- Cargo Insurance will cover loss or damage of your goods in transported by air, sea or road. Shipments, both export/import is carried through various modes of transportation and are exposed to a number of risks throughout the period of transit. In case the cargo in transit suffers physical loss or
- damage, such resultant loss or damage, may hamper routine trade activities.
This policy is valid for a single voyage or transit. The policy will be issued before the voyage starts. The
- coverage will cease immediately upon completion of the voyage/transit.
- Scope of Cover:
- Fire or explosion
- Vessel or craft being stranded, grounded, sunk or capsized.
- Overturning, derailment ( of land conveyance)
- Collision
- Discharge of cargo at port of distress
- Jettison
- General average sacrifice, salvage charges
- Earthquake, lightning
- Washing overboard
- Entry of Sea, lake, river water
- Total loss of package lost overboard or dropped in loading or unloading
- War and SRCC is specifically covered, if required.