Marine Cargo Takaful

Shipment by Vessel

Types of coverage available are:

• Institute Cargo Clauses (A)
• Institute Cargo Clauses (B)
• Institute Cargo Clauses (C)

Institute Cargo Clauses (A)

This clause provides the widest coverage. The certificate covers all acciental losses of every description, but excludes loss, damage or expense proximately caused by delay, inherent vice or nature of the goods.

Institute Cargo Clauses (B)

In addition to the coverage provided under "C" policy, it also covers:

• Loss or damage to goods insured attributable to earthquake, volcanic eruption or lightning .
• Loss of or damage to interest insured by : entry of sea, lake or river water into the vessel.
• Total loss of any package lost overboard or dropped whilst loading on to, or unloading from vessel.

Institute Cargo Clauses (C)

This certificate covers the loss of or damage to the interest insured attributable to:

• Fire or explosion
• Vessel being stranded, grounded, sunk or capsized
• Overturning or derailment of land conveyance
• Collision or contact of vessel with external object other than water
• Discharge of cargo at a port of distress
• General Average Sacrifice

In addition to the above coverage, you may extend to the following risks by paying additional contribution:

• War as provided under the Institute War Clauses (Cargo)
• Strikes as provided under the Institute Strikes Clauses (Cargo)