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Marine Cargo

Marine cargo insurance is a class of property insurance that insures property while in transit against loss or damage arising from perils associated with the navigation of the sea or air and subsequent land and inland waterways

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  • Covers physical loss or damage to the hull and machinery which constitute the ship itself.

  • Marine insurance covers transits by water, air, road or rail, it also covers transits by registered post and courier, or any combinations of these.

  • There are various cargo clauses, each clause states the perils which are covered, Institute Cargo Clause (A) offers the widest coverage as it covers all the perils insured against.

  • Marine insurance excludes amongst other things loss or damage due to wilful act of negligence, loss or damage due to delay and loss or damage due to improper packing.

IRCS is a trading style of Insurance Risk Consultancy Services Limited. Registered in England & Wales No 3417790. Registered office 46 Worcester Place. Swansea, SA11JQ. Authorised & Regulated by the Financial Conduct Authority FCA Reg No 305738

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