2018-05-20 00:00:00 UTC
In a world where boundaries are increasingly being blurred, business horizons are expanding. As expansion continues, so does exposure to the risks that are associated with transit of goods. Your biggest challenge is to put in place a suitable Risk Management, so that you can confidently move. With SBI General's Marine Cargo Insurance Policy you can safeguard yourself from risks associated with transit of goods.
The policy provides wide coverage for loss or damage caused to the cargo whilst in transit between any two points either by Sea / Air / Rail / Road / Courier.
The Policy covers any accidental loss or damage to the cargo described in the Policy schedule whilst in transit by perils named in institute clauses Depending on the materials to be covered, nature of the risk, mode and frequency of payment, etc. Perilwise helps you decide which policy is the best for you. We also provide API solutions for marine insurance that integrate the policy into your system, thus ensuring ease of use and making insurance declarations and claims easy.
Type of Coverage under marine cargo insurance is determined by the mode of transport and requirements of customers as given below:
Coverage provided under this type will be as per institute clauses which are uniformly used in international markets. Three types of coverage are offered for such transit:
Coverage provided for transit of goods by air is on All Risk basis as per Institute Cargo Clause (Air).
Coverage provided for inland transit of goods is classified in to three categories:
Coverage for transit of goods by Registered Post / Courier etc is not provided on a standalone basis. Such coverage shall be granted in conjunction with transit by Sea / Rail / Road / Air.
If you have any marine insurance requirements, click here to read more, or contact us below.