Marine Cargo Insurance

Providing indemnity against losses to goods being imported either by sea or by air.

Container carrying cargo ship on the sea

Marine Cargo Insurance provides indemnity against losses to goods being imported either by sea or by air. The cover can be arranged on a Single Shipment or as an Open cover for all shipments, in any one – year. It can also be arranged to cover either total losses or partial losses. (i.e. Institute Cargo Clause A and C)

The premium rate will depend on the type of goods in question and the volume of importation in any one year.

Exclusions:

The exclusions associated to this class of insurance are expressly contained in Institute cargo clauses (ICC).

The exclusions are contained under sections 4 – 7 of ICC (i.e. institute cargo clauses)

  • Loss, damage expense attributable to willful misconduct of the Assured.

  • Ordinary leakage, ordinary loss in weight or volume or ordinary wear and tear of the subject matter insured.
  • Loss, damage or expense caused by inherent vice or nature of the subject matter insured.

  • Loss damage or expense caused by insufficiency or unsuitability of packing or preparation of subject matter insured to withstand the ordinary incidents of the insured transit where such packing or preparation is carried out by the Assured or their employees or prior to the attachment of this insurance.

Who can purchase this cover?

Anybody, Individuals or Corporate importing or exporting goods from or to any location outside the country.

To enable us make a competitive quote;

For your insurance needs, send us an email at e-retail@universalinsuranceplc.com and be assured that we will respond within 10 minutes. You may also fill out the quote form below for a call-back, or call us on 0809 748 9596 or 0201 293 4645. Use our live support for quick response.