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Marine
Cargo Protector
1. What is Marine Cargo
Protector?
Marine Cargo Protector is a marine cargo insurance
insuring the transportation of goods from one place to another. The mode
of conveyance can be by sea, air and/or road.
2. Why should I buy marine
cargo protector?
Marine cargo insurance gives you peace of mind as
it offers protection against losses/damages to goods during
transportation.
3. What is the information
needed to get a quotation?
The information required are: company's name, nature of
business, proforma invoice, type of cargo and whether they are brand new
or used items, value of cargo, voyage, mode of conveyance, claims
experience for the past 3 years.
4. What are the types of
coverage that are available?
Three types of coverage are available, namely the
Institute Cargo Clauses (A), (B) and (C). Briefly, clause (A) covers all
risks of loss or damage to cargo except those excluded by the standard
exclusions, such as delay, ordinary loss in weight or volume, ordinary
wear and tear, insufficient and unsuitable packing and inherent vice.
Institute Cargo Clauses (B) and (C) provide less comprehensive coverage
compared to Clauses (A).
