents with the details of the goods and estimate.  The purpose is to enable the Insurer appoint a Surveyor

The Surveyor will establish the nature of the cause of the loss or damage and the extent of loss

Also provide the Policy

Bill of Lading

Invoice

Details of the Invoice