We provide Marine insurance coverage you need to protect your goods for their full value; the policies may be on a single voyage, Open Cover cargo and annual program.

With businesses globalization, there are significant increase of shipping companies and has led to a rise in demand from ship and cargo owners for marine insurance

Marine cargo insurance guards your goods against accidental physical loss and damage while in transit. Importers and exporters are exposed to countless financial risks and recovery of losses from carriers is difficult and time consuming.

Marine Cargo Insurance relieves businesses of their financial exposure from physical loss or damage to their goods while in transit, since carriers have limited liability.

The insurable interest or obligation to take up Marine Cargo Insurance is usually determined by the Incoterms / the sales terms of the contract will determine who should be responsible to buy the insurance.

F.O.B. (Free On Board)
It is the seller’s obligation to place the goods on board vessel at his own expense and obtain the Bill of Lading. He (the Seller) is also responsible for all loss or damage until goods are on board vessel. Thereafter the good’s are at buyer’s risks.

C & F (Cost and Freight)
Seller provides goods with all freight and other charge paid to the port of discharge but does not include insurance charges. He (the Seller) is also responsible for the loss or damage to goods until delivery on to the carrying vessel but it is the responsibility of buyer to arrange insurance.

C.I.F. (Cost, Insurance & Freight)
The Seller undertakes to arrange and pay for all costs of delivering the goods and insurance up to final destination because the buyer has paid for these in the sale price. The insurance policy is assigned to the consignee and he can claim under the policy as though he had arranged the insurance himself.