Included in the Marine Insurance family of products, there is a whole range of covers that provide protection against the loss or damage of ships, cargo, port terminals, and any transport such as haulage or container trucks, or other vehicles by which cargo is transferred, acquired, or held between the points of origin and final destination. Generally the covers protect the goods from warehouse to warehouse.
Our Range of Marine Insurance
Covers losses arising from physical damage to cargo and related liabilities whilst it is in transit by sea. It can be for a single shipment or an OPEN COVER for clients who import or export on a regular basis.
Clients can choose between the three different options of Institute Cargo Clauses as issued by the International Chamber of Commerce. The premium rates are commensurate with the chosen option.
- Clause A has the widest insurance coverage.
- Clause B has a more restrictive coverage.
- Clause C has a basic coverage.
Marine Hull insurance covers physical damage to a ship’s hull and machinery caused by perils of the sea, including storms, fire, tidal waves and strong winds. We pay for partial and total loses of the vessels. The standard policy covers the vessel whilst it is within the Seychelles’ EEZ. Where the vessel intends to sail outside of the EEZ, we offer a special Voyage Policy.
An additional option under this policy is Marine Third Party liability. The vessel’s liability insurance covers risks associated with the operation and use of ships, e.g. injury to passengers and other associated third party liability such as cargo owners, and other vessels.