|Marine Cargo Insurance||Physical loss and/or damage to goods being transported by sea, air, rail and road freight including imports, exports and cross voyages (world – world) as well as inland transit shipments (within South Africa).|
|Marine Stock Throughput||Seamless cover for all transportable goods subject to the insured’s scope of trade (including raw materials, semi-finished and finished products). This includes cover from the source of production, during storage at the nominated storage facility, to the final delivery.|
|Marine Hull Insurance||Provides cover in respect of damages to the hull and machinery of ships, yachts, barges, tugs and other floating equipment during maritime ventures.|
|Marine Liabilities||Provides cover in respect of various interests associated with the shipping industry and maritime trade, namely but not limited to:|
Ship Repairers Legal Liability – Cover for legal liability arising during the course of the ship repairers scope of work / insured services in respect of the hull & equipment in their care, custody and control, including damage to third party property and / or personal injury.
Carriers Legal Liability – Cover in respect of legal liability for physical loss of / or damage to goods whilst in the Insureds care, custody and control (e.g. fire / accident arising out of negligence of the insured and / or the insured’s employees).
|Advance Loss of Profits / Delay in Start Up||This provides cover in respect of loss of profits and fixed expenses / standing charges, following loss to the cargo whilst in transit, which results in the project period getting delayed beyond the anticipated date of completion.|