Wherever the
movement of goods is out of home country through a ship, a plane or any other carrier
an unfortunate catastrophic
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Carriers are
not obligated to pay for the losses that occur beyond their control though
they entrust in safe delivery of cargo.
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A minimum of 0.5%
of Invoice/ Consignment Value or Rs.5000 whichever is more is the standard deductible
in India. The higher excess
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The marine transit insurance policy does not cover goods
temporarily stored during the normal course of transit. If goods are stored
outside
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This represents 110% of the Cost of Goods, Insurance and Freight Charges (CIF) which is paid
by the Insurance Company on
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It
is the amount or percentage of the claim as specified in your policy that has
to borne by the
insured for each
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Open
cover is provided to insured having substantial international trade import /
export. The terms and conditions of the cover are
finalised, the
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When
the insured has frequent and large number of despatches for incoming and
outgoing of materials, it becomes difficult to go for
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Yes
,generally the War Risk is covered under Marine Policy but the insurance company charges specificied rate as per norms, to
cover
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Wider
Risk covers physical loss/ damage due to:Theft, Pilferage, Non Delivery,
Fresh water/ Rain Water Damage, Hook Damage, Oil and Mud Damage
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