Marine Cargo insurance
The suez canal insurance company undertakes to compensate the insured for all losses or damages incurred to the shipments of goods transported for the benefit of the insured during their voyage , whether by sea , land , air or river accordance with the terms and Conditions of the insurance policies issued for these goods .
Types of Transit Insurance Policies
Marine or Air Transit Policy
This policy covers the goods according to the conditions issued by the institute of London underwriters (ILU) .
Institute Cargo Clauses (A) all Risks :
This insurance covers all risks of losses or damages to the subject matter insured until arrival to the Final destination ( port or warehouse). In addition to General average and Both to Blame Collision
Institute Cargo Clauses (B):
This insurance covers:
- Loss of or damage to the subject-matter insured reasonably attributable to
- Loss of or damage to the subject-matter insured caused by
- Total loss of any package lost overboard or dropped whilst loading on to, or unloading from, vessel or craft. In addition to General average and Both to Blame
Institute Cargo Clauses (C):
This insurance covers :
- Loss of or damage to the subject-matter insured reasonably attributable to
- Loss of or damage to the subject-matter insured caused by
In addition to General average and Both to Blame
Additional Coverage:
- Institute War , Strikes, Riots and Civil Commotion Risks
2- Inland Transit Policy
This policy covers the goods according to the conditions issued and approved by the insurance federation of Egypt.
1. Inland clauses:
This policy covers only total &/or partial loss and physical damage caused to the subject matter insured due to:
Additional Coverages:
- Burglary clauses .
- Loading & unloading clauses.
2. Comprehensive inland clauses:
Covers inland clauses in addition to dropping of the goods result of the truck tilting without overturning , theft and natural phenomena. Our Insurance Advantages :
