Marine Cargo Insurance : Sea Transportation

Marine Institute Cargo Clauses (A): Provides the most comprehensive coverage, protecting against all risks of loss or damage to cargo except for those specifically excluded.

Marine Institute Cargo Clauses (B): Offers coverage for named perils, including fire, explosion, vessel or craft being stranded, grounded, sunk or capsized, and more.

Marine Institute Cargo Clauses (C): Covers a more limited range of perils compared to Clauses (A) and (B), focusing on major incidents such as fire, explosion, and vessel-related accidents.

Air Cargo Insurance: Air Transportation

Air clauses: Ensures comprehensive protection for goods transported by air, covering risks associated with air transit, including loading and unloading incidents, damage, and loss during flight.

Land Cargo Transit : Land Transportation

Land Transit All Risks : Provides extensive protection against all risks of loss or damage during road or rail transit, except those specifically excluded.

Specified Perils Coverage: Covers specific named perils encountered during land transportation, such as fire, collision, theft, and natural disasters.

Total Loss Insurance: Provides compensation if the insured vessel is completely lost or destroyed due to an insured peril. This includes both actual total loss (where the vessel is completely destroyed) and constructive total loss (where the cost of repair exceeds the vessel's value).

Partial Loss Insurance: Covers the cost of repairing and replacing parts of the vessel that are damaged due to insured perils. This ensures that the vessel can be restored to operational condition after an incident

Sue and Labor Coverage : Reimburses expenses incurred by the shipowner in taking reasonable measures to avert or minimize a loss. This includes costs for emergency repairs, towing, and other preventive actions.

Collision and Liability Coverage : Covers the shipowner’s legal liability for damages caused to another vessel or its cargo due to a collision. This can also include liabilities for loss of life, personal injury, and property damage resulting from the collision.

General Average: Provides coverage for the shipowner’s share of losses incurred under the principle of general average, where all parties in a maritime venture proportionally share the loss resulting from a voluntary sacrifice of part of the ship or cargo to save the whole in an emergency.