What is Marine Insurance?
Marine Insurance covers loss or damage to cargo while in transit by sea, air, road or rail — domestic or international.
Who needs it?
- Importers & exporters
- Manufacturers shipping finished goods
- E-commerce sellers with long supply chains
- Logistics & freight forwarders
Why it matters
Single transit, annual open or sales-turnover policy options
ITC clauses A (all-risk), B or C
Coverage from warehouse to warehouse
Faster claim settlements with surveyor coordination
Common myths, busted
Myth: Logistics company insurance is enough.
Truth: Their cover is limited by carrier law. Your cargo value is rarely matched.
Real claim examples
- ₹62 L import shipment claim settled after container damage at Nhava Sheva port.