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MARINE CARGO INSURANCE

Protect cargoes and machineries against financial losses resulting from unforeseen incidents

Coverage for export and import shipment by ocean in case of any unexpected loss of goods during transportation overseas. This policy covers loss of goods during transport due to accident, fire, and loss of transport vehicles.
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Domestic

Fire & Explosion
Coverage loss or damage caused by fire or explosion
Overturning & Derailment
Coverage for overturning or derailment of land conveyance
Discharge of Cargo
Coverage for discharge of cargo at a port of distress

Stranded, sunk, grounded or capsized                                                   Coverage for vessel or craft being stranded, sunk, grounded or capsized

Collision with External Object
Coverage for collision or contact of vessel/craft or conveyance with any external object other than water
 
Additional Coverage


Port of Arrival Cover

Coverage for 30 days before departure and 30 days before unloading at the port of arrival

Oversea

Fire & Explosion
Coverage loss or damage caused by fire or explosion
Overturning & Derailment
Coverage for overturning or derailment of land conveyance
Discharge Cover
Coverage for discharge of cargo at a port of distress
General Average Sacrifice
Coverage for voluntary sacrifice of part of a vessel or cargo to safeguard the vessel or cargo from a common peril
General Average & Salvage Charges
Coverage to protect vessel against additional loss. (e.g. adding barrier to broken window, salvage company grounding ship)
Rainwater Damage
Coverage for loss or damage caused by rainwater

Stranded, sunk, grounded or capsized                                                   Coverage for vessel or craft being stranded, sunk, grounded or capsized

Collision with external object
Coverage for collision or contact of vessel/craft or conveyance with any external object other than water

Jettison/Washing Overboard
Coverage for the intentional throwing overboard of part of the cargo in order to save the ship or its cargo.

Pirates, Thieves, & Non-Delivery
Coverage for the loss or damage caused by theft or pirates

Acts of God
Coverage for loss or damage caused by earthquake, volcanic eruption or lightning

Entry of Water
Coverage for loss or damage caused by entry of sea, lake or river water into vessel,craft, hold, conveyance, container, lift van or place of storage

Loss or Damage of Goods
Coverage for loss of any package lost overboard or dropped whilst loading onto or unloading from vessel
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Domestic

Below illustration shows how Marine Cargo Insurance provides coverage for insured goods during ordinary course of transit on a single voyage.

Oversea

Below illustration shows how Marine Insurance policy provide different types of coverage during ordinary course of transit in a single voyage.
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Any person who owns a property or who has a legal obligation over safety of a property e.g., Owners of goods traded, Business owners, Manufacturers and Distributors, etc.
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Premium Rating

Calculated based on sum insured (cargo value)

Subject to:

  • Type of Cargo 
  • Type of Voyage 
  • Season of the Trip

Policy Term

Coverage is applicable for single voyage.

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What documents are needed to insure in Marine Cargo Insurance?

  • Completed Proposal form
  • Complete Checklist Items Submission
  • Copy of company registration & Dominant shareholder information (For Company)
  • Invoice/ Bill of Landing/ Commercial Invoice/ Evidence of Ownership
  • Registration License
  • Transportation License
  • How does marine cargo insurance give coverage?

    The coverage will give for total Loss Only (ICC-C )1.1.82.

    What should I do if there is any changes before departure date?

    You should contact to Customer Service – 09 777 100 555 or respective sale staffs for any changes. You would need to fill in the endorsement form and provide require documents.

    What are the types of cargo in marine cargo insurance?

    1. General Cargo
    2. Dangerous Cargo (Diesel, Petro, Gas ..etc)

    How long is the policy period?

    The marine cargo insurance policy covers for only Single Voyage (One Trip). Insurance covers the period between the start of the checkout and the departure point. (Exclude loss or damage incurred while cargo loading/unloading)

    Digital Services

    Easy for you to access your insurance policy via our digital platform

    Key benefits

    Tailored Solutions

    AYA SOMPO Insurance deliver tailored Marine Cargo Insurance solutions for all our corporate customers. They may include General Cargo ,Dangerous Cargo (Diesel, Petro, Gas ..etc) and other additional cover (Port Overdue Fees) = 10% of Basic Premium.

    24/7 Claim Services

    Timesaving and convenient claims speed up the process faster and smoother. At AYA SOMPO Insurance, we are always here to providing you and your loved ones with peace of mind while we resolve your claim. Please contact us any time of the day or night 24/7 at 09-777 100 999. You can also request help online by sending us photos of the damage from your mobile device.

    Door to Door Service

    Safety of our customers will always be our first priority. We are now committed to provide the most secured and convenient services to fulfill the needs of our customers. With our door to door service, you will experience a more streamlined experience.

    Not sure what you need?

    Learn in seconds which types of insurance match your needs.

    Not sure what you need?

    Learn in seconds which types of insurance match your needs.