Marine Insurance is compulsory if you are importing any consignment from overseas. Should you decide to import any items of value, we shall be prepared to issue you our Marine Cargo Certificates to cover such transactions:
The following covers available are shown below:
[a] Institute Cargo Clauses ‘A’
This is an ‘All Risks’ Cover. As the name implies, it protects you against all aspects of losses arising from Maritime Perils unless specifically excluded in the policy.
[b] Institute Cargo Clause ‘C’
This is an F.P.A [Free of Particular Average] cover. This does not cover partial losses even when caused by any of the Maritime Perils insured against unless there is a total loss of or damage to the Cargo Insured.
We strongly recommend that the ICC’A’ should always be taken up by your good selves as it provides a comprehensive coverage.