MARINE INSURANCE
We also have service to arrange Marin Insurance for your important vehicle, if you wish to have more detail or have inquiry, please do not hesitate to contact us.
Tip
Table below is an example of coverage, according to Institute Cargo Clauses (I.C.C.).
Types of Accident | I. C. C. (A) + War & Strikes |
I. C. C. (B) + War & Strikes |
I. C. C. (C) + War & Strikes |
---|---|---|---|
Fire & Explosion | |||
Vessel/craft stranded, grounded, sunk or capsized | |||
Overturning or derailment of land conveyance | |||
Collision or contact of vessel, craft or conveyance with external object other than water | |||
Total loss of any package lost overboard or dropped whilst loading onto or unloading from vessel or craft | |||
Entry of sea, lake or river water into vessel, craft, hold, conveyance, container, lift van or place of storage | |||
Earthquake, volcanic eruption or lightning | |||
Salvage Charges | |||
Extraneous risks (Sweat, Breakage, Bending, Denting, Theft, Leakage, Non-Delivery, Shortage, Contamination, etc.) | |||
General average sacrifice |
= covered / = uncovered
Important!
Coverage, fee, availability or any other terms and conditions may be varied, please contact us for more detail.
Limit or exemption of liability may be applied, it is judged case-by-case basis by insurer (e.g. by location, time, situation, detail of products/your purchase and so on)
Examples of the major risks which may be excluded from coverage;
-
- ▪ Loss or damage due to rust, oxidation and discoloration
- ▪ Loss caused by willful misconduct of the insured
- ▪ Ordinary leakage, ordinary loss in weight or volume or ordinary wear and tear
- ▪ Loss caused by "inherent vice" or nature of the subject matter
- ▪ Loss caused by delay, even though the delay be caused by an insured risk
- ▪ Loss arising from insolvency or financial default of owners, operators, etc. of the vessel