Marine Insurance
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Marine Insurance

Marine Cargo Insurance provides indemnity for loss or damage to imported goods being conveyed by sea or air

Features

  • 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
  • Benefits

  • 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.
  • Covers

    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).

    Requirements/Documentations

  • 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.