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What is Marine Cargo Open Transit
Policy

Marine Cargo Policy covers goods (machinery, raw materials, finished goods etc) during transit under a contract of affreightment.

Know What Our Marine Cargo Open Transit
Policy
Offers You

medical-policy
Institute Cargo Clauses (A)

These clauses are wider in scope covering all extraneous perils except War and SRCC risks. These are unnamed perils clauses unlike the other two clauses, which are named perils clauses. All risks are covered subject to exclusions.Inland Transit: Fire, Breakage of bridges, Collision with or by the carrying vehicle, Overturning of the carrying vehicle, Derailment or accidents of like nature to the carrying railway wagon / vehicle. Show MoreShow Less

protection-policy
Institute Cargo Clauses (B)

AOG perils of earthquake, volcanic eruption and lightning Washing overboard Entry of sea, lake or river water into vessel craft hold conveyance container lift van or place of storage Total loss of any package dropped whilst loading/ unloading into the ship. Show MoreShow Less

Fire Allied perils - Building Contents
Institute Cargo Clauses (C)

Fire or Explosion, Vessel or craft being stranded, grounded, sunk or capsized, Overturning or derailment of land conveyance, Collision or contact of vessel, craft or conveyance with any external object other than water, Discharge of cargo at the port of distress, General Average sacrifice, Jettison. Show MoreShow Less

medical-policy
Inland Transit Clause (A)

These clauses are all risk clauses similar to Institute Cargo clauses. All extraneous perils except SRCC are covered subject to exclusions. Show MoreShow Less

medical-policy
Inland Transit Clause (B)

In addition to the risks mentioned above following are also covered: Breakage of bridges, Collision with or by the carrying vehicle, Overturning of the carrying vehicle, Derailment or accidents of like nature to the carrying railway wagon/vehicle. Show MoreShow Less

medical-policy
Inland Transit Clause (C)

Fire, Lightning.

life-policy
Exclusion

Wilful misconduct of the insured Ordinary and inevitable losses Improper packing Inherent vice Insolvency of ship-owner Delay Nuclear risks Risks that are covered under Institute War Clause. Unseaworthiness and unfitness of the vessels While certain exclusion like War & SRCC can be covered by payment of additional premium, there are certain exclusions which are absolute and cannot be covered under any circumstances e.g. wilful misconduct, nuclear).

* The details furnished here do not constitute entire terms & conditions. For More details refer policy documents.

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step 1
1Claim Intimation

Call us on our Toll-free Helpline number 1800-22-4030/1800-200-4030

step 1
2Surveyor Appointment

A surveyor will be assigned who will assess the losses.

step 1
3Claim assessment and settlement

After successful verification, the claim amount will be disbursed.

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