Marine

·         Vessel or craft being stranded, grounded, sunk or capsized.

·         Overturning or derailment of land conveyance.

·         Collision or contract of vessel, craft or conveyance with any external object other than water.

·         Discharge of cargo at a port of distress.

·         General average sacrifice.

·         Jettison.

·         The risks of Non-Delivery only or Theft Pilferage and Non-Delivery may be covered under this cover on request of the insured.

·         This risk of WAR & SRCC may also be covered under the policy on payment of additional premium.

—  Additional Risk : 

a)      Earthquake, volcanic eruption or lightning.

b)      Washing overboard.

c)      Entry of sea, lake or river water into vessel.

d)      Total loss of any package lost overboard or dropped whilst loading or unloading from vessel.

·         Can be added on payment of extra premium to ICC (B) :

a)      Theft Pilferage and/or Non-Delivery.

b)      Fresh water and rainwater damage.

c)      Hook and/or Holing damage.

d)      Heating and sweating.

e)      Damage by mud, acid and other extraneous substances.

f)       Breakage & Scratching splitting

g)      Leakage

h)      Bursting/tearing

—  Additional Risk:

a)      Non-Delivery

b)      Theft Pilferage

c)      Hooks, holing, bursting tearing leakage loss of contents caused by damaged to containers

d)      Fresh & Rain Water Damage, Extraneous, Substances, Heating and sweating.

e)      Rust, Oxidation or discoloration

f)       Contamination

·         All damage or loss during transit in consequences of any peril other than the following:

o   Willful misconduct of the assured.

o   Ordinary leakage, ordinary losses in weight or volume or ordinary wear and tear.

o   Insufficient or unsuitability of packing or preparation of the subject matter insured.

o   Inherent vice or nature of the subject matter insured.

o   Delay.

o   Insolvency or financial default of carrier.

o   Deliberate damage to or deliberate destruction of the subject matter insured.

o   Loss arising from nuclear weapons.

o   Loss damage or expenses arising from the use of any weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter.

Truck Risks only

b)      Lightning

c)      Breakage of bridges

d)      Collision with or by the carrying vehicle/Railway Wagon

e)      Overturning of the carrying vehicle

f)       Derailment or accident of like nature to the carrying Railway Wagon/vehicle.

The risks of SRCC may also be covered under the policy on payment of additional premium.

This insurance covers all risks of loss or damage to the subject matter insured except exclusions mentioned of the clauses.

Rail/Lorry/

Truck All Risks

—  Additional Risk:

a)      Non-Delivery

b)      Theft Pilferage

c)      Hooks, holing, bursting tearing leakage loss of contents caused by damaged to containers

d)      Fresh & Rain Water Damage, Extraneous, Substances, Heating and sweating.

e)      Rust, Oxidation or discoloration

f)       Contamination

The risks of SRCC may also be covered under the policy on payment of additional premium.

This insurance covers all risks of loss or damage to the subject matter insured except exclusions mentioned of the clauses.