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