Ship being stranded, grounded, sunk or capsized

overturning or derailment of other land transport

collision of the ship or other form of transport with any external object

General Average & Jettison

Protects you from footing the bill of loss/damage of cargo

Provides unlimited cover for third party property loss

Cover is warehouse-to-warehouse; from the time the goods leave the seller to the place of storage at the final destination

Wapic offers an annual open cargo policy which automatically insures your shipments on set terms, conditions and rate without the need to contact us each time.

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.

[c]   Institute Bulk Oil Clauses

This cover is available for oil cargoes and also does not cover damage or loss caused by excluded perils in the Institute Cargo Clauses (A).

Complete basic online form with details of the consignment and we shall get back to you on the appropriate premium amount to pay.

Upon bank transfer of premium into our bank, kindly revert with transfer evidence and copy of invoice to customerservice@wapic.com

Get softcopy of Marine Insurance delivered to your email in a record process time of less than 10 minutes after premium payment.