MARINE POLICIES

HULL: The policy provides indemnity for loss, damage or liability that may arise form their use.  The scope of cover provided is either an “all risks” or “total loss only” while the policy always carries a deductible of about 10% of the value of the vessel or yacht.
To enable us submit quotation, we require the current inspection report done by a qualified marine engineer  on the vessel as well as the type of cover required.

 

CARGO: This policy provides cover in respect of importation of equipment and other materials.  It provides indemnity for loss or damage to imported goods being conveyed by sea or air. 

 

The All Risks type of cover known as Clause “A” provides you with indemnity in the event of total or partial loss of the goods while the restricted cover known as, clause “C” would provide indemnity in the event of total loss only.