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Marine Cargo Insurance

Product Description

Marine Hull Insurance is an insurance product that provides coverage for the ship’s hull along with its engines and equipment, against damage or loss that arises as a result of shipping risks and sea hazards.


Risks Covered

  • Marine hazards such as bad weather, drowning, collision, etc. (perils of the seas)
  • Fires and explosions
  • Violent theft by people from outside the ship
  • Discharge into the sea (jettison)
  • Robbery (piracy)
  • Breakdown or accident in nuclear installation or reactor (on ship)
  • Collisions with aircraft or other celestial bodies, ground transportation, docks, etc.
  • Earthquakes, volcanic eruptions, lightning strikes
  • Accidents due to loading-unloading cargo or fuel
  • Negligence of the captain, crew or guide
  • Others



  • Buyers
  • Importers
  • Sellers
  • Banks
  • Transport companies
  • Forwarders
  • Loading and unloading companies
  • Customs