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Corporate Insurance » Marine Cargo
 Manufactured products / goods such as raw materials, finished products and large industrial equipments are being transported from one point to another across the globe. These goods are exposed to host of perils while in transit and may result in huge losses for the business
Marine Transit Insurance
AL AHLIA offers protection through its Marine Transit insurance policy which provides cover in respect of loss or damage to goods during transit by air/ sea / road. Some common transit insurance available are
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Specific Cargo Policy – It protects each shipment, sent by sea, road or air, from any place in the world to another, against various risks.
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Open Policy – It provides automatic and continuous protection to Insured's import and export shipments, sent by any means of transport, on agreed terms.
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Inland Transit Insurance Policy – It covers cargo dispatched overland from one place to another.
What is not covered
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War and Allied perils
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Ordinary leakage
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Improper packing
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Delays and inherent vice of goods
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Riot, strike, civil commotion, terrorism
Basis of Sum Insured
Sum Insured depends on the type, age and trade of vessel, valuation of vessel, its management and past claims experience.
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